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News round up 30 April 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Apr 27, 2018Renrenche revs up $300m round
Goldman Sachs is set to lead a $300m funding round for used vehicle e-commerce platform Renrenche that will include existing backer Didi Chuxing.
Apr 26, 2018Singulato sources series C funding
The Qihoo 360-backed electric vehicle developer is set to close a $474m round in May this year, according to its founder and CEO.
Apr 26, 2018Savari savours corporate participation in $12m round
The automotive sensor developer secured funding in an Aviva Ventures-led round that included SAIC Capital and Flex.
Apr 25, 2018SoftBank to move ride hailing assets to Vision Fund
SoftBank is planning to shift its stakes in Uber, Ola, 99, Grab and Didi Chuxing to its Vision Fund, adding more than $20bn of investments to its portfolio.
Apr 25, 2018Didi Chuxing considers IPO ride
The on-demand ride provider, which is backed by a host of corporates, could float as soon as this year with a valuation of $70bn to $80bn.
Apr 25, 2018Like Chuxing cruises to $20m
The car sharing initiative received the funding from investors including Legend Capital across two rounds that will soon be joined by a third.
Apr 24, 2018Thayer Ventures scores Grass as venture partner
Katherine Grass, global head of innovation for Amadeus Group and founder of its corporate venturing unit, has joined VC firm Thayer Ventures.
Apr 24, 2018Ola prepares to help Vogo shift gears
The scooter rental service is set to raise up to $7m in a round co-led by Ola, Stellaris Venture Partners and Matrix Partners India.
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