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Sequoia Could Put $7.2 Billion Into Auto1 With IPO Approaching

PYMNTS

Sequoia Capital has agreed to invest around 6 billion euros in Auto1 Group before the online car trading platform's initial public offering (IPO), Bloomberg reported Monday (Sept. fund Lone Pine Capital reached a preliminary deal to buy around 50 million euros of Auto1 stock from DN Capital , an early investor.

Capital 234
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C-Store Chain Foxtrot Raises $17M To Expand Delivery Options

PYMNTS

Foxtrot , looking to put a new spin on the classic counter convenience store, offers craft beer, natural wines and several of its own brands of sandwiches, meals and coffee, according to reports. The company works with around 100 brands in total, offering roughly 800 different products at their stores.

Dallas 131
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PepsiCo To Expand Energy Drink Share With Rockstar Acquisition

PYMNTS

percent between 2013 and 2018, arriving at around $13.5 Separately, Pepsi spent $705 million to acquire Be & Cheery , a Chinese company that sells online snacks, per reports in February. The company said it does not foresee the deal having a material impact on earnings per share or revenue this year. rose by 29.8

America 130
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Carvana Rival Vroom Raises $146M For Used Car Platform

PYMNTS

Online auto retailer Vroom has announced a $146 million Series G funding round led by AutoNation. L Catterton, General Catalyst Partners, Fraser McCombs Capital and individual investors also participated in the round. Vroom offers thousands of low-mileage, reconditioned used vehicles that are delivered directly to consumers. “We

Online 104
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Does Destination Maternity Chain Bankruptcy Signal Larger Trends?

PYMNTS

According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” though they also operate under such brands as Motherhood Maternity and Pea in the Pod stores. “As billion in 2013, representing a 2.10 The company owns 458 stores in the U.S.,

Trends 101
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.

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Pop-Up Marketplace Appear Here Sees $12M Series B

PYMNTS

Appear Here’s Series B round was led by Octopus Ventures and saw participation from Simon Venture group as well as existing investors Balderton, MMC, Meyer Bergman and Playfair Capital. As the economy began to recover and commerce moved online, pop-ups have continued to thrive. All told, the company has raised $21.4