World business news 07.04-13.04

Numan has raised $20 million in debt investment to help accelerate its growth and solidify its position as Europe’s leading consumer health brand for men

Kreos Capital has contributed $20 million to Numan’s expansion fund, bringing the total capital collected to $60.1 million.

Moove, an African mobility fintech, has raised $105 million in Series A funding

Moove demonstrates that a startup may raise money twice in a year: Moove, an African business, is making headlines again today after collecting a massive $105 million Series A2 round of funding. The company earlier raised a $23 million Series A round and $10 million in debt in the previous year. Moove assists ride-hailing drivers with vehicle financing, which appears to be a growing sector. The most recent round of funding includes $40 million in debt.

Metasky, a Web3 community startup, receives funding from Sequoia Capital India and the Woodstock Fund.

Metasky, a ‘bridge’ to Web3, was founded in 2021 by Ankit Arora and Prakhar Sharma.

Its Web3 wallet lets users purchase and store NFTs and other crypto tokens.

It also recently released its first project, Tanukibles, a community-driven play-to-earn game.

In Paris, Motto will debut a new electric bike subscription service

Motto is a new French firm that wants to sell electric bicycles in Paris. Rather than purchasing the bikes, Motto consumers will be able to rent them for a fixed monthly fee of €75.

ChannelEngine raises $50 million for a platform that enables businesses to sell on marketplaces

When it comes to selling online, marketplaces are the way to go, providing a one-stop shop for shoppers and retailers aiming to reach as many potential customers as possible while also achieving greater economies of scale in fulfillment and delivery. Although Amazon has become synonymous with marketplace retailing, it is by no means the only game in town. Today, ChannelEngine, a company that helps merchants connect with and sell on more than 200 marketplaces, announced a growth round of funding to enable it continue to grow its business in the face of increasing demand. The firm, which is based in Leiden, Netherlands, has raised $50 million in funding.

GoTo, an Indonesian firm, is planning an IPO that could raise up to $1.1 billion

GoTo Group, an Indonesian digital firm founded last year through the merger of ride-hailing behemoth Gojek and marketplace Tokopedia, wants to raise at least $1.1 billion (15.2 trillion rupiah) from an Indonesia initial public offering (IPO) on April 4th.

GoTo plans to offer up to 52 billion new Series A shares at a price range of 316 to 346 rupiah each, raising $28.8 billion at the high end of the range.

Perlego has raised $50 million to further its ambition of being the “Spotify of textbooks.”

Spotify paved the path for a new method of listening to music for consumers: pay a monthly price to stream everything you want without having to buy any physical or digital copies. After witnessing its platform grow through Covid-19, a startup called Perlego, which has been extending that approach to academic textbooks, has raised $50 million to develop its business.

Unicorn Licious, a D2C Meat and Seafood company, has raised $150 million in funding

The business has raised a total of $360 million from a variety of investors, including the current round and a $52 million unicorn-making round in October 2021.

While its valuation is unknown, it is believed to have exceeded $2 billion, given that Lenskart ($2.5 billion), FirstCry ($1.9 billion), and MyGlamm parent ($1.2 billion) are the three highest-valued D2C firms in India.

Licious has an annual revenue rate of INR 1,000 Cr, with a 500% year-on-year increase.

Doctolib, a healthcare technology platform, has been valued at $6.4 billion

Doctolib, a French business, has announced the completion of a fresh fundraising round. The company has now been valued at €5.8 billion, or $6.4 billion at today’s exchange rate, as a result of this round. Doctolib is now the most valuable French startup.

The company claims to have raised $549 million (€500 million) in stock and loan funding. The round is being led by Eurazeo, with participation from Bpifrance and General Atlantic, who have also invested in the company’s prior rounds.


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