Elon Musk and key institutional investors will probably tighten their control over electric car maker Tesla Motors Inc after it acquires sister company SolarCity Inc, a Reuters analysis shows. Musk, who is chief executive of Tesla and chairman of SolarCity, will remain the largest individual shareholder, boosting his stake from… Read more »
By Shiwen Yap
The deal reflects growing interest in fintech among Japanese institutions.
Souq.com, which sells consumer electronics, fashion and household goods among others, said investors participating in the funding round included Tiger Global Management, Naspers, Standard Chartered Private Equity, International Finance Corporation and Baillie Gifford.
Seven international investors – Khazanah, Yahoo! Japan, Sequoia Capital, Baillie Gifford investment house, London-based Artemis Ventures, Scottish Equity Partners, and PE fund Vitruvian Partners – participated in the round of funding
Customers will be able to use the apps of the 4 online taxi firms when in India, China, the US, Singapore and Southeast Asia
Taxi hailing service Ola has fortified its finance team by hiring the former chief financial officer (CFO) of Infosys Ltd, Rajiv Bansal, as its own CFO. Bansal replaces Mitesh Shah, who will now lead the strategic finance initiatives in the new CFO’s team, Ola, owned by ANI Technologies Pvt. Ltd,… Read more »
Taxi hailing service Ola on Friday said it has struck a licensing deal with MapmyIndia to use its digital maps and location data to build new solutions. Through this partnership, Ola will get access to mapping data from MapmyIndia that has the intellectual properties for comprehensive, accurate and updated digital… Read more »
India’s largest cab hailing service Ola said on Wednesday that the company has raised $500 million in fresh funds from investment management firm Baillie Gifford, China’s largest taxi hailing service company Didi Kuaidi and existing investors Falcon Edge Capital, Tiger Global, SoftBank Group and DST Global. Ola, run by ANI… Read more »
Udacity, run by Google X research lab cofounder Sebastian Thrun, raised $105 million in “Series D” funding that valued the online education provider at $1 billion. The funding round was led by German media group Bertelsmann, with Scottish investment firm Baillie Gifford, Emerson Collective – a charitable organization run by… Read more »