• 17
    Jun

    India’s antitrust watchdog is reviewing Facebook’s $5.7B deal with Reliance Jio Platforms

    Facebook’s  $5.7 billion investment in India’s Reliance Jio Platforms that could help the American social media juggernaut make inroads into tens of millions of shops in the country is being reviewed by the local antitrust watchdog. The Competition Commission of India said on Wednesday that it is reviewing Facebook’s multi-billion dollar investment in Reliance Jio  Platforms for a 9.9% stake in the top Indian telecom operator. Bloomberg ...
  • 16
    Jun

    SoftBank confirms it may sell some of its T-Mobile stake

    SoftBank Group confirmed today it is considering selling its T-Mobile U.S. shares. Bloomberg reported last month that SoftBank was nearing an agreement to sell about $20 billion of its T-Mobile U.S. shares to investors including Deutsche Telekom, T-Mobile’s controlling shareholder, in an effort to offset major losses from its investment business, including the Vision Fund. In today’s notice, SoftBank Group, which owns about 25% of ...
  • 16
    Jun

    Yelp adds new features for reopening businesses

    Over the past few months, Yelp has been takin steps to help businesses reeling from the impact of the coronavirus pandemic — things like waived fees, virtual service listings and GoFundMe fundraisers (that last one had a mixed reception). But without getting into the question of whether the United States is reopening at the right time in the right way, it’s clear that the reopening is happening, and businesses ...
  • 15
    Jun

    Tonik raises $21 million to launch digital bank in the Philippines

    A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks. While most of these startups are yet to prove they can turn a profit, entrepreneurs are beginning to replicate similar ideas in South Asian markets, where most people don’t have accounts with traditional banks at all. And for now, ...
  • 11
    Jun

    Ethyca raises $13.5M to help businesses automate data privacy and compliance

    The upcoming CCPA regulations coming into effect in the US have put a renewed focus on how companies online are handling the issues of data privacy and compliance. Today a startup that’s built a platform to help them navigate those waters more easily is announcing a round of funding to meet that demand. Ethyca, which lets organisations both identify where sensitive ...
  • 8
    Jun

    Indian online travel booking firm Yatra terminates merger deal with Ebix

    Indian online travel booking company Yatra has terminated a pending merger agreement with Atlanta-based software firm Ebix and filed a litigation seeking “substantial damages” over alleged breach of deal terms. In July last year, Ebix announced its plan to acquire Yatra, giving the Indian firm an enterprise value of $337.8 million, in a move to strengthen its position in India’s hotel and ...
  • 8
    Jun

    India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority

    Mukesh Ambani  has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio  Platforms said it will sell a stake of 1.16% for $750 million to Abu Dhabi Investment Authority (ADIA), continuing its eye-catching run of investments at the height of a global pandemic. The three-and-a-half-year-old digital unit of oil-to-retail giant Reliance Industries,  the most valuable firm ...
  • 3
    Jun

    Facebook and PayPal invest in Southeast Asian ride-hailing giant GoJek

    Facebook and PayPal have made investments in GoJek, joining Google and Tencent among other high-profile technology firms that have backed the five-year-old Southeast Asian ride-hailing startup that also offers food delivery and mobile payments. Facebook, for which it is the first investment in an Indonesia-based firm, and PayPal did not disclose the size of their checks. GoJek told TechCrunch that Facebook ...
  • 2
    Jun

    Appway raises $37M, its first-ever funding, for financial customer management tools

    With the renewed push for more of the services we use everyday to be accessible online and in a non-physical way, a company out of Switzerland that builds tools for financial services companies to interact better with their customers via the web is today announcing a round of funding to expand its operations. Appway, which provides software to help banks ...
  • 28
    May

    Italy’s Commerce Layer raises $6M led by Benchmark for its headless e-commerce platform

    In the world of commerce, the last few months have underscored the fact that every retailer, brand and entity that sells or distributes something needs to have a digital strategy. Today, one of the startups that’s built a platform aimed at giving them more control in that process is announcing a Series A to continue expanding its business. Commerce Layer, ...