If the deal goes through, it will mark SoftBank’s first independent investment in the content space.
Careem was recently acquired by Uber for $3.1 billion.
IPOs & Markets
The companies are set to announce their quarterly results on May 15.
Across Wall Street, questions are flying: Was the Uber IPO priced too aggressively?
Surge 02 will offer a flexible investment amount of $1-2 million as against $1.5 million in Surge 01.
DocsApp will use the funds to expand its operations across India.
While existing backers Sequoia, Kingsway FCI Fund, and KCK Global are likely to put in $45-50 million, new investors may pour in balance $25-30 millio
The latest round brings the total amount raised by the startup to over $5 million.
Sorabito operates heavy machinery e-commerce platform Allstocker.
This is a rare example of CFIUS undoing an acquisition that has already been completed.
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