Alibaba ’s on-demand online services unit soars to $30 billion valuation

Alibaba’s on demand unit soars to $30B valuation

Alibaba ’s newly formed on-demand online services division has reportedly surged in value to as much as $30 billion, after raising $4 billion in fresh funds. The China-based e-commerce giant recently formed the on-demand unit by combining food delivery service Ele.me and restaurant guide business Koubei.

Turvo secures $60M Series B

San Francisco-based Turvo, developer of a software platform for managing logistics and supply chain, has raised $60 million in a Series B round led by Abu Dhabi’s Mubadala Investment Company.

Brazil’s Monashees raises largest fund yet

Brazil-based venture firm Monashees raised $150 million for its eight fund, its largest to date, which will invest in Latin American technology startups.

Coder snags seed funding

Coder, a startup led by three 20-year-old founders, has raised $4.5 million in a seed funding round co-led by Uncork Capital and Redpoint Ventures. The Austin-based company is building a cloud-based development suite.