Indonesian internet startup GoTo said it had raised more than $1.3 billion in its latest private funding round ahead of its highly anticipated initial public offering. GoTo, formed in May in a merger between ride-hailing app Gojek and e-commerce firm Tokopedia, is now valued at more than $28 billion as a result of the fundraising, according to a person with knowledge of the matter. In the...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
SoftBank-Backed Grocery App Weee! Lays Off 10% of Staff
China’s Economy Shows Recovery Signs as Covid Restrictions Ease
Microsoft Takes Nearly Six Months to Fix Azure Security Flaw
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
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.
Recent Popular Stories