3 in Finance

8/16: PropertyGuru (NAS: PGRU) (Singapore), provider of digital property marketplaces to match buyers and tenants with sellers and landlords, entered into an agreement to be acquired by EQT through a $1.1B public-to-private LBO. (Link)

8/14: Zepto (India), the fast-rising, online grocery delivery platform, raised $340M in a deal led by General Catalyst and Mars Growth Capital, putting the company’s pre-money valuation at $4.7B. (Link)

8/1: Knowde (San Jose, CA), operator of an online chemical marketplace, raised $60M of Series C venture funding from Sequoia Capital, Blue Cloud Ventures, and Point72 Ventures, placing the company’s pre-money valuation at $352M. (Link)

3 for Fun

Walmart sells entire stake in Chinese e-commerce giant, JD.com, for $3.6B. (Link)

India’s commerce minister concerned about e-commerce growth, worried about potential disruption to small retailers. (Link)

Shein fuels battle between Chinese e-commerce leaders, sues Temu again for stealing trade secrets and counterfeiting goods. (Link)

Big movers — month over month stock performance:

Shopify gains 36%; Sea gains 29%; Chewy gains 28%

The RealReal falls 20%; Hims & Hers Health falls 16%; Wayfair falls 11%