Amazon leads a $575 million funding round in the UK-based food delivery company Deliveroo, continuing its efforts to diversify into the takeaway market as it takes on a rival such as Uber Eats in a competitive market. While neither company has revealed how much Amazon is giving its former rival, being the biggest investor in […]
This Friday Uber has decided to take a gigantic step in its vision to become the largest technology company in the segment of the ‘unicorns‘ that manages to impact its output to the stock market. Wall Street undoubtedly witnessed one of the most anticipated IPO events of the year, since it announced its intention to […]
Ola Electric Mobility has set up as an independent entity in March 2019. It is currently running several pilots involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments. Cab hailing service Ola’s electric vehicle division ‘Ola Electric Mobility Pvt Ltd (Ola Electric)’ has raised funds from Ratan Tata, Chairman […]
The introduction of the new financial year seems to be a good start for Paytm. Market regulator Securities and Exchange Board of India (SEBI) has approved Paytm Money for stock broking services. That means, now they can buy investor shares through the new approval from the regulatory body. Paytm has signed a partnership with BSE […]
Sachin Bansal who apart from being the co-founder of Flipkart is also India’s foremost internet entrepreneur. He made an investment of INR 650 Cr in the taxi-hailing company Ola. Ola was founded back in 2011 by Bhavish Aggarwal and Ankit Bhati and has proved to be one of the essential taxi-hailing apps available on the […]
There were rumors earlier this week that General Motors and Amazon were interested in the electric pickup and SUV maker, Rivian. Today, Rivian announced their decision to close a $700 million funding round led by Amazon, confirming its inclusion of “participation from existing shareholders.” This investment is an important milestone for Rivian and the shift […]
The recent India-Pakistan disputes have resulted in a drop in European stock markets, which have spurred investors to turn to ‘safer’ Asian assets such as the Japanese Yen. New Delhi and Islamabad are engaged in a battle of conflicting military claims. In response to Pakistan’s JeM-led suicide car bombing and attack on the Indian military […]
Many people fail to pay their debts on time because they lack the motivation or the money to do so. But this need not be the case because paying your debts on time comes with plenty of benefits. It helps you to lead a debt-free life and plan your investments. This article looks at some […]
Tesla is acquiring battery technology developer Maxwell Technologies in a deal valued at $218 million. On Monday the deal was announced that Elon Musk might be looking to Maxwell Technology for help to make its batteries better-performing. The all-stock acquisition values San Diego-based Maxwell at $4.75 a share, or a 55 percent premium over the […]
In order to cut costs and speed up deliveries, Amazon is all set to invest in a French warehouse robotics firm, Balyo. Amazon’s investment in Balyo over the next seven years is expected to provide the latter with the boost it needs to sell its technology for self-driving forklift trucks. For the time being, Amazon, […]
Japan’s SoftBank which has already invested more than US$8 billion in WeWork has radically scaled back plans for fresh investment in WeWork. The Group Corp has decided against taking a controlling stake in real estate company WeWork and is instead planning to invest an additional $2 billion in the shared workspace company. The company had […]
SoftBank may invest $500 to $700 million in Zume, the startup that uses robots and software to make and deliver fresh pizza. This Softbank investment in Zume, when finalized, will be another instance where SoftBank’s Vision Fund expands its reaches in the industry of food delivery. Previously in this year, the Japanese firm provided a […]
