News

There’s a new entrant in Southeast Asia’s growing list of unicorns. Jakarta-based Xendit, best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. The round was led by Tiger Global Management, with participation from […]

QED Investors announced the closing of two new funds totaling $1.1 billion, capital that it will be using to back early-stage startups, as well as growth rounds for later-stage companies. Specifically, today QED is announcing a $550 million early-stage fund and a $550 million growth-stage fund, both of which are aimed at backing fintech companies […]

September 14, 2021 WASHINGTON (Reuters) – Underlying U.S. consumer prices increased at their slowest pace in six months in August, suggesting that inflation had probably peaked, though it could remain high for a while amid persistent supply constraints. The Labor Department said on Tuesday its Consumer Price Index excluding the volatile food and energy components […]

September 14, 2021 LIVERPOOL, England (Reuters) – Liverpool must hit the ground running in their first Champions League game against AC Milan as a tough group also including Atletico Madrid and Porto will leave no room for error, manager Juergen Klopp said on Tuesday. Liverpool and Milan contested two finals in 2005 and 2007, with […]

September 14, 2021 By Jesús Aguado MADRID (Reuters) -A court hearing of a case brought by Italian banker Andrea Orcel against Santander over the bank’s withdrawal of an offer to make him CEO is expected to resume on October 20, a statement from the Madrid court said on Tuesday. Santander and Orcel ended up in […]

September 14, 2021 PARIS (Reuters) – Here are the highlights of Boeing’s annual Commercial Market Outlook (2021-2040) released on Tuesday, compared with the two previous editions. 20-YEAR FORECAST Publication date: 2019 2020 2021 Traffic 4.6% 4.0% 4.0% GDP 2.7% 2.5% 2.7% Starting Fleet 25,830 25,900 25,900* Deliveries 44,040 43,110 43,610 Regional 2,240 2,430 2,390 Single-aisle […]

Less than six months after raising $75 million, Pacaso — a real estate platform which aims to help people buy and co-own a second home — announced today that it has raised $125 million at a $1.5 billion valuation. SoftBank Vision Fund 2 led the Series C funding round for Pacaso, which essentially went from […]

SellersFunding secured $166.5 million in a combination of Series A equity funding and a credit facility to continue developing its technology and payments platforms for e-commerce businesses. Northzone led the round and was joined by Endeavor Catalyst and Fasanara. SellersFunding CEO Ricardo Pero did not disclose the funding breakdown, but did say the company previously […]

Corporate gift services have come into their own during the Covid-19 pandemic by standing in as a proxy for other kinds of relationship building activities — office meetings, lunches, and hosting at events — that have traditionally been part and parcel of how people do business, but were no longer feasible during lockdowns, social distancing […]

Immi is putting a healthy spin on instant ramen by going plant-based and offering more bold tastes. The company announced Tuesday that it raised $3.8 million in seed funding. Co-founders Kevin Lee and Kevin Chanthasiriphan both grew up in food families from Taiwan and Thailand, respectively, and met a decade ago while working at the […]

A new lawsuit threatens a decades-long collaboration that brought Skype, robot delivery startup Starship Technologies and encrypted enterprise messaging service Wire into the world. TechCrunch has learned that Mark Dyne, one of Skype’s founding investors, is suing billionaire Skype co-founder Janus Friis in California’s Superior Court for the County of Los Angeles for unlawful conspiracy […]

Truepic, a digital image verification software provider, has raised $26 million in a Series B funding round led by M12, Microsoft’s venture fund. Adobe, Sony Innovation Fund by IGV, Hearst Ventures and individuals from Stone Point Capital also participated in the financing, which brings San Diego-based Truepic’s total raised since its 2015 inception to $36 […]

September 14, 2021 By Chandini Monnappa BENGALURU (Reuters) -Zomato Ltd co-founder and head of supply Gaurav Gupta has left the Indian food delivery firm after six years, the company said https://ift.tt/39cnbkx on Tuesday, months after it went public in a high-profile listing. Gupta, who was promoted to the position of founder in March 2019, had […]

September 14, 2021 (Reuters) – Britain was setting out its coronavirus strategy for the winter months on Tuesday, with booster vaccinations for the most vulnerable and elderly a central part of the plans for a country with one of the highest COVID-19 death tolls. Following is a summary of some of the COVID-19 precautions being […]

SpaceX launched a Falcon 9 rocket carrying 51 of its Starlink satellites from Vandenberg Air Force Base in California on Monday night at 8:55 PM PDT (11:55 PM EDT). This was the first launch for the Starlink satellite internet constellation from the west coast, and also the first batch of a second stage of Starlink […]

September 14, 2021 By Philip Pullella PRESOV, Slovakia (Reuters) – Pope Francis said on Tuesday that the cross should not be used as a political symbol and warned against Christians trying to be triumphalist, in an apparent criticism of the use of religion for partisan ends. Francis flew to the city of Presov, in eastern […]

September 14, 2021 LONDON (Reuters) -British defence company BAE Systems has high hopes for its space business after acquiring UK-based In-Space Missions on Tuesday, giving it the ability to design, launch and operate complete satellites. “It (space) will be a big opportunity for us,” Chief Executive Charles Woodburn told Reuters on the sidelines of a […]

September 14, 2021 By Stephen Nellis (Reuters) – Apple Inc on Tuesday is expected to show new iPhone and Apple Watch models with slight upgrades, and analysts expect that wireless carriers will play an outsized role in the annual show as they try to entice consumers into 5G plans. Apple last year introduced its iPhone […]

September 14, 2021 By Sophie Yu and Brenda Goh BEIJING (Reuters) – Chinese retailer Miniso Group will open a ‘flagship’ New York store and nearly double its U.S. outlets this year, betting post-pandemic shoppers on a budget will snap up cheap but fun goods for homes and work like $10 soft toy cats and $4 […]

September 14, 2021 By Carolina Mandl SAO PAULO (Reuters) – Competition, the pandemic and sectoral demand are common challenges facing companies planning initial public offerings (IPOs), but Brazilian companies have started to flag a new risk: political upheaval from far-right President Jair Bolsonaro. Cosmetics maker Coty and retailer Cencosud’s Brazilian units included the risk of […]