What to know about Ukraine’s counteroffensive The latest: The Ukrainian military has launched a long-anticipated counteroffensive against occupying Russian forces, opening a crucial phase in the war aimed at restoring Ukraine’s territorial sovereignty and preserving Western support in its fight against Moscow. The fight: Ukrainian troops have intensified their attacks on the front line in … Read more
ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources familiar with the matter. Existing backers including Temasek and Tencent are among the investors in advanced stages of talks to invest in the new round, the sources … Read more
Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing C round that values the fintech at $1 billion. Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly-owned company by Saudi’s sovereign wealth fund Public Investment Fund … Read more
LineNext, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South Korea, to expand its web3 platform. The new funding comes nearly a year after LineNext released its browser-only beta service — consumer-to-consumer(C2C) marketplace launched on its … Read more
TUNL, a South African parcel shipping platform, has secured $1 million in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The platform, which claims to help e-commerce merchants save between 50% and 80% on international shipping costs, said the funding will fuel its expansion in its primary … Read more
KYIV, Ukraine — Ukraine came under heavy attack from the air and from cyberspace on Tuesday, local officials said, as nearly 600 Russian shells, rockets and other projectiles rained down on a southern region and unidentified hackers knocked out phone and internet services of the country’s biggest telecom provider. Ukraine also claimed a successful hacker … Read more
Tribe Capital is in talks to lead a $75 million to $100 million funding into the logistics aggregator Shiprocket, according to a person familiar with the matter, a notable financing deliberation at a time when Indian startups are struggling to raise capital. The funding talks are ongoing and the terms may change, the people said, … Read more
French startup Mistral AI has officially closed its much anticipated Series A funding round. The company has raised €385 million, or $415 million at today’s exchange rate — according to Bloomberg, it values the company at roughly $2 billion. Mistral AI is also opening up its commercial platform today. As a reminder, Mistral AI raised … Read more
SumUp — the fintech that provides payments and related services to some 4 million small businesses in Europe, the Americas and Australia — has picked up some growth funding to navigate the choppy waters of the current fintech market, waters that have tipped and swayed SumUp itself. The startup, which has roots in Germany but … Read more
Sarvam AI has come out of stealth mode and announced it has raised $41 million as the five-month old Indian startup races to build a suite of full-stack generative AI offerings. The $41 million funding raise is across the Seed and Series A financing rounds. Lightspeed led the rounds with participation from Khosla Ventures and … Read more