Skydance Media (Skydance) announced the completion of a $400 million strategic investment round led by KKR and joined by The Ellison family who remain the Company’s majority shareholders. Existing investors RedBird Capital Partners and Tencent also participated in the fundraise, which values Skydance at over $4 billion. The addition of KKR as a new strategic…
Voyager Innovations, a technology company in the Philippines, has announced that it raised US$167 million to fast-track financial inclusion in the Philippines through its financial technology arm, PayMaya Philippines. Participating in the funding were existing shareholders PLDT Inc., the Philippines’ integrated telecommunications company and digital services provider; KKR, a global investment firm; and Tencent, a…
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…
Business-to-business (B2B) e-commerce major Udaan on Wednesday said it has raised USD 280 million (about Rs 2,048 crore) in funding from existing and new investors, including Lightspeed Venture Partners and Tencent, according to PTI report. Existing investors of Udaan – Lightspeed Venture Partners, DST Global, GGV Capital, Altimeter Capital, and Tencent – participated in the…
Walmart, a multinational retail corporation, announced it has invested $560 million in Flipkart as part of its $1.2 billion round announced in July, according to the regulatory filings made in Singapore show. The news was first reported by Entrackr. According to the filings, Walmart had been allotted 39,57,960 equity shares in Flipkart’s Singapore unit at…
Gaana, the music and podcast streaming platform, announced that it has raised $50 million in a fresh round from existing investors Tencent and Times Internet. The investment comes after two years when Tencent led the $115 million funding round in the music streaming platform. Earlier, Tencent had invested in Khatabook, DoubtNut, Pratilipi and Swiggy. According…
Chinese-gaming giant Tencent recently announced that it has purchased the Malaysian video streaming platform Iflix’s “content, technology, and resources” in an attempt to grow its presence in Southeast Asia. In an official statement, the company said that Iflix’s catalogue of “international, local, and original content” would enable it to expand the reach of its overseas…
Chinese internet giant Tencent Holdings Ltd is reportedly in talks to invest $200mn in Warner Music Group. The recent development from Tencent comes just days ahead of the record company’s slated initial public offering. According to a Wall Street Journal report, Warner Music is also working to line up institutions that, along with Tencent, would…
Surge-backed fintech startup Khatabook recently raised $60million in Series B funding round. The funding round was led by Facebook co-founder Eduardo Saverin’s B Capital. Khatabook helps small businesses record financial transactions digitally and accept payments. The funding round saw participation from a clutch of new and existing investors including Sequoia India, Partners of DST Global,…
Nasadiya Technologies Private Limited, doing business as Pratilipi and operates as an online self publishing portal, announced that it has raised about Rs 71 crore in its Series C round, led by Chinese internet giant Tencent, according to documents filed by the Bengaluru-based startup with the Registrar of Companies. According to the filings, Pratilipi’s existing…
Food delivery platform Swiggy has recently raised $43mn in its ongoing Series I funding round. The funding round was led by existing investor Tencent and saw participation from Ark Impact Asset Management, Korea Investment Partners (KIP) and MACM India Growth Fund. The company had initiated its Series I round in February and had raised $113…
Gojek, an Indonesian ride-hailing and payments firm, has closed an additional $1.2 billion of funding recently, as per an internal memo reviewed by Reuters. The memo states that the company’s total funds stand at around $3 billion, and added it was still seeing “strong demand” among the investment community despite “turbulence within the tech investment…
As the death toll due to the deadly coronavirus reached over 800, the World Health Organisation declared it a Public Health Emergency of International Concern. Coronavirus has shut forced the Chinese economy on its knees with many analysts failing to predict the growth of the nation after this pandemic. In an attempt to help out…
Edtech start-up BYJU’S recently announced that it has raised additional funding from existing investor General Atlantic. While the company didn’t mention the exact amount of funding, sources familiar with the development have said that it’s close to $200mn at a valuation of $8bn. The announcement comes weeks after Tiger Global invested $200mn in the startup.…
Doubtnut, an Edtech startup, has raised $15 million in Series A round of funding led by Tencent. Existing investors Omidyar Network India, Japan-based Akatsuki Entertainment Fund and Curefit founder Ankit Nagori along with Sequoia Capital India also took part in the fresh round of funding. As per the company’s statement, the fresh funds will be…