Vinted has recently finished its funding round led by Lightspeed Venture Partners, previous backers Sprints Capital, Inside Venture Partners, Accel and Burda Principal Investments. The startup raised a total of $141 million and reached a total valuation of $1 billion. Since the startup is from Lithuania, it is now the second unicorn startup coming out from the Baltics. Previously, an Estonian startup Taxify, which now has rebranded to Bolt had reached a valuation of $1 billion.The company...
Read More »SoftBank Founder Ritesh Agarwal Investing $700M in Oyo’s New $1.5B Financing Round
Ritesh Agarwal, SoftBank Group Corp. founder, Oyo Hotels and Homes said his company is raising $1.5 billion from investors because the India accommodating company startup wants to evolve to foreign markets as are the U.S. and Europe.Agarwal said he will be spending more than $700 million to buy new shares in the company as part of a said before $2 billion plan in order to make his ownership stake worth more than three times. Also, other investors are SoftBank’s Vision Fund, Lightspeed Venture...
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