Posts filtered by tags: GIC[x]


 

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


Singapore's Sovereign Fund Invests $1 Billion in Grifols's U.S. Unit

MADRID (Reuters) - Singapore's wealth fund GIC agreed to invest around 1 billion dollars in Biomat, a U.S.-based plasma collection company owned by...
Tags: Singapore, Madrid, Reuters Singapore, GIC, Grifols, Biomat


U.S. Data Firm Equinix Clinches New JV Deals With Singapore's GIC

(Reuters) - U.S.-based data centre firm Equinix Inc on Monday said it had signed agreements for additional joint ventures with Singapore's...
Tags: Singapore, Reuters U S, GIC, Equinix Inc, U S Data Firm Equinix


Summit Hotel Properties To Acquire Residence Inn By Marriott Steamboat Springs For $33 Million

Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it has entered into a definitive agreement to acquire the 110-guestroom Residence Inn by Marriott Steamboat Springs for $33.0 million through its joint venture with GIC. Opened in December 2020, the newly built Residence Inn by Marriott Steamboat Springs is ideally located in close proximity to the base of Mount Werner and Gondola Square, biking and hiking trails, downtown Steamboat Springs, restaurants, shoppi...
Tags: Travel, Marriott, Steamboat Springs, Residence Inn, GIC, Summit Hotel Properties Inc NYSE, Marriott Steamboat Springs, Mount Werner, Gondola Square


Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds - Bloomberg

Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds - Bloomberg Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment ...
Tags: Travel, Japan, Singapore, India, Softbank, Walmart, Bloomberg, Flipkart, SoftBank Group Corp, GIC, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Walmart Inc, Bloomberg Flipkart, GIC Pte Canada Pension Plan Investment Board


Locus raises $50 million for its logistics management business

Locus, a startup that uses AI to help businesses map out their logistics, said on Wednesday it has raised $50 million in a new financing round as it looks to expand its presence. The new round, a Series C, was led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures and existing investors Tiger Global Management and Falcon Edge also participated in the round, which brings the startup’s to-date raise to $79 million. The new round valued the startup, which was founded in India, at about $30...
Tags: TC, Asia, Singapore, India, Funding, Tech, North America, Logistics, Tiger Global, South Asia, Sap, Qualcomm Ventures, GIC, Qualcomm Technologies, Rastogi, Locus


Indian logistics giant Delhivery raises $277 million ahead of IPO

Delhivery, India’s largest independent e-commerce logistics startup, has raised $277 million in what is expected to be the final funding round before the firm files for an IPO later this year. In a regulatory filing, the Gurgaon-headquartered startup disclosed it had raised $277 million in a round led by Boston-headquartered investment firm Fidelity. Singapore’s sovereign wealth fund GIC, Abu Dhabi’s Chimera, and UK’s Baillie Gifford also participated in the new round, a name of which the startu...
Tags: Asia, UK, Ipo, Boston, India, Softbank, Funding, Tech, Fidelity, Logistics, Tiger Global, Tiger Global Management, Gurgaon, Steadview Capital, Baillie Gifford, Times Internet


ESR, GIC to Buy Australian Logistics Property Portfolio From Blackstone for $2.9 Billion

HONG KONG (Reuters) - Logistics real estate manager ESR Cayman Limited said it will join with Singaporean sovereign wealth fund GIC to buy an...
Tags: Hong Kong, Blackstone, GIC, Reuters Logistics, ESR Cayman Limited, ESR GIC


India’s Razorpay raises funds at $3 billion valuation ahead of Southeast Asia launch

Six-year-old Bangalore-based fintech Razorpay topped a $1 billion valuation late last year, becoming the first Y Combinator-backed Indian startup to reach the much sought after unicorn status. In less than six months since, the Indian startup has tripled its valuation and is preparing to launch in the Southeast Asian markets. Razorpay said on Monday it has raised $160 million in its Series E financing round that valued the startup at $3 billion, up from “a little over” $1 billion valuation in th...
Tags: Facebook, Asia, Finance, Southeast Asia, Singapore, India, Softbank, Funding, Tech, Stripe, Mathur, Airtel, Bangalore, Swiggy, Southeast Asian, GIC


Singapore Wealth Fund Buys 2.5% Stake in Cellnex From Benetton Family

MADRID (Reuters) - Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe's largest mobile phone towers operator Cellnex from Edizione,...
Tags: Europe, Madrid, Reuters Singapore, GIC, Benetton Family


