DST Global

Flexport winning $8B valuation with tech-enabled global logistics

Global logistics platform Flexport announced Monday it is looking to close a $935 million series E investment round by the end of the first quarter that will value the company at over $8 billion.

The round is being led by Andreessen Horowitz and MSD Partners with participation from strategic investor Shopify; existing investors DST Global, Founders Fund and SoftBank Vision Fund 1; and new investor Kevin Kwok.

“Global trade is facing historic challenges, which demand innovative approaches that...

https://www.freightwaves.com/news/flexport-winning-8b-valuation-with-tech-enabled-global-logistics

Weee! raises $315M to expand ethnic grocery delivery network

Online ethnic grocery delivery platform Weee! announced it has raised $315 million in a Series D round led by DST Global, with participation from Tiger Global Management, Blackstone Group and Arena Holdings. The Fremont, California-based company has raised a total of $415 million, with Bloomberg reporting a $2.8 billion valuation.

Weee! caters to ethnic communities, mainly providing access to Asian and Hispanic foods. Weee! currently offers free delivery, on orders of $35 or more, for more than...

https://www.freightwaves.com/news/weee-raises-315m-to-expand-ethnic-grocery-delivery-network