Indian fintech platform PhonePe has secured an additional $100 million in funding at a $12 billion valuation, as part of the company’s target to raise up to $1 billion in capital. The latest funding, which follows the recent $350 million primary investment from General Atlantic, takes the total funding to $450 million. The new investment […]
American food tech company GrubMarket has bagged $200 million in a Series E funding round that has taken its valuation to more than $1.2 billion. The financing round saw the participation of Tiger Global Management, Liberty Street Funds, funds and accounts managed by BlackRock, Japan Post Capital, Apeira Capital, We Capital, Celtic House Asia Partners, […]
US-based self-driving truck startup Embark Trucks will merge with special purpose acquisition company (SPAC) Northern Genesis Acquisition Corp. II in order to become a publicly listed company. The deal values the enlarged Embark Trucks at approximately $4.55 billion. Post-merger, the self-driving truck startup will have a market capitalization of around $5.16 billion. The autonomous vehicle […]
Current Series C round : US challenger bank Current has raised $131 million in a Series C funding round led by new investor Tiger Global Management. The mobile bank, which is based in New York City, has raised more than $180 million in total funding to date, taking its valuation of $750 million. Current said […]
Restaurant industry news : Toast, a US restaurant management platform has raised new funding of $115 million through a Series D round, which it intends to use on speeding up its investment in research and development, hire new talent, and grow its market presence. Rowe Price Associates led the new funding round in the US […]