The PayU and Rakuten-backed digital lending platform has filed for bankruptcy after regulatory changes in two markets meant customers halted loan repayments.
Author: Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
Merck GHI helps AeroSafe lock in funding
Merck Global Health Innovation Fund has contributed to a $47.5m round for AeroSafe Global, which provides cold supply chain services to pharmaceutical clients.
Groww thrives with $30m series C
BBVA-backed Propel Venture Partners has returned for a round that will help Groww add more asset classes to its online investment service.
Zomato confirms Tiger Global investment
Multi-corporate-backed food delivery service Zomato has filed a regulatory filing showing Tiger Global has put up more than $102m to boost its series J round to nearly $170m.
Xometry zooms to $75m
BMW, Dell and Robert Bosch all returned for a $75m round that brought the manufacturing marketplace’s overall equity financing to $193m.
3Peak seeks $339m in IPO
Huawei’s venture capital arm Hubble Technologies is in line for an exit less than nine months after it invested in fabless semiconductor maker 3Peak.
Snyk scopes out $200m series D
Alphabet and Salesforce-backed software debugging tool provider Snyk has now raised $452m in funding altogether and pushed its valuation to more than $2.6bn.
Waresix warehouses $100m
Emtek and SoftBank Ventures Asia participated in a series B round that lifted the logistics services provider’s funding in the past year to roughly $100m.
Progress leads to $220m Chef acquisition
Progress intends to buy software development technology producer Chef for $220m in cash, following $105m in funding from backers including HPE and Citi.
Taboola and Outbrain forget planned merger
The agreed merger between corporate-backed digital advertisers Outbrain and Taboola has failed nearly a year after plans for a $850m deal were announced.
Alkahest aligns with Grifols for $146m acquisition
Grifols agreed the deal five years after supplying $50m in equity and development financing for the neurodegenerative disease therapy developer.
Episerver applies itself to Optimizely acquisition
Digital marketing platform developer Optimizely has agreed to be bought after raising $200m from investors including Citi, Salesforce, Accenture and Alphabet.
AnyVision accesses $43m in new funding
The Qualcomm and Robert Bosch-backed facial recognition technology developer raised $43m in funding from unnamed backers five months after Microsoft exited.
QuantumScape plugs into $3.3bn reverse merger
The solid-state battery developer, which has raised $300m from Volkswagen since 2018, will list on the New York Stock Exchange through a reverse merger deal.