The companies may announce a cash-and-shares transaction that values Careem at about $3 billion in the coming weeks.
Allianz X was launched in 2016 with a 430 million-euro checkbook and has done about 15 deals, including an investment in Indonesian ride-hailing firm Go-Jek.
All’s not well between SoftBank COO Marcelo Claure and Rajeev Misra, who oversees SoftBank’s $100 billion Vision Fund.
The vehicle is likely to focus on venture investments and will be separate from SoftBank’s huge Vision Fund.
SoftBank has set up an unusual compensation structure for the fund that includes a $5 billion loan to employees. The debt is swapped for equity in the fund and will generate profit when deals make money — and losses when they don’t.
While SoftBank still holds an equity stake in Nvidia, it has reportedly constructed a so-called collar trade of about $6 billion, which allows investors to amass stakes while protecting themselves against a decline in stock prices.
Yandex.Taxi, Russia’s largest ride-hailing service part-owned by Uber, is also looking to list in 2019.
The Israeli tech firm may sell its entire business or offload regional operations outside of its home market. It may also weigh a listing, partnership or sale of a minority stake to raise capital.
Headquartered in Sao Paulo, e-commerce startup Loggi flags delivery requests to nearby couriers, from motoboys (or motorcycle messengers) to vans. The widely used app calculates the fee and route.
Uber CEO Dara Khosrowshahi has made the company’s food-delivery business a top priority ahead of a planned IPO in the second half of 2019.