General Atlantic to buy out SoftBank’s entire 15% stake in game-based online learning service Kahoot for about $152M; SoftBank spent $215M+ for the stake (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
Norwegian grocery delivery startup Oda raised ~$151M from Kinnevik and others at a ~$353M post-money valuation, down from ~$900M in April 2021  —  Online grocery delivery, a booming business at the height of the Covid-19 pandemic, has definitely come down to earth with the other shifts we’ve seen …

Manish Singh / TechCrunch:
New York- and Bengaluru-based Amagi, a streaming video and ads infrastructure startup, raised a $100M+ Series F led by General Atlantic at a $1.4B valuation  —  Amagi, which offers cloud broadcast and targeted advertising software to scores of media and entertainment giants …

Anton Wilen / Bloomberg:
SoftBank, which bought a 10% stake in Twilio competitor Sinch in November 2020, sells its remaining 5% stake; Sinch’s stock has fallen 93% since September 2021  —  Japanese investor SoftBank Group Corp has sold its entire stake in Sinch AB following a share price collapse of more than 90% in the Swedish cloud-based platform provider.

Reuters:
SoftBank-backed Indian e-commerce firm Snapdeal drops its $152M IPO plans, after filing in December 2021, amid a tech stock rout  —  SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty …

Ingrid Lunden / TechCrunch:
Adobe: US consumers spent $11.3B on Cyber Monday, up 5.8% YoY, above Thanksgiving’s $5.29B and Black Friday’s $9.12B, driven in part by deeper discounts  —  Expectations for this year’s holiday spend online were lukewarm, but initial activity — driven by deep discounts — has bucked predictions.

Sylvia Varnham O’Regan / The Information:
Internal memo: Instagram plans to eventually eliminate its existing Shopping page and will test a simpler and less personalized page over the next few months  —  Instagram is planning to drastically scale back its shopping features, the company told Instagram staffers on Tuesday …