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New York-based Coatue is raising a new fund that will be used to invest in Asia, according to an SEC filing. Coatue reportedly raised $700 million for an early-stage venture fund in 2019. The firm,. ....
Online plastics platform Knowde raises $72M in financing plasticsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plasticsnews.com Daily Mail and Mail on Sunday newspapers.
Sequoia-backed gym chain Supermonkey close to unicorn status post Series E round May 8, 2021 Chinese gym chain Supermonkey, which started out in 2014 with a self-service, container-made gym box, is now near a unicorn valuation of $1 billion after the completion of its latest Series E round at “hundreds of millions of yuan,” its investors announced earlier this week. The Series E round was led by a sub-fund of CICC Capital, the flagship investment platform of investment banking firm China International Capital Corporation (CICC). CICC served as the exclusive financial advisor of the deal. Supermonkey’s fundraising success rode on the steady growth of China’s fitness industry, supported by the country’s increasingly wealthier middle class, a shift towards more sophisticated lifestyles, and a growing awareness of staying fit. ....
Food tech startup Lunchbox creates NotGrubhub website to take on Grubhub businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.
But for third-party delivery operators like Uber Eats , DoorDash, and Grubhub, 2020 was a pretty good year. Delivery orders more than tripled, representing 10% of transactions compared to 3% two years ago, according to market research firm The NPD Group. Revenue soared and at least one delivery operator, DoorDash, briefly turned a profit during a quarter when most US restaurants were forced to rely on delivery and carryout to survive. The pandemic highlighted the importance of having a robust digital business and it opened the door for online ordering players to promote their services as an affordable antidote to third-party delivery companies. New players know they ll never truly beat the big delivery operators on market share, especially amid consolidation in a space that is expected to reach $61 billion in sales in 2023, according to Cowen. Instead, rival services are focusing on niche offerings such as ....