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Page 381

Druva begins drawing up IPO plans

The cloud security platform developer, valued at more than $1bn, is eyeing an offering that will take place after 2019 and give NTT a chance to exit.

Sep 3, 2019

Naspers to make ElasticRun in $55m round

Logistics service provider ElasticRun is in talks with the corporate to raise $50m to $55m in a round that would value it at about $250m.

Sep 3, 2019

Uhuru to pursue $50m in London IPO

The SoftBank, NEC, Salesforce, Mitsui, NGK Spark Plug and Dentsu-backed IoT orchestration software provider is reportedly seeking a valuation higher than $270m in the offering.

Sep 3, 2019

Taiwan Life ties $50m to BVP Century Fund

Taiwan Life has provided capital for Bessemer Venture Partners' Century Fund, one of a range of fund investments it has made in 2019.

Sep 3, 2019

Mahindra & Mahindra collects Meru Cabs

Mahindra & Mahindra has agreed to buy a 55% stake in BCC-backed Meru Cabs for $14.5m, in a deal that could reach more than $28m in total.

Sep 3, 2019

Sociolla fashions $40m series D

The fashion-focused e-commerce and media brand raised $40m in a round that was led by corporate-backed existing investor EV Growth.

Sep 3, 2019

Alibaba suspends India dealflow

Alibaba has reportedly put a temporary halt to deals in India to focus while it waits to achieve its first exit in the country.

Sep 2, 2019

Dream11 to draw up terms for $500m

SoftBank Vision Fund, Naspers Ventures and potentially Tencent are in line to invest in fantasy sports platform Dream11 at a valuation of up to $2.5bn.

Sep 2, 2019

DG Daiwa digs up $188m fund

Digital Garage and Daiwa Securities are the general partners for DG Lab Fund II, which recently achieved a first close on its way to a $188m target.

Sep 2, 2019

Recruit makes Plum investment in $20m round

The corporate contributed to a series B-plus round for second-hand goods trading platform Plum that will fund marketing and the bolstering of its services.

Sep 2, 2019
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