SAIF Partners, one of India’s most active tech investment firms, has returned with a new fund of $350 million, its sixth to date. Unlike other firms, SAIF opted to keep its newest fund at the same size as its previous one because it allows it to be selective on deals, a number of partners told TechCrunch in an interview. SAIF has more than $4 billion in assets under management. Its… Read More
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SimplyCook, the recipe kit with a flavoursome difference, has raised £2 million in further funding. Investors in the round are Maxfield Capital, Episode 1 Ventures, 500 Startups, and a handful of unnamed U.K. angels. Read More
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After months of watching Snap’s volatile ride on the stock market from the sidelines, some insiders will be allowed to sell their shares Monday. Known as the “lockup period,” employees and early investors of companies are generally restricted from selling their shares during the initial months following an IPO. The duration of this period varies and in Snap’s case, 150… Read More
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Carwow, a platform to that helps you buy a new car, has closed $39 million in Series C funding. The round was led by new investor Vitruvian Partners, with existing investors Accel Partners and Balderton Capital also participating. At today’s exchange rate it brings total funding to approximately $62.6 million. Read More
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In an insurer’s ideal world, there’d be a profitable policy for every conceivable risk. Click once, and you’re covered. But in the real world, insurance hasn’t kept up with the changes of recent years. The millennial generation has entered adulthood intent on completing — online — any complex transaction in a couple of minutes. But insurance policies look… Read More
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Dear Floyd Mayweather, While perusing Facebook, I chanced across your post drumming up interest in the upcoming Stox initial coin offering (ICO). I understand your motivations in wanting to diversify your portfolio of investments, but I caution that your actions are reckless and potentially financially damaging to you and your fans. Read More
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Mesh WiFi router company Eero wants to provide an easy way for consumers to connect and connect with all the smart devices in their home. As it looks to build more intelligence around how those devices interact, the company has acquihired the team behind smart home management app Thington. Read More
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Expedia is deepening its focus on Southeast Asia after it invested $350 million in Traveloka, an online travel portal based out of Indonesia. A source close to the deal confirmed that the investment values Tokopedia at more than $1 billion. That means the startup has joined the likes of Grab, Sea (formerly Garena), Go-Jek and Lazada in the region’s unicorn club. Expedia said it has picked… Read More
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Chinese smartphone maker Xiaomi has secured a $1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank… Read More
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Purple, a Utah-based mattress startup announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. Purple was already well on its way to that valuation when we got to take a sneak peak at operations at the company’s headquarters in the small town of Alpine, Utah and its giant factory an hour away in rural Grantsville… Read More
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