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Archive for the ‘Miscellaneous Articles’ Category

Fresh out of YC, Houm raises $8M to improve the home rental and sales market in LatAm

As a longtime real estate developer based in Chile, Benjamin Labra was able to spot gaps in the buying and renting markets in Latin America. To meet demands, he started Houm, an all-in-one platform that helps homeowners rent and sell their properties in the region. Fresh out of Y Combinator’s W21 cohort, today Houm announced ...

Sequoia leads $5M pre-seed in Egypt’s 1-month-old digital bank Telda

Egypt has a population of over 100 million people. The country has a high mobile and internet *********** necessary for a young and tech-savvy population with 61% below 30. But despite its youthful population, two out of every three individuals are currently unbanked in Egypt. It’s the same situation in MENA, where only 40% of ...

JD Logistics, China’s answer to Amazon’s logistics ambitions, to raise $3.4B from IPO

After operating in the red for 14 years, JD.com’s logistics subsidiary is getting ready for an initial public offering in Hong Kong. JD Logistics will price its share between HK$39.36 and HK$43.36 apiece, which could see the firm raise up to about HK$26.4 billion or $3.4 billion, according to its new filing. JD.com, Alibaba’s e-commerce ...

Gojek and Tokopedia merge to form GoTo Group

Ride-hailing giant Gojek and marketplace Tokopedia said on Monday they have combined their businesses to form GoTo Group, the largest technology group in Indonesia. Gojek’s Andre Soelistyo will lead the combined business as GoTo Group CEO, with Tokopedia’s Patrick Cao serving as GoTo Group President. Kevin Aluwi will continue as CEO of Gojek and William ...

India’s Moglix valued at $1 billion in $120 million fundraise

Moglix, an industrial business-to-business marketplace in India, said on Monday it has raised $120 million in a new financing round at $1 billion valuation, becoming the 13th firm from the world’s second largest market to attain the unicorn status this year. The startup’s Series E financing round was led by Falcon Edge Capital and Harvard Management ...

Merchant commerce platform Pine Labs valued at $3 billion in new fundraise

Pine Labs, a startup that offers merchants payments terminals, invoicing tools and working capital, said on Monday it has completed the first close of a $285 million funding as the nearly two-decade-old firm looks to expand its business. Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management financed the new funding ...

Elon Musk giveth and taketh away

Hello friends, and welcome back to Week in Review! Last week, I wrote about Facebook’s never-ending Trump problem. This week, I’m looking at Elon Musk’s wild week of whipping crypto markets. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny. ...

How one founder’s startup journey began with dropping out of school to work with Drake

This week’s episode of Found features Courtne Smith, founder of NewNew, a social app where people pay to vote on your decisions. The platform takes the concept of social polling to the next level, essentially allowing everyone to monetize their choices by turning them into a kind of social stock market where others can purchase ...