Indonesian P2P lending startup JULO raises $10 million in Series A2

Indonesian P2P lending startup JULO raises $10 million in Series A2

Published: 2 hours agoAuthor: Pankaj Singh

Fintech companies in Indonesia are witnessing a substantial growth lately. The fintech boom in Indonesia is due to low access of businesses to traditional capital sources. P2P lending firms are one of the hot seats for fintech business of Indonesia.&....

Investment firm Groww raises ₹154 crore in the Series B funding round

Investment firm Groww raises ₹154 crore in the Series B funding round

Date: 2019-09-21Author: Paroma Bhattacharya

Groww presently offers more than 3000 options in mutual funds for investment.   The company aims to use its raised funds to double its team size to approximately 200 by next year. Grow, an online investment startup, reportedly announced that ....

Virgin Atlantic plans to fly more flights to London from Scotland

Virgin Atlantic plans to fly more flights to London from Scotland

Date: 2019-09-20Author: Saipriya Iyer

Virgin Atlantic has also planned 35 new long-haul routes in Asia, Africa, and South America.   Out of the total 84 new destinations the airline plans to serve from London’s Heathrow, 12 destinations are in United Kingdom. Virg....

Bharat Forge plans to build its new plant in North Carolina, U.S.

Bharat Forge plans to build its new plant in North Carolina, U.S.

Date: 2019-09-19Author: Pankaj Singh

The forging industry plays an important role in driving the manufacturing and automobile sectors. Surging demand for aluminum worldwide by numerous industries has encouraged market players to expand their business reach.  Bharat Forge Ltd., o....

TuSimple secures $215 million from its Series D funding round

TuSimple secures $215 million from its Series D funding round

Date: 2019-09-18Author: Paroma Bhattacharya

Autonomous vehicles are on the verge of becoming an essential part for future mobility. With various tech companies like Uber and Amazon investing heavily in self-driving cars, the technology is set to offer great potential by cutting cost, deliverin....

Niche AI workforce acquired by Ericsson for AI development in India

Niche AI workforce acquired by Ericsson for AI development in India

Date: 2019-09-17Author: Saipriya Iyer

Artificial Intelligence (AI) is increasingly being adopted by a number of telecommunications and networking companies lately. Telecommunication companies across the globe are turning towards AI-driven platforms to deliver a better customer experience....

Virgin Australia plans to acquire Velocity frequent flyer program

Virgin Australia plans to acquire Velocity frequent flyer program

Date: 2019-09-16Author: Paroma Bhattacharya

The airline intends to buy back remaining 35% share of Velocity frequent flyer program for A$700 million, a move that would diversify its source of income. Virgin Australia Holdings Ltd., one of the largest airlines operating in Australia, recentl....

Atomwise to collaborate with Hansoh Pharma for AI-based drug discovery

Atomwise to collaborate with Hansoh Pharma for AI-based drug discovery

Date: 2019-09-14Author: Pankaj Singh

Atomwise Inc., a leading developer of healthcare software that uses AI to discover medicines and agricultural compounds, recently announced that it will be collaborating with Hansoh Pharmaceutical Group Company Limited, a leading Chinese biopharmaceu....

Valsoft acquires Commsoft OASES and enters the aviation vertical

Valsoft acquires Commsoft OASES and enters the aviation vertical

Date: 2019-09-13Author: Pankaj Singh

Since the company’s first association with airline sector over 40 years ago, Communications Software has been developing the MRO IT system continually. Commsoft will keep on developing and supporting OASES, and all other services and produ....

London-based Snyk secures €63Mn from Accel led funding round

London-based Snyk secures €63Mn from Accel led funding round

Date: 2019-09-12Author: Saipriya Iyer

The company intends to use this funding to fuel its plans for the next phase of global growth. Snyk, a developer-first security company based in London, has reportedly managed to secure an investment of €63 million from its recent funding rou....

Wendy's invests $20 million to introduce a new national breakfast menu

Wendy's invests $20 million to introduce a new national breakfast menu

Date: 2019-09-11Author: Saipriya Iyer

The revamped menu includes three new breakfast items; Honey Butter Chicken Sandwich, the Breakfast Baconator as well as the Frosty-ccino.   Wendy’s has tried breakfast menus many times over the past decade, which also includes a 20....

