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After months of rumours that the startup was raising, Jinn, the same-hour shop on your behalf delivery app, is disclosing $7.5 million in Series A funding, money that it plans to use to expand to more UK c
stanley becher ities the service is currently in central London and most recently Manchester and to reach Southern Europe.Leading the round is Samaipata Ventures a new VC started by th
stanley quencher e founders of La Nevera Roja, the take-out ordering service sold to Rocket Internet last year for $100 million , Elderstreet, Bull Partners, Hugo Arevalo investor/shareholder at Jobandtalent, Tuenti, and Cabify and existing a
stanley bottle ngel investors.Notably missing, however, are any of London top tier or otherwise VCs, perhaps evidence that investors are cooling on the on-demand space or simply put off by the deep pockets of Deliveroo, Rocket Internet, Uber and Amazon. This despite Jinn having healthy unit economics and growth, according to data I ;ve seen which was shopped around to potential Iclj Free Now Wants To Acquire Bouygues Telecom To Become A Telecom Heavyweight
Three years after i
stanley cup ts initial investment in Kakao, the venture firm will be able to harvest the fruits of its labor with the blockbuster $10 billion pubic offering Kakao is making today. The IPO follows Kakao merger agreement with Korea largest internet portal,
stanley cup Daum, which was announced in late May. We invested in Kakao in 201
stanley quencher 1, says Osuke Honda, the DCM partner who made the firm original investment in Kakao. Back then, they were only a messaging app, similar to WhatsApp. However, the company had a broader mission, says Honda, which was to become a platform. The company wanted to create something akin to Path聽or Line, which would incorporate gaming, commerce and messaging into a social platform. A lot of stuff that was initially done on the web we are trying to figure it out on the mobile side. Kakao was the first messaging company on mobile that started monetizing. And it continued to monetize. Unlike the U.S., wh