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Chinese eSports Provider VSPN Raises $60 Million To Expand Overseas

PYMNTS

Chinese eSports provider VSPN has raised $60 million in a Series B+ funding round to help it expand its operations overseas. Investors in the latest financing included Prospect Avenue Capital, Guiotai Junan International, and Nan Fung Group. Lighthouse Capital served as the exclusive financial adviser.

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Report: Zomato Teams With InCred For Loans To Restaurants In India

PYMNTS

“It will help our restaurant partners with easy, risk-free credit options designed to achieve their operational and bottom-line goals,” Ranjan said, per the report. InCred provides small- to medium-sized business (SMB) loans made up of channel finance, term debt and capital debt in addition to education and personal loans.

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JD Sports Purchases California-Based Shoe Palace

PYMNTS

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. California-based Shoe Palace was started in 1993 by the Mersho family.

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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised. Honorable Mention.

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Cannabis Cos See Share Prices Nosedive

PYMNTS

“The capital markets have dried up,” Brian Athaide, chief executive of Toronto marijuana grower Green Organic Dutchman Holdings , told the WSJ. Both companies operate dispensaries in several U.S. He said the firm is holding off on seeking financing for two facilities — one planned at 1.3 million square feet.

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Cannabis Firms See Share Prices Nosedive

PYMNTS

“The capital markets have dried up,” Brian Athaide, chief executive of Toronto marijuana grower Green Organic Dutchman Holdings , told the WSJ. Both companies operate dispensaries in several U.S. He said the firm is holding off on seeking financing for two facilities — one planned at 1.3 million square feet.

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Amazon Just Got Beaten To The Punch On Drone Deliveries

PYMNTS

Associated Press reported on Friday (March 25) that Flirtey, a startup founded in Australia but recently relocated to its new Nevada headquarters, successfully completed what appears to be the United States’ first autonomous drone delivery in a residential environment.

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