Flipkart in early talks to raise $1 billion ahead of IPO
Indian e-commerce giant Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation in a pre-IPO financing round, two people familiar with the matter told TechCrunch. The Bangalore-based startup, --> READ MORE
Shorting private company stock? This fintech startup is banking on its inevitability
Even the most sanguine industry observer has to be stunned at times by the pace of dealmaking right now. Not quite halfway through 2021, startups are routinely closing new rounds just months apart and sometimes --> READ MORE
Serial fiction app Radish acquired by Kakao Entertainment for $440M
Serialized fiction app Radish will be acquired by Kakao Entertainment in a transaction valued at $440 million. Kakao Entertainment is owned by Kakao, the South Korean internet giant whose services include its eponymous messaging platform. --> READ MORE
Toyota partners with ENEOS to explore a hydrogen-powered Woven City
Toyota has tapped Japanese company ENEOS to help develop the hydrogen fuel cell system that will power its futuristic prototype city Woven City. The vision for the 175-acre city, where people will live and work --> READ MORE
Lidar startup Innovusion closes $64M round led by Temasek
More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered ample interest from automakers in recent times. But it’s also a --> READ MORE
Aspire’s business accounts reach $1B in annualized transaction volume one year after launching
Singapore-based Aspire, which wants to become the financial services “one-stop shop” for SMEs, announced that its business accounts have reached $1 billion in annualized transaction volume one year after launching. The company also unveiled Bill --> READ MORE
Zencargo raises $42M to expand its digital-first freight-forwarding platform internationally
While consumers and businesses continue to use their purchasing power to spin the wheels of the globalized economy, one of the companies that’s built a technology platform to help that economy operate more smoothly is --> READ MORE
With new owner Naver, Wattpad looks to supercharge its user-generated IP factory
Toronto-based Wattpad is officially part of South Korean internet giant Naver as of today, with the official close of the $600 million cash and stock acquisition deal. Under the terms of the acquisition, Wattpad will --> READ MORE
Daily Crunch: Expensify’s hacker approach to enterprise software is paying off
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Today as we dig deep into Expensify, its history and its current --> READ MORE
Bird reportedly prepares to go public via SPAC, aims for 2023 profitability
Micromobility startups are following the lead of EV companies going public via mergers with special purpose acquisition companies, a financial instrument that came back en vogue in 2020. Bird Rides, the California-born micromobility company that --> READ MORE
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