Former Bessemer investor Sunil Nagaraj was in the middle of making a presentation when he started receiving a flood of messages. “I finished my presentation, glanced at my email, and I saw a bunch of congrats emails. My heart skipped a beat – I said, ‘Oh my God, what happened?” Nagaraj told Insider. “I looked … Read more
Dating-app company Bumble is going public on Thursday. The company’s S-1 filing highlights its top investor and some of the risk factors Bumble faces. We read through the 247-page filing to find four key takeaways. Visit the Business section of Insider for more stories. Bumble, one of the top online-dating companies, publicly filed its IPO … Read more
Amazon-backed food delivery startup Deliveroo is anticipated to float in 2021, marking a rare high-profile British technology float. Like rival Uber Eats, Deliveroo allows consumers to order restaurant food via an app and relies on a network of gig economy cyclists and motorcyclists to make the deliveries. During the coronavirus pandemic, it has expanded into … Read more
Entrepreneurial intention cannot reach actualization in the absence of a proper industrial and business atmosphere. The society and policymakers have to ensure that the environment for investment is conducive in terms of (1) socio-cultural and political supports, labour and industrial laws; (2) ease of processing and no harassment in registration and certification; (3) helping attitude … Read more
Udaan, the business-to-business (B2B) e-commerce platform, has kick-started the new year with a fund-raise of $280 million, largely from its existing investors including China’s internet giant Tencent. Venture funds Lightspeed Venture Partners, DST Global, GGV Capital and Altimeter Capital are existing investors who have also contributed to this round. There are two new investors — … Read more
“We believe that the valuation and position backdrop has become a lot more challenging for bitcoin at the beginning of the New Year,” JPMorgan said. At its current market cap of $575 billion, bitcoin would have to surge to $146,000 to match the total private sector investment in gold via ETFs or bars and coins, … Read more
The cratering economy at the start of the pandemic led to a dropoff in funding rounds for seed-stage companies, according to deals databases PitchBook, Crunchbase, and CBInsights. But anecdotally, early-stage investors say they can barely keep up with their deal flow. One reason for the discrepancy is that startups are calling their seed rounds by … Read more
“We didn’t see a healthy, sustainable future ahead of Crucible,” the company said in a blog post on Friday. The team working on the project will be moved to other upcoming games and customers will get refunds, it added. Crucible was seen as a key test for Amazon’s games division, which was formed in 2012. … Read more
Remote fundraising has become common for startups as the coronavirus pandemic continues to restrict the ability to travel and take meetings in person. Usually, founders and executives pitch prospective investors for funding at swanky city offices before an investment committee makes a decision. Subsequently, there is a lengthy due diligence process, technical and market questions, … Read more