Postmates Joins Unicorn Club At $1.2B Valuation
Postmates CEO tells Fortune that his company has "a beautiful path to an IPO in 2019. ":
On-demand food and grocery delivery service Postmates just earned itself a place among the tech unicorns with a fresh $1.2 billion valuation, as reported by Fortune. On Tuesday morning, the Silicon Valley-based startup, which competes against tech giants like Amazon.com Inc. (AMZN), Uber Technologies Inc., and GrubHub Inc. (GRUB), announced that it has raised another $300 million in venture funding. The latest round, intended to help accelerate Postmates' growth in the U.S., was led by U.S. Tiger Global.
Tpg, Chryscapital In Talks To Invest Up To $82M In India's Ess Kay Fincorp
Founded in 1994 by Rajendra Setia, Ess Kay facilitates the purchase of used commercial vehicles, tractors, cars and two-wheelers, and provides business loans to small and medium enterprises (SMEs). The post TPG, ChrysCapital in talks to invest up to $82m in India's Ess Kay Fincorp appeared first on DealStreetAsia.
Online Home Interior Startup Livspace Raises $70M From Goldman Sachs, Tpg Growth
Existing investors Jungle Ventures, Bessemer Venture Partners and Helion Ventures also participated in the latest round. The post Online home interior startup Livspace raises $70m from Goldman Sachs, TPG Growth appeared first on DealStreetAsia.
Bofa To Sell Alternative Operations With $20B To Icapital
Bank of America Corp. agreed to sell businesses that administer alternative investment feeder funds to iCapital Network, a financial-technology firm led by a former Goldman Sachs Group Inc. banker. The operations for feeder funds, which pool client money to invest in hedge funds and private equity, handle about $20 billion in client holdings, boosting the assets on iCapital's platform by more than four times, iCapital Network said Tuesday in a statement. Terms of the deal, expected to close in the first half of next year, weren't disclosed.
It's Never Been More Expensive To Hedge Against Falling Pot Stocks
As equity investors caught up in the cannabis craze push pot stocks to record highs, options traders are paying the most ever to hedge against a comedown. Skyrocketing marijuana stocks have pushed the $560 million ETFMG Alternative Harvest ETF, ticker MJ, up more than 60 percent since mid-August. At the same time, the cost of options to protect against a 10 percent drop in the fund has surged to an all-time high relative to those betting on gains of the same magnitude.
Ola Raises $50 Mn, Announces Plans To Venture Into New Zealand
Indian cab aggregation unicorn Ola, which is banking on international expansion to achieve its next level of growth, has secured... The post Ola Raises $50 Mn, Announces Plans To Venture Into New Zealand appeared first on Inc42 Media.
Sydney-based Oneventures Just Invested $4M In Us Medical Device Startup Madorra | Business Insider
Sydney venture capital firm OneVentures invested $4 million in the US medical device group Madorra. The US-based company addresses a critical need in the field of women's health, improving quality of life for both post-menopausal women and women who have received treatment for chronic conditions such as breast cancer. More >>
Hedge Fund Returns Ytd Are Weakest Since 2011
Hedge funds are up 0.45 per cent for the year, their weakest performance on record since 2011 when they declined 0.40 per cent in the eight months through to August, according to the September 2018 Eurekahedge Report. Almost 46 per cent of the managers are in the green for the year with roughly 12 per cent of these managers posting double digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
As Icos Falter, Crypto Hedge Funds Approach $5B In Assets >> Brave New Coin
The buy and hold strategy of ICO investing is losing its appeal for retail investors who have become more discerning about where the put their money and the active management style of hedge funds is starting to attract billions of inflows from wealthy investors willing to punt on a new style of fund manager. Capital consultancy Greyspark have released a report charting the changing landscape of cryptocurrency investment. As the marketplace matures, two tidal shifts are taking place: ICOs are losing popularity with retail investors, and avenues for institutional investors to enter the space are increasing.
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The fundamentals underpinning Nigeria's natural gas market remain strong but investor confidence is waning because Africa's largest crude oil producer is failing to spell out clear legal and fiscal regimes to govern the petroleum industry. Nigeria's gas reserves are thought to be the largest in Africa at 5.2 trillion cubic metres, according to BP data....
2019 Global Private Equity Outlook | Dechert Llp
Today's crowded, expanding private equity market means that buyout multiples continue to climb, making the deployment of capital a persistent challenge for fund managers. According to 2019 Global Private Equity Outlook, a new report by Dechert LLP...By: Dechert LLP.