GoTo Group planned to raise $1.1 billion in its upcoming IPO

March 29, 2022

• Last week, GoTo Group planned to raise $1.1 billion in its upcoming IPO.

• Webflow raised $120 million at a $4 billion valuation.

• Indigo AG appointed John Frederick as its new CFO. Frederick previously was the CEO of SumTotal Systems and the Chief Administrative Officer at Skillsoft.

• Instacart reduced its internal valuation to $24 billion which represents a 38% discount to its last round valuation in March 2021.

• Ola acquired Avail Finance, a platform that assists blue collar workers with their finances.

• SparkCognition acquired Integration Wizards, an advanced visual AI startup.

INDIGO AG

“ Indigo Names John Frederick as Chief Financial Officer, adds Deborah Winshel to Board of Directors”

• https://www.prnewswire.com/news-releases/indigo-names-john-frederick-as-chief-financial-officer-adds-deborah-winshel-to-board-of-directors-301510849.html

INSTACART

“Instacart slashes its valuation to $24 billion”

• https://www.cnn.com/2022/03/25/tech/instacart-valuation/index.html

OLA

“Ola to acquire fintech Avail Finance”

• https://techcrunch.com/2022/03/24/ola-avail-finance-family-game/

SPARKCOGNITION

“ Integration Wizards acquisition to help expand into new markets, says SparkCognition”

• https://economictimes.indiatimes.com/tech/startups/integration-wizards-acquisition-to-help-expand-into-new-markets-says-sparkcognition/articleshow/90475757.cms

GOTO GROUP

“Indonesian Startup GoTo to Raise up to $1.1B in IPO”

• https://techcrunch.com/2022/03/15/indonesian-startup-goto-to-raise-up-to-1-1b-in-ipo/

WEBFLOW

“Website Builder Webflow Hits $4 Billion Valuation As It Nears $100 Million Revenue”

• https://www.forbes.com/sites/kenrickcai/2022/03/16/webflow-series-c-4-billion-valuation-100-million-revenue/?sh=1ba88dba71e1