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 -13 August
Summit invests in Odoo $215 million
Odoo is a Belgium-based open-source business management software developer. Recently the software company got a funding injection. The news came that Summit invests in Odoo $215 million. Since its inception in 2005, it has made a profitable operation by developing…
- 10 August
Colombia’s Merqueo gets funding of $50M
A full-stack, on-demand delivery service operator in Latin America, Merqueo gets funding of $50 million in a Series C round. IDC Ventures, Digital Bridge, and IDB Invest co-led the round. It also included participation from MGM Innova Group, Celtic House…
- 9 August
Zūm funded by SFUSD a sum of $150M
Zūm was funded by SFUSD (The San Francisco Unified School District) a sum of $150M to modernize its transport service throughout the district. It is a startup that wants to upgrade student transportation. The startup already operates its rideshare-meets-bus service…
- 6 August
Robinhood’s stock drops 8% in its first day’s trading
Robinhood's stock drops by 8% on its first day of trading. The company priced its public offering at $38 per share. This made it worth around $32 billion at that price.
- 5 August
Aesty premium cordless flat iron reaches its First funding goal
A new funding record might have been made with Aesty premium cordless flat iron. The product Aesty successfully raised its initial Kickstarter funding goal of $10,000 in just under 15 hours. Who created this product and their inspiration for it?…
- 4 August
Jeonbuk Techno Park to host "Untact Overseas Buyer Consultation Conference"
Jeonbuk Techno Park will hold an "Untact Overseas Buyers Meeting". The company’s Director is Yang Kyun-ui. The company will hold the conference with related buyers situated in Europe and the Americas. It will be on September 8th and September 9th…
- 3 August
Music app Breakr raises funds worth$4.2M
Music app Breakr raises funds worth $4.2 million in a seed round led by Slow Ventures. The latest raise follows $700,000 in funding led by Andreessen Horowitz’s TxO fund. The people behind the service considered this round as proof as they worked…
- 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…