Snapchat IPO On Its Way?
One report was a leak of the company’s presentation deck that showed Snapchat had generated over $360 million worth of revenue in 2016, above the its original $300 million to $350 million expectation and […]
Startups
Dubai’s Souq.com said to plan Stake Sale at $1.2 Billion Value
Dubai-based online retailer Souq.com, known as the Amazon of the Middle East, is planning to sell a stake of about 30 percent that would give the company a value of at least $1.2 billion, people […]
Finance News Startup Cheddar Raises $10M
Jon Steinberg’s news startup, Cheddar, has raised $10 million in funding as it looks to expand its live programming. Cheddar launched five months ago as the brainchild of Steinberg, a former BuzzFeed and Daily Mail […]
Online pharmacy startup PillPack is raising new venture capital funding
Online pharmacy startup PillPack is raising new venture capital funding at around a $330 million pre-money valuation, Fortune has learned. The Somerville, Mass.-based company on Tuesday disclosed via an SEC filing that it already has […]
Uber focuses on India after Didi deal
Uber says selling its Chinese business to Didi Chuxing will allow it to focus on the Indian market. Uber says it handles 5.5 million passenger trips weekly in 28 cities, up from 1.6 million per […]
Digital-payments startup Paytm is reportedly raising $300M
Indian digital-payments and e-commerce startup Paytm is raising $300 million in a funding round led by Taiwan’s MediaTek Inc. and other investors, more than doubling its valuation to $5 billion, a person with knowledge of […]
HTC invests $5 million in VR gaming startup Steel Wool Studios
HTC is continuing to invest heavily in building up the virtual reality ecosystem that it hopes to one day dominate. Steel Wool Studios, an Oakland-based gaming studio made up of Pixar veterans with a few decades of […]
Home-power monitor startup Sense Labs raised $14m
Sense Labs Inc. said Thursday that it has raised a new investment round of $14 million led by Shell Technology Ventures and Energy Impact Partners, a fund bankrolled by several American utilities. Sense Labs Inc., a […]
Imaging startup Micrima raised $3.45 million to detect breast cancer early
U.K-based Micrima, a startup that aims to image the breast better such that abnormal tissue can be detected earlier, announced Thursday that it has raised $3.45 million (2.6 million pounds) from investors to commercialize its CE-Marked radiowave breast […]
Laundry startup Washio shuts down
The on-demand laundry startup Washio is closing after reportedly failing to find a buyer. The company had raised $16.8 million from investors but had competition from other startups and faced a lawsuit over its use […]