SoftBank in talks to back India’s ElasticRun

SoftBank Vision Fund 2 and Goldman Sachs are in talks to back Indian commerce startup ElasticRun, according to four people familiar with the matter. The proposed Series E financing round, whose size is about $200 million, values Elastic Run at over $1 billion, the sources said, requesting anonymity as the deliberations are ongoing and private. […]

India’s OfBusiness valued at $5 billion in $325 million funding

OfBusiness, a New Delhi-headquartered startup that sells industrial goods and provides small businesses with credit, has secured its fourth financing round this year and is now valued at about $5 billion. Alpha Wave Global, Tiger Global, and SoftBank Vision Fund 2 led the startup’s $325 million Series G financing round. Alpha Wave Global, formerly known […]

HR tech startup Sense valued at $500 million in SoftBank Vision Fund 2-led funding

Sense, an HR tech startup that helps some of the world’s largest staffing and recruitment agencies timely find and hire talent, has grown its valuation to $500 million in a new financing round, a person familiar with the matter told TechCrunch. The San Francisco-headquartered startup has raised $50 million in its Series D financing round, […]

As companies search for hourly workers, Fountain brings in $85M to assist them

You may have visited some quick-service restaurants or other retailers in the past few months and noticed signs posted with shortened hours or not being open on a certain day. Dubbed “The Great Resignation,” the mass exodus of hourly workers over the past 18 months has now resulted in a competition for talent. So much […]

SoftBank backs Cloudbeds as hospitality industry awakens from its COVID slumber

As U.S. hotel occupancy hit pre-pandemic levels this summer, the hospitality industry is bracing for what is expected to be a rush of activity as people resume travel. There are some tailwinds pushing those sails: The largest population of future travelers was born after 1979, and after saving more money over the last decade they […]

SoftBank-backed Flock Freight is the freight industry’s newest unicorn

The global shipping and freight industry has never been more in the spotlight, as the pandemic and other disruptions have led to enormous supply chain bottlenecks. While trucking logistics company Flock Freight can’t solve the global supply chain crisis, it could help get goods to their destinations faster and with less waste. Less than a […]

SoftBank’s latest proptech bet is leading Pacaso’s $125M Series C

Less than six months after raising $75 million, Pacaso — a real estate platform which aims to help people buy and co-own a second home — announced today that it has raised $125 million at a $1.5 billion valuation. SoftBank Vision Fund 2 led the Series C funding round for Pacaso, which essentially went from […]

Whoop raises another $200M for its athlete-focused fitness wearable

Founded in 2012, Whoop is far from a household name in the world of fitness trackers. But over the years, the company has attracted its share of converts. It hasn’t had any issue attracting venture capital over the years, either. Last time we checked in on the Boston-based company was in late-2019, when it raised […]