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Tiger Global and Ribbit invest another $100 million in PhonePe

TechCrunch

Ribbit Capital, Tiger Global and TVS Capital pumped the new $100 million into the startup. Walmart-backed PhonePe has said previously that it plans to raise up to $1 billion as part of the ongoing financing round. “We The ongoing round values the Bengaluru-headquartered PhonePe at a pre-money valuation of $12 billion.

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Allocate banks $5M to open up venture capital fund access

TechCrunch

The world of venture capital investing is a relatively small one, and relationship-based to boot. The company, founded by Samir Kaji and Hana Yang in February 2021, is developing an approach to venture capital fund investing that provides a way for investors of any size to participate. Enter Allocate.

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Zubale bags new capital to match gig workers with LatAm e-commerce fulfillment jobs

TechCrunch

The e-commerce market in Latin America has been gaining traction over the past two years and is poised to double in size and be valued at more than $100 billion by 2025. After bringing in $8 million in a few rounds over the years, Zubale is back with a new cash infusion of $40 million in Series A financing led by QED Investors.

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Japan’s Zeals raises $38.8M to scale its chat commerce platform

TechCrunch

JIC Venture Growth Investments led the Series E equity funding, with participation from Z Venture Capital , a venture investment arm of Z Holdings, Japan Post Capital and Salesforce Ventures. Mizuho Bank and Mitsubishi UFJ Financial Group also joined in its debt financing.

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New report examines Africa’s growth in the digital economy and VC investment landscape

TechCrunch

Other statistics include job projections from various channels: 44 million jobs if internet penetration reaches 75%, 3 million jobs from online marketplaces by 2025 and 1.7 million jobs due to Google’s $1 billion investment in the continent. The continent’s investment story. This is compared to 37%, 70% and 66% in the U.S.,

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4 principles private capital firms should follow to win the talent race

TechCrunch

Successful private capital firms long ago ditched their spreadsheets and moved to digital tools for accounting and other middle-office tasks as part of a larger trend toward improving efficiencies, controls and operational transparency. Richard Change. Contributor. Richard Change is the co-founder and managing partner of PFA Solutions.

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Novel Farms flexes its pork loin ‘muscle’ following future equity investment

TechCrunch

Still, she doesn’t expect to get the pork loin into the hands of consumers until 2025, with commercial plants coming online in 2026, followed by mass production in 2027. Plans for the capital include hiring a team (currently it is just Martinez Marshall and Lu) and scaling. “We Novel Farms is also starting a seed round.