Payments giant Stripe has delayed going public for so long that its major investor Sequoia Capital is getting creative to offer returns to its limited partners. The venture firm emailed LPs in funds raised between 2009 and 2011with an offer to buy up to $ 861 million worth of shares in Stripe, Axios reported. Sequoia […]
Reliance may list Jio at $112 billion valuation next year, Jefferies says
Reliance Industries, India’s most valuable company, may consider spinning off its telecom arm Jio for a public listing as early as 2025, Jefferies said in a research note, with investors favouring this route over an initial public offering. The move follows Jio’s recent focus on monetisation and market share gains, signaled by its leading role […]
AI startup Hebbia raised $130M at a $700M valuation on $13 million of profitable revenue
Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $ 130 million Series B at a roughly $ 700 million valuation led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures and Peter Thiel. And its funding demonstrates that 50x annual recurring revenue (ARR) […]
Creatio raises $200M at a $1.2B valuation for its no-code CRM and workflow platform
Creatio, the no-code CRM and workflow automation platform, on Wednesday announced that it has raised a $ 200 million funding round led by Sapphire Ventures. StepStone Group and current investors Volition Capital and Horizon Capital also participated in this round. “The problem we’re solving is addressing the need of knowledge workers,” Creatio co-founder and CEO […]
Language learning app Speak nets $20M, doubles valuation
AI-powered language learning app Speak is on a tear. Since launching in its inaugural market of South Korea in 2019, Speak has grown to over 10 million users, CEO and co-founder Connor Zwick told TechCrunch. Its user base has doubled every year for the last five years, and Speak now has customers in more than 40 […]