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Naspers, Tencent Lead Indian Unicorn Push

SeekingAlpha

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Indian meals supply: Naspers (OTCPK:NPSNY) led and Tencent (OTCPK:TCEHY) participated in a $1B spherical in Indian meals supply firm Swiggy, which had held acquisition talks with Uber (UBER) earlier this yr however no deal was reached. Complete funding now stands at $1.26B. Swiggy had a $1.3B valuation on the time of its final spherical in June.

Swiggy says it really works with 50Okay eating places in additional than 50 cities in India, up from 35Okay eating places six months in the past, which the corporate says has allowed it to double GMV within the interval. The brand new funds will go in the direction of hiring machine studying and engineering expertise and to develop its AI tech additional to enhance its service.

Rivals: Zomato, Ola-owned Meals Panda, and Uber Eats.

Indian ed-tech: Naspers led a $540M spherical in Indian ed-tech firm Byju at a $three.6B valuation, which made the startup India’s fourth most precious startup.

Byju began with an offline educating middle and launched its first app in 2015. The startup now has two apps: one targets Indian college students from Courses VI to XII, and the opposite college students from Courses IV to V. Byju plans to launch an app for youthful college students quickly. The corporate says it touched Rs 100 crore in month-to-month income and raised its annual income goal for 2018 to RS 1,400 crore.

Protein-focused biotech: SoftBank (OTCPK:SFTBY) Imaginative and prescient Fund led a $400M Collection C in biotech Relay Therapeutics with complete funding now standing at $520M.

Relay needs to make use of pc tech to visually reveal proteins in movement to assist scientists design medicines that higher bind to targets. The startup doesn’t have any medical trials underway however plan to initially goal cancers brought on by protein malfunctions. The brand new funding will partially go in the direction of including at the least 30 new staff subsequent yr to the present 70-person workforce.

AI chip contender: Microsoft (NASDAQ:MSFT), Samsung (OTC:SSNLF), and Dell (NYSE:DVMT) have been among the many backers in a $200M Collection D spherical for AI chipmaker Graphcore, which gave the startup a $1.7B valuation. Atomico led the spherical.

Graphcore’s chips are designed to speed up machine studying and power-intensive duties like cloud computing enterprise providers, and automotive methods. The startup is presently rolling out its first chips and dealing on the subsequent product with an eye fixed on an eventual IPO and a $50M income goal for subsequent yr. Dell and Samsung are among the many firm’s preliminary shoppers.

Rivals: Three little AI chip corporations referred to as Intel (NASDAQ:INTC), Nvidia (NASDAQ:NVDA), and Alphabet (NASDAQ:GOOGL).
Gross sales CMS: T. Rowe Worth (NASDAQ:TROW) and Lightspeed Enterprise Companions co-led a $100M Collection E in gross sales and content material administration software program startup Seismic at a $1B valuation. The spherical introduced complete funding as much as $179M.

Seismic develops gross sales enablement instruments that primarily work as a CMS for gross sales and advertising. T. Rowe Worth is likely one of the startup’s 600 clients, which common over $200Okay in spending. Seismic has IPO ambitions however hasn’t revealed a timeline.

Rivals: DocSend ($9.7M in funding), Highspot ($61.9M, Salesforce amongst backer)

Fund watch: Lightspeed Enterprise Companions set a $360M goal for Lightspeed China Companions’ fourth fund. Earlier Lightspeed China funds have closed on $260M and $168M. The agency sometimes makes early-stage investments within the areas of web, cellular, and enterprise.

Editor’s Notice: This text discusses a number of securities that don’t commerce on a serious U.S. change. Please concentrate on the dangers related to these shares.

SeekingAlpha


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