ACQUISITION Clarke Capital and Ikonifi Acquire Softbank's Former Portfolio Company Brandless.com June 25th, 2020 Direct-to-consumer company Brandless.com acquired by Clarke Capital Partners and Ikonifi to relaunch it again.
ACQUISITION Cipla acquired 22 percent stake in GoApptiv June 11th, 2020 Pharmacy company Cipla acquire a 22 percent stake in GoApptiv.
Market New York based Vroom raises $467.5 million in US IPO June 9th, 2020 Vroom Inc raises $467.5 million in its initial public offering and starts trending as a VRM at Nasdaq.
FUNDING Knorish raises $323k in funding for business expansion June 2nd, 2020 Knorish, a software tools provider for online platform raises $323k in funding.
FUNDING Indian Ledger App Khatabook raises $60 million in funding by Facebook Cofounder May 20th, 2020 Khatabook raises $60 million in equity round funding led by Facebook co-founder Eduardo Saverin's B Capital Group & Others.
INDIA 70% of Indian Startups are going to collapse says Nasscom Survey May 19th, 2020 Nasscom said 70% of Indian startups have a cash runway of less than 3 months.
Tech Buying a VPN? Here are 5 Things to Look For May 8th, 2020 5 things to look for a good VPN to keep your online activities private and secure.
FUNDING Stash Raises $80 Million funding from LendingTree May 4th, 2020 LendingTree made a strategic investment in fintech service in the US known as Stash.
BUSINESS Facebook revenue grew 17 percent, Posted $4.9 billion profit in Q1 2020 April 30th, 2020 Facebook also reported a sharp jump in usage as the global pandemic in a quarterly result.
CHINA Former Vice President of Baidu's Suspected of Corruption April 22nd, 2020 Ex-Baidu vice president Wei Fang is under suspicion of corruption following internal investigations.
News OYO cuts 25% of fixed pay of Employees; sends some staff on Leave April 22nd, 2020 Online hotel room booking platform OYO informed employees about their 25 percent salary cut and asked some staff to go on a four-month leave amid Coronavirus breakdown.
News Google Stop Employees from using Zoom Video Conferencing App April 13th, 2020 Google ban employees from using popular video-conferencing app Zoom after end to end security flaws.
