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Softbank Warns Of Longer Startup Winter Due To Unicorn Founders Unwilling To Cut Valuations
Softbank Group has recently reported a quarterly loss of more than $23 billion. The company said this net loss in the June quarter “was recorded mainly due to the monetization of investments in public portfolio…
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Xpressbees Raise $24.6 Million From Avendus’ Future Leaders Fund II
India-based Logistics unicorn Xpressbees has secured $24.6-million as a secondary investment from Avendus’ fund, Avendus Future Leaders Fund II. Before this latest development, Xpressbees’ parent company Busybees Logistics Solutions, reported a 33% growth in its…
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Malaysia-based TNG Digital Raises $168.3-Million From The Latest Equity Funding Round
Touch ‘n Go Group announced today that TNG Digital Sdn Bhd that the latest equity funding round has resulted in a fresh injection of RM750-million ($168.3-million) into TNG Digital. In a statement on Monday, TNG…
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Indian Fintech Startup OneCard Raises $100 Million In Funding, Attaining Unicorn Status
Indian fintech company OneCard has attained unicorn status after its latest funding round, which valued the company at a whopping $1.4-billion. This valuation makes the company India’s 104th member of the country’s club of unicorns. …
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Blockchain Unicorn Animoca Brands Raises US$75 Million At A $5.5 Billion Valuation
Hong Kong-based blockchain gaming firm Animoca Brands announced today that it had raised $75-million at a $5.5-billion valuation even as the markets suffer from the collapse in cryptocurrency prices. The latest funding round is Animoca’s…
