IndiaMART to acquire a majority stake in Livekeeping for $6Mn

IndiaMART InterMESH, an Indian e-commerce company that provides B2B and customer to customer sales services, has recently announced that it is planning to invest around Rs. 45.98 crore (USD 6 million) for acquiring a 51.09% stake in Finlite....

India to initiate fleet mode projects for nuclear power plants in 2023

India operates a total of 22 nuclear reactors with an overall capacity of 6,780 MW in operation Starting with the construction of an atomic power plant of 700MW in capacity in Karnataka set to commence activities in 2023, India is setting ....

China’s e-commerce firm JD.com plans to lay off at least 400 workers

JD.com has started laying off its 10%-15% staff Alibaba and Tencent are also allegedly planning to cut around 10% of their staff this year JD.com, a Chinese e-commerce firm based in Beijing, has started laying off at least 400 employee....

Instagram now allows all U.S. users to tag products in their posts

Social networking platform, Instagram plans to expand its product tagging feature in the United States in the coming few months. Prior to this expansion plan, Instagram only allowed content creators to tag products in their posts from busi....

AI-based solutions provider Glia nabs $45 million in Series D round

Glia’s valuation surpasses $1 billion The company secured $78 million in Series C round last year Total funds raised by the company exceeds $150 million AI-enabled service solutions provider, Glia has raised $45 million in the ....

Leading oilfield service companies suspend operations in Russia

Three of the world’s largest oilfield service companies — Schlumberger, Halliburton, and Baker Hughes — have announced suspension of operations in Russia after the country’s ongoing assault of Ukraine. While Schlumb....

Egypt’s leading national banks launch venture fund for young innovators

The new venture fund “Nclude” will foster growth of the Egyptian economy by helping young innovators Largest banks in Egypt including Banque Misr, Banque du Caire, and National Bank of Egypt have collaborated over the launch of....

Zomato to rescue cash strapped Blinkit by lending loan of $150 million

Zomato, India's most considerable food delivery, dining, and restaurant discovery service, will be investing $150 million in debt to save cash-strapped commerce startup Blinkit. The investment will be made in one or more transactions at....

Israeli irrigation tech startup SupPlant raises $27 million in funding

SupPlant, a plant-tech company based in Israel, has successfully raised $27 million for its platform which empowers farmers to increase crop yields and optimize water usage. The funding round was spearheaded by Red Dot Capital Partners alo....

Mastt to expand business overseas with OIF Ventures-led $9.5Mn fund

The company aims for offshore growth across the U.S. and Middle East Mastt, a construction technology startup, has reportedly raised $9.5 million building upon its goal to pursue offshore growth. The latest funding round led by OIF Ventur....