Posts Tagged ‘unicorn’

India’s newest unicorn is disrupting a 200-year-old industry

A 10-year-old Gurugram-based online insurance aggregator PolicyBazaar has joined the growing list of Indian unicorns. The company said it had raised over $200 million (Rs1,330 crore) in a funding round led by Softbank, with participation from existing investors, including InfoEdge, which operates job site Naukri.com. PolicyBazaar aggregates insurance plans and serves as a marketplace for policies. It […]

More Chinese unicorns prefer to raise capital in Hong Kong than any other market, survey shows

Four out of every 10 so-called unicorns identified Hong Kong as the preferred market for an IPO, according to a PricewaterhouseCooper survey of 101 of these companies, each with at least US$1 billion in valuation. US stock markets come in second at 25 per cent, followed by China’s yuan-denominated A-share market in third place with 23 […]

Swiggy enters unicorn club, raises $210 million from DST Global, Naspers

Food delivery continues to determine the flow of big capital in India’s startup ecosystem with Swiggy being the latest to join the race. The food delivery startup has raised $210 million in its latest round of funding with Russian billionaire Yuri Milner’s DST Global and existing backer Naspers leading a $210 million round in the […]

China is winning the global tech race

Cast your eyes down the list of the world’s most valuable private technology companies and you might be put in mind of the 2008 Beijing Olympics. That’s when China ran away with most of the gold medals — even though the west focused on the accomplishments of the US swimmer Michael Phelps. The same trend […]

Ant Financial Invests $321M In Hellobike At $1.47 Billion, Creating A New Unicorn In China

Alibaba’s financial services unit Ant Financial has invested RMB2.06 billion (US$321 million) in bike sharing firm Hellobike, valuing the latter at US$1.47 billion and giving birth to a new unicorn company in China. For Alibaba, the investment is more for strategic considerations as bike sharing provides an important high-frequency interaction with consumers who uses mobile […]

Estonian-based Uber rival, Taxify, reaches Unicorn status

Estonian startup and Uber rival, Taxify, has raised €151 million and is also looking to further expand it’s already global business. Taxify is now an official unicorn, valued at $1 billion. The startup was co-founded by 19-year-old CEO Markus Villig in Estonia in 2013 and has since grown into a worldwide transport app that covers […]

FinTech firm becomes unicorn after $250m round

Tradeshift, a cloud-based business network for supply chain payments and marketplaces, is raising $250 million in a funding round led by Goldman Sachs and PSP Investments. The global FinTech firm, which operates from 15 global offices including a UK base in London, says the new round of financing pushes its valuation to $1.1 billion. Tradeshift enables […]

Here Is Where CEOs Of Heavily Funded Startups Went To School

Crunchbase News looked at CEOs of U.S. companies funded in the past three years that have raised at least $100 million in total venture financing. The intent was to see whether educational backgrounds of unicorn and near-unicorn leaders differ markedly from the broad startup CEO population. The analysis showed that most CEOs of well-funded startups do […]

London-based fintech unicorn Revolut adds the Cryptocurrencies Bitcoin Cash and XRP to its app

In December 2017, Revolut launched a feature that allows its 1.8 million customers to buy, hold and sell cryptocurrencies instantly from within the app. In addition to Bitcoin, Litecoin and Ethereum, Revolut has today added XRP and Bitcoin Cash to its list of growing cryptocurrencies. The addition of XRP and Bitcoin Cash stems from overwhelming demand from the […]

OMA Among Winners of Competition for Unicorn Island Masterplan in China

OMA has been announced as one of four firms to win an international competition for the design of Unicorn Island in Chengdu, an “innovative masterplan specifically designed for New Economy companies.” As China moves from a production-orientated economy to a knowledge and service-based economy, the masterplan seeks to provide a variety of working and living […]