India’s Meesho raises $125M to expand its social commerce business

Meesho, a Bangalore-based social commerce startup, has raised $125 million in a new financing round to expand its business in the country and change the way millions shop online. The Series D round was led by Naspers, and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway participating as well. Facebook also participated in the […]

Africa Roundup: Canal+ acquires ROK, Flutterwave and Alipay partner, OPay raises $50M

In July, French television company Canal+ acquired the ROK film studio from VOD company IROKOtv. Canal+ would not disclose the acquisition price, but confirmed there was a cash component of the deal. Founded by Jason Njoku in 2010 — and backed by $45 million in VC — IROKOtv boasts the world’s largest online catalog of Nollywood: a Nigerian movie […]

Startups Weekly: SoftBank’s second act

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I noted some challenges plaguing mental health tech startups. Before that, I wrote about Zoom and Superhuman’s PR disasters. Remember, you […]

Hear about how to exit from Jess Lee, Justin Kan and Michael Marquez at Disrupt SF

All startup founders want to steer to a successful outcome the business they started. Sometimes the goal is an initial public offering. Sometimes it’s an acquisition. Though acquisitions often represent a kind of finish line for entrepreneurs, they aren’t easy to line up, and even when an offer is on the table, it often comes […]

Against Gravity is building a VR world that won’t stop growing

The quest to create a social auditorium in virtual reality has eaten many VC dollars over the years. While plenty of contenders have emerged, it’s likely Against Gravity’s Rec Room has been the most creative in its approach to capturing a niche market while plotting how to build a sustainable business based on users in […]

What top VCs look for in women’s fertility startups

Investors are starting to pour millions into women’s health tech. Does your startup have what it takes to get their attention? Sarah Buhr @sarahbuhr / 20 hours A number of promising women’s health tech companies have popped up in the last few years, from fertility apps to ovulation bracelets — even Apple has jumped into […]

Sources: Bird is in talks to acquire scooter startup Scoot

If you are among those who thought that the scooter market sounded a little overhyped and overcrowded, we’ve gotten wind of a deal that could point to some impending consolidation. The on-demand scooter business Bird has agreed to acquire Scoot, a smaller two-wheeled mobility startup, sources tell TechCrunch. The stage of the negotiations is not clear […]

Sequoia-backed Whole Biome wants to heal your gut with medical-grade probiotics

Whole Biome has pulled in $35 million in Series B financing from a list of investing titans, including Sequoia, Khosla, True Ventures, the Mayo Foundation and AME Ventues — just to name a few. The goal? To heal what ails you using microscopic bugs. Medical science has caught on in the last few years about […]

Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series D round

Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million. The company announced the round in April when it was $88 million, led by investors that include Sequoia China; however, it has now increased by $25 […]

CFIUS Cometh: What this obscure agency does and why it matters to your fund or startup

How the government plans to fight foreign investment in tech companies and venture capital Evan J. Zimmerman 19 hours Evan J. Zimmerman Contributor Evan J. Zimmerman is an entrepreneur, investor, and writer. He is the Chairman of Jovono and Chairman of the Clinton Health Access Initiative technology council. He is a partner and director in […]