Investments

India’s Morning Grocery Service Milkbasket Eyes Profitability In 2020, Raises $5.5M
June 22, 2020

Online grocery delivery service Milkbasket has landed $5.5 million in venture capital in a round led by Inflection Point Ventures. That brings the funding pulled in by Milkbasket to over $33 million. Get the Full Story Complete the form to unlock this article and enjoy...

DraftKings To Sell More Shares in $1.6B IPO
June 19, 2020

While questions linger over the 2020 sports season, that hasn’t stopped DraftKings from upping its previously announced initial public offering (IPO) to 40 million shares of stock.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Palantir Notches $500M Ahead Of Potential IPO
June 19, 2020

In what is said to be one of the final investments prior to the trading of its shares publicly, Palantir Technologies Inc. notched $500 million in funding from Sompo Japan Nipponkoa Holdings Inc. The infusion reduces the need for the data firm, which Peter Thiel...

Investments
ID Verification Platform Payfone Raises $100M
June 19, 2020

ID verification firm Payfone has completed a $100 million funding round which the company says it will use for strengthening machine learning and building a new consortium to help secure digital transactions, the press release says. Get the Full Story Complete the form to unlock...

IPO
Albertsons Looks To Raise $1.51B In IPO On A $11.61B Valuation
June 18, 2020

Albertsons Cos., the nation’s second-largest supermarket chain, is preparing for an initial public offering (IPO), according to a U.S. Securities and Exchange Commission (SEC) filing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Eastern Bank Readying For IPO
June 18, 2020

Boston-based Eastern Bank, the nation’s largest mutual, is pushing ahead with plans to go public and shed its long-time format in a move that could raise nearly $2 billion, according to a press release. Get the Full Story Complete the form to unlock this article...

Investments
Saudi Oil Money To Help Power India’s Digital Revolution
June 18, 2020

Jio Platforms has reeled in another big investor, with Saudi Arabia’s sovereign wealth fund agreeing to pump $1.5 billion into India’s largest mobile commerce company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
DoorDash Raising $400M On $16B Valuation
June 18, 2020

DoorDash said it is raising roughly $400 million in Series H financing led by new investors Fidelity Management & Research Co. as well as Durable Capital Partners LP in addition to current investors, accounts and funds that T. Rowe Price Associates, Inc. advises. The financing...

Investments
FinTech Pagaya Notches $102M In Funding Round
June 17, 2020

Pagaya, a U.S. and Israeli FinTech collaboration, announced a Series D funding round in which it raised $102 million, according to a press release, bringing the company’s issuances to over $1 billion in the past year and a half, the Pagaya said on its website....