Fundings and Exits

Southeast Asia-based fashion marketplace Zilingo has closed an $18 million Series B funding round led by Sequoia Capital India and Burda Principal Investments. Zilingo was founded less than two years ago by ex Sequoia analyst Ankiti Bose (CEO) and former Yahoo engineer Dhruv Kapoor (CTO). The basic vision is to help Southeast Asia’s thriving independent fashion sellers and
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Credit score business Equifax revealed Thursday that 143 million people were compromised in a cyber attack. Social security numbers and other personally identifying information were accessed. And guess what, the stock market didn’t like it! The company lost about $2 billion in market cap Friday after tumbling nearly 14%.  Apparently, the company has known about the
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UrWork, the unicorn that is competing with WeWork in China, is following its American rival’s lead by extending its reach in Southeast Asia after it took part in a $3 million funding round for Indonesia-based ReWork. The round, which is described as pre-Series A, was led by China-U.S. firm ATM Capital and Indonesia’s Convergence Ventures. UrWork
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India-based OYO, a startup that pioneered and popularized the concept of budget hotel networks, has closed $250 million in new funding led by SoftBank’s Vision Fund. The startup was founded in 2013 by Thiel Fellow Ritesh Agarwal, now aged 24, and the concept centers around standardizing the quality of India’s wildly differentiated affordable hotels, and providing
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Innoviz, a company making LiDAR sensors to support the development and deployment of autonomous driving, has raised a new $65 million in Series B funding, from strategic partners and leading auto industry suppliers Delphi Automotive and Magna International, along with other investors. The vote of confidence from Magna and Delphi is especially noteworthy, however, because
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Five months after abandoning its proposed purchase of Monsanto’s precision planting subsidiary due to anti-trust concerns, agricultural equipment giant Deere and Company announced that it will spend $305 million to acquire ag-tech startup Blue River Technology. Founded in 2011 and based in Sunnyvale, Blue River develops machine learning technology for precision farming and counts Monsanto’s
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Fanatics, the 17-year-old, Jacksonville, Fla.-based sports e-commerce company that helps leagues and teams sell their licensed apparel and fan gear directly to customers, has closed on $1 billion in funding led by SoftBank Group’s Vision Fund. The National Football League and Major League Baseball, both earlier investors, also participated in the round, which values the
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Ed tech startup Labster whose software platform enables virtual simulations of laboratories for teaching life science to students, has closed a $10 million Series A round of funding led by early stage European VC firm Balderton Capital. Stockholm-based Northzone is also joining the round, as is Unity Technologies founder David Helgason — clearly spying strategic potential in
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Snowflake, makers of a cloud data warehouse service, announced a new virtual private product that should appeal to highly regulated companies like financial services and healthcare. In fact, the company also announced that one of the product’s earliest customers, Capital One, will be investing $5 million in Snowflake as a strategic investor as a result
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As outsized ridesharing companies like Uber and Lyft continue to build out their taxi-style marketplaces largely based around connecting individual passengers to individual drivers, a startup focused squarely on the carpooling opportunity has raised a large round of funding to expand outside of the U.S. Via — which has developed a shuttle-based carpooling service that it
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A website built using Strikingly’s platform. Half a decade after it was founded, website building platform Strikingly finally decided it’s time to raise a Series A. The Y Combinator alum announced that it has closed a $6 million round from investors including CAS Holding, Infinity Venture Partners, Innovation Works, former Y Combinator partner Kevin Hale and
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Thailand’s banks have stepped up to chase the startup dream over the past year. Following on from SCB’s Digital Ventures, which has backed blockchain startup Ripple among others, Kasikorn Bank (KBank) has made the first investment from its $30 million fund — a $1.15 million round for Bangkok-based FlowAccount. KBank announced its Beacon fund this
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