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India’s Cars24, a used-vehicle sales platform, raises $450M at a $1.84B valuation

The used car market is getting another major infusion of venture capital today, with one of the faster scaling startups out of India picking up a major round of financing to double down on growth: Cars24 — a site and app that sells users cars and used two-wheeled motorbikes — has raised $450 million, a Series F of $340 million and $110 million in debt. The investment values Cars24 at $1.84 billion post-money, the company said, making it one of the more valuable privately-held used car startups g...
Tags: TC, Transportation, Asia, Europe, UK, Mexico, India, Tech, Automotive, Malaysia, Tencent, Brazil, Uae, DST Global, Zipcar, Falcon Edge Capital


India’s Cars24, a used-vehicle marketplace, raises $450M at a $1.84B valuation

The used car market is getting another major infusion of venture capital today, with one of the faster scaling startups out of India picking up a major round of financing to double down on growth: Cars24 — a site and app that sells users cars and used two-wheeled motorbikes — has raised $450 million, a Series F of $340 million and $110 million in debt. The investment values Cars24 at $1.84 billion post-money, the company said, making it one of the more valuable privately-held used car startups g...
Tags: TC, Transportation, Asia, Europe, UK, Mexico, India, Tech, Automotive, Malaysia, Tencent, Brazil, Uae, DST Global, Zipcar, Falcon Edge Capital


SpotOn raises $300M at a $3.15B valuation and acquires Appetize

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just thr...
Tags: Fundings & Exits, Startups, Instagram, Finance, Funding, Los Angeles, San Francisco, Startup, Tech, SaaS, Venture Capital, M&a, Square, Mobile Web, Payments, Online Payments


China roundup: Tencent takes on sites trying to circumvent its age limits

Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The enforcement of China’s new gaming regulations is unfolding like a cat-and-mouse game, with the country’s internet giants and young players constantly trying to outsmart each other. Following Didi’s app ban, smaller ride-hailing apps are availing themselves of the potential market vacuum. Tencent and young gamers The Chines...
Tags: Amazon, TC, China, Tech, Beijing, Tencent, WeChat, DST Global, Weibo, Greenoaks Capital, Geely, Shein, Didi, Roblox, Cao Cao, China Roblox


South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation

Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 billion. (By the way, Danggeun means carrot in Korean.) This round of funding was led by DST Global, with additional participation from Aspex Management, Reverent Partners, and existing investors such as Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong Ventures, and Capstone Partners. The lat...
Tags: South Korea, Japan, UK, Toronto, Tech, Canada, Kim, DST Global, Goodwater Capital, DST, FSS, Eric Kim, Paul Kim, Manchester Birmingham, John Lindfors, Danggeun Market


Chilean fintech Xepelin secures $230M in debt and equity from Kaszek, high-profile angels

Chilean startup Xepelin , which has created a financial services platform for SMEs in Latin America, has secured $30 million in equity and $200 million in credit facilities. LatAm venture fund Kaszek Ventures led the equity portion of the financing, which also included participation from partners of DST Global and a slew of other firms and founders/angel investors. LatAm- and U.S.-based asset managers and hedge funds — including Chilean pension funds — provided the credit facilities. In ...
Tags: Mexico, Tech, Chile, Latin America, Clara, DST Global, Kaszek Ventures, SMEs, Kreis, Gilgamesh, Cathay Innovation, Hans Tung, Carlos Garcia, Nicolas Szekasy, Square Financial Services, Picus Capital


China Roundup: Kai-Fu Lee’s first Europe bet, WeRide buys a truck startup

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Despite the geopolitical headwinds for foreign tech firms to enter China, many companies, especially those that find a dependable partner, are still forging ahead. For this week’s roundup, I’m including a conversation I had with Prophesee, a French vision technology startup, which recently got funding from Kai-Fu Lee and Xiaomi,...
Tags: Apple, Amazon, Fundings & Exits, TC, Asia, Europe, Sweden, China, Funding, Tech, Smartphone, Smartphones, Artificial Intelligence, Paris, Xiaomi, Sony


