Google in talks to invest in Facebook-backed Indian social commerce Meesho

Google has held discussions to invest over $50 million in Indian social commerce startup Meesho, which recently secured $570 million in a financing round, according to a source familiar with the matter. The Android-maker, which has backed over half a dozen startups in India, has yet to make the investment in Meesho, according to another person familiar with the matter. Meesho — which counts Facebook, B Capital, SoftBank, Sequoia Capital India, Y Combinator, Elevation Capital among its earliest investors — operates a three-sided marketplace that connects suppliers (manufacturers and distributors) and resellers with customers on social media platforms such as … Continue reading Google in talks to invest in Facebook-backed Indian social commerce Meesho

Brex just signed a term sheet for $300M at a $12.3B valuation

Fast-growing fintech Brex has raised $300 million in funding that propels it to decacorn status, just six months after it was valued at $7.4 billion, according to people familiar with the deal. The sources, who wished to remain anonymous since the deal is not yet public (although a term sheet has been signed), said corporate spend startup Brex is now valued at $12.3 billion. Greenoaks is said to be leading the investment, which also reportedly includes return backers who want more of a stake in the company after seeing the “strength” of the business. Brex is on track to double … Continue reading Brex just signed a term sheet for $300M at a $12.3B valuation