PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to release digital bank in the Philippines

PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to release digital bank in the Philippines

Voyager Developments, the Manila-based owner of PayMaya, among the Philippines’ most popular payment and monetary services apps, announced today it has raised $167 million in new financing to introduce more financial services, consisting of a digital bank. The raise consists of $121 million in brand-new funding, and $46 million from formerly dedicated funds. Voyager revealed in […] Along with rivals GCash and Coins, PayMaya is one of the most popular monetary “incredibly apps” in the Philippines. PayMaya has more than 250,000 digital-finance gain access to touchpoints, like benefit stores, where users can top-up their accounts. PayMaya and Smart Padala by PayMaya, its remittance service, claim its total signed up users doubled over 18 months to 38 million as of June 2021.

Gojek and Tokopedia merge to form GoTo Group

Gojek and Tokopedia merge to form GoTo Group

Ride-hailing giant Gojek and marketplace Tokopedia, Indonesia’s two biggest startups, said on Monday they have combined their businesses to form GoTo Group, the largest technology group in the Southeast Asian nation, the fourth most populous country that is currently navigating to contain the economic fallout from the coronavirus pandemic. GoTo will be preparing for a […] …

KKR, Rakuten to acquire most of Walmart’s stake in Japanese supermarket chain Seiyu

KKR, Rakuten to acquire most of Walmart’s stake in Japanese supermarket chain Seiyu

Walmart revealed today it will offer the majority of its shares in Seiyu, the Japanese supermarket chain it got 12 years earlier, to KKR
and Rakuten. The offer values Seiyu at about$ 1.6 billion and implies Walmart will nearly completely leave its operations in Japan. Under the arrangement, financial investment firm KKR will purchase a 65%stake […]
The deal values Seiyu at about $1.6 billion and indicates Walmart will practically entirely leave its operations in Japan. Called Rakuten Seiyu Netsuper, the online delivery service includes a devoted fulfilment center, in addition to inventory selected up from Seiyu’s supermarkets. The deal values Seiyu at about$ 1.6 billion and suggests Walmart will practically completely leave its operations in Japan….

Zwift, maker of a popular indoor training app, simply landed a tremendous $450 million in funding led by KKR

Zwift, maker of a popular indoor training app, simply landed a tremendous $450 million in funding led by KKR

Zwift, a 350-person, Long Beach, Calif.-based online physical fitness platform that immerses bicyclists and runners in 3D created worlds, simply raised a significant $450 million in funding led by the investment company KKR in exchange for a minority stake in its company. Permira and Specialized Bicycle’s venture capital fund, Zone 5 Ventures, also joined the round […] The company declined to share its active customer numbers with us– Zwift charges $15 per month for its service– however it apparently has a faithful base of users. Which leads us back to this giant round and what it will be utilized for. Today, in order to utilize the app, Zwift’s biking followers need to buy their own clever trainers, which can cost anywhere from $300 to $700 and are made by brands like Elite and Wahoo. Now, Zwift is jumping headfirst into the hardware company itself. …

PropertyGuru lands $220M from KKR and TPG to conquer Southeast Asia

PropertyGuru lands $220M from KKR and TPG to conquer Southeast Asia

Southeast Asia’s leading home listing company PropertyGuru is making terrific strides throughout the region as it secures a fresh financial investment of SG$ 300 million ($220 million), it revealed today. The earnings, funded by existing financiers KKR and TPG, both buyout titans, will sustain PropertyGuru’s currently ambitious push across its primary market Singapore, Thailand, Indonesia, Vietnam […] Growth has been encouraging for PropertyGuru in 2019, with a 24% year-over-year revenue growth that beat its own projections. Online realtors have been making aggressive growth in Southeast Asia as the region ends up being an appealing destination for real estate investors who want to tap the area’s relatively low investment limit and high rental yield. PropertyGuru has kept itself hectic in 2020 so far, releasing a mortgage market in Singapore and a virtual walkthrough feature for property developers as well as hunters at a time when traveling is hazardous or unattainable. …

A reading guide to Dependence Jio, the most crucial tech business in the world

A reading guide to Dependence Jio, the most crucial tech business in the world

Over the past few months, COVID-19 has actually brought much of the fundraising neighborhood to a dead stop. In the middle of it all India’s hyper0growth telco Reliance Jio Platforms has actually put its fundraising efforts into complete gear. Over the previous three months, Jio has raised over $15.5 billion from a friend of investors that include prominent banks […] …

Slice, an online ordering and marketing platform for pizzerias, raises $43M

Slice, an online ordering and marketing platform for pizzerias, raises $43M

Worldwide investment firm KKR is betting on the pizza company– it just led a $43 million Series C investment in Slice. Previously called MyPizza, Slice has actually produced a mobile app and site where diners can buy a custom-made pizza delivery from their local, independent pizzeria. And for those pizzerias, CEO Ilir Sela stated […] , Slice has developed a mobile app and site where diners can order a custom pizza delivery from their regional, independent pizzeria. For one thing, Slice “anchors” your favorite pizzerias in the app, providing them the leading areas and making it simple to position your routine order with simply a couple of taps.”Regional independent pizzerias have actually been feeding Americans throughout communities for years and we are excited to put our resources behind Slice as they assist to move these services online,” stated KKR Principal Allan Jean-Baptiste in a declaration. Formerly understood as MyPizza, Slice has created a mobile app and website where diners can buy a custom pizza shipment from their regional, independent pizzeria….