Institutional investors may have been keen for a slice of Carma’s IPO, which raised $70 million at $2.70 a share, but retail investors weren’t as keen to get behind the wheel when the four-year-old digital car retailer made its ASX debut on Wednesday, with falling up to 10% on their opening day of trade, and… Read more »
New York online health multinational Teladoc Health (NYSE: TDOC) has acquired Victorian healthtech startup Telecare, in the first exit for LaunchVic’s Alice Anderson Fund. The deal closed last Friday, August 8, with the terms undisclosed, but Teladoc Health said it’s expected to be immaterial to its 2025 financial results. Telecare developed Australia’s leading virtual care… Read more »
Sydney short-term rental management platform MadeComfy has been acquired Oyo, the travel business rival founded by 31-year-old Indian billionaire Ritesh Agarwal. The deal gives Oyo access to the Australian and New Zealand markets, which it sees as high-yield. It already operates in more than 35 countries, managing nearly 233,000 properties and is backed by SoftBank,… Read more »
Mable – think Airtasker for aged care and disability support workers – is hoping to become a unicorn 11 years after its founding if it find a buyer willing to pay $1 billion. The Australian’s DataRoom reports that the gig economy platform has put up the For Sale sign with a 10-figure price tag, even… Read more »
A Sydney software company founded in 1999 by two former PwC executives to tackle governance, risk, and compliance (GRC) issues has sold a majority stake in the business to US investment firm PSG Equity for US$280 million (A$445m). The deal for Protecht gives an exit for California growth equity firm Arrowroot Capital after just three… Read more »
A Sydney call centre startup is being acquired by US global services platform Zendesk for a reported $100 million. The deal for Local Measure comes 14 years after it was founded by CEO Jonathan Barouch. Zendesk CEO Tom Eggemeier said the acquisition accelerates his company’s expansion into larger, more complex service environments, enhances its AI… Read more »
In recent years, the media has increasingly blurred the lines between true capital raises and secondary sales, distorting the actual amount of new funding startups are receiving. This confusion often misleads founders and investors, making it harder to understand the real financial position of a company. For first-time founders, navigating the complexities of capital raising… Read more »
Sydney startup Forage, which helps students move from study to the workforce with virtual job simulations, is being acquired by US education firm EAB. The terms of the deal were not disclosed. Forage was founded in 2017 by Pasha Rayan and Tom Brunskill as InsideSherpa. They set out to help students from less advantaged backgrounds a… Read more »
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