Khosla Ventures leads Even’s $5M seed to give India the kind of healthcare their insurance doesn’t

The global pandemic highlighted inefficiencies and inconsistencies in healthcare systems around the world. Even co-founders Mayank Banerjee, Matilde Giglio and Alessandro Ialongo say nowhere is this more evident than in India, especially after the COVID death toll reached 4 million this week. The Bangalore-based company received a fresh cash infusion of $5 million in seed funding in a round led by Khosla Ventures, with participation from Founders Fund, Lachy Groom and a group of individuals incl...
Tags: Health, Startups, TC, Kaiser Permanente, India, Funding, Tech, Hospitals, United States, Venture Capital, Health Insurance, DST Global, Nikesh Arora, Khosla Ventures, Palo Alto Networks, Founders Fund


Colombian on-demand delivery startup Rappi raises ‘over’ $500M at a $5.25B valuation

Rappi, a Colombian on-demand delivery startup, has raised “over” $500 million at a $5.25 billion valuation in a Series G round led by T. Rowe Price, the company announced late Friday. Baillie Gifford, Third Point, Octahedron, GIC SoftBank, DST Global, Y Combinator, Andreessen Horowitz and Sequoia Capital and others also participated in the round. The new financing brings Rappi’s total raised since its 2015 inception to over $2 billion, according to Crunchbase . Today, the country has ope...
Tags: Fundings & Exits, Startups, Apps, Y Combinator, Feature, Softbank, Funding, Startup, Tech, Companies, Colombia, Venture Capital, Reddit, Silicon Valley, Websites, Andreessen Horowitz


Fintech startups in Europe raised $17 billion in 2021. See 14 of the pitch decks they used to land millions from VCs.

Marshmallow founders Alexander and Oliver Kent Braham raised $30 million earlier this year. Marshmallow Fintech and insurance startups in Europe have raised $17 billion in a record year for investment. Insider has reported extensively on both sectors as investor appetite soared. These pitch decks reveal how 14 different startups pitched their visions and products to investors. See more stories on Insider's business page. Financial services and insurance startups are the crown jewels of...
Tags: Startups, Spotify, Europe, UK, Germany, Softbank, US, Trends, Insurance, Venture Capital, Tencent, Goldman Sachs, Alan, Fintech, DST Global, Klarna


Europe's hottest fintech startups raised $17 billion in 2021. See 14 of the pitch decks they used to land millions from VCs

Marshmallow founders Alexander and Oliver Kent Braham raised $30 million earlier this year. Marshmallow Fintech and insurance startups in Europe have raised $17 billion in a record year for investment. Insider has reported extensively on both sectors as investor appetite soared. These pitch decks reveal how 14 different startups pitched their visions and products to investors. See more stories on Insider's business page. Financial services and insurance startups are the crown jewels of...
Tags: Startups, Spotify, Europe, UK, Germany, Softbank, US, Trends, Insurance, Venture Capital, Tencent, Goldman Sachs, Alan, Fintech, DST Global, Klarna


Indian social commerce DealShare raises $144 million, eyes international expansion

High-profile investors are doubling down on their bets to explore the future of social commerce in India. DealShare said on Thursday it has raised $144 million in a new financing round as it looks to expand its presence in the South Asian market and eye opportunities in international markets. The new financing round, a Series D, was led by Tiger Global and valued the Indian startup at $455 million (post-money), up from the . TechCrunch reported in April that the New York-based hedge fund was in...
Tags: Amazon, Ecommerce, Asia, New York, India, Softbank, Funding, Tech, Walmart, Tiger Global, Flipkart, Uae, DST Global, Falcon Edge Capital, Griffin Schroeder, Alteria Capital


