Budget hotelier OYO raising $1B

Indian budget hotel startup OYO is raising $1 billion from existing investors, including Softbank, to grow its domestic and China businesses, as well as expand into other international markets. The fundraise comes at a reported valuation of around $5 billion.

Instagram founders quit Facebook

Instagram co-founders Kevin Systrom and Mike Krieger are leaving parent company Facebook after eight years, saying they plan to take time off to explore and embark on their next chapter. The decision follows perceived moves by Facebook to curtail Instagram’s independence as an operating unit.

Big Auto races to keep pace with surging startups

There was a time when the most valuable players in automotive transport made lots of automobiles. No more. Today, only a handful of the largest global auto brands are valued higher than Uber. Crunchbase News takes a look at how valuations stack up, and how that’s driving Big Auto’s recent venture dealmaking.

Cargo raises cash for in-car commerce

Cargo, a startup offering a service for rideshare drivers to sell items like snacks and chargers, has raised $22.5 million in a round that appears to be led by Founders Fund, according to a securities filing.

Prefab home maker Plant raises $6.7M from Amazon, others

Home design and prefabrication startup Plant Prefab has raised a $6.7 million Series A round that included participation from the Amazon Alexa Fund, Obvious Ventures, and an unnamed lead investor.

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$40M / Series B

Contino is a global DevOps and cloud transformation company. The London, England-based company will use the new funding to accelerate growth and expand operations.


Information Technology · Internet Services · Software · Cloud Computing · Consulting · Professional Services


Matt Farmer, Benjamin Wootton


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Scot Gellock, Oliver Sharp, David Wortendyke, Robert Wahbe


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$22M / Venture Round

Cargo is an in-car service that allows rideshare passengers to order products on their phone. The New York-based company is focused on global expansion with a goal of reaching 25 million US passengers by the end of 2018.


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Jasper Wheeler, Jeff Cripe


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