Equity

Equity Tuesday: Everyone is raising money at the same time

Jun 1, 2021
Recent global tech news includes Tata's acquisition of BigBasket, igniting an ecommerce battle in India. Meanwhile, China’s crackdown on edtech is causing an IPO freeze. A flurry of funding rounds is underway, with significant investments like WeFox's $650 million and Chipper Cash's $100 million. The semiconductor shortage is still affecting delivery schedules for companies like Nio. The landscape is buzzing with startup activity and surprising acquisitions, making it an exciting time in the private markets!
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INSIGHT

Weekend Tech News

  • Several global tech news items emerged over the weekend, even with the US holiday.
  • These include Tata's acquisition of BigBasket, China's edtech crackdown, and Wejo's SPAC IPO.
INSIGHT

Busy Week Ahead

  • This week is expected to be busy with startup announcements and funding news.
  • Over $1B was invested in European startups by mid-morning, and numerous funding rounds were announced in the US.
INSIGHT

Cloudera Acquisition

  • Private equity firms are acquiring Cloudera for $5.3B.
  • This represents a 24% premium on Cloudera's previous public value, which isn't substantial due to the company's performance.
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