Fundings and Exits

So far, 2017 is shaping up to be a pretty good year for technology unicorns. Private investors are minting about one new unicorn a week this year, roughly the same pace as 2016. More existing unicorns are going public. And for those remaining private, capital continues to flow in while disclosed valuations are mostly holding
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Magicpin, an India-based company that combines elements of Foursquare with offline-to-online services, has closed a $7 million Series B round. The money comes from existing backers Lightspeed India Partners, Westbridge and undisclosed overseas investors, and it takes the startup past $10 million raised to date. The two-year-old company was founded by former Lightspeed investor Anshoo
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Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: 2017 is miles ahead of 2016 when it comes to IPOs. Instead of the mere two tech IPOs we had this time last year, there have been at least 10, depending on what you
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Naspers has taken a bite out of yet another food delivery startup, with its commitment to lead and $80 million investment in the Indian online ordering and food delivery startup, Swiggy. The global internet and entertainment conglomerate has invested in several online food ordering and delivery companies worldwide, including the Brazilian company iFood and, in
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