WeWork is set to get $6 billion via a $2 billion letter-of-credit and a $4 billion delayed-draw term loan if it raises at least $3 billion in its Initial Public Offering (IPO), Bloomberg reported. The co-working space startup had confidentially filed for IPO in April. … Read more
Bengaluru-based bike-sharing startup Bounce is reportedly raising $200 million, with the majority of the funding slated to come from Accel US and Facebook Co-founder Eduardo Saverin’s investment firm B Capital. Existing investors Flipkart Co-founder Sachin Bansal-led BACQ, Sequoia India, Qualcomm and others may also participate. … Read more
SoftBank Group’s Founder and CEO Masayoshi Son has said the Japanese conglomerate’s second, $108 billion Vision Fund could start investing as soon as next month. The second fund has received backing from Microsoft, Apple and Kazakhstan, among others, with $38 billion coming from SoftBank itself. … Read more
