Naspers Ventures is leading a funding round for Byju’s already sized at $322m, with a $400m target, that is valuing the online learning platform at $3.6bn.
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.
Airbnb and Slack consider direct listing
Airbnb and Slack are considering following in the footsteps of Spotify by exploring a direct listing rather than going the traditional route through Wall Street.
Tripping arrives at HomeToGo
HomeToGo has acquired Recruit-backed holiday home rental platform Tripping for an undisclosed sum, while also raising an amount likely to be about $120m.
Blippar slips toward insolvency
Kazanah Nasional is reportedly blocking emergency funding for the Qualcomm-backed AR technology developer, which has raised some $137m while trying to locate a sustainable business model.
G7 tracks corporates to raise $320m
The fleet monitoring software provider’s latest round, concluded in October but only revealed now, featured Total Energy Ventures, Tencent, GLP and Bank of China.
Mogu modulates US IPO
Tencent, Ping An and Bertelsmann-backed e-commerce platform Mogu has floated on the New York Stock Exchange in a $66.5m initial public offering.
Cross River banks on $100m investment
CreditEase has participated in a $100m funding round for Cross River Bank, which will invest in recruitment and the strengthening of its compliance infrastructure.
Japan Post ships series E cash to Sansan
Sansan raised $26.4m, adding Japan Post to a roster of corporate shareholders that includes CyberAgent, GMO, Nikkei Nippon Life, Recruit and Salesforce.
Workato perks up with $25m series B
ServiceNow joined existing backer Workday Ventures in a $25m round for Workato, whose earlier investors also include Salesforce Ventures.
Corporates hear Pindrop in $90m series D
Pindrop has raised $90m in series D funding from a consortium that included Allegion, Dimension Data, Citi and Alphabet, the latter investing through both GV and CapitalG.
Amplitude sizes up $80m series D
The Tencent-backed data analytics software provider is now valued at $850m following an $80m series D round led by Sequoia Capital.
ResMed procures Propeller for $225m
The acquisition of respiratory management system developer Propeller Health will provide exits for McKesson, Aptar Pharma, Hikma, GlaxoSmithKline, Walgreens and 3M.
Juul staff rebuff Altria offer
Employees of Juul Labs are resisting a deal with Altria, which is also holding talks with cannabis producer Cronos, that would value the vaping product supplier at approximately $30bn.
ParkJockey to ride SoftBank investment to $1bn
The parking app developer has lined up SoftBank as lead investor in a round in which it is looking to raise $800m to $1bn, with Mubadala Investment also set to take part.