Rivian motors to $11.9bn IPO
US-based electric truck developer Rivian went public on the Nasdaq Global Select Market in an $11.9bn IPO that marked the exits for corporates Amazon, Ford, Cox Enterprises, Sumitomo and Abdul Latif Jameel.
Paytm puts together $2.5bn IPO
One97 Communications, the owner of payments service Paytm, is set to raise $2.5bn in its IPO.
Nykaa nabs $721m in initial public offering
FSN E-Commerce Ventures, the corporate-backed operator of fashion e-commerce platform Nykaa – an online beauty, personal and pet care product marketplace that also offers its goods through more than 80 brick-and-mortar retail partners across India – secured more than $721m in its initial public offering.
PharmEasy fishes for $842m in IPO
API Holdings the corporate-backed owner of India-based digital drugstore operator PharmEasy, filed for an IPO equal to $842m on the Securities and Exchange Board of India.
DoorDash orders up $8.1bn Wolt acquisition
Online food ordering service DoorDash agreed to acquire Wolt, a Finland-based food and consumer delivery service that counts internet group Prosus as an investor, in a €7bn ($8.1bn) all-share deal.
GoTo gets $1.3bn in pre-IPO funding
GoTo Group, the Indonesia-based company formed by the merger of e-commerce marketplace Tokopedia and ride hailing service Gojek, reportedly secured over $1.3bn from investors including Google and Tencent as it prepares to go public at a valuation of up to $30bn.
Xiaohongshu sells corporates on $500m round
China-based social commerce app developer Xiaohongshu has reportedly raised $500m from investors including internet group Tencent and e-commerce firm Alibaba.
Lime scoots to $523m in financing
US-based urban mobility service Lime – which provides electric scooter and bicycle rental services in 120 cities worldwide – has raised $523m in convertible debt and term loan financing from investors including ride hailing service Uber.
FTX, Solana and Lightspeed launch $100m fund
Cryptocurrency exchange FTX and US-headquartered public blockchain platform developer Solana’s corporate venturing unit, Solana Ventures, have launched a $100m gaming fund with venture capital firm Lightspeed Venture Partners.
Cadenza catches investors for $50m crypto fund
US-based venture capital firm Cadenza Ventures has raised $50m for an early-stage cryptocurrency-focused vehicle anchored by mutual fund manager VanEck Associates.
Emerson establishes $100m investment fund
Emerson, a US-headquartered producer of manufacturing automation technology, has launched a $100m corporate venturing vehicle called Emerson Ventures, with plans to deploy that capital over the next five years.