The new funding round will see the startup’s founder pump in $700 million while another $800 million will come from existing investors. On Monday, SoftBank Group Corp-backed Indian hospitality startup Oyo stated, it aims to raise $1.5 billion in a new funding round led by Ritesh Agarwal, its founder and other existing investors. In a…
Since it first fund raiser in 2006, 83North has invested in 70 companies and made 15 exits, three of which were in unicorns – startups that have been valued at more than $1 billion. On Monday, 83North, a London-based venture capital firm stated, it had raised $300 million for a new fund targeting European and…
Japan Display’s bailout plan got slightly derailed following the withdrawal of Harvest Group, a Chinese investment firm from the bailout consortium. Following a sudden withdrawal of a Chinese investor group from its bailout plan, Japan Display Inc, an Apple Inc supplier stated, it aims to clinch a deal for least $468 million (50 billion yen)…
HP’s expects to cut 7,000 to 9,000 jobs through a combination of employee exits and voluntary early retirement and save around $1 billion by fiscal year 2022. U.S. personal computer maker HP Inc stated, it will cut up to 16% of its workforce as part of a restructuring measure aimed at pruning costs. In a…
Apple has asked its suppliers to raise production levels of its iPhone 11 range by up to 8 million units. On Friday, Japan’s Nikkei Asian Review reported reported, Apple Inc has asked its suppliers to raise the production levels of its iPhone 11 range by up to 8 million units, equivalent to 10% increase in…
Huawei has partnered with not only Malaysia’s Maxis Bhd, the country’s second largest mobile network operator by subscriber, but has also signed preliminary 5G agreements with Maxis rivals such as Axiata Group Bhd’s Celcom, as an added pressure. In a significant development, Malaysia’s Maxis Bhd stated, it has signed an agreement with China’s Huawei Technologies…
Clearly FB is eager to leave behind its scandalous past, especially its relation with Cambridge Analytica, and is eager to portray itself as a more secure platform for consumers. In a significant development, Facebook Inc’s Chief Executive Officer, Mark Zuckerberg defended his decision to encrypt Facebook’s messaging services despite growing concerns on criminal activity and…
Although Shinhan Financial Group Co Ltd’s investment was not disclosed, the funding round saw Bukalapak valued at more than $2.5 billion. On Friday, Indonesian e-commerce startup Bukalapak stated, South Korea’s Shinhan Financial Group Co Ltd has participated in its latest funding round which valued the company at over $2.5 billion. Bukalapak did not disclose the…
With the aim of making a sizable dent in the growing sports gambling market in the United States, two of the largest brands in the online betting industry have decided to join hands and go together. The owner of the world’s largest poker site, PokerStars The Stars Group of Canada, will be bought by Flutter…
After months of rumor making the rounds of the tech world, Microsoft finally acknowledged that there was existence of the Surface Neo , which is the company’s two-screened foldable laptop that has been talked about a lot in the industry in recent times. Panos Panay, Microsoft’s chief product officer, said at an event in New…
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