Russian internet and ride-hail giant Yandex has acquired Uber’s stake in its Self-Driving Group (SDG), as well as Uber’s indirect interest in Yandex.Eats, Yandex.Lavka and Yandex.Delivery. The total cost of the deal came to $1 billion, giving the Russian company 100% ownership over all four businesses. Yandex SDG is an autonomous technology spinout from MLU… Continue reading Yandex buys out Uber’s stake in Yandex Self-Driving Group, Eats, Lavka and Delivery for $1B
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Technology · 2:04 PM UTCData and AI platform Databricks raises $1.6 bln, valued at $38 blnDatabricks, a data analytics platform that uses artificial i…
Databricks’ CEO and co-founder Ali Ghodsi speaks at Spark + AI Summit Europe in London, Britain in October, 2019. Courtesy of Databricks/Handout via REUTERS OAKLAND, Calif., Aug 31 (Reuters) – Databricks, a data analytics platform that uses artificial intelligence, said on Tuesday it raised $1.6 billion to expand its engineering team to keep its lead… Continue reading Technology · 2:04 PM UTCData and AI platform Databricks raises $1.6 bln, valued at $38 blnDatabricks, a data analytics platform that uses artificial i…
South Korea’s Kakao Pay cuts IPO target by 6% to $1.3b …
South Korean fintech company Kakao Pay Corp cut its planned initial public offering (IPO) target to up to 1.5 trillion won ($1.29 billion) from a previously announced 1.6 trillion won, it said on Tuesday. The adjustment from the company backed by Chinese e-commerce company Ant Group follows a Financial Supervisory Service (FSS) request for it… Continue reading South Korea’s Kakao Pay cuts IPO target by 6% to $1.3b …
Purolator Wins ACT Expo Fleet Award in Leading Carrier Category
Purolator, a leading transportation and courier services provider in Canada, deployed Motiv’s reliable all-electric class six EPIC step-vans in Vancouver, British Columbia this past March. “We’re integrating sustainable practices into all areas of our business, and part of this is greening our fleet to reduce greenhouse gas emissions,” says said Paul Merrick, General Manager, Western… Continue reading Purolator Wins ACT Expo Fleet Award in Leading Carrier Category
SoftBank-backed ride-sharing company Ola said to prepare for up to $1b India IPO
Indian ride-sharing giant Ola plans to raise up to $1 billion through an initial public offering (IPO) and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom. Ola, backed by Japan’s SoftBank Group, has roped in Citigroup, two people with direct knowledge of the… Continue reading SoftBank-backed ride-sharing company Ola said to prepare for up to $1b India IPO
Indonesian logistics firm J&T Express mulls shifting IPO venue to HK: Report …
Indonesian last-mile logistics company J&T Express is exploring the possibility of shifting its initial public offering (IPO) venue from the US to Hong Kong, according to a Bloomberg report. The Indonesian unicorn, which is backed by Chinese investors, is said to be looking to raise $1 billion in its IPO targeted next year, the report… Continue reading Indonesian logistics firm J&T Express mulls shifting IPO venue to HK: Report …
Indian SaaS unicorn Freshworks files for $100m US IPO F…
The 11-year old software-as-a-service (SaaS) startup has appointed Morgan Stanley, J.P.Morgan, BofA Securities, Jeffries and Barclays as book managers to the IPO, among others. Freshworks joins the growing list of Indian unicorns which are making a beeline towards public markets. These include financial services major Paytm, insurtech player PolicyBazaar and beauty marketplace Nykaa. Merchant fintech… Continue reading Indian SaaS unicorn Freshworks files for $100m US IPO F…
EV startup Rivian files for IPO, seeks about $80 billion valuation
Rivian Automotive Inc., the maker of electric pickups backed by Amazon.com Inc., has filed for an initial public offering and is seeking a roughly $80 billion valuation, according to people familiar with the matter. The Irvine, California-based startup said in a statement Friday that it submitted its S-1 registration to the Securities and Exchange Commission,… Continue reading EV startup Rivian files for IPO, seeks about $80 billion valuation
In the Midst of Strategic Digital Growth, Mohegan Gaming & Entertainment Appoints Vice President, Online Marketing
“We’re confident that Christie St. Martin’s exceptional background in the digital gaming industry will positively impact our innovative expansion efforts and brand development in the digital frontier,” said Ray Pineault, President and Chief Executive Officer of Mohegan Gaming & Entertainment. “MGE has always focused on providing our customers with cutting-edge technologies and having a strong… Continue reading In the Midst of Strategic Digital Growth, Mohegan Gaming & Entertainment Appoints Vice President, Online Marketing
Buffett-backed Brazilian lender Nubank to seek IPO valuation of over $55b
Brazil’s Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the $55.4 billion value of the country’s top traditional lender, two sources familiar with the matter said. In a recent funding round led by Warren Buffett‘s Berkshire Hathaway Inc, Nubank was valued at $30 billion. With… Continue reading Buffett-backed Brazilian lender Nubank to seek IPO valuation of over $55b