Indian e-commerce giant Flipkart has raised $3.6 billion from a new funding round to take its valuation to $37.6 billion. The new funding round of Flipkart was led by Singaporean sovereign fund – GIC, SoftBank Vision Fund 2, Canada Pension Plan Investment Board (CPP Investments), and retail giant Walmart. Sovereign funds DisruptAD, Khazanah Nasional Berhad, […]
Payoneer, an online payment startup, has agreed to merge with FTAC Olympus Acquisition (FTOC), a special purpose acquisition company, in a deal valuing the combined firm at around $3.3 billion. The combined company will continue to operate as Payoneer with a public listing in the US. FTAC Olympus Acquisition is led by banking entrepreneur Betsy […]
Online education platform Nerdy is set to become a publicly listed company via a $1.7 billion worth merger deal with TPG Pace Tech Opportunities, a special purpose acquisition company (SPAC). TPG Pace Tech Opportunities is a publicly-traded company owned by global alternative asset firm TPG. In its October 2020 initial public offering (IPO) TPG Pace […]