Tech-Internet M&A and Investment Database

Be kept informed of the latest tech deals. Get up-to-the-minute analysis about the day’s most interesting fundings and exits. Internet DealBook is a database that tracks the latest angel, VC, private-equity investment and M&A activities across Internet- and technology-related private companies all around the world.

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Uber-inspired Lalamove pushes forward with $100 million Series C investment

Commentary

Following its $30 million Series B round, Lalamove sealed another $100 million last week with a valuation of almost $1 billion and Unicorn status. The Hongkong-based logistics startup, which sprang from an Uber-like concept back in 2013, seems to not be leaving any page unturned. While focusing on small to medium sized businesses, Lalamove has leveraged its mobile app technology with service order matching, real time delivery tracking, and a customers sharing system to achieve fast, simplified, and reliable fulfillment. Currently, it covers 100 cities in China and Southeast Asia, with 15 million registered users and 2 million drivers. Now, Lalamove looks to expand its reach in Hanoi, Jakarta, and Kuala Lumpur. It’s also keen at doubling the headcount, improving average delivery time, and adding features that promise greater customer engagement. With sharp focus, lean operations, and efficient systems, Lalamove has a chance to establish itself as the leader in Southeast Asia’s logistics industry, which accounts for 15% of the region’s economy.

Amazon’s acquisition of 3D-imaging firm Body Labs takes the ecommerce race further

Commentary

Last week, Amazon acquired tech startup Body Labs at an estimated sales price of $50 million to $70 million. The New York-based company, which can generate 3D body model using single image, hails its technology from human-aware AI called SOMA. With its AI-driven software, Body Labs fits well into Amazon’s businesses. The 3D imaging system fits perfectly with apparel in bringing out customized offerings, better size recos, and reduced product returns. When matched with Amazon’s Echo Look, an AI-powered device for capturing style selfies, the 3D body modeling can enhance consumers’ online shopping towards a more personalized experience. As ecommerce outlook remains positive with global online sales seen to balloon to $4.5 trillion by 2021, more consolidating and expansionary moves similar to Amazon’s recent acquisitions may be expected in the offing. Last week also saw other major ecommerce players actively acquiring tech companies, such as Walmart’s acquisition of Parcel, and Flipkart buying eKart and PhonePe.

Royole Corporation raises $800 million in Series D funding

Commentary

According to tech research firm IHS Technology, flexible displays could be the future of mobile technology. Based on its market forecast, over half of all display shipments will consist of flexible screens by 2024. Even more interesting, 51% of all flexible displays are predicted to be foldable by 2020. With estimates this promising, it’s no surprise why investors are bullish on flexible display technologies. Last week, Royole Corporation, the maker of the world’s thinnest full-colour flexible display, has raised a total of $800 million in its Series D funding round from a consortium of investors. The round consisted partly of $560 million in debt financing and $240 million in equity financing. The Chinese startup, which was co-founded in Silicon Valley, is a pioneer in the field of advanced flexible displays. The new round of funding will help the company infuse more resources into R&D, production, and other fields to fast-track its growth. The company is now constructing a flexible OLED production facility in Shenzhen, China. Other players in the field, like South Korea’s Samsung Display and LG Display, as well as Taiwan’s Innolux, have all started producing their own versions of flexible displays.

UK’s Deliveroo raises $385 million

Commentary

Despite facing fierce competition from the likes of UberEATS and Amazon Restaurants, Deliveroo, the UK-based food delivery startup that brings high-end restaurant food to homes, has raised $385 million in a new funding round led by US firms T. Rowe Price and Fidelity. The company now has a total funding of $860 million and is valued at over $2 billion. So, what makes Deliveroo so enticing to investors? According to sources, Deliveroo had a 25% month-on-month growth since inception in 2013 and £130 million in revenue last year. It’s also worth noting that with its billion-dollar unicorn status, Deliveroo could be on its way to a stellar IPO, as predicted by Future Fifty, a network of UK’s fastest growing tech companies.