Austin-based iFly.vc closes $46M second fund from legendary tech founders

To compete with the myriad venture capital firms in Silicon Valley, iFly.vc has a unique vantage point. Its founder Han Shen has straddled the United States and China for several decades. He was the first hire on the investment team of Formation 8, the VC firm co-founded by Palantir’s Joe Lonsdale. After iFly.vc backed Weee! in a Series A round in 2018, Shen arranged for the grocery startup to meet with China’s produce delivery leaders — two of which recently went public in the U.S. — to learn w...
Tags: Startups, TC, Asia, China, Funding, America, San Francisco, Austin, United States, Formation 8, Venture Capital, Tencent, Private Equity, Silicon Valley, North America, Blackstone


Vienna’s GoStudent raises $244M at a $1.7B valuation for its online tutor marketplace

Online teaching came into the spotlight for many students and parents in the last year, and today one of the companies that saw a big lift during that rush of activity is announcing a big round of funding to carry it into what has emerged as a more permanent change of habits for many learners. GoStudent, a marketplace where K-12 students (and their parents) can find and engage with one-to-one video-based tutors in a variety of subjects, has raised €205 million ($244 million), in a Series C round...
Tags: Europe, Education, Mexico, Softbank, Funding, Tech, Vienna, Canada, Edtech, Tutoring, DST Global, Online Education, Vienna Austria, DN Capital, Tutors, Vision Fund


Refyne raises $20.1 million to help workers in India get faster access to wages

A young Indian startup that is betting that earned wage access solutions will take off in the South Asian nation said on Wednesday it has closed a new round from high-profile investors. Bangalore-based Refyne said on Wednesday that it has raised $16 million in Series A from partners of DST Global and RTP Global. The one-year-old startup also disclosed that it raised a $4.1 million seed round in December from Jigsaw VC and QED Investors and XYZ Capital, all of whom also participated in the new ro...
Tags: Asia, Finance, India, Funding, Tech, DST Global, QED Investors, Bangalore, McDonald, South Asian, Sharma, Nigel Morris, Refyne, RTP Global, Earned Wage Access, Chitresh Sharma


Wayflyer raises $76M to provide ‘revenue-based’ financing to e-commerce merchants

Wayflyer , a revenue-based financing platform for e-commerce merchants, has raised $76 million in a Series A funding round led by Left Lane Capital. “Partners” of DST Global, QED Investors, Speedinvest and Zinal Growth — the family office of Guillaume Pousaz (founder of Checkout.com ) — also put money in the round. The raise comes just after Wayflyer raised $100 million in debt funding to support its cash advance product, and 14 months after the Dublin, Ireland-based startup launched ...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Adobe, Australia, Finance, Funding, Startup, Tech, Atlanta, Spain, E-commerce, Economy, United States, Ireland


SpotOn raises $125M in a16z-led Series D, triples valuation to $1.875B

Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days. Small businesses, including retailers and restaurants, were negatively impacted by lockdowns and the resulting closures. They had to adapt quickly to survive. If they didn’t use much technology before, they were suddenly being forced to, as so many things shifted to digital last year in response to the COVID-19 pandemic. For companies like SpotOn, it was a pivotal moment.  The startup, w...
Tags: Fundings & Exits, Startups, TC, Cloud, Mexico, Finance, San Francisco, Startup, Tech, E-commerce, Chicago, Mexico City, SaaS, Venture Capital, Poland, Square


LatAm-focused corporate spend startup Clara raises $30M months after its last round

This morning Clara announced that it closed a new, $30 million funding round and secured a $50 million revolving debt facility. The startup, which provides corporate cards to Mexican companies, raised funds earlier this year when it was busy launching its product. Since then, growth has proven rapid for the Mexico City-based company. TechCrunch learned that the company is valued around $130 million after this latest investment, according to sources familiar with its latest fundraising. The round...
Tags: Fundings & Exits, Startups, TC, Mexico, Tech, Mexico City, Brazil, Bill, General Catalyst, Clara, DST Global, ARR, RAMP, GTV, Monashees, Recent Funding


