Weibo, the Chinese microblogging platform, will invest $142 million in taxi-haling startups Didi Taxi and Kuaidi Taxi. The two firms merged in February to form Didi Kuaidi, which Reuters reports to be worth $6 billion. The company will hope to use the funds to ward off the likes of Uber in the highly competitive taxi-hailing market.
Twenga, a London-based search engine for e-commerce, has closed a €10 million ($10.9 million) funding round from Idinvest Partners. The company, which is currently active in the U.K. and Germany, will use the funds to expand internationally.
NewsWhip, which tracks and analyzes social media content, has raised more than $1.6 million in funding from backers including Tribal VC, the Associated Press and the AIB Seed Capital Fund. The Dublin and New York-based company was founded in 2011 and has previously raised $1.1 million in 2013.
Ingogo, a mobile payments and transportation networks company, has secured $12 million in Series C funding, valuing the company at nearly $100 million. Ingogo raised $4.2 million of the total from the crowdfunding platform VentureCrowd. The Australian-based company will use the funds to expand into Brisbane, Perth and Adelaide.
Yonder, an outdoor recreation mobile app, has closed a $2 million in seed funding. Vermont Seed Capital Fund, Monster Worldwide and angel investors participated in the funding round, and the company’s board has approved a further $1 million fundraise. “In less than two years, Yonder has become one of the largest and most relied-upon social media resource for outdoor enthusiasts,” said David Tyler, Chief Yonderer. “This round of financing will allow us to continue our mission of inspiring and enabling a love for the outdoors, as well as improve the relationship between outdoor enthusiasts and the outdoor and adventure travel industries.” The company will use the funds to further build out its platform.