Funding

Singapore’s SpherePay Closes $10 Million Funding Round

SpherePay, Singapore’s homegrown mobile payment app, announced today that it has completed its fundraising exercise which saw the company raising over $10 million.

Thomson Reuters Conducting Acquisition Talks with Blackstone

Thomson Reuters is in advanced talks with US private equity outfit Blackstone over the acquisition of a majority stake in its financial and risk business.

Car Rental Startup eZhire Raises Seed Funding From Jabbar Internet Group

Dubai-based car rental startup eZhire has raised investment in a seed round led by Jabbar Internet Group.

RentSher Raises Seed Funding

Dubai-based RentSher Middle East has announced that it has successfully raised seed funding. Abu Dhabi-based Shorooq Investments managed and closed the round, while Dubai-based fund Latitude Consultan...

Nestrom Raises Funding From Propeller Inc., 500 Startups, Wamda Capital, Agrimatico and Angel Investors

Nestrom, an agricultural technology startup based out of Amman, Jordan, has announced that it has raised seed funding from a bunch of companies

Autonomous Driving Startup Pony.ai Raises $112M

Pony.ai, a company that builds autonomous driving solutions, has closed a funding round of $112M. The Series A round was co-led by Morningside Venture Capital and Legend Capital. Seed round lead-inves...

Boxed Talking to Kroger to Get Acquired for $500 Million

New York-based Boxed, the startup for buying food and household items in bulk, is in talks to be acquired by Kroger for about $500 million.

Auto1 Secures $560M in Funding from SoftBank Vision Fund

German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund...

SoftBank Files for $18 Billion IPO of its Mobility Unit

SoftBank, the Japanese telecom company that owns 80% of U.S. carrier Sprint, is considering an IPO that would spin off the company’s mobile phone unit.