The Series G round, which includes a mix of primary and secondary transactions, would value the 10-year-old startup at about $1.8 billion post-money, three people familiar with the matter said, broadly in line with its previous valuation. Nearly $90 million of the round is primary, people said; Existing investor Accel has already wired about $44 million of that amount, with some details of the investment appearing in regulatory filings in India this week, which Indian outlet Entrackr first reported. A new investor is participating in the remaining portion of the primary, but TechCrunch could not confirm its specifics. WestBridge Capital is doubling down in the new round with a check of a similar size to its previous investment, the people said. The firm invested about $35 million to $40 million in Spinny's Series F round earlier this year. In March, Spinny raised $131 million in the first part of its Series F round led by Accel, with participation from Fundamentum, before expanding the raise to about $170 million in June to include WestBridge Capital. Those funds were earmarked to scale Spinny's core used-car business....

' Hey, Linas here! Welcome back to a ' weekly free edition ' of my daily newsletter. Each day, I focus on 3 stories that are making a difference in the financial technology space. Coupled with things worth watching & most important money movements, it's the only newsletter you need for all things when Finance meets Tech. Stripe's Agentic Commerce Suite signals a new era in AI-powered payments '' [what it's all about & why it's huge, why FinTech giant's strategy here is brilliant & what to expect next + bonus dive into Stripe's quest to become the financial backbone of the AI economy & 100+ battle'tested tools and frameworks to accelerate your AI projects inside] Gemini's -60% post-IPO crash: the most asymmetric risk/reward setup in digital assets today' ' [breaking down't their 3Q 2025 financials, understanding what they mean & what's next for Gemini + bonus deep dives into Coinbase, Robinhood & eToro inside] Mollie seals GoCardless takeover, creating European payments powerhouse to rival Stripe and Adyen ''' [what it's all about & why it makes a ton of sense + bonus dive into Stripe's recent M&A game, and how they want to own the full AI payments stack]...

The world's deadliest residential fire in more than four decades was still burning up a block of Hong Kong apartment buildings when pundits settled on a culprit: bamboo. Surely, the bamboo scaffolding that had surrounded the Wang Fuk Court towers explained how the flames tore through the complex so quickly. 'There can be only one outcome,' the Independent declared. 'The bamboo has to go.' But the disaster, which killed at least 160 people, reflects problems much more profound than the choice of scaffolding. These problems first took root as China prepared to assume control of Hong Kong from Britain, in 1997. Concerned that the transition would scare off foreign investors, Chinese leaders tried to woo real-estate tycoons and other business elites by giving them key roles overseeing the city's future governance. Beijing then propped up this new ruling class as a bulwark against efforts to further democratize the territory. The nexus between Hong Kong's government and Big Business gave rise to a real-estate market that served a select few elites rather than most residents. Limited supply and soaring costs precipitated a decades-long housing crisis, consigning roughly 220,000 Hong Kongers to subdivided apartments sometimes called 'coffin homes,' which can be smaller than a parking space. Meanwhile, the market delivered increasing returns to the city's elite. Of the 16 Hong Kongers listed in the Bloomberg Billionaires Index, seven owe their family fortune to real estate....

The rocket and satellite company is considering raising more than $25bn in an offering that could come as early as June, according to a person familiar with the plans. Retail demand is expected to be substantial, despite the significant capital requirements and operational risks associated with commercial space ventures. Shay Boloor of Futurum Equities Research said enthusiasm is likely to overwhelm concerns about Musk's unconventional approach. He said the IPO is going to be the 'craziest' in the 'history of the stock market,' and noted that a $1.5tn valuation could surge above $2tn once trading begins. Musk's confrontations with regulators and past governance controversies remain part of the risk profile. The Tesla CEO has previously clashed with the US Securities and Exchange Commission and threatened to leave Tesla earlier this year over compensation disputes. Investors said such drama is intrinsic to backing high-growth ventures run by powerful founders. Institutional exposure already exists. GAMCO Investors owns SpaceX shares through a spectrum deal with EchoStar, though it is undecided on participating in an IPO. Neuberger Berman holds unlisted shares and believes strong fundamentals underpin demand, citing the combination of a proven launch business and the rapid expansion of Starlink services. Portfolio manager Dan Hanson said SpaceX offers both 'the steak and the sizzle.'...