According to sources familiar with the matter at hand, Elon Musk’s SpaceX is poised to become the most valuable U.S. startup with its valuation rising to over $125 billion in an ongoing share sale in the secondary market. The shares,… Read More ›
startup
Grocery delivery app Instacart Inc confidentially files for US IPO
Late on Wednesday, Grocery delivery app Instacart Inc said, it has confidentially filed for an initial public offering (IPO) with the SEC. San Francisco-based Instacart has not specified the size of its IPO, nor has it mentioned the price range… Read More ›
Chinese fast fashion e-commerce startup Shein aiming for $100 billion valuation in funding round
On Sunday, a report from Bloomberg states, China’s fast fashion e-commerce startup Shein is aiming for a valuation of around $100 billion, in its latest funding round. The Chinese online retailer is negotiating with potential investors to raise around $1… Read More ›
E-Bike startup Zoomo raises $20M in Series B funding round
On Tuesday, Zoomo, a startup that designs and sells commercial grade e-bikes for online deliveries said, it had raised an additional $20 million in its latest funding round to fund its European expansion and grow its software and engineering teams…. Read More ›
Jury finds Elizabeth Holmes, founder of Theranos, guilty of defrauding investors
A U.S. jury has convicted Elizabeth Holmes, the founder of Theranos, of being guilty of defrauding investors in the blood testing startup. The jury convicted Holmes of of investor fraud and conspiracy, but acquitted her on three counts of defrauding… Read More ›
Indian startup Nykaa’s blockbuster stock market debut values it at $13 billion
Shares of Nykaa, India’s cosmetics-to-fashion platform, made a blockbuster debut valuing the company at close to $13 billion. With the news reaching the market, shares of FSN E-Commerce Ventures, the profit-making parent company that owns the Nykaa brand, soared by… Read More ›
Foxconn to produce EVs in Europe, India and Latin America
In a statement Foxconn’s chairman Liu Young-way said, it is looking to produce electric vehicles (EVs) in India, Europe and Latin America, and “indirectly” cooperate with German automakers. Foxconn, aims to become a major player in the global EV market,… Read More ›
Shares of Indonesia’s GIC Pte Ltd and Ant Group backed tech unicorn jumps by 25% on market debut
Shares of Indonesia’s PT Bukalapak.com jumped by 25% on its trading debut with investors scrambling to get a piece of the action in the country’s first listed tech unicorn. PT Bukalapak.com, which counts Singapore sovereign fund GIC Pte Ltd and… Read More ›
Joby Aviation, Signature Flight Support and JetBlue Airways Corp team up to develop aviation carbon credits
In a statement electric air taxi startup Joby Aviation, Signature Flight Support and JetBlue Airways Corp said, they are partnering to develop aviation carbon credits for using electric and hydrogen propulsion technologies. The move, aligned with the U.S. aviation industry’s… Read More ›
Visa eyeing acquisition of European open banking platform Tink
In a statement Visa Inc said, it had agreed to a $2.2 billion (1.8 billion euro) takeover of European open banking platform Tink. Founded in 2012, Sweden-based Tink is an open banking platform that enables banks and other financial institutions to… Read More ›
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