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Page 559

Zoomcar picks up $40m in series C

Mahindra and Mahindra led the round with a $27.3m commitment that gave it a 16% stake in the car sharing platform, valuing it at about $170m.

Feb 19, 2018

Walmart begins talks for Flipkart stake

Walmart could buy more than 40% of the e-commerce company at a higher valuation than the $12.5bn at which SoftBank Vision Fund invested in August.

Feb 16, 2018

Kakao Games entertains investors for $130m

The funding comes ahead of an expected initial public offering and featured Tencent, Netmarble Games, Actozsoft and Bluehole Studio.

Feb 15, 2018

Toss Lab pings investors for $5.2m round

SBI led a Daekyo-backed round for cloud collaboration platform developer Toss Labs, whose earlier investors include Qualcomm and Softbank.

Feb 14, 2018

JD.com to package $2.5bn for logistics spinoff

Corporates Tencent and China Life are among a range of investors participating in the round, which will fund the newly independent JD Logistics.

Feb 14, 2018

EBay writes off $61m from Snapdeal venture

The e-commerce firm led rounds for Snapdeal totalling $184m in 2013 and 2014, but has written off $61m of its investment according to a financial report.

Feb 13, 2018

Ucommune welcomes new investment

Ucommune, the corporate-backed co-working space provider formerly known as URWork, has raised $17.3m to take its overall funding to more than $470m.

Feb 13, 2018

Coiney mints Stores.jp merger

Coiney, which is backed by Dentsu, CyberAgent and SBI, is set to merge with Stores.jp and form a payment technology company called Hey.

Feb 13, 2018

HealthifyMe tracks corporates for $12m series B

Sistema Asia Fund and Samsung Next both invested in the nutrition and fitness app developer, which will use the funding to expand internationally.

Feb 12, 2018
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