Tag Archives: Rakuten

Cabify raises $120 million at $320 million valuation

In the highly competitive world of on-demand transportation, there is never a shortage of ride-haling startups trying to be the number one. In Spain, Cabify is considered as the country’s biggest player, operating in 14 different cities across Spain and Latin America. Today, the company announced it has raised $120 million from Rakuten and other investors. The round values the Uber competitor at around $320 million. According to the company, it plans to use the capital to expand into major cities like São Paulo, Rio de Janeiro and Buenos Aires, as well as other cities in Europe.

You can read about the funding here.

Top 20 Acquisitions for November 2015

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$5,900,000,000King DigitalActivision BlizzardGamesAcquisition
3$3,000,000,000Aruba NetworksHewlett-PackardHardware & InfrastructureAcquisition
5$1,400,000,000Electronic Funds SourceWEXTransactionsAcquisition
6$1,200,000,000VirtustreamEMCSoftware & ServicesAcquisition
7$910,000,000Altegra HealthEmdeonTransactionsAcquisition
9$810,000,000TrustwaveSingtelSoftware & ServicesAcquisition
10$700,000,000AcanoCiscoSoftware & ServicesAcquisition
11$687,000,000Menulog GroupJust EatTransactionsAcquisition
13$589,000,000Yemeksepeti Delivery HeroTransactionsAcquisition
14$534,000,000iPropertyREA GroupTransactionsAcquisition
15$500,000,0001010dataAdvanceSoftware & ServicesAcquisition
16$453,000,000LancopeCiscoSoftware & ServicesAcquisition
19$360,000,000Ticket MonsterKKR ConsortiumEcommerceAcquisition
20$350,000,000Annapurna LabsAmazonSoftware & ServicesAcquisition

More information

  1. Activision Blizzard to acquire King Digital for $5.9B (GIGA OM)
  2. Verizon Agrees to Buy AOL for $4.4 Billion (Wall Street Journal)
  3. HP to acquire Aruba Networks for about $3B (CNBC)
  4. LinkedIn to Acquire Lynda.com for $1.5BN (FinSMEs)
  5. WEX to Buy Electronic Funds Source From Warburg Pincus for $1.4 Billion (The Wall Street Journal)
  6. EMC Continues Shift To Cloud With $1.2B Virtustream Purchase (TechCrunch)
  7. Emdeon to Acquire Altegra Health for $910M (FinSMEs)
  8. PayPal to Acquire Xoom for $890M (FinSMEs)
  9. Singtel buys US cybersecurity firm for US$810M (Tech In Asia)
  10. Cisco Snags Acano for $700 Million To Enhance Video Conferencing Capability (TechCrunch)
  11. Just Eat Snaps Up Menulog For $687M To Enter Australia And New Zealand (TechCrunch)
  12. Expedia gives up on China partner, sells off $671M majority stake in eLong (Tech In Asia)
  13. Delivery Hero Eats Up Turkey’s Yemeksepeti For A Record $589M (TechCrunch)
  14. iProperty to be sold for $534M in one of largest ever buyouts of Southeast Asian web firm (Tech in Asia)
  15. Advance Acquires 1010data for $500M (FinSMEs)
  16. Cisco Beefs Up Security, Buys Lancope For $453M (TechCrunch)
  17. Pandora to Acquire Ticketfly for $450M (FinSMEs)
  18. Rakuten Buys Ebook And Audiobook Platform OverDrive For $410M (TechCrunch)
  19. Groupon Sells 46% Of Korea’s Ticket Monster To KKR Consortium For $360M (TechCrunch)
  20. Amazon buys secretive chip maker Annapurna Labs for $350 million (Extreme Tech)

