News
Stay up-to-date with the latest news and developments in the world of startups and technology. Our News category features daily updates, company highlights, and essential information you need to stay informed about global innovation of the startup world.
- Aug- 2021 -2 August
PIS 2021 Online Exhibition ‘DIGITAL SHOW’
Korea Federation of Textile Industries (Chairman Sang-woon Lee, hereafter referred to as San-ryeon Seom) did hold an online exhibition (PIS Digital Show) on July 23rd to strengthen the pre-marketing of ‘Preview in Seoul (PIS) 2021’ to be held in September…
- 2 August
Colombian startup Rappi raises $500M
An on-demand delivery Colombian startup Rappi raises funds worth $500 million at a $5.25 billion valuation. This was a Series F round led by T. Rowe Price. Baillie Gifford, Third Point, Octahedron, GIC, and SoftBank also participated in the new…
- Jul- 2021 -27 July
Dingdong Maicai IPO debut with $95.7M raise
Chinese on-demand grocer Dingdong Maicai IPO debut made headlines as it raised $95.7 million. This came after the company priced its shares at the lower end of the range. Dingdong Maicai’s debut received a lukewarm reception. Even though it cut…
- 26 July
Didi raises funds worth $4.4 billion
Chinese ride-hailer Didi raises funds worth $4.4 billion. It went public on the New York Stock Exchange in a much anticipated US IPO. Didi is the biggest Chinese IPO in the US since Alibaba’s $25 billion listings in 2014. Details on the deal…
- 24 July
Alibaba vs Meituan, and More: SHORT SHOTS
Welcome to today’s short shot discussing Alibaba vs Meituan and much more. Here we take a glimpse at what went on with the startups to make the headlines in a single article piece. Alibaba vs Meituan: Alibaba gets competitive E-commerce…
- 23 July
Didi Under Scrutiny of the Chinese Government
Didi is again under the scrutiny of the Chinese government in less than a week of Wall Street’s debut. Now it has become the biggest new target in Beijing’s fast-moving efforts to tame the country’s internet industry. Why is Didi…
- 22 July
Housekeeping service app Daojia files for US IPO
Daojia files for the US IPO in New York recently. It is a Chinese platform offering on-demand housekeeping services. In Chinese, Daojia means coming to homes. Alibaba is the backer of the company and the owner is 58.com. 58.com is China’s…
- 21 July
Outbrain raises funds of $200 million ahead of its IPO
Outbrain raises funds worth $200 million. It is an ad-tech company that provides clickbait ads below news articles. Outbrain didn’t disclose the valuation of the company for this deal. The Baupost Group, a Boston-based hedge fund, is investing in the…
- 20 July
Wecasa raises $17.7 million for its wellness startup
French wellness startup Wecasa has raised a $17.7 million funding round (€15 million). Blisce is leading the funding round with existing investors Serena, ISAI, and Frédéric Mazzella also participating. A little about the wellness startup Wicasa Wicasa has been building a marketplace…
- 19 July
Opaque raises $9.5M in seed round
Opaque is a new startup born out of Berkeley’s RISELab. It announced a $9.5 million seed round to secure sensitive data in the cloud. Opaque raise the money to be able to securely access and work with sensitive data. Intel Capital…
- 18 July
Blackstone to Back Carbon Health Technologies Inc.
Carbon Health Technologies Inc. is a startup that provides in-person and virtual healthcare services. It is in talks for new funding at a valuation of roughly $3 billion. This followed after shelving talks to go public through a blank-check company.…
- 17 July
Edge Delta raises $15M Series A
It was announced that Edge Delta raises a Series A round of $15 million. The Seattle-based company is a startup building a modern distributed monitoring stack. This is competing directly with industry heavyweights like Splunk, New Relic, and Datadog. The Series…
- 16 July
Mercuryo raises funds for crypto-focused, cross-border payments
Mercuryo raises funds worth $7.5M in a recent round of funding. It is a London-based startup that has built a cross-border payments network. Mercuryo began onboarding customers at the beginning of 2019 and has seen impressive growth since with annual…
- 15 July
Pleo becomes Denmark’s eighth unicorn
Fintech Pleo becomes the eighth unicorn after raising $150M at a $1.7bn valuation. Thus, giving Denmark its eighth unicorn. What it also means is that in just over six years, Pleo has reached the milestone valuation faster than any other…
- 14 July
Visa to buy Tink, a Swedish fintech for €1.8bn
Visa announced that it is going to buy the Swedish open banking platform Tink for €1.8bn. This will be a landmark acquisition for European tech and open banking. This could be the third-largest M&A of a European VC-backed fintech, according…
- 13 July
Planet Lab Enters Merger Agreement of $2.8bn
Planet Lab merger has garnered a lot of publicity recently. the company becomes public by recently entering a merger agreement. It is a provider of daily data and insights about Earth. The company has entered into an agreement with dMY…
- 12 July
Mmhmm – the startup, raises $100M
Mmhmm, the startup, has managed to raise funding worth $100M recently. It’s Phil Libin’s second act after Evernote. Mmhmm was born during the Covid-19 pandemic. Therefore, it provides improved video chat tools that include automatic background removal and advanced presentation…
- 9 July
Gyeonggi-do Online Meet-Up Ends Successfully – France x Pangyo
Gyeonggi-do online meet-up was held with France to promote the value of Pangyo Techno Valley and the current status of businesses too.
- 8 July
Volocopter Flies at Paris Air Forum
For the first time, Volocopter flies at Paris Air Forum. The pioneer of urban air mobility (UAM), Volocopter, flew their Volocopter 2X electric vertical take-off and landing (eVTOL) aircraft at Le Bourget Airfield during the Paris Air Forum. More about the…