India’s Zomato valued at $5.4 billion in brand-new $250 million financial investment

India’s Zomato valued at $5.4 billion in brand-new $250 million financial investment

Zomato has raised $250 million, 2 months after closing a$660 million Series J financing round, as the Indian food shipment start-up builds a war-chest ahead of its IPO later this year. Kora( which contributed $115 million), Fidelity( $55 million), Tiger Global ($50 million ), Bow Wave ($20 million) and Dragoneer ($10 million)pumped the brand-new […]
, as the Indian food shipment start-up develops a war-chest ahead of its IPO later this year. The brand-new financial investment gives Zomato a post-money valuation of$5.4 billion, up from$3.9 billion in December last year, stated Information Edge, which owns 18.4%stake in the Indian start-up. At stake is India’s food shipment market, which experts at Bernstein expect to swell to be worth$12 billion by 2022, they composed in a report to customers. With about 50%of the market share, Zomato is the current leader among the three, Bernstein analysts wrote. …

Valoreo closes on $50M to roll up LatAm e-commerce brand names

Valoreo closes on $50M to roll up LatAm e-commerce brand names

A brand-new breed of startups is acquiring and growing small but promising third-party merchants, and constructing out their own economies of scale. And while there are a variety of such startups based in the U.S. and Europe, none had emerged in the Latin American market. Until now. Valoreo, a Mexico City-based acquirer of e-commerce organizations, […]
The acquired and established brands are integrated into the company’s consolidated holding. Looking ahead, Valoreo plans to use its new capital mainly to develop and obtain “interesting”brands, as well as develop out its present team of 10 while expanding its facilities and operations. Hernán Fernández, founder and handling partner of Angel Ventures, believes Valoreo”will add a lot of value”to the Latin American e-commerce landscape, which is experiencing both market development and the fragmentation of the seller area. This, Valoreo thinks, supplies an opportunity for debt consolidation.”In the U.S. or Europe e-commerce is the new way of shopping, using an even higher range of products and brand names than offline shopping….

Isotropic Systems raises $40 million for a satellite antenna that might make the most of brand-new constellations

Isotropic Systems raises $40 million for a satellite antenna that might make the most of brand-new constellations

UK-based Isotropic Systems has raised a $40 million funding in an “oversubscribed” round that the startup states will help it get its next-generation broadband terminal to the production phase by its 2022 target. The financing, a Series B that brings the company’s total raised to $60 million, was led by SES and consisted of participation type […] Isotropic’s business is centred around a new type of high speed broadband terminal it’s establishing that can communicate across multiple frequencies, making it possible for it to connect to more than one satellite network at the same time without any loss in signal quality or network speed for any private connection. Isotropic’s possible consumer list for such an offering spans military, federal government, and civilian markets, throughout both broadband and low-data IoT networks. …

Battery companies are the most recent SPAC target as EVs get a huge regulatory increase

Battery companies are the most recent SPAC target as EVs get a huge regulatory increase

Batteries are the current landing pad for investors. In the past week alone, two companies have actually announced plans to become openly traded business by combining with special purpose acquisition companies. European battery producer FREYR said Friday it would become a publicly traded company through a special function acquisition car with a appraisal at $1.4 billion. Houston-area […] Battery companies are the newest SPAC target as EVs get a substantial regulatory increase …

Rivian raises $2.65 B as it pushes toward production of its electric pickup

Rivian raises $2.65 B as it pushes toward production of its electric pickup

Rivian has raised $2.65 billion as it prepares to begin production this summer season of its all-electric pickup. The round, which was led by accounts and funds advised by T. Rowe Cost Associates Inc., likewise consisted of Fidelity Management and Research Company, Amazon’s Climate Promise Fund, Coatue and D1 Capital Partners along with a number of other […] Rivian hasn’t held back on spending that capital. The business has actually put more than $1 billion into its factory in Normal, Illinois. The overhaul of the 3.5 million-square-foot factory is on schedule, but not yet total, according to the company. Rivian also plans to produce the delivery vans for Amazon at the factory. …

Hopin might be the fastest growth story of this era

Hopin might be the fastest growth story of this era

Hi and invite back to Equity, TechCrunch’s venture-capital-focused podcast, where we unload the numbers behind the headlines. Pleased 2021, or as our own Danny Crichton appropriately names it, December 38, 2020. Equity crew is back to start the brand-new year in full force, with Alex, Natasha, and Danny on the mics and Chris behind the scenes. [
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Pleased 2021, or as our own Danny Crichton appropriately names it, December 38, 2020. We had few words on why P&G backing off from purchasing Billie impacts DTC start-ups all over. …

Color raises $167 million funding at $1.5 billion appraisal to broaden ‘last mile’ of U.S. health infrastructure

Color raises $167 million funding at $1.5 billion appraisal to broaden ‘last mile’ of U.S. health infrastructure

Healthcare startup Color has actually raised a significant $167 million in Series D funding round, at an appraisal of$1.5 billion post-money, the business revealed today. This brings the overall raised by Color to $278 million, with its most current big round intended to help it develop on a record year of growth in 2020 with even […]
This brings the total raised by Color to$278 million, with its most current big round planned to help it build on a record year of development in 2020 with even more expansion to assist put in place essential health facilities systems throughout the U.S.– including those related to the “last mile “shipment of COVID-19 vaccines. We saw it numerous times, with laboratory testing, with antigen testing, and now with vaccines, “Color CEO and co-founder Othman Laraki told me in an interview. Laraki told me they did about five-fold their prior year’s company, and while the company is currently set up to grow on its own sustainably based on the revenue it pulls in from clients, its aspirations and strategies for 2021 and beyond made this the ideal time to help it accelerate further with the addition of more capital. Laraki described Color’s approach as one that is both affordable for the business, and also significant cost-saving for the healthcare providers it works with. He’s positive about Color’s ability to assist address those obstacles, and to develop out a’ last mile’delivery system for vital care that expands ease of access, while likewise making sure things are done….

Amazon obtains podcast network Wondery

Amazon obtains podcast network Wondery

Amazon simply revealed that it’s obtaining Wondery, the networkbehind podcasts including”Dirty John “and”Dr. Death.” Wondery will become part of Amazon Music, which added assistance for podcasts(consisting of
its own original programs )in September. At the very same time, the statement declares that” absolutely nothing will change for listeners”which the network’s podcasts will continue […]
(including its own original programs)in September. Amazon is coming fairly late to this market, but it will now have the assistance of a popular podcast maker as it works to capture up.”With Amazon Music, Wondery will be able to offer even more top quality, innovative content and continue their mission of bringing a world of home entertainment and understanding to their audiences, any place they listen,” Amazon wrote. Wondery has raised an overall of$ 15 million in financing from Advancit Capital, BDMI, Greycroft, Lerer Hippeau and others, according to Crunchbase….

After lockdowns improve gaming market Eneba, it raises $8M from Practica and InReach

After lockdowns improve gaming market Eneba, it raises $8M from Practica and InReach

Eneba, a marketplace for gamers that offers games and other items, has raised an $8 million round of financing from Practica Capital and InReach Ventures. The financing is described as a “combination” of a seed and Series A round. Also taking part in the funding for the Lithuanian startup was FJ Labs and a group of [ …] , a market for gamers that sells video games and other products, has actually raised an$8 million round of financing from Practica Capital and InReach Ventures. Co-founder and CMO Žygimantas Mikšta stated: “We had a lot of new users coming to Eneba throughout these unpredictable times. We are extremely excited to have discovered Eneba thanks to our AI platform when the company was unknown and under the radar. …