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WASHINGTON, July 6 (Reuters) – Meta’s Facebook has asked a U.S. court for eight documents created by the U.S. Federal Trade Commission as part of their review of the company’s purchases of Instagram and WhatsApp, which the agency allowed to go forward. The request was made late on Tuesday and comes in a lawsuit filed… Continue reading Untitled

Technology

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Navis Capital Partners sells footwear component maker Texon for $237mNavis had paid between $75-125m for its interest in Texon.

Navis Capital Partners has agreed to sell its stake in Hong Kong-based apparel material provider Texon to UK-based thread manufacturer Coats Group for $237 million, per a statement by Navis’ financial advisor BDA Partners. Navis invested in Texon in 2016 for an undisclosed sum. DealStreetAsia had reported that the value could size between $75 million… Continue reading Navis Capital Partners sells footwear component maker Texon for $237mNavis had paid between $75-125m for its interest in Texon.

Axilor Ventures launches $100m second fund to tap early-stage bets in India

Axilor Ventures has launched its second fund – Axilor Technology Fund II (ATF-II) – targeting to raise  $100 million as it continues to focus on seed funding opportunities in India. Axilor, which started as a technology incubator programme in 2014, moved to early-stage investing in 2018 with the launch of its Rs 200 crore first… Continue reading Axilor Ventures launches $100m second fund to tap early-stage bets in India

SG Digest: Sleek bags major payment institution licence; Vickers warns against scammer

Singapore-based Sleek has been granted a major payment institution (MPI) licence issued by MAS. Separately, a party impersonating Vickers Venture Partners has been advertising a new “Vickers Venture AI Trading platform”, the VC firm warned. Sleek obtains major payment institution licence Singapore-based corporate services company Sleek has been granted a major payment institution (MPI) licence… Continue reading SG Digest: Sleek bags major payment institution licence; Vickers warns against scammer

IFC proposes $5m investment in Indonesia’s Kitabisa to expand into insurance

The International Finance Corporation (IFC), which is part of the World Bank Group, has proposed an up to $5 million equity investment in the Indonesian crowdfunding platform Kitabisa to expand its offerings into insurance, it said in a disclosure. PT Kita Bisa Indonesia is a technology social enterprise that offers technology development and consultancy service… Continue reading IFC proposes $5m investment in Indonesia’s Kitabisa to expand into insurance

After suspending withdrawals, crypto lender Voyager Digital files for bankruptcy

Voyager Digital said on Wednesday it had filed for bankruptcy, a week after the crypto lender suspended withdrawals, trading and deposits to its platform as it sought additional time to explore strategic alternatives. In its Chapter 11 bankruptcy filing on Tuesday, New Jersey-based Voyager estimated that it had more than 100,000 creditors and somewhere between $1 billion and… Continue reading After suspending withdrawals, crypto lender Voyager Digital files for bankruptcy

Toyoda Gosei to Invest in Interior and Exterior Parts Manufacturing Company in Central China

KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282), through its regional headquarters in China, Toyoda Gosei (China) Investment Co., Ltd. (TG China), is investing in Wuhan Binyu Auto. Part Co., Ltd. This move will strengthen Toyoda Gosei’s supply system for interior and exterior automotive parts in central China. Wuhan Binyu is a production company in the Yibin… Continue reading Toyoda Gosei to Invest in Interior and Exterior Parts Manufacturing Company in Central China

REAL LEADERS®️ UNVEILS ITS INAUGURAL ECO INNOVATION AWARD WINNERS

Smarter Sorting is a Top 50 Winner for achievement in environmental impact AUSTIN, Texas and BOULDER, Colo. , July 6, 2022 /PRNewswire/ — Smarter Sorting (www.smartersorting.com), a consumer goods data and sustainability company, has been announced as a Top 50 winner in the 2022 Real Leaders® Eco Innovation Awards. Smarter Sorting helps retailers and suppliers know… Continue reading REAL LEADERS®️ UNVEILS ITS INAUGURAL ECO INNOVATION AWARD WINNERS

Flexe Raises $119M as Enterprises Accelerate Flexe Logistics Program Adoption

Global Enterprise Retailers and Brands Turn to Flexe to Navigate Challenges, Add Resilience and Reduce Risk in Their Logistics Operations SEATTLE, July 6, 2022 /PRNewswire/ — Today Flexe, the programmatic logistics leader, announced its $119 million Series D funding round at a $1b+ post-money valuation. The round includes new investments from funds and accounts managed by… Continue reading Flexe Raises $119M as Enterprises Accelerate Flexe Logistics Program Adoption