Startups Weekly: Flexport, Clutter and SoftBank’s blood money

INSUBCONTINENT EXCLUSIVE:
sources told the WSJ.The report emerged during a particularly busy time for the Vision Fund, which this week led two notable VC deals in
companies like Flexport and Clutter have a responsibility to address the source of their capital Should they be more transparent to their
customers about whose money they are spending to achieve rapid scale Send me your thoughts
And thanks to those who wrote me last week re: At what point is a Y Combinator cohort too big The general consensus was this: the size of
the cohort is irrelevant, all that matters is the quality
Not really
Pinterest has joined a growing list of tech unicorns planning to go public in 2019
The visual search engine filed confidentially to go public on Thursday
Reports indicate the business will float at a $12 billion valuation by June
FirstMark Capital, Fidelity and SV Angel.Ride-hailing company Lyft plans to go public on the Nasdaq in March, likely beating rival Uber to
the milestone
The nuts and bolts: JPMorgan Chase has been hired to lead the offering; Lyft was last valued at more than $15 billion, while competitor Uber
$400 million into food delivery platform DoorDash at a whopping $7.1 billion valuation, up considerably from a previous valuation of $3.75
billion
The round, led by Temasek and Dragoneer Investment Group, with participation from previous investors SoftBank Vision Fund, DST Global,
Coatue Management, GIC, Sequoia Capital and Y Combinator, will help DoorDash compete with Uber Eats
The company is currently seeing 325 percent growth, year-over-year.Here are some more details on those big Vision Fund Deals: Clutter, an
LA-based on-demand storage startup, closed a $200 million SoftBank-led round this week at a valuation between $400 million and $500 million,
Meanwhile, Flexport, a five-year-old, San Francisco-based full-service air and ocean freight forwarder, raised $1 billion in fresh funding
led by the SoftBank Vision Fund at a $3.2 billion valuation
Earlier backers of the company, including Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and SF Express all participated in the
round.Menlo Ventures has a new $500 million late-stage fund
annual recurring revenue, growth of 100 percent year-over-year, early signs of retention and are operating in areas like cloud
infrastructure, fintech, marketplaces, mobility and SaaS
Plus, Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to $1.1 billion and
$92M in OlaRedis Labs raises a $60M Series E roundChinese startup Panda Selected nabs $50M from Tiger GlobalImage recognition startup
ViSenze raises $20M Series CCircle raises $20M Series B to help even more parents limit screen timeShowfields announces $9M seed funding for
a flexible approach to brick-and-mortar retailPodcasting startup WaitWhat raises $4.3MZoba raises $3M to help mobility companies predict
demandIndian delivery men working with the food delivery apps Uber Eats and Swiggy wait to pick up an order outside a restaurant in Mumbai
business to local player Swiggy, a food delivery service that recently raised $1 billion in venture capital funding
backers Tencent and Uber investor Coatue.Lalamove, a Hong Kong-based on-demand logistics startup, is the latest venture-backed business to
enter the unicorn club with the close of a $300 million Series D round this week
New backers Eastern Bell Venture Capital and PV Capital and returning investors ShunWei Capital, Xiang He Capital and MindWorks Ventures
also participated.Longtime investor Keith Rabois is joining Founders Fund as a general partner
venture capital-focused podcast, Equity