Uber employees are taking advantage of the rare opportunity to convert their paper shares of Uber into cold, hard cash as SoftBank, the Japanese technology giant, buys 17 percent of the ride-hailing app’s outstanding shares. Get the Full Story Complete the form to unlock this...
India’s biggest online supermarket Bigbasket is about to get even bigger. Chinese eCommerce giant Alibaba Group Holding Ltd. has said it will invest $200 million in the company, leading a $280 million funding round and garnering Alibaba a 25 percent stake in the startup. Get...
Leading digital money transfer service WorldRemit has raised $40 million to drive its next phase of growth, bringing its total amount raised to $220 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Ofo, the Chinese bicycle sharing company, has raised $1 billion or more from Alibaba, the Chinese eCommerce giant, and other investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Nine years is a long time for anything to run — a TV show, your car, a bowling league — especially so the bull market that has stretched into the present day. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Affirm Inc., an online lender, is reportedly in late-stage talks to land a new round of financing that would propel it to unicorn startup status. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Atomico, the European venture capital firm, said in a report on Thursday (Nov. 30) that over the course of the past few years, close to half of the money that went into initial coin offerings (ICOs) has come from European investors. Get the Full Story...
Froth. 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 newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS...
Uber’s valuation may be looking at a haircut — Japan’s SoftBank is officially offering to purchase shares of the firm at a $48 billion valuation. That is a 30 percent discount off of Uber’s most recent valuation of $68.5 billion, a person familiar with the matter...
