Omidyar Network

Goldman Sachs-backed ZestMoney, once valued at $450M, sold to DMI in fire sale

ZestMoney, the Goldman Sachs-backed Indian fintech startup once valued at $450 million, has sold itself to financial services firm DMI Group, the two said late Wednesday, in a fire sale that caps 12 t

Omidyar Network pulls out of India

Omidyar Network, backed by eBay founder Pierre Omidyar, is shutting down its India operations, two sources familiar with the matter told TechCrunch, in a stunning development for the impact venture fi

Digital ID tech is moving fast. #GoodID will ensure it doesn’t break things

The Good ID approach involves following a framework of practices to design ID programs and policies that empower people to freely and safely engage with the digital world.

LA’s socially conscious bank challenger, Aspiration, launches a carbon offset credit card

Aspiration, the financial services business for socially conscious consumers, is back with another environmentally friendly offering for its customers — this time, it’s a credit card. The

$1.3M in grants go toward making the web’s open-source infrastructure more equitable

Open-source software is at the core of… well, practically everything online. But while much of it is diligently maintained in some ways, in others it doesn’t receive the kind of scrutiny t

DealShare raises $21 million to expand its e-commerce platform to 100 Indian cities and towns

DealShare, a startup in India that has built an e-commerce platform for middle and lower-income groups of consumers, said on Tuesday it has raised $21 million in a new financing round as it looks to e

India’s Byju’s acquires WhiteHat Jr. for $300 million

Byju’s has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country. The all-cash deal makes 18-month-old Mumbai-he

Two-year-old Indian edtech startup Doubtnut raises $15M

Doubtnut, a Gurgaon-based startup that operates an app to help students learn and master concepts from math and science using short videos, has raised $15 million in a new financing round as it looks

Goldman Sachs leads $15M investment in Indian fintech startup ZestMoney

One of America’s largest banks has just poured in some money to help millions of Indians without a credit score secure loans and make purchases online for the first time in their lives. Bangalor

Nigeria’s Rensource raises $20M to power African markets by solar

Nigerian startup Rensource Energy has raised a $20 million Series A round co-led by CRE Venture Capital and the Omidyar network. The renewable energy company builds and operates solar-powered micro-ut

Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M

Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without a

Latin America roundup: Neobanks raise $205M+; Softbank backs VTEX

Argentina’s Ualá became the most recent Latin American fintech to receive a growth-stage funding ($150 million) from Asian investors, Tencent and Softbank.  This marks Tencent’s second round of

India’s Bounce raises $72 million to grow its electric scooters business

Bounce, a Bangalore-based startup that offers thousands of electric scooters for rent in India, has raised $72 million to accelerate its bid to impact how people navigate India’s traffic-clogged

Pratilipi, a ‘YouTube for writers’ storytelling platform in India, raises $15 million

Pratilipi, an app that is uniting writers in India and encouraging others to try their hand at storytelling, has just raised $15 million to expand its network in the nation. The Series B financing rou

India’s ZestMoney raises $20M to grow its digital lending service

Fintech is very much still hot in Asia. ZestMoney, a startup that helps consumers with no credit history get loans to buy online, announced today it has raised a $20 million Series B. The round is led

Flipkart co-founder and other top names join AngelList’s first investment syndicate in India

A little over a year after it introduced Syndicates to the India market, AngelList — the U.S. service that helps connect companies with investors — is rolling out its own fund in the count

Omidyar Network spins out its fintech investment arm as Flourish, with up to $300 million

After twelve years spent investing in impact-oriented financial services startups around the globe, the Omidyar Network, which serves as the family investment office for eBay founder Pierre Omidyar, i

CEO of Rappler, a media company critical of the Philippines government, is arrested

There’s serious concern around press freedom in the Philippines after Maria Ressa, the CEO of independent media company Rappler, was arrested last night. Ressa, who was CNN’s bureau chief

Ne-Yo wants to make Silicon Valley more diverse, one investment at a time

Ne-Yo made his first investment in the coding academy Holberton School about a year ago. This month, he visited the campus for its grand opening and spoke to TechCrunch about his Silicon Valley ambiti

With a $10 million round, Nigeria’s Paga plans global expansion

Jake Bright Contributor Share on X Jake Bright is a writer, author and advisor with a focus on global business, politics, and technology. From 2017 to 2020, he was a contributing writer and advisor at
Load More