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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 […]

Chinese Firm Raises $110 Million In A Funding Round Led By SoftBank And Sequoia

China-headquartered e-commerce SaaS platform Dianxiaomi has raised $110-million in Series D funding led by SoftBank Vision Fund 2 and Sequoia China. The funding round also participation from Tiger Global Management, GGV Capital, and Huaxing Growth Capital.  The Series D funding brings the company’s total funding for the year 2022 to $210-million. The company plans to […]

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 companies.” As a result, this may cause a longer funding winter for startups.  Masayoshi Son, the founder and chief executive […]

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 operating revenue and narrowed the company’s losses by 36% in the financial year 2020-2021.  Amitava Saha, the founder of Xpressbee […]
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