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World's richest YouTuber MrBeast seeks funding for business at $5 bn valuation
Inshorts
·
5m ago
Medial
World's richest YouTuber Jimmy Donaldson or 'MrBeast' is looking to raise funding to expand his business in a round that would end up valuing his business at $5 billion, Bloomberg reported. He's raising funding for a holding company that owns all or parts of his business. His businesses include chocolate brand Feastables, snack company Lunchly and his video production company.
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MrBeast’s $5 million game show for Prime Video could one-up Netflix’s Squid Game
The Verge
·
1y ago
Medial
YouTuber MrBeast, known for hosting large-scale competitions on his YouTube channel, is partnering with Prime Video for a new reality competition series called Beast Games. With a $5 million prize, it's set to be the largest reward in TV and streaming history. While specific challenges for the competitors have not yet been announced, MrBeast has previously organized similar events on his channel, including a Squid Game-themed competition. Beast Games will be exclusively available on Prime Video in over 240 countries and territories, with MrBeast serving as executive producer.
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YouTuber MrBeast joins bid to acquire TikTok US amid 75-day deadline
Economic Times
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6m ago
Medial
YouTuber MrBeast has joined American investors aiming to acquire TikTok's US business amid a 75-day deadline for resolving its ownership to avoid a ban. MrBeast, real name Jimmy Donaldson, expressed willingness to buy TikTok, supporting a bid led by tech entrepreneur Jesse Tinsley. The group has submitted an all-cash offer, with the aim of partnering with the US government to secure TikTok for American users. TikTok's Chinese owner, ByteDance, currently resists the sale.
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OfBusiness to raise up to $200 mn, eyes $6 bn value
Livemint
·
1y ago
Medial
Business-to-business (B2B) marketplace OfBusiness is seeking to raise $150-200 million in a funding round to achieve a valuation of $6 billion. The Delhi-based company has approached sovereign wealth funds, private equity funds, and crossover funds for investment and has appointed Avendus as its investment bank. OfBusiness, which provides purchasing services to manufacturing and infrastructure companies, was last valued at $5 billion in 2021. The new funding round will comprise primary and secondary funding, with some early backers looking to sell shares. OfBusiness is eyeing an IPO within the next 12-24 months.
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OpenAI Co-founder Ilya's startup seeks $20 bn valuation: Report
Inshorts
·
6m ago
Medial
OpenAI Co-founder Ilya Sutskever's startup Safe Superintelligence (SSI) is in talks to raise funding at a $20 billion valuation, Reuters reported. The startup, which has not generated any revenue yet, raised $1 billion in September last year at a reportedly $5 billion valuation. Sutskever launched SSI in June 2024 after leaving OpenAI in May.
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Musk's xAI seeks $20 bn funding at $120 bn valuation: Report
Inshorts
·
3m ago
Medial
Elon Musk's xAI Holdings is in talks to raise $20 billion in fresh funding at a valuation of over $120 billion, Bloomberg reported. If successful, this would be the second-largest startup funding round after OpenAI's $40 billion raise at a $300 billion valuation last month. In March, Musk sold his social media platform X to xAI for $45 billion.
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Perplexity plans to raise up to $1 bn at $18 bn valuation
Inshorts
·
4m ago
Medial
Perplexity AI is in early talks to raise up to $1 billion in funding at $18 billion valuation, Bloomberg reported. This new funding round could potentially double the AI startup's valuation from $9 billion as of December. Led by CEO Aravind Srinivas, the startup is backed by NVIDIA, Amazon Founder Jeff Bezos and Japan's SoftBank Group.
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Elon Musk loses world’s richest person title to Jeff Bezos
Economic Times
·
1y ago
Medial
Elon Musk has lost his position as the world's richest person to Jeff Bezos after Tesla shares tumbled on Monday. Musk's net worth is now $197.7 billion, while Bezos holds a fortune of $200.3 billion. This change marks the first time Bezos has topped Bloomberg's ranking since 2021. The gap between Musk and Bezos has been narrowing as Amazon shares soar while Tesla shares decline. Musk's wealth may further decline after a Delaware judge invalidated his $55 billion pay package at Tesla. Bezos first became the world's richest person in 2017 but had been competing with Musk for the top spot last year.
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Another Valuation Cut: Fidelity Now Values Meesho At $3.5 Bn
Inc42
·
1y ago
Medial
Asset management company Fidelity has once again decreased the valuation of Indian ecommerce startup Meesho, now valuing it at $3.5 billion. This marks a decline of 29% from Fidelity's previous valuation of $4.9 billion for Meesho. Fidelity had previously reduced Meesho's valuation to $4.1 billion in October. Meesho is now considering expanding into financial services and growing its grocery delivery business in the next financial year.
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Indian billionaires Ambani, Adani set to attend G20 summit dinner
Reuters
·
1y ago
Medial
India's richest businessmen, led by rivals Mukesh Ambani and Gautam Adani, will join G20 leaders at a dinner in the capital on Saturday, as the South Asian nation showcases its position as the world's fastest growing major economy.
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Zepto raises fresh funds from Elcid Investment at $2.26 Bn valuation
Entrackr
·
12d ago
Medial
Zepto raises fresh funds from Elcid Investment at $2.26 Bn valuation Quick commerce platform Zepto raised Rs 7.5 crore from Elcid Investment at a valuation of Rs 19,231 crore ($2.26 billion), according to its stock exchange filing. This investment comes at a time when Zepto is reportedly in talks to raise $500 million at a valuation of $7 billion led by existing backers General Catalyst, Avenir and others. As per the filing, Elcid Investment is set to acquire 22,55,639 equity shares of Zepto at a price of Rs 33.23 per share, translating to a 0.039% equity stake in the company. According to Entrackr’s estimates, Zepto is now valued at Rs 19,231 crore (approximately $2.26 billion), reflecting a 50% drop from its previous $5 billion valuation during its $340 million fundraise in August last year. Zepto’s total turnover surged 2.5X to Rs 11,110 crore in FY25, up from Rs 4,454.5 crore in FY24. In FY23, the company reported a turnover of Rs 2,024.4 crore, marking a consistent doubling of revenue each fiscal year. Zepto recently completed its shift in domicile from Singapore to India as part of its preparations for a public listing, which has now reportedly been deferred to FY26. Zepto competes with other major quick commerce platforms, including Eternal-owned Blinkit, which reported Rs 2,400 crore in revenue for Q1 FY26, surpassing Eternal’s food delivery business. Meanwhile, rival Swiggy Instamart is yet to file its Q1 FY26 financials.
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