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Byju’s said Monday it has raised $250 million in new funding from existing backers as the Indian edtech giant looks to navigate the market downturn that has forced the firm to postpone its initial public offering and cut thousands of jobs. It did not identify other backers.
Trendyol , an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. .
billion in venture funding , filed its S-1 Monday. Prior to the IPO, SoftBank’s Vision Fund holds slightly more than a one-third stake in the company. Other investors include the Canadian Pension Plan Investment Board, Fidelity, Wellington Management, and the Qatar Investment Authority, according to Crunchbase.
Fanatics added that other major investors in the round included Major League Baseball (MLB) and its owners, the Major League Baseball Players Association (MLBPA), the NFL Players Association (NFLPA), the National Hockey League, Brooklyn Nets owner Joe Tsai via his fund Blue Pool Capital and the Qatar Investment Authority.
And to underscore that, today a company that’s built a marketplace to help connect people and companies in that larger set of relationships is announcing a big round of funding. Qatar Investment Authority (QIA) is leading this round, with Providence Public also participating. billion valuation. billion valuation.
Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. However , most platforms in the GCC have use cases that are more vertical than horizontal. Helium Health.
Highlights of this Letter: SocialCoding4Good CityOptions Read2Go and Route 66 Literacy Selected Program Updates Human rights: Legal victory in Guatemala, PBS NewsHour stories Literacy: Major milestones for Bookshare at home and abroad SocialCoding4Good Just funded by the John S. and James L.
Images of Draftea’s mobile fantasy NFL platform Image Credits: Draftea. The startup emerged from stealth in January this year with a daily fantasy sports (DFS) platform that hosted Mexican fantasy soccer matches. We want to become the go-to platform for sports fans in the Spanish-speaking world,” Jaime Misrahi said.
Alex Rinke, Bastian Nominacher and Martin Klenk launched the company as a spin-off from the Technical University of Munich, and in 2012, Celonis joined the SAP Startup Focus program, an accelerator for analytics startups building new applications on the SAP HANA platform. Other participants include Activant Capital, Arena Holdings, T.
Starling said it plans to use the funding to expand its lending operations in the U.K., Challenger bank Starling is out raising a new £200M funding round. The funding arrives at a critical time in consumer banking. Gross lending has passed £2 billion, with deposits at £5.4
The platform, currently in private beta mode, will launch sometime in the first quarter of this year. While sports betting platforms like Costa Rica’s Betcris are already popular in the region, Jaime Misrahi said Draftea is comparatively a “much more social platform.”
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. On the platform, the company provides car details like model number, year of the make, and kilometers the car has clocked. million to date.
One of the biggest changes to Bookshare in the last ten years has been in the area of education, through funding from the Department of Education, Office of Special Education Programs (OSEP). You’ll hear about our work with publishers, distributors, and makers of content platforms to implement our born accessible strategy.
Aside from Bahrain, Qatar, Turkey and the United Arab Emirates, Fenix also has a presence in Saudi Arabia, specifically with its shared and subscription scooter service. Otherwise, the company is mainly relying on profits from its core micromobility business to fund these new business lines. Image Credit: Fenix.
Why it matters: Douyin’s emphasis on cultural and entertainment content not only enriches its product ecosystem but, more importantly, helps the platform to further diversify its revenue streams. billion cumulative viewers tuned in to watch the 2022 Qatar World Cup on Douyin. plus hours on the platforms every day.
Esaal, one such platform that has witnessed immense growth in the last two years, is announcing a $1.7 million seed investment from A15; this brings its total funding raised from the VC firm to $3 million since its launch in 2018. Esaal has enlisted over 350 consultants on its platform.
With fans of various sports including football, becoming increasingly interested in virtual versions of their favorite sports, startups from these regions are satisfying their cravings by providing fantasy sports platforms. Eksab takes a percentage of all the fees paid on the platform, especially on premium contests and merchandise.
Per our coverage, Modal is building “a cohort-based learning platform that companies can use to help their existing employees learn new skills or shift disciplines.” in new capital for SE Asia : James Murdoch and Uday Shankar have compiled a huge and new investment vehicle backed by the Qatar Investment Authority called Bodhi Tree.
However, it is unclear whether OpenAI is developing an in-house tuning tool that is meant to complement platforms like Scale AI or serve a different purpose altogether. May 3, 2023 Hackers are using ChatGPT lures to spread malware on Facebook Meta said in a report on May 3 that malware posing as ChatGPT was on the rise across its platforms.
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