Spendesk raises €35Mn through Series B round led by Index Ventures

Spendesk raises €35Mn through Series B round led by Index Ventures

Date: 2019-09-10Author: Paroma Bhattacharya

The company will use the newly raised funds to strengthen its product and to expand its footprint across Europe. Spendesk, a smart spending management software startup based in France, has reportedly raised €35 million in a Series B funding r....

Good Capital announces $25M fund to invest in unique startups

Good Capital announces $25M fund to invest in unique startups

Date: 2019-09-09Author: Paroma Bhattacharya

Good Capital is planning to invest $100 to $2M in pre-seed to Series A round of funding   It will invest in startups that have unique ideas and understanding of market conditions Good Capital, an early-stage investment firm, has repo....

Sears to cut 250 corporate jobs at its headquarters in Hoffman Estates

Sears to cut 250 corporate jobs at its headquarters in Hoffman Estates

Date: 2019-09-06Author: Pankaj Singh

Sears will implement a permanent reduction of workforce within 14 days.   The company will be closing dozens of its Kmart and Sears stores. Sears, Roebuck and Company, a chain of department stores, has announced that would reportedl....

Nestle to lay off 172 workers; shuttering Indianapolis facility

Nestle to lay off 172 workers; shuttering Indianapolis facility

Date: 2019-09-05Author: Paroma Bhattacharya

Nestlé Dreyer’s Ice Cream Co. and Nestlé USA Inc. recently announced the closing down of a frozen distribution facility on the near southeast side of Indianapolis by the end of 2019. Reportedly, the company con....

AIR’s Earthquake Model chosen by IAG for catastrophe risk management

AIR’s Earthquake Model chosen by IAG for catastrophe risk management

Date: 2019-09-04Author: Saipriya Iyer

Sydney-based insurance firm Insurance Australia Group (IAG) has reportedly selected risk management company AIR Worldwide’s Earthquake Model to help with New Zealand’s catastrophe risk management. AIR Worldwide is a Boston-based firm asso....

Binance procures crypto trading platform JEX based in Seychelles

Binance procures crypto trading platform JEX based in Seychelles

Date: 2019-09-03Author: Pankaj Singh

Binance has shown continued interest in the crypto derivatives market, an observation backed by its acquisition of JEX.   The company intends to offer more innovative crypto-asset derivative products in future as Binance JEX. Binanc....

Founders Brewing Co. cedes 90% ownership to Madrid-based craft brewery

Founders Brewing Co. cedes 90% ownership to Madrid-based craft brewery

Date: 2019-08-31Author: Paroma Bhattacharya

Grand Rapid’s based brewing company Founders Brewing Co. sells majority stakes to Spanish brewery Mahou San Miguel. Taproom & brewery daily operations to remain unchanged. Founders Brewing Co., a renowned craft-style brewery based....

Facebook enforces strict rules for political ads ahead of US elections

Facebook enforces strict rules for political ads ahead of US elections

Date: 2019-08-30Author: Paroma Bhattacharya

Facebook is planning to tighten rules for political ad spending ahead of the 2020 US elections. The company will be more cautious from here onwards, as it will require information on who is paying for the campaign messages. This initiative is the ....

Hershey acquires ONE Brands & announces snack bar portfolio expansion

Hershey acquires ONE Brands & announces snack bar portfolio expansion

Date: 2019-08-29Author: Pankaj Singh

ONE Brands is being purchased for $397 Mn or approx. $325 Mn net of tax benefits.   ONE Brands would greatly compliment Hershey’s current Oatmega business, which was procured as a part of Amplify Snack Brands Inc., acquisition in 20....

BharatPe raises USD 50 million in funding round led by Ribbit Capital

BharatPe raises USD 50 million in funding round led by Ribbit Capital

Date: 2019-08-28Author: Paroma Bhattacharya

The funding round witnessed the participation of Ribbit capital along with Steadview Capital and the other existing investors. The funds are expected to be utilized to expand the company’s current merchant base. With the second round, th....