Reddit has raised $250 million in Series E funding led by venture capital firm Vy Capital. Other investors include Andreessen Horowitz, Sequoia Capital and Tencent. The company will use the funding to make strategic investments in areas such as video, advertising, consumer products and international expansion. The proceeds will also be used to double its…
Klook, a world-leading travel and leisure booking platform, announced that it has raised $200 million in additional funding. The Series E round was led by Aspex Management, an investment fund focused on Asia Pacific, in addition to other new investors. Sequoia Capital China, Softbank Vision Fund 1, Matrix Partners China, and Boyu Capital, who are…
Dunzo, a hyperlocal delivery startup, announced it has raised $40 million in Series E funding round from new and existing investors including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria among others. The company plans to focus on sustainable growth across its fastest-growing cities such as Mumbai, Chennai, and Pune in the…
Graphcore – maker of the Intelligence Processing Unit which is a new type of microprocessor specifically designed to support artificial intelligence workloads – announced that it has raised $222 million in a Series E funding round that values the company at $2.77 billion post-money. The company will utilise the current financing to support the company’s…
StockX, an online marketplace to buy and sell limited edition and high demand sneakers, announced it has raised $275 million in a Series E funding round led by Tiger Global Management, with participation from Altimeter Capital, Sands Capital, and Whale Rock Capital Management. Post funding, the company is valued at $2.8 billion. The new investment…
Cars24, an online platform for selling pre-owned vehicles, has raised $200 million in a Series-E funding round led by DST Global at a post-money valuation of over $1 billion. Existing investors Exor Seeds, Moore Strategic Ventures and Unbound also participated in the funding round. The company will use the current funding to invest aggressively in…
Forter, an e-commerce fraud prevention company, announced it has raised $125 million at over $1.3 billion valuation in Series E funding led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon. Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital Partners and Commerce Ventures also participated in the funding round. The startup will use the…
VisIC Technologies Ltd., a global leader in gallium nitride (GaN) devices for automotive high-voltage applications, announced it has raised a Series E financing round with participation from MediaTek, the world’s 4th largest global fabless semiconductor company. The company will use the current funding to further expand its portfolio for Electrical Vehicles high power systems. “This…
Getaround, the carsharing platform that empowers users to instantly access and drive cars nearby, announced a $140 million Series E financing from PeopleFund with new investors including Reid Hoffman’s and Mark Pincus’ Reinvent Capital, AmRest founder Henry McGovern, Pennant Investors, and VectoIQ partners Steve Girsky, Mary Chan, and Julia Steyn. Existing investors SoftBank Vision Fund,…
Dunzo, an all-in-one 24X7 delivery platform that picks and delivers anything and everything within the city, announced that it has raised $28 million in its ongoing Series E funding round led by Google and Lightstone Fund, according to YourStory report. Dunzo has issued compulsorily convertible preference shares (CCPS) to both Google and Lightstone with each…
Robotic Process Automation (RPA) company, UiPath, recently announced it has closed its Series E investment round, raising $225mn at a post-money valuation of $10.2bn. The round was led by Alkeon Capital Management. Others participating include Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington, and funds and accounts advised by T.…