The startup’s existing foreign investors, including Tiger Global Management and Temasek Holdings, hold about 48% of the startup.
Redux raised $5 million in March 2017, and concentrated on markets including computing, mobile, automotive and industrial controls.
The $97 billion Vision Fund is in talks to invest in Lufax, China’s largest online-financing company, OneConnect, which offers AI-powered services,
IPOs & Markets
Uber and Yandex agreed in July to merge their ride-hailing businesses in Russia.
The company will be re-branded Virgin Hyperloop One.
VC firm Benchmark has sought a guarantee in writing from SoftBank.
However it is keen to bid excluding the troubled chip-maker’s U.S. business
SoftBank has built a less than 5% stake in IRobot, below the amount that would require a regulatory disclosure in the US.
Shares in Rocket Internet fell nearly 4% after Kinnevik said it was exiting it.
The new commitments would take the total pool to $100 billion.
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