Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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India’s CARS24 raises $450M at $1.84B valuation
CARS24, an India-based e-commerce platform for used vehicles, announced it has raised $450 million in fresh funding at valuation of $1.84 billion.
The financing consists of $340 million in Series F equity and $110 million in debt. DST Global, Falcon Edge and SoftBank Vision Fund 2 led the Series F equity round for the 6-year-old company.
— Joanna Glasner
Heartcore closes $250M consumer fund
Heartcore, a Copenhagen-based venture fund that invests in consumer-focused startups in Europe, raised $250 million for its newest fund. The firm invests around the thesis of “making people happy” through tech-enabled consumer businesses. The fundraise consists of a $200 million Fund IV and a $50 million vehicle to make follow-on investments in existing portfolio companies.
— Joanna Glasner
Logistics
Altana AI snags $15M for supply chains: Altana AI, developer of an artificial intelligence-powered platform for navigating global supply chains, raised $15 million in a Series A funding led by Google‘s GV.
— Joanna Glasner
Illustration: Dom Guzman
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