At least three Twitter employees who survived the mass layoffs that cut the company’s workforce in half have been fired after calling out their new boss on the platform. One of them is Eric Frohnhoefer, who responded to Elon Musk’s tweet apologizing for Twitter being slow in many countries. “App is doing >1000 poorly batched… Continue reading Twitter fired employees who publicly called out Elon Musk
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Asia Digest: Dubai’s Silkhaus raises seed round; Velocity Ventures backs NZ’s CarbonClickSilkhaus plans to expand to South Asia, Southeast Asia, and t…
Dubai-based platform for short-term rentals Silkhaus has raised $7.75 million, while Singapore-based venture capital firm Velocity Ventures has invested an undisclosed sum in New Zealand’s enviro-tech company CarbonClick. Dubai-based Silkhaus raises $7.75m seed round Dubai-based Silkhaus, a platform for short-term rentals, has raised $7.75 million in a seed funding round to expand to South Asia,… Continue reading Asia Digest: Dubai’s Silkhaus raises seed round; Velocity Ventures backs NZ’s CarbonClickSilkhaus plans to expand to South Asia, Southeast Asia, and t…
India’s Foods & Inns raises $26m from Florintree Digital, Lotus Family Trust, others
Foods & Inns Limited, one of India’s largest fruit and vegetable pulpers, has raised about $26 million (Rs210 crores) in growth capital from investors including Florintree Digital LLP, Lotus Family Trust, and Aeon Trading, it announced on Tuesday. The financing round was also joined by Silver Stallion Ltd., VSS Iron & Minerals Pvt. Ltd., and… Continue reading India’s Foods & Inns raises $26m from Florintree Digital, Lotus Family Trust, others
Sinovation Ventures raises $203m so far for fifth flagship venture fund
Sinovation Ventures, the Chinese venture capital firm founded by former Google executive Kai-Fu Lee, has so far raised $203 million for its fifth flagship venture vehicle, Sinovation Fund V, its filing with the US Securities and Exchange Commission (SEC) showed. SEC filings typically represent only the capital raised from investors in the US. Go to… Continue reading Sinovation Ventures raises $203m so far for fifth flagship venture fund
Australia’s Vow scores $49.2m Series A, plans to bring cultured meat to Singapore
Australian alternative protein company Vow has announced raising $49.2 million in a Series A funding round co-anchored by venture capital investors Blackbird and Prosperity7 Ventures. Toyota Ventures, HostPlus Super, NGS Super, and Pavilion Capital also participated in the funding round that comes almost two years after Vow raised $6 million in seed funding, backed by… Continue reading Australia’s Vow scores $49.2m Series A, plans to bring cultured meat to Singapore
Elon Musk: ‘I have Tesla covered too’ as he sleeps at Twitter HQ
Tesla investors are starting to get increasingly concerned that Elon Musk’s focus on Twitter is taking him away from the automaker as its stock is falling. The CEO tried to reassure shareholders saying that he has ‘Tesla covered’, but he also said that he is sleeping at Twitter’s headquarters “until the social media is fixed”.… Continue reading Elon Musk: ‘I have Tesla covered too’ as he sleeps at Twitter HQ
Thai pet food maker i-Tail looking to raise up to $590m in IPOThe IPO will be Thailand’s second-largest this year.
Thai pet food maker, i-Tail Crop (ITC), plans to raise between 19.8 billion baht to 21.12 billion baht ($554.00 million to $590.93 million) in an initial public offer (IPO) this year, it said in a filing. i-Tail Crop, a unit of the world’s biggest maker of tuna Thai Union, set an IPO price range of 30 baht and 32 baht, offering between 600 million and 660 million shares or 22% of the firm. The final share price… Continue reading Thai pet food maker i-Tail looking to raise up to $590m in IPOThe IPO will be Thailand’s second-largest this year.
China’s Country Garden plans $500m share placement
Chinese property developer Country Garden Holdings said on Tuesday it plans to sell HK$3.92 billion ($500 million) worth of shares in a share placement, raising capital to refinance existing offshore indebtedness and for general working capital. The Guangdong-based company plans to sell 1.463 billion shares, representing 5.66% of the enlarged share capital, to third-party investors at HK$2.68 apiece, it said in a filing to the Hong Kong bourse. The issue price represents a… Continue reading China’s Country Garden plans $500m share placement
Data Vantage: Red Dot Payment, TabSquare, ADDX bag new funding and other updates
Singapore-headquartered online payment company Red Dot Payment allotted shares worth $4 million to its biggest shareholder PayU, the fintech arm of Naspers, last week. The latest investment follows a similar capital injection in March this year by PayU, which now holds an over 73% stake in the startup. Red Dot shares were priced 35.2% lower… Continue reading Data Vantage: Red Dot Payment, TabSquare, ADDX bag new funding and other updates
Clean Technica: Did Elon Musk Revive Hopes For A $25,000 Tesla?002374
CEO Elon Musk has gone back and forth on the creation of a $25,000 Tesla, seemingly putting an end to those plans earlier this year. However, his statements about a new car platform from the company’s last earnings call have aroused fresh suspicion that plans for a more affordable Tesla could already be underway. Tesla… Continue reading Clean Technica: Did Elon Musk Revive Hopes For A $25,000 Tesla?002374