Indian Hotel Startup Oyo Prepping IPO
Despite a rocky year due to COVID-related travel restrictions, Oyo Hotels and Rooms is preparing to file for an initial public offering (IPO) to raise roughly $1 billion. The Indian hospitality startup is expected to file for the IPO next week in…
Black founders from Dallas and Frisco receive a six-figure boost from Google’s startup fund
Three North Texas companies are getting a six-figure boost from a Google fund designed to aid Black-founded startups. Google set up the $10 million initiative to address the access to capital problem that many Black founders encounter when they launch…
OSU Startup Inpria Nets $514M Acquisition for Trailblazing Chemical Manufacturing
(Scientists at Inpria developed a liquid inorganic material that allows for more efficient and precise production of microchips | Photo courtesy of Inpria) Inpria Corporation, which got its start at Oregon State University and whose revolutionary…
Google awards $100K each to five Black-led Austin startup companies
AUSTIN, Texas – Five Black startup company founders in Austin have been awarded $100,000 each as part of the Google for Startups Black Founders Fund, says Google. The fund is a $10 million initiative from Google designed for Black founders starting…
GM Invests in Chinese Autonomous Driving Startup Momenta | Technology News
BEIJING (Reuters) -General Motors Co said on Thursday it will invest $300 million in Chinese autonomous driving startup Momenta to develop self-driving technologies for future models in China, its first such tie-up in the world’s biggest car…
LG acquires Israeli automotive cybersecurity startup Cybellum
LG Electronics said on Thursday it has acquired Israeli automotive cybersecurity startup Cybellum. Tel Aviv-based Cybellum was founded in 2016 and offers a risk assessment software that can scan software on vehicle components for vulnerabilities and…
What boosting local funding could mean for Africa’s startup ambitions
Photo of person shuffling cash in Senegal bank. The amounts raised by African technology startups over the past year have been eye-popping and headline-grabbing. Flutterwave, a payments processing company, raised $170 million in March as it became…
Exclusive-Mexico’s Kavak Says New Funds Make It Second-Most Valuable LatAm Startup | Investing News
MEXICO CITY (Reuters) – Mexican used-car platform Kavak said it has more than doubled its valuation to $8.7 billion based on its latest funding round, making it the second-most valuable startup in Latin America as it eyes further expansion beyond…
Swiss Bitcoin Startup Relai Becomes Virtual Asset Service Provider
Bitcoin investing app Relai has become a regulated Virtual Asset Service Provider (VASP) in Switzerland, allowing it to provide bitcoin brokerage services to customers in the country and Europe, according to a press release sent to Bitcoin Magazine. The…
Mexico’s Used Car Startup Kavak Raises $700M
Mexican used-car platform Kavak raised $700 million in a Series E funding round that values the startup at $8.7 billion, the second-most valuable venture in Latin America, according to Reuters and other news outlets on Wednesday (Sept. 22). The funding…