GM’s Cruise gets $2.25B from SoftBank’s Vision Fund, $1.1B from GM

General Motors  today announced a large investment into its self-driving unit, Cruise. SoftBank’s  Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC and when the deal closes, GM will invest an additional $1.1 billion. The investments are expected to inject enough capital into Cruise for the unit to reach commercialization at scale beginning in 2019.

India’s Razorpay nabs $20M led by Tiger Global for its Stripe-like payment gateway

E-commerce remains among the biggest tech opportunities in India, one of the world’s most populated countries whose economy continues to rapidly evolve and now has over 500 million people connecting to the Internet. And today, a startup that is playing in this space — aiming to make it easier to take and make payments online — has announced a significant round of funding.

Alto Pharmacy prepares for expansion with $23M in fresh funding

Alto is also pushing beyond the Bay Area for a nationwide rollout with the new capital. Most of its competitors have focused on certain cities and areas so it will be interesting to see how Alto fares with such a large expansion.

Soma invested in the seed round. Alto investors include Greenoaks Capital, Jackson Square Ventures, and Twitch co-founder, Justin Kan. 

Houseparty raises $50 million at a $130 million valuation

Business Insider confirmed that that the company had raised $50 million from leading venture firm Sequoia, beating out other investors interested in the deal, according to a person familiar with the matter. The Wall Street Journal earlier reported the raise. The company’s previous investors, including Greylock Partners, Aleph, and Comcast Ventures participated in the round. Houseparty’s CEO Ben Rubin didn’t return a request for comment.