Month: December 2018

Indian food delivery service Swiggy raises $1B round led by Naspers, sources say at a $3.3B valuation; Swiggy was valued at $1.3B in June and $700M in February (Madhav Chanchani/The Economic Times)

Madhav Chanchani / The Economic Times: Indian food delivery service Swiggy raises $1B round led by Naspers, sources say at a $3.3B valuation; Swiggy was valued at $1.3B in June and $700M in February  —  With the current round, Swiggy has seen its valuation swell by close to 5 times this year.  The company was

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District court judge rules in BuzzFeed's favor in lawsuit from tech exec Aleksej Gubarev after publication of Steele dossier, citing the fair report privilege (Ashley Cullins/Hollywood Reporter)

Ashley Cullins / Hollywood Reporter: District court judge rules in BuzzFeed’s favor in lawsuit from tech exec Aleksej Gubarev after publication of Steele dossier, citing the fair report privilege  —  A day after ruling the outlet couldn’t evade a defamation claim by arguing the tech CEO who sued is a public figure … District court

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Beijing-based smart lock maker YunDing has raised $87M Series D led by Baidu Ventures, five months after raising ~$39.1M Series C (Juliet Shwe Gaung/DealStreetAsia)

Juliet Shwe Gaung / DealStreetAsia: Beijing-based smart lock maker YunDing has raised $87M Series D led by Baidu Ventures, five months after raising ~$39.1M Series C  —  China’s technology giant Baidu has led a RMB600 million ($87 million) follow-on investment round in Beijing-headquarter smart lock maker YunDing Network Technology. Beijing-based smart lock maker YunDing has

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Online lender Clearbanc says it has raised another $50M from Upper90, after raising $70M a month ago (Josh Constine/TechCrunch)

Josh Constine / TechCrunch: Online lender Clearbanc says it has raised another $50M from Upper90, after raising $70M a month ago  —  Clearbanc is disrupting startup funding by providing companies cash to buy ads in exchange for a revenue share so they don’t have to sell as much equity to venture capitalists. Online lender Clearbanc

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SoftBank Corp, the telecom unit of SoftBank Group, raised ~$23.5B in Japan's biggest-ever IPO but closed down 14.53% in its first day of trading (Kelly Olsen/CNBC)

Kelly Olsen / CNBC: SoftBank Corp, the telecom unit of SoftBank Group, raised ~$23.5B in Japan’s biggest-ever IPO but closed down 14.53% in its first day of trading  —  – Japan’s SoftBank Corp began trading Wednesday in Tokyo in Japan’s biggest-ever IPO and one of the largest the world has seen. SoftBank Corp, the telecom

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Facebook confirms Spotify, Netflix, Dropbox, and RBC had read/write/delete access for messaging integrations, says it was experimental and ended three years ago (Ime Archibong/Facebook)

Ime Archibong / Facebook: Facebook confirms Spotify, Netflix, Dropbox, and RBC had read/write/delete access for messaging integrations, says it was experimental and ended three years ago  —  In the past day, we’ve been accused of disclosing people’s private messages to partners without their knowledge. Facebook confirms Spotify, Netflix, Dropbox, and RBC had read/write/delete access for

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