Rakuten invests in Lyft

Uber is considered as the cream of the crop among investors’ portfolios and the company has pretty much snagged the biggest tech funding deals in history. Since many major investors have already funded Uber, it seems that Lyft’s options for investors have become quite limited. One of the companies that came to Lyft’s aid is Japan’s biggest ecommerce company, Rakuten. Although majority of its investments and acquisitions have traditionally been in the ecommerce space, Rakuten paid $300 million for an 11.9% stake in the ride-sharing pioneer. New investor Fortress Investment Group was also involved in the fundraising round. The new investment values Lyft at $2.5 billion and brings its total funding to more than $850 million. Although Lyft’s valuation is way behind Uber’s $40 billion, the company has been growing 500% per year in both number of rides and revenue, according to its president John Zimmer. Now the big question is, after Rakuten, can Lyft attract other major investors to boost its fundraising so it can finally go head-to-head with Uber?

Top 20 Deals for October 2014

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$19,000,000,000WhatsAppFacebookMobile & AppsAcquisition
2$9,670,032,000OnoVodafoneHardware & InfrastructureAcquisition
3$9,247,968,000Global Village TelecomTelefonicaHardware & InfrastructureAcquisition
4$5,700,000,000TW TelecomLevel 3Software & ServicesAcquisition
5$5,300,000,000MICROS SystemsOracleHardware & InfrastructureAcquisition
6$3,500,000,000 Trulia ZillowTransactionsAcquisition
7$3,200,000,000Nest LabsGoogleHardware & InfrastructureAcquisition
8$3,000,000,000Beats ElectronicsAppleHardware & InfrastructureAcquisition
9$2,500,000,000Compuware Thoma BravoSoftware & ServicesAcquisition
11$2,300,000,000IBM (x86-based server business)LenovoHardware & InfrastructureAcquisition
12$2,300,000,000ConversantAlliance DataMarketingAcquisition
13$2,000,000,000Oculus VRFacebookHardware & InfrastructureAcquisition
14$1,650,000,000Mercury Payment VantivTransactionsAcquisition
15$1,500,000,000AirWatchVMWareMobile & AppsAcquisition
17$1,200,000,000Multimedia Games Global Cash AccessGamesAcquisition
18$1,100,000,000Fusion-ioSanDiskHardware & InfrastructureAcquisition

More information

  1. Facebook Buying WhatsApp For $19B, Will Keep The Messaging Service Independent (TechCrunch)
  2. Vodafone completes €7.2 billion acquisition of Ono (Vodafone)
  3. Vivendi, Telefonica seal 7.2-billion-euro Brazilian broadband deal (Reuters UK)
  4. Level 3 Agrees to Buy TW Telecom in $5.7 Billion Deal (Bloomberg)
  5. Oracle buys MICROS Systems for $5.3 billion (ZDNet)
  6. Zillow To Acquire Trulia In $3.5B Stock-For-Stock Deal (TechCrunch)
  7. Google buys Nest Labs for $3.2 billion (CNN)
  8. Apple finally confirms its $3B acquisition of Beats Electronics (VentureBeat)
  9. Compuware to Be Acquired by Thoma Bravo for $2.5 Billion (Wall Street Journal)
  10. Minecraft’ Developer Mojang Acquired by Microsoft for $2.5 Billion as Notch Moves On (TouchArcade)
  11. Lenovo agrees to buy IBM’s server business for $US2.3 billion (ARN)
  12. Alliance Data to acquire Conversant for $2.3 billion (LA Times)
  13. Facebook is buying Oculus for $2B to ‘get ready for the platform of tomorrow’ (VentureBeat)
  14. Vantiv Buys Mercury Payment From Silver Lake for $1.65 Billion (Bloomberg)
  15. VMWare’s $1.5B AirWatch Buy All About Mobile Workplace (TechCrunch)
  16. Uber Closes $1.2BN Financing Round (FinSMEs)
  17. Global Cash Access to Acquire Multimedia Games (Owler)
  18. SanDisk to acquire Fusion-io for $1.1BN (FinSMEs)
  19. India’s Flipkart Raises $1 Billion, Among The Largest In Single Funding Round In Global E-Commerce (Forbes)
  20. Rakuten Buys Ebates For $1 Billion (TechCrunch)