Uber invests $170m in bike and scooter rental startup Lime Micromobility
The mobility giant Uber on Thursday (May 7) made the announcement of its investment of $170 in the bike and scooter rental startup Lime Micromobility.
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India’s Caspian Debt scoops $20 Mn funding from DFC
Hyderabad-based corporate lender Caspian Debt on Friday revealed that it has raised $20 million from the U.S. International Development Finance Corporation.
Zoom acquires encrypted chat startup Keybase to make meetings more secure
The popular Zoom video conferencing company has reportedly acquired Keybase Inc, an Andreessen Horowitz-backed encrypted-chat startup.
Ratan Tata invests in the Maharashtra-based pharmaceutical startup Generic Aadhaar
Ratan Tata has reportedly invested an undisclosed amount in the pharmaceutical startup from Thane, Maharashtra, India, Generic Aadhaar.
CODED announces its demo-day to graduate their first group of full-stack developers
Kuwait's CODED yesterday, May 7 announced its demo-day to graduate its first group of full-stack developers from Amman, Jordan
Swiggy co-founder & CTO Rahul Jaimini quits the company to join Pesto Tech
Swiggy, on Thursday, May 7 announced that its co-founder & CTO Rahul Jaimini has quit the company to join a career accelerator startup Pesto Tech
Uber to lay off 3,700 employees – More cost-cutting measures coming soon
Uber in a filing with the Securities and Exchange Commission on Saturday, May 2 disclosed that it will lay off 3,700 employees
KSA’s Sportstech startup Grintafy raises $1.25 Mn seed funding from Wa’ed Ventures
Grintafy Technologies, a sportstech startup today announced that it has raised $1.25 million in a seed funding round led by Wa'ed Ventures
Intel acquires Israeli mobility startup Moovit for $900 Mn
Intel on Monday announced that the company has acquired the HaMerkaz, Israel headquartered mobility startup Moovit for $900 million.
Curefit Lays off 800 employees, implements salary cuts & shuts down centres in India & UAE
Curefit has reportedly laid off over 800 employees across and shut down a number of gyms and centres across India and the UAE
Travel Triangle board lays off the company’s CEO & CTO
Gurugram, India-based travel and hospitality startup, Travel Triangle has relieved its CEO Sankalp Agarwal and CTO Prabhat Gupta.
Careem lays off 31% workforce amid losses due to COVID-19
Careem has recently announced that it is officially laying off 31 percent of its employees in a wake of huge losses amid the COVID-19 crisis.