GIC Scale-I Officer Vacancy Recruitment 2021

Assistant Manager Officer Vacancy Recruitment in GIC Re 2021 GIC Re, the 'National Reinsurer of India' is s looking for Graduates / Post Graduates in various disciplines to fill-in the positions of 44 Officersin the cadre of Assistant Manager (Scale-I) to be posted in Head Office, Mumbai and will be liable to be posted anywhere in India as well as abroad. Online Applications in the prescribed format are invited for the recruitment of the following 44 Govt. Jobs vacancy posts of ... Please Click...
Tags: Legal, Jobs, Law, India, Insurance, Manager, Mumbai, Officer, GIC, Manisha, CA-ICWA-Finance, Public-Sector, Specialist, HotJob


Biggest Wealth Funds See Lower Returns on Death of 60/40 Investment Portfolio - Bloomberg video

Biggest Wealth Funds See Lower Returns on Death of 60/40 Investment Portfolio - Bloomberg Two of the world’s largest sovereign wealth funds say investors should expect much lower returns going forward in part because the typical balanced portfolio of 60/40 stocks and bonds no longer works as well in the current rate environment.Singapore’s GIC Pte and Australia’s Future Fund said global investors have relied on the bond market to simultaneously juice returns for decades, while adding a buffer ...
Tags: Travel, Australia, Singapore, Bloomberg, GIC, Rupert Neil Bumfrey, GIC Pte, Lim Chow Kiat


Crypto company Anchorage raises $80 million after getting federal banking charter

Anchorage has raised an $80 million Series C funding round led by GIC, also known as Singapore’s sovereign wealth fund. Andreessen Horowitz, Blockchain Capital, Lux and Indico are also participating in today’s funding round. The thinking behind this funding round is quite simple. Some companies, such as Tesla or Square, have recently chosen to invest in cryptocurrencies. They’re converting a small portion of their cash balance into cryptocurrencies. Some investors choose to invest in companies t...
Tags: Fundings & Exits, Startups, Singapore, Tech, Cryptocurrency, Blockchain, Anchorage, GIC, Anchorage Tesla, Andreessen Horowitz Blockchain Capital Lux, Tesla or Square, Interestingly Anchorage


Europe Hotel Transactions Bulletin - Week Ending 19 February 2021

Archer Capital, APG and GIC acquire future Madrid Edition for €205 million
Tags: Travel, Europe, GIC, Archer Capital APG, Madrid Edition


Affirm extends its 2-day post-IPO surge to 160%

Affirm Affirm continued its post-IPO winning streak on Thursday. The stock has now surged as much as 160% in just two days of public trading. The online installment loan provider recently , selling 24.6 million shares for $49 each. Since Affirm's founding, more than 6 million consumers have used the online lender to pay overtime. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Affirm extended its two-day post-IPO streak on Thursday as shares surged 31% at intrad...
Tags: Trends, Markets, Peter Thiel, SEC, Stocks, Stock Market, Nasdaq, Max Levchin, Affirm, Movers, Spark Capital, GIC, Levchin, Tech Stocks, Mover, Stock Mover


Motive Financial Review

What Is Motive Financial Bank? Motive Financial, which is under the Canadian Western Bank, is one of Canada’s best known online banks. They offer chequing, savings, RRSP, TFSA, and GIC accounts. Since Motive Financial has no brick and mortar physical locations, they are able to cut down on overhead costs and offer clients some pretty…The post Motive Financial Review appeared first on Million Dollar Journey.
Tags: Marketing, Banking, Product Reviews, Canada, GIC, General Finance, Motive Financial Review, Motive Financial Bank, Motive Financial, Western Bank, Since Motive Financial


If you didn’t make $1B this week, you are not doing VC right

The only thing more rare than a unicorn is an exited unicorn. At TechCrunch, we cover a lot of startup financings, but we rarely get the opportunity to cover exits. This week was an exception though, as it was exitpalooza as Affirm, Roblox, Airbnb, and Wish all filed to go public. With DoorDash’s IPO filing last week, this is upwards of $100 billion in potential float heading to the public markets as we make our way to the end of a tumultuous 2020. All those exits raise a simple question – who m...
Tags: Ipo, Singapore, Tech, SEC, Airbnb, Max Levchin, Cto, GIC, Levchin, Tony Xu, Sheng, Joe Gebbia, Peter Szulczewski, Szulczewski, Roblox, Evan Moore


Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


Former WeWork China exec launches a ‘startup studio’ for real estate

The real estate industry has been slow to adopt technology compared to many other sectors. So when Dominic Penaloza left his job at WeWork China as the head of innovation and technology this spring, he decided to focus on proptech in Asia. Instead of building a startup himself or investing in one, Penaloza combines both objectives by launching a “startup studio” called REinvent (“RE” short for “real estate”). The industry jargon refers to an organization that builds startups with an in-house tea...
Tags: Asia, Japan, Real Estate, China, Southeast Asia, Singapore, Tech, Asia Pacific, Starbucks, WeWork, GIC, Lazada, Jumia, Penaloza, WeWork China, Shanghai Taipei


The VC and founder winners of DoorDash’s IPO

After years of rumors and high-flying headlines, we finally have the S-1 for DoorDash. Alex has covered the primary details, but I figured it would be good to dive in so we can see who is raking in the returns on the country’s delivery startup champion. DoorDash’s filing indicates that the company raised a combined $2.485 billion in capital across a seed round and eight rounds Series A-H. The three VC firms with the largest holdings noted in the filing were the SoftBank Vision Fund, Sequoia a...
Tags: Finance, Singapore, Tech, Venture Capital, Alex, Khosla, Cto, Sequoia, Doordash, GIC, Tony Xu, Vision Fund, Evan Moore, Stanley Tang, Andy Fang, SoftBank Vision Fund Sequoia


Vimeo raises $150M, while IAC is ‘contemplating’ a spin-off

Vimeo has raised $150 million in new equity funding, announced in conjunction with the third quarter earnings of its parent company IAC. In a letter to shareholders, IAC CEO Joey Levin said the company has “begun contemplating spinning Vimeo off to our shareholders.” “Given Vimeo’s success, and investor adulation for the Software-as-a-Service (SaaS) category generally, we expect Vimeo’s access to capital inside of IAC will be much more expensive than access to capital outside of IAC, and t...
Tags: TC, Enterprise, Media, Tech, Vimeo, IAC, Siemens, Thrive Capital, Match Group, Levin, EBITDA, GIC, SVOD, Joey Levin, Anjali Sud, Given Vimeo


Saudi sovereign fund PIF to invest ₹9,555 crore in Reliance Retail

Reliance Industries announced on Thursday that the Public Investment Fund (PIF) of Saudi Arabia will invest ₹ 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04% into Reliance Retail Ventures (RRVL). With this investment RRVL is valued at ₹4.587 lakh crore (~US$62.4 billion). The investment in RRVL follows PIF’s earlier acquisition of a 2.32% stake in Jio Platforms for ₹11,367 crore. Other global funds like General Atlantic, Silver Lake, TPG Capital, Mubadala, the Abu Dhabi Inv...
Tags: Travel, Amazon, News, Saudi Arabia, Singapore, Pif, Reliance, Reliance Industries, GIC, Jio, Big Bazaar, Reliance Retail, Future Group, Ambani, Abu Dhabi Investment Authority, Public Investment Fund


ADNOC pipeline investor Galaxy starts marketing three-part bonds - document | Reuters

ADNOC pipeline investor Galaxy starts marketing three-part bonds - document | Reuters Galaxy Pipeline Assets, owned by a consortium of investors that took a stake in Abu Dhabi ADNOC’s gas pipeline assets, started marketing a three-part dollar bond on Tuesday, a document showed.The amortizing bonds are split into three tranches ranging from seven and a half to 20 years, according to the document issued by one of the banks leading the deal and seen by Reuters. They are being marketed with initial ...
Tags: Travel, Reuters, GIC, ADNOC, Rupert Neil Bumfrey, SNAM, Abu Dhabi Adnoc, Brookfield Singapore, Reuters Galaxy Pipeline Assets


Reliance, Future Group ignore Amazon protest on $3.4B deal

Reliance Retail, India’s largest retail chain, said on Sunday evening that its proposed deal to acquire Future Group’s assets for a whopping $3.4 billion — against which Amazon has filed a legal proceeding — is fully enforceable under the Indian law and it intends to complete the deal “without any delay.” Mukesh Ambani’s firm issued the statement after Amazon won an emergency order from a Singapore arbitration court earlier on Sunday to temporarily halt the proposed sale between the two I...
Tags: Google, Amazon, Facebook, Ecommerce, Asia, Singapore, India, Tech, Walmart, Bloomberg, Atlantic, Flipkart, Reliance Industries, GIC, Myntra, Reliance Retail