Commission-free trading app Stake secures $30M from Tiger Global to expand into Europe

Commission-free trading app Stake, which is available in UK, Brazil and New Zealand, has raised $30 million from Tiger Global and partners of London-based DST Global to expand into Europe. Matt Leibowitz, Founder and CEO, Stake said: “We’re really excited to get to this point but it’s just the start. We set out to change the game for retail investors and were self-funded for the first four years of our journey. We’ve proven the model and now have the chance to expand our product and bring our z...
Tags: TC, Europe, UK, London, Australia, Finance, US, Tech, Ceo, Companies, United States, United Kingdom, New Zealand, Brazil, Tiger Global, Stake


Super, an Indonesian hyperlocal social commerce startup, raises $28M led by SoftBank Ventures Asia

Super’s founding team on Mount Bromo in East Java In Indonesia, daily necessities often cost more in smaller cities and rural areas. Super co-founder and chief executive officer Steven Wongsoredjo said the price difference can vary from about 10% to 20% in Tier 2 and Tier 3 cities, to nearly 200% in eastern provinces. Super uses social commerce and a streamlined logistics chain to lower the cost of goods. The startup announced today it has raised an oversubscribed $28 million Series B led by ...
Tags: Fundings & Exits, Startups, TC, Asia, Indonesia, China, Southeast Asia, Softbank, Alibaba, DST Global, Jakarta, Social Commerce, Fmcg, Mount Bromo, Super, East Java


Clubhouse Is Now a $4 Billion Company

Clubhouse just announced it has closed its Series C funding round, which values the company at $4 billion. The round was led by the venture capital firm Andreessen Horowitz with investors Tiger Global and DST Global joining for the first time. Co-founder and CEO Paul Davidson confirmed the news in Sunday's town hall with users....
Tags: Media, Advertising, Andreessen Horowitz, Tiger Global, DST Global, Platforms, Billion Company, Paul Davidson


Clubhouse Closes Its Series C Funding

Clubhouse just announced it has closed its Series C funding. The round was led by the venture capital firm Andreessen Horowitz with new investors Tiger Global and DST Global joining the round. Co-founder and CEO Paul Davidson confirmed the news in Sunday's town hall with users, but did not immediately disclose the financials behind the...
Tags: Media, Advertising, Andreessen Horowitz, Tiger Global, DST Global, Platforms, Paul Davidson


The Station: Via makes a $100M acquisition and a chat with GM about battery tech

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox.  Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I changed things up this week to make room for an interview we had with Mike Lelli, senior manager of advanced battery cell technology over at GM. That means I don’t have the t...
Tags: TC, Transportation, London, Remix, Massachusetts, Israel, San Francisco, Tech, Ses, Mit, Automotive, Vw, Electric Vehicles, Gm, Volkswagen, General Catalyst


India’s CRED in talks to raise $200 million at $2 billion valuation

Bangalore’s fintech startup ecosystem is inching closer to delivering a new unicorn: CRED. Two-year-old CRED is in advanced stages of talks to raise about $200 million at about $2 billion valuation, three sources familiar with the matter told TechCrunch. The new funding round, , will be largely financed by existing investors, the sources said, requesting anonymity as talks are private. The round is expected to close within a month, one of them said. CRED, founded by Kunal Shah, has become one o...
Tags: Asia, India, Funding, Tech, Bank Of America, Payments, Tiger Global, General Catalyst, DST Global, Bangalore, Shah, Kunal Shah, Ribbit Capital, Sequoia Capital India, Cred, Harshil Mathur


Twitter's surprise counterattack to hold politicians accountable

Hello, and welcome to this week's edition of the Insider Tech newsletter, where we break down the biggest news in tech.Wait, this is Saturday, you say. Doesn't this newsletter come out on Wednesdays? Not anymore. We're changing things up and moving to weekends, so you can have more time to enjoy all the great articles with your morning coffee - including:Twitter's surprise counterattack against the Texas AG. Ex-Uber CEO Travis Kalanick is at war again.How Mark Zuckerberg's b...
Tags: Apple, Amazon, Startups, Mark Zuckerberg, Twitter, Europe, Texas, Enterprise, Microsoft, Obama, Iraq, America, Newsletter, Trends, Getty Images, Sony


