Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm, implying a valuation of $ 12.16 billion, surpassing the $ 10.7 billion post-money valuation at which Swiggy secured funding in early 2022. New York-based Baron Capital disclosed in new fillings that it has marked […]
2-year-old LatAm fintech Yuno reaches $150M valuation with backing from DST, Tiger, a16z
A couple of years ago, payments orchestration was a foreign term to many large companies Juan Pablo Ortega would speak to. Today, the Yuno co-founder and CEO doesn’t have to do as much explaining. “The perception has changed dramatically,” Ortega told TechCrunch. “Many large companies are now well aware of what payment orchestration is, and […]
Byju’s says $200 million rights issue that cuts valuation by 99% fully subscribed
Byju’s says its recently launched $ 200 million rights issue has been fully-subscribed, but the startup’s founder urged some of its major investors to participate amid a rift between the edtech group and some of its largest shareholders. The Bengaluru-headquartered startup, valued at $ 22 billion in its last financing round in early 2022, announced […]
Fidelity cuts Meta-backed Meesho valuation to $3.5 billion
Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $ 3.5 billion, adjusted for outstanding shares. The U.S. asset manager valued its holding in Meesho at $ 27.8 million at December’s end, down from the $ 41.9 million that […]
Byju’s seeks to raise $200 million in rights issue amid cash crunch, resets valuation
Byju’s, the world’s most valuable edtech startup, launched a rights issue on Monday, seeking to raise $ 200 million as the Indian firm works to address its working capital issues. The startup is resetting its valuation to “next to nothing” in the rights issue, where all existing investors have an opportunity to participate, according to […]