Reliance says its $3.4 billion deal with Future Group ‘fully enforceable under Indian law’ despite Amazon winning an arbitration order

Reliance Retail, India’s largest retail chain, said on Sunday evening that its proposed deal to acquire Future Group’s assets for $3.4 billion — against which Amazon has filed a legal proceeding — is fully enforceable under the Indian law and it intends to complete the deal “without any delay.” Mukesh Ambani’s firm issued the statement after Amazon won an emergency order from a Singapore arbitration panel to temporarily halt the proposed sale between the two Indian retail giants. The Am...
Tags: Google, Amazon, Facebook, Ecommerce, Asia, Singapore, India, Tech, Walmart, Bloomberg, Atlantic, Flipkart, Reliance, Reliance Industries, GIC, Myntra


Reliance says its $3.4B deal with Future Group ‘fully enforceable under Indian law’ despite Amazon winning an arbitration order

Reliance Retail, India’s largest retail chain, said on Sunday evening that its proposed deal to acquire Future Group’s assets for a whopping $3.4 billion — against which Amazon has filed a legal proceeding — is fully enforceable under the Indian law and it intends to complete the deal “without any delay.” Mukesh Ambani’s firm issued the statement after Amazon won an emergency order from a Singapore arbitration court earlier on Sunday to temporarily halt the proposed sale between the two I...
Tags: Google, Amazon, Facebook, Ecommerce, Asia, Singapore, India, Tech, Walmart, Bloomberg, Atlantic, Flipkart, Reliance, Reliance Industries, GIC, Myntra


ADNOC pipeline investor Galaxy mandates banks for planned bond sales - document | Reuters

ADNOC pipeline investor Galaxy mandates banks for planned bond sales - document | ReutersGalaxy Pipeline Assets, which is owned by a consortium of investors that took a stake in ADNOC’s gas pipeline assets, has mandated banks for sale of triple-tranche dollar bonds, a document showed.Galaxy has mandated Citigroup and HSBC as global coordinators, while BNP Paribas, First Abu Dhabi Bank, Mizuho, MUFG and Standard Chartered Bank will be joint bookrunners to organise fixed-income investor calls acro...
Tags: Travel, Hsbc, Middle East, Citigroup, Reuters, Standard Chartered Bank, GIC, ADNOC, Rupert Neil Bumfrey, United States Europe Asia, SNAM, ReutersGalaxy Pipeline Assets, BNP Paribas First Abu Dhabi Bank Mizuho MUFG, Brookfield Singapore


Razorpay raises US$100 million funding from existing investors, GIC

Razorpay has raised US$100 million in Series D funding from existing investors and Singaporean sovereign fund GIC. The company announced the investment in a blog post on Monday. Razorpay is a payment gateway company that also operates RazorpayX, a banking product suite for automating finance-related aspects of businesses. Entrackr had reported in September that the company was in talks for getting up to US$150 million in funding. “The funding also comes with a major milestone of Razorpay becomin...
Tags: Travel, Google, News, Investments, India, US, Payments, UPI, GIC, Bajaj Finance, RazorPay, Bandhan Bank, Shashank Kumar, Jio Hotstar Wikipedia Facebook, Reliance Retail Razorpay


India’s Razorpay becomes unicorn after new $100 million funding round

Bangalore-headquartered Razorpay, one of the handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $100 million in a new financing round, the payments processing startup said on Monday. The new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GIC, and Sequoia India, the six-year-old Indian startup said. The new round valued the startup at “a little more than $1 billion,” co-...
Tags: Asia, Finance, Singapore, India, Funding, Tech, Zomato, Sequoia Capital, Mathur, Airtel, UPI, Bangalore, Truecaller, Swiggy, GIC, Oyo


Amazon sends legal notice to India’s Future Group over deal with Ambani’s Reliance Retail

Amazon has sent a legal notice to Future Retail, India’s second largest retail chain, for breaching the terms of its contract by selling a significant portion of the business to Ambani’s Reliance Retail. Future Group announced in late August that it was selling its retail and wholesale business, as well as its logistics and warehousing business to Reliance Retail for $3.4 billion. But before Reliance Retail came into the picture, Future Group and Amazon also had a deal. Last year, Ama...
Tags: Google, Amazon, Asia, India, Tech, Bloomberg, Atlantic, Amazon India, GIC, Flipkart Amazon, Reliance Retail, Mukesh Ambani, Future Group, Ambani, Jio Platforms, Reliance Retail India