May 4, 2020
Last week, Scopely acquired PierPlay, developer of popular mobile game Scrabble Go, after partnering with PierPlay To launch Scrabble Go.
Impossible Foods was in talks to raise new funding from Chinese investors.
Byju’s was raising $400 million at a $10B valuation.
Read MoreApril 27, 2020
Last week, AvidXchange raised $128 million as an extension of its Series F funding round.
Confluent raised $250 million at a $4.5 billion valuation.
Magic Leap laid off half of its workforce and stated that it’s transitioning its mixed reality software to solely focus on enterprise solutions.
Paytm was in talks with Microsoft to raise $100 million.
SoFi acquired 8 Securities, a Hong Kong based robo-advisor and investment app, to expand its presence internationally.
Read MoreApril 20, 2020
Last week, Coupang disclosed that the company generated 7.15 trillion won ($5.9 billion) in revenue with an operating loss of 720.5 billion won ($590 million) in FY 2019.
Didi Chuxing received a $1 billion investment into its bike sharing business.
Impossible Foods significantly increased its distribution to 777 grocery store across the US.
Robinhood was raising more than $200 million at a valuation greater than $8 billion.
Stripe raised $600 million as an extension of its Series G round at a $36 billion valuation.
Two weeks ago, Cohesity raised $250 million in its Series E round.
Read MoreApril 14, 2020
Last week, Airbnb received a $1 billion investment from Silver Lake and Sixth Street that was exchanged for warrants to be exercised at $18 billion valuation. This $1 billion debt has a five-year term that yields between 11%to 12% interest.
SoFi acquired Galileo, a payments software firm, for $1.2 billion to develop new digital finance products
WeWork sued Softbank for rescinding its $3 billion tender offer.
Read MoreApril 6, 2020
Last week, Airbnb lowered its internal valuation to $26 billion citing reduced bookings from the Covid-19 outbreak.
Grab hired Peter Oey as its CFO. He was previously the CFO of LegalZoom, CFO of MyLife.com and Vice President and Corporate Controller at Activision Blizzard.
Via raised $200 million at a $2.25 billion valuation.
WeWork had its $3 billion tender offer from Softbank rescinded due to several pending criminal and civil investigations, antitrust issues and the Covid-19 outbreak.
Read MoreMarch 30, 2020
Last week, several travel and transportation startups operations were negatively impacted by the Covid-19 outbreak. Airbnb suspended all of its marketing initiatives to save $800 million and several of its top executives took pay cuts. Bird terminated 30% of its workforce. Lime planned to lay off 50 to 70 employees. TripActions laid off 350 employees. Sonder terminated one third of its workforce. Getaround laid off an additional 100 employees.
Read More