Amazon, the renowned American retail and technology giant, is reportedly set to see its stake in UK food delivery company, Deliveroo, fall to approximately 11.5% when the latter goes public through its long-awaited initial public offering (IPO). Amazon currently holds a 15.8% stake in the multinational food delivery conglomerate.
Deliveroo has reportedly set its share price between £3.90 and £4.60 per share. This will provide a valuation of £7.6 billion to £8.8 billion. It involves selling of new shares for raising over £1 billion and around 128
Leading Indonesian fintech, Pluang, has reportedly raised over $20 million through a pre-Series B funding round, which was led by Openspace Ventures, with Go Ventures and other returning company investors also participating in the round.
For the record, the company offers proprietary investment and savings solutions that enable users to contribute as low as 50 cents USD. Pluang is available through its partnerships with super apps such as Gojek, Bukalapak, and Dana and claims to have over 1 million users at present.
According to the credi
Organizers and workers in Amazon are reportedly making their final push in the first warehouse union election in the U.S. in Bessemer, Alabama. Reportedly, the success of this unionization would mark one of the largest labor victories in the country over the past several decades.
It has been reported that the struggle to form a union at the thriving retail and technology giant has gained immense political attention and has taken the topic of labor rights in the country to the headlines, especially during the COVID-19 pandemic when warehouse workers for online retail have bec
Automobili Lamborghini S.p.A, a world-famous manufacturer of luxury cars and SUVs, recorded its highest ever profit margins in 2020, despite a two-month factory shut down in 2020.
During the mayhem caused by the COVID-19 pandemic, most established businesses struggled to stay afloat, but the Italian car manufacturer managed to not only generate profits but take the company to new heights
For the record, Lamborghini sold 7430 units in 2020, slightly lesser than its sales in 2019 which stood at 8250 cars. However, the profits remained high
The government of Japan is reportedly looking lift the COVID-19 state of emergency it imposed in Tokyo on Sunday. The Japanese Prime Minister, Yoshihide Suga, made the announcement while the governor of Tokyo cautioned citizens to stay vigilant.
PM Suga stated that accessibility to beds in hospital had improved in Tokyo as well as its three surrounding prefectures where restrictions have in place since early January. The government has thus decided to lift the state of emergency mainly in Kanagawa, Chiba, Saitama, and Tokyo prefectures as of March 21.
Leap, a technology-driven asset pooling startup, has reportedly secured $17 million in a Series B funding round led by Singapore-based Jungle Ventures. This latest funding round also includes participation from other investors namely Owl Ventures and Sequoia Capital India.
A year ago, the edu-tech startup had raised $5.5 million in funding from Sequoia Capital India, which takes the total investment secured by the company to $22.5 million. It is planning to use the new capital in expanding its product portfolio, strengthening its team across technology & business functio
Scotland based Omega Diagnostics is reportedly being awarded a £375 million contract by the UK government as it looks to increase the production of Covid-19 tests for encouraging residents without any symptoms to get themselves tested for the coronavirus.
For the uninitiated, Omega is part of the UK Rapid Test Consortium, which was established for the development and production of Covid-19 antibody tests as a part of the national testing strategy of the government.
Speaking on the government’s investment initiative, the compan
Netflix Inc., a U.S.-based multinational OTT content platform is was reportedly found testing a new feature through which it will prevent user password sharing. This feature is currently active on Netflix TV and blocks account access if the user is not authorized.
If reports are to be believed, Netflix displays a message to unauthorized users implying that the account cannot be accessed unless they are living with legitimate account holders. It urges them to open their account, a move that can also improve the platform’s user base.
YouTube has reportedly unveiled is its plans of deducting taxes from the earnings of content creators outside the U.S. from June 2021. The deductions will be made on the income made from viewers within the frontiers of the United States, cited sources close to the matter.
The Google-owned video streaming platform has reportedly informed its creators through an email, asking them to proceed with the submission of their tax information in Google AdSense, for the determination of the correct amount of taxes subjected to a deduction.
The new
