Infosys co-founder Nandan Nilekani-backed e-commerce startup ShopX has shut down operations and filed for bankruptcy, according to the company’s regulatory filing. This comes over a year after the company reportedly laid off nearly half its workforce while moving towards a digital model rather than a supply chain-led model. Founded in 2015 by Amit Sharma and… Continue reading Nandan Nilekani-backed ShopX shuts shop, files for bankruptcy
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Vodafone to sell Hungarian business to state-owned Corvinus for $1.8b
Britain’s Vodafone will sell its Hungarian business for 715 billion forints ($1.8 billion) in cash, it said on Monday, in a deal that will create a locally-owned telecom leader in the central European country. The British mobile phone and broadband group said it had agreed non-binding terms with the buyers, Hungarian and state-run Corvinus Zrt. The deal — which does not include Vodafone‘s shared… Continue reading Vodafone to sell Hungarian business to state-owned Corvinus for $1.8b
Frasers Property sets up new platform to work with capital partners
Singapore’s Frasers Property has set up a new group corporate function, Frasers Property Capital, that will team up with capital partners on new projects. The new unit will see the company pursuing investment opportunities while sharing risks with like-minded joint venture partners, Frasers Property detailed in a regulatory filing on Monday. Wong Ping, a veteran… Continue reading Frasers Property sets up new platform to work with capital partners
Super73-ZX e-bike review: love and hate can be so much fun
One major draw of #vanlife is the pursuit of unbridled exploration. But custom vans and RVs suitable for extended off-grid living tend to be hulking monstrosities that can be difficult to maneuver in tight spaces. That means bringing along an alternative mode of transportation like an e-bike to scout the viability of unpaved roads and… Continue reading Super73-ZX e-bike review: love and hate can be so much fun
The Ups and Downs of Funding: Why You Should be Willing to Change Your Mind
Private equity deals, funding rounds and, eventually, the move to becoming a publicly listed company can be a rollercoaster. There can be highs, lows, and plateaus, but the ultimate goal for all concerned is to take investments and use them to create a thriving business. Sometimes that happens, sometimes it doesn’t. That’s the nature of… Continue reading The Ups and Downs of Funding: Why You Should be Willing to Change Your Mind
Perform Raises $1.2M in Funding
Perform Founding Advisor Meb Keflezighi Perform, a San Francisco, CA-based startup that helps runners reach their goals with a personal running coach and smart training app, raised $1.2M in funding. The round was led by defy.vc, with participation from Techstars, the Chief Product Officer of Calm, the former Chief Product Officer of Uber, the co-founder… Continue reading Perform Raises $1.2M in Funding
Tesla dominates charging experience satisfaction, and that’s a problem now that it’s going public
Tesla is dominating the charging experience satisfaction among EV owners, and it’s going to be a problem for charging network operators now that Supercharger is going public. This is a problem that needs to be put in perspective since most electric car charging happens at home. Therefore, public charging issues mainly affect only a small… Continue reading Tesla dominates charging experience satisfaction, and that’s a problem now that it’s going public
Indonesia investigating alleged data breaches at state-owned telecom firmsCommunications ministry has summoned representatives from Telkom and PLN
Indonesia is investigating alleged personal data breaches at state-owned telecoms firm PT Telkom Indonesia’s internet service IndiHome and state utility PT Perusahaan Listrik Negara (PLN), its communications ministry said on Sunday. Semuel Abrijani Pangerapan, a senior communications ministry official, said in a statement the ministry had summoned representatives from Telkom and PLN and had sent… Continue reading Indonesia investigating alleged data breaches at state-owned telecom firmsCommunications ministry has summoned representatives from Telkom and PLN
Australia embarks on stocktake of crypto holdings ahead of sector regulation
Australia said on Monday it would do a virtual stocktake of the country’s cryptocurrency holdings, the first signal from the new centre-left government that it plans to regulate the $1 trillion sector. Treasurer Jim Chalmers said that his department would undertake “token mapping”, or cataloging the types and uses of digital currency owned within the country, as a… Continue reading Australia embarks on stocktake of crypto holdings ahead of sector regulation
CVC in talks to sell stake in top Indonesian snacks maker GarudaFood
Private equity firm CVC Capital Partners is in talks to sell its 20% stake worth about $270 million in Indonesia’s top snack-food producer GarudaFood Putra Putri Jaya, sources familiar with the matter told Reuters. CVC has engaged a financial adviser for the negotiations, said the sources. One of the sources said the talks were still at an early stage, and another source said a deal could fetch as much as $300… Continue reading CVC in talks to sell stake in top Indonesian snacks maker GarudaFood