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Zomato's valuation crosses $5.4 billion, after raising $250 million

Food delivery giant Zomato has raised another $250 million in primary fundraise from existing and new investors, ahead of its expected initial public offering (IPO) this year. Info Edge (IE), which is an existing shareholder in Zomato said in a stock exchange filing that the transaction has taken the post-money valuation of the company to $5.4 billion. This is an increase from its previous valuation of $3.9 billion in December last year when it closed a $660 million primary financing round. ๏ฟฝ...
United States York Stock Exchange Qatar Investment Authority New York Stock Exchange Info Edge Tiger Global

GCash attracts fresh investment from Bow Wave

SunStar + February 12, 2021 GLOBE Fintech Innovations Inc. (Mynt), the Fintech (financial technology) arm of Globe Telecom and operator of the countryโ€™s preferred mobile wallet in GCash, has attracted fresh capital investment from ASP Philippines LP, a limited partnership fund managed by investment firm Bow Wave Capital Management (Bow Wave), to further spur the growth of financial inclusion and the digitization of payments and financial services in the Philippines. Mynt raised o...
Martha Sazon Itai Lemberger Fintech Innovations Inc Ubs Ag Ali Baba Group Globe Telecom

Zomato Increases Paid-Up Capital For Pre-IPO Fundraise

Zomato Increases Paid-Up Capital For Pre-IPO Fundraise Share story Zomato may raise an addition $500 Mn soon, giving partial exits to its Chinese investors The company is looking at a valuation of $8 Bn in the public market, a spike from its current $3.9 Bn If all goes as per plan, InfoEdge may turn out to be the biggest stakeholder in the company Gurugram-based food aggregator Zomatoโ€™s plans to list publicly have gained momentum as the company has increased its paid-up capital by 3X in prepa...
Cyril Amarchand Mangaldas Baillie Gifford Morgan Stanley Sunlight Fund Credit Suisse Goldman Sachs
Source: inc42.com

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Philippine mobile wallet Gcash raises $175 million

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Philippine mobile wallet Gcash raises $175 million 12 January 2021 Source: GCash Globe Fintech Innovations, Inc. ("Mynt"), the Fintech arm of Globe Telecom and operator of the countrys preferred mobile wallet in GCash, has attracted fresh capital investment from ASP Philippines LP, a limited partnership fun...
Martha Sazon Itai Lemberger Globe Fintech Innovations Inc Ubs Ag Globe Telecom Fintech Innovations

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