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$75 Million Raised in Series C Funding Round by Insurtech Startup Zopper
Insurtech platform Zopper, which is run by Solvy Tech Solutions, has raised $75 million from investors to fund its expansion plan. The funding round was led by Creaegis, which saw the participation from ICICI Venture and Bessemer Venture Partners, and existing backer Blume Ventures, according to the New Delhi-based company. The company’s cofounder Surjendu Kuila […]
Singaporean Multinational E-Commerce Company Shuts Down Operations In Four Latin Countries
According to multiple sources, Shopee has shut down local operations in four Latin countries, mainly Chile, Colombia, and Mexico, while leaving Argentina entirely. The Singapore-based company will maintain cross-border operations in the first three markets but cut most of its teams in the countries, affecting dozens of employees. However, this will not affect Brazil, where […]
Japan-based B2B platform JOSYS secures $32 Million Series A for its SaaS management platform
Josys, Japan headquartered B2B platform, has raised $32 Million in a Series A investing round. The round was led by Global Brain Corporation, ANRI, Yamauchi-No.10 Family Office, Office Holdings, World Innovation Lab, and other venture capital firms. The company, which spun off from its parent company Raksul last year, launched its automated management IT devices […]
One Championship Parent Company Re-Domiciles To The Cayman Islands As Company Mulls US IPO
Group One is changing its legal domicile from Singapore to the Cayman Islands as it prepares for a potential US Initial Public Offering (IPO). According to an unverified source that wishes to remain anonymous, the company plans to notify the Accounting and Corporate Regulatory Authority, the Singaporean regulator, as early as the 29th of August. […]
Indian Logistics Tech Platform Becomes India’s 106th Unicorn After Raising $33.5 Million
Logistic enablement platform Shiprocket raised $32.6 million in the latest funding round from returning investors. The funding round was co-led by Singapore’s Temasek and Lightrock India. The firm was valued at around $1.2 billion with a fresh round of funding, joining India’s exclusive club of unicorn companies. Other investors that also joined the round include […]