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  • One Championship Parent Company Re-Domiciles To The Cayman Islands As Company Mulls US IPO

    One Championship Parent Company Re-Domiciles To The Cayman Islands As Company Mulls US IPO

    yiyun
    August 31, 2022

    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…

  • Indian Logistics Tech Platform Becomes India’s 106th Unicorn After Raising $33.5 Million

    Indian Logistics Tech Platform Becomes India’s 106th Unicorn After Raising $33.5 Million

    yiyun
    August 24, 2022

    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…

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

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

    yiyun
    August 17, 2022

    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…

  • Softbank Warns Of Longer Startup Winter Due To Unicorn Founders Unwilling To Cut Valuations

    Softbank Warns Of Longer Startup Winter Due To Unicorn Founders Unwilling To Cut Valuations

    yiyun
    August 10, 2022

    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…

  • Xpressbees Raise $24.6 Million From Avendus’ Future Leaders Fund II

    Xpressbees Raise $24.6 Million From Avendus’ Future Leaders Fund II

    yiyun
    August 3, 2022

    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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