Private equity firm Everstone has initiated the process to exit Sahyadri Hospitals two years after backing the institution. It is targeting an internal rate of return (IRR) of 50-60%. Private equity and venture capital firms typically look at a 5-6 year investment horizon and target an IRR of 20-30%. Seven to eight investors have shown… Continue reading PE firm Everstone prepares to exit India’s Sahyadri Hospitals
Category: Tech News
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Leapwork Raises $62M in Series B Funding
Leapwork, a Copenhagen, Denmark-based provider of an automation platform built for business users, raised $62M in Series B funding. The round was co-led by KKR and Salesforce Ventures with participation from existing investors DN Capital and Headline. The company intends to use the funds to continue to grow its global presence, building up local teams… Continue reading Leapwork Raises $62M in Series B Funding
Asia Digest: Australia-listed Appen buys SG’s Quadrant; PEP invites bids for Intellihub …
ASX-listed data company Appen announced that it has acquired Singapore-based mobile-location data firm Quadrant, while Australia-based Pacific Equity Partners (PEP) has launched bids for Intellihub with a deadline of September 27. Appen buys Quadrant in cash and shares ASX-listed data company Appen has acquired the Singapore-based mobile-location data firm Quadrant. Appen will make an upfront… Continue reading Asia Digest: Australia-listed Appen buys SG’s Quadrant; PEP invites bids for Intellihub …
New York City approves licences, price controls for food-delivery apps
The New York City Council on Thursday approved legislation to license food-delivery apps including Grubhub, DoorDash Inc and Uber Eats and to permanently cap commissions they can charge restaurants. The companies say the price controls are unfair and vowed to fight them. “This permanent price control is flagrantly unconstitutional and will hurt local restaurants, delivery workers and diners across… Continue reading New York City approves licences, price controls for food-delivery apps
Unite Your AirPods With Your Mac By Using AirBuddy
Apple has big plans for AirPods, including giving them literal self-awareness. What it oddly is not interested in is making your AirPods easier to use with your Mac. Sure, you can connect them to your Mac, but it treats them like just another set of Bluetooth headphones, without any of iOS’ useful features. AirBuddy fills… Continue reading Unite Your AirPods With Your Mac By Using AirBuddy
Scientists: Life May Thrive on Ocean Worlds Far Larger Than Earth
“A biosignature detection would transform our understanding of life in the universe.” Extreme Conditions A team of scientists has identified a new class of exoplanets and, despite their drastic differences from our home here on Earth, the researchers say they could be great candidates in the search for extraterrestrial life. These so-called Hycean planets are… Continue reading Scientists: Life May Thrive on Ocean Worlds Far Larger Than Earth
Russian Space Chief Issues Cryptic Invitation to Elon Musk
“Come! We are waiting for you.” Dmitry Rogozin, the head of Russia’s space agency Roscosmos, just reached out to SpaceX CEO Elon Musk on Twitter with a cryptic invitation. “Good afternoon, Mr. Elon Musk!” Rogozin wrote. “On October 5, a new expedition will leave for the International Space Station. We are planning to send a… Continue reading Russian Space Chief Issues Cryptic Invitation to Elon Musk
No More Heroes 3 is as stylish and shoddy as ever
I was having a good time with No More Heroes 3 until I somehow lost my save file. I don’t think it was the game’s fault, but unfortunately since it’s coming out today for the Nintendo Switch, I wasn’t able to finish it in time for a full review. I did get several hours into… Continue reading No More Heroes 3 is as stylish and shoddy as ever
A Bad Solar Storm Could Cause an ‘Internet Apocalypse’
Scientists have known for decades that an extreme solar storm, or coronal mass ejection, could damage electrical grids and potentially cause prolonged blackouts. The repercussions would be felt everywhere from global supply chains and transportation to internet and GPS access. Less examined until now, though, is the impact such a solar emission could have on… Continue reading A Bad Solar Storm Could Cause an ‘Internet Apocalypse’
Vaccine Mandates Work—but Only If They’re Done Right
The point is, formal FDA approval wasn’t necessary for a mandate, but it’s turning out to be sufficient. Businesses, schools, and local governments that wanted to avoid a backlash over requiring “experimental” vaccines now feel like they have an even greener light. (This might’ve been a feint anyway; Texas governor Greg Abbott’s anti-mandate policy used… Continue reading Vaccine Mandates Work—but Only If They’re Done Right