With a new funding round that could bring its valuation to more than $1 billion, ClassPass, backed by Alphabet Inc. and Temasek, is aiming to raise $285 million. As part of the funding round, the fitness firm will issue 22.7 million series E shares per a securities filing Reuters received...
Initial public offerings (IPOs) in India during 2019 have dropped to a four-year low as the Southeast Asian country’s economy cools, according to Reuters. Analysts anticipate additional government reforms in 2020 could help improve stock markets, however. Get the Full Story Complete the form to unlock...
Chinese eCommerce behemoth Alibaba is supporting the Indian logistics startup XpressBees with a $10 million investment, DealStreetAsia reported Thursday (Dec. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Electric vehicle (EV) startup Rivian confirmed on Monday (Dec. 23) that it closed a successful funding round at $1.3 billion. The lead investor was T. Rowe Price, but included existing investors Amazon and Ford, according to Reuters. Get the Full Story Complete the form to...
A Mexican food chain in the U.K. called Chilango turned to an unlikely source to fund expansion recently: its customers. The chain promised returns of 8 percent a year and free food for life, according to a report by the Financial Times. Get the Full...
An artificial intelligence (AI)-powered travel bot called Eddy Travels has raised about $500,000 in a pre-Seed funding round, according to reports. The funding round was led by Techstars Toronto, Open Circle Capital from Lithuania, Practica Capital, and angel investors from North America and Europe. Get...
The leaders behind Klarna, Minecraft and Candy Crush Saga are joining other startup founders and H&M’s founding Persson family to fund firms that are trying to solve the world’s biggest problems, the Financial Times (FT) reported Monday (Dec. 23). Get the Full Story Complete the...
Uber co-founder and former CEO Travis Kalanick is exiting his stake in the popular ridesharing company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
With an investment that reportedly tops off a record year for the company, Ripple announced that it notched $200 million in Series C funding. The investment also continues to prove blockchain’s value in enhancing global payments as well as XRP’s and XRP Ledger’s wider utility,...
