Andreessen Horowitz Merges Fintech and Consumer Teams After Some Bets FizzleRead more

asia e-commerce

Walmart’s India Unit Flipkart Seeks $40 Billion Valuation in $3 Billion Fundraising

Indian e-commerce firm Flipkart, majority owned by U.S. retail giant Walmart, is seeking a $40 billion valuation in its talks to raise at least $3 billion from SoftBank as well as several sovereign wealth funds, Bloomberg reported. SoftBank could invest up to $500 million in the round, while Singapore’s sovereign wealth fund GIC, Canada Pension Plan Investment Board and Abu Dhabi’s sovereign...

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
CareRev co-founder Will Patterson stepped down as CEO last week. Art by Clark Miller
Exclusive startups venture capital
A Long, Strange Trip for the ‘Uber for Nurses’
Will Patterson was on a hot streak. As the co-founder and CEO of CareRev—a gig-work platform sometimes described as an “Uber for nurses”—he saw his company’s business surge during the pandemic as hospitals and clinics scrambled to find healthcare workers.
Photo via Shutterstock.
Exclusive startups Finance
Inside the Culture Clash at JPMorgan and WePay
When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal.
Art by Clark Miller.
The Big Read space venture capital
The Overlapping Galaxies of Delian Asparouhov
Delian Asparouhov, newly minted Founders Fund partner and co-founder of Varda Space Industries, is obsessed with speed.
Marc Andreessen. Photo: Bloomberg.
Exclusive startups venture capital
Andreessen Horowitz Merges Fintech and Consumer Teams After Some Bets Fizzle
Andreessen Horowitz has combined its finance and consumer investment teams into one, merging what were two of the hottest pandemic-era investment categories that have since cooled.
Peng Zhao, CEO of Citadel Securities. Photo by Bloomberg.
Exclusive ai venture capital
Wall Street Firm Citadel Securities Courts AI Startups for Trading Edge
Citadel Securities, a prominent high-frequency trading firm, has told startup founders and investors it is looking to license software from artificial intelligence startups working on large-language models or to buy stakes in them, according to two people with knowledge of the conversations.
The Port of Los Angeles, where Next Trucking has a significant presence. Photo by David McNew/Getty Images.
Exclusive startups Finance
Logistics Startup Next Trucking Tries to Sell Itself
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information.