Amazon Leads $12 Million Funding Round in Acko

Ecommerce major Amazon led a funding round worth $12 million in Indian insurance startup, Acko. The move is part of Amazon’s strategy to invest in financial service segments in India. The other players in the funding round include Ashish Dhawan, the founder of private equity fund, ChrysCapital and NR Narayana Murthy’s Catamaran Ventures. Amazon had held a discussion with representatives…

Grabr raises $8 million to let travelers deliver goods to international shoppers

Grabr, a peer-to-peer marketplace that pairs travelers with international shoppers, has raised $8 million in a series A round of funding led by Foundation Capital, with participation from a number of angel investors, including Facebook executive Javier Olivan and Square’s product engineering lead, Gokul Rajaram. Founded out of San Francisco in 2015, Grabr is essentially a platform that connects travelers…

Logistics startup Freightos lands $25 million in funding from GE Ventures

Logistics startup Freightos lands $25 million in funding from GE Ventures Eustan

Freightos, a startup that wants to digitize more of the international logistics process, announced today that it has raised a $25 million Series B extension round led by GE Ventures, General Electrics’ venture capital arm. This brings the total funding raised by Freightos, which was founded in 2012 and is based in Hong Kong, to $50 million. Its initial Series…