Zego, the tech-enabled commercial motor insurer, raises $150M at $1.1B valuation

Zego, the insurtech that got its start by offering flexible motorbike insurance for gig economy workers but has since expanded with a range of tech-enabled commercial motor insurance products, has raised $150 million. Leading the London-based company’s C round — giving it a $1.1 billion valuation and a unicorn status — is DST Global. Other new backers include General Catalyst, whose founder and MD, Joel Cutler, joins Zego’s board. Notably, I’m told all existing investors followed on, including W...
Tags: Fundings & Exits, Startups, TC, Europe, London, Tech, General Catalyst, DST Global, Sten, Auto Insurance, Tom Stafford, Insurtech, Joel Cutler, Dott, Zego, Sten Saar


Brex applies for bank charter, taps former Silicon Valley Bank exec as CEO of Brex Bank

Brex is the latest fintech to apply for a bank charter. The fast-growing company, which sells a credit card tailored for startups with Emigrant Bank currently acting as the issuer, announced Friday that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Brex Bank. The industrial bank will be located in Draper, Utah, and be a wholly owned subsidiary of Brex. The company has tapped former Sil...
Tags: San Francisco, Tech, Peter Thiel, Nba, Max Levchin, DST Global, Shopify, Silicon Valley Bank, FDIC, Draper Utah, Federal Deposit Insurance Corporation FDIC, SVB, Silicon Valley Bank SVB, Bruce Wallace, Emigrant Bank, Brex


01 Advisors, the venture firm of Dick Costolo and Adam Bain, has closed fund two with $325 million

Dick Costolo and Adam Bain, renowned early Twitter execs who served as company’s CEO and its chief operating officer, respectively, have quietly closed a second venture fund just one-and-a-half years after disclosing they’d secured $135 million for a debut fund under their firm, 01 Advisors. According to an SEC filing, they wrapped up their second fund late last week with $325 million in capital commitments from 81 investors. We’ve reached out to the firm and hope to share more soon. In the mean...
Tags: TC, Twitter, Dick Costolo, Israel, San Francisco, Tech, Virgin Galactic, Venture Capital, SEC, DST Global, Bain, Felicis Ventures, Adam Bain, Browns, SPAC, Kovacs


A schoolteacher from California wiped out $70,000 in savings trading on Robinhood. Here's his message to first-time investors.

Hello everyone! Welcome to this weekly roundup of stories from Insider from Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.Read on for a first person account of an addiction to Robinhood, drama in the venture capital world, and the coronavirus sticking around forever.Read time: 6 minutes. iStock; John Moore/Getty; Skye Gould/Insider Hello!Latest: The Senate on Saturday acquitted Donald Trump after an impeachment trial over the Ca...
Tags: Amazon, New York, California, Senate, San Francisco, Trends, Markets, Tesla, Joe Biden, Netflix, Hawaii, Reddit, Donald Trump, Robinhood, DST Global, Gamestop


Wall Street intern recruiting heats up - Top 20 M&A bankers - PayPal's crypto future

CHICAGO - OCTOBER 14: Traders watch prices in the Dow Jones Industrial Average stock index futures pit on the CME Group trading floor October 14, 2009 in Chicago, Illinois. Today the Dow closed above 10,000 for the first time in a year and seven months after it hit a 12-year low of 6,547.05 on March 9. (Photo by Scott Olson/Getty Images) Scott Olson/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:The process for nabbing a ...
Tags: Australia, Washington, America, Trends, Paypal, Chicago, Reddit, Jeff Bezos, North America, Robinhood, Dow Jones, DST Global, Gamestop, SPAC, CME Group, Chicago Illinois