UK Gov’t Leads $56M Round For Daraz, Rocket’s Amazon Clone In Pakistan, Bangladesh And Myanmar

 Earlier this month, Rocket Internet announced that it would be stepping up aggressive growth in Asia once more, with one new launch per quarter to expand in emerging markets. Today, the e-commerce giant is following through on that strategy: Daraz — an e-commerce portal modelled… Continue Reading

Founders Fund Leads $33.5M Round For Modumetal, Maker of Nanolaminated Metals For The Oil And Gas Industry

 Founders Fund, the venture firm co-created by Peter Thiel, is entering yet another surprising area that you don’t commonly see with Silicon Valley VCs. They’re backing a materials sciences company called Modumetal, which is making nanolaminated metals for use in… Continue Reading