Uber has raised nearly $1 billion at a valuation close to $51 billion, the Wall Street Journal has reported. Microsoft and the investment arm of Indian company Bennett Coleman & Co., are said to be among the new investors. Uber has now raised approximately $6.9 billion to date. Microsoft invested around $100 million according to the Seattle Times. Uber will use the cash to expand across the globe.
Indian e-commerce marketplace Snapdeal has raised $500 million in investment, from Alibaba, SoftBank and Foxconn, according to Reuters. The deal could be concluded within the next few days, although Re/code reported on Sunday it was already finalized. Snapdeal’s main competitors are Flipkart and the Indian subsidiary of Amazon, and if the deal goes ahead, will be Alibaba’s first direct investment in India.
OYO Rooms, an Indian marketplace for budget hotels, has secured a $100 million round of funding led by SoftBank Group. The company has previously raised $25 million from Greenoaks Capital, Sequoia Capital and Lightspeed India, and all previous backer have participated in this latest round. “We want to solve the problem of lack of predictability of experience across hotels in the country. Our vision is to provide a standardized experience,” OYO Rooms founder Ritesh Agarwal was quoted by TechInAsia.
Zscaler, an internet security company, has closed a $100 million investment round led by TPG. Existing investors EMC and Lightspeed Ventures also participated in the funding. “Our mission is to make the Internet safe for business by delivering an amazing security platform that protects our clients and enables the strategic adoption of cloud computing, mobile devices and the Internet of Things,” said Jay Chaudhry, CEO of Zscaler. “The investment and partnership from TPG and the global relationships and experience they provide will enable us to accelerate investment in our technology, grow our customer base and aggressively scale our business to meet growing demand. We are excited to join an elite group of security companies valued in excess of $1 billion.”