Equity Equity Monday: Vice files for bankruptcy, Foxconn's investment in India, and two fascinating startup rounds
May 15, 2023
Media struggles take center stage as Vice files for bankruptcy, showcasing the tough reality of the industry. Meanwhile, Foxconn ramps up its investment in India, emphasizing the need for diversification away from China. In the startup realm, Smart raises $95 million despite a lower valuation, while M-KOPA secures significant equity and debt funding. The potential sale of Forbes adds another layer of intrigue to the financial landscape. All these big money moves highlight a dynamic week in finance and innovation!
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Media Business Challenges
- Vice's bankruptcy shows the difficulty of the media business.
- Its sale price is a small fraction of its peak valuation.
Manufacturing Diversification
- Foxconn's investment in India shows a key trend.
- Major electronics companies are diversifying manufacturing outside China.
Brex's Ambition
- Brex attempted to acquire part of SVB's portfolio.
- This highlights Brex's health and ambition.