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Startups Venture Capital

Stripe Raises $245M at $20B Valuation

Payments startup Stripe has raised $245 million at a $20 billion valuation, the company said Wednesday. Tiger Global Management led the round, joined by Sequoia Capital and DST Global. News of the the fundraising was first reported by Bloomberg . Stripe said it would use the cash to expand globally and build out operations and enterprise features. Its valuation boost, from $9.2 billion in 2016,...

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The Briefing Uber/Lyft
Why Uber’s Postmates Deal Doesn’t Deserve Celebration: The Information’s Tech Briefing

Uber's 6% stock price rise on Monday suggests investors like the company's $2.65 billion acquisition of Postmates. And it is, in theory, a way to shore up Uber Eats' restaurant food delivery in some U.S. cities and consolidate the market.

But investors should curb their enthusiasm. Postmates’ share of the U.S. market in recent years has fallen—it dropped to 7% from ...

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