Tie-ups with other startups in the SoftBank portfolio could be a possibility down the road in sectors such as healthcare, hospitality, travel and auto
IPOs & Markets
The IPO will give the startup a valuation exceeding the 30 billion yen achieved at its last fundraising.
Policy & Regulations
TranSwap has obtained a license from Bank Indonesia to operate a remittance service fund.
Lightspeed Venture Partners, Silver Lake Waterman, and Sapphire Ventures participated in the funding round.
The company has been in talks with a team of advisers to help it restructure its debt.
Algo said it will bring further investment to fledgling blockchain-based businesses in N America, Latin America, Europe, and Asia.
Prosus, which is to float on Amsterdam’s Euronext stock market on Sept. 11, holds Naspers’ 31.1% stake in Tencent, worth around $120 billion at cu
First State manages over $8 billion of unlisted infrastructure across the globe, primarily in the transportation, utility sectors.
The funding round was led by Israel-based global healthtech venture capital fund aMoon.
Naspers will retain a majority stake in the group, which will have investments in internet firms in India, among other countries.
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