Indian online grocer Zepto is reportedly in talks on a secondary sale that would allow employees and some existing investors to sell as much as $250 million worth of shares. The proposed secondary sale would value the company at the same level as a funding...
British payments company Checkout.com has a new chief operating officer. Jenny Hadlow, who had been heading the company’s revenue operations team, will be promoted to the COO position, chief executive Guillaume Pousaz said in an announcement published Wednesday (June 12). “Jenny has a unique perspective...
A Paris-based artificial intelligence (AI) startup called Holistic has reportedly raised $200 million in the first tranche of an initial funding round. The firm was formed by scientists who left DeepMind and aim to develop “multi-agent” models in which several AI systems interact with one...
Delivery service Rappi is getting ready for a future initial public offering (IPO). The company, which is one of Latin America’s most valuable startups, does not have a timeline for an IPO but aims to be ready for one “when it makes sense,” Rappi Chief Financial Officer Tiago...
September 14, 2023
It’s a challenging economy for consumers — and startups don’t have it any better. Nine out of every 10 startups that raise money end up failing over a 10-year period. Observers believe that venture-backed startups fail at higher numbers than the industry usually cites. Although far more businesses fail than eventually succeed, the process of shutting down a company can often […]
May 04, 2023
Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion mark in 2022 as investors...
April 07, 2023
In a challenging macroeconomic market that has led to a sharpened focus on belt-tightening, FinTech firms are under mounting pressure from investors to pivot from growth to profitability. It’s a...
December 29, 2022
Global economic volatility and recession risk test the business resilience of startups. But for firms in emerging markets across Africa and the Middle East, the macroeconomic impact on business growth...
April 22, 2025
New York-based embedded payroll startup Salsa continues to gain momentum. With a newly secured $20 million in Series A funding, its total capital is $30 million since its founding in 2021, according to a press release issued Tuesday (April 22). The round was led by Altos Ventures, with additional participation from Greycroft, SemperVirens, Definition and Better […]
March 24, 2025
Indian online grocer Zepto is reportedly in talks on a secondary sale that would allow employees and some existing investors to sell as much as $250 million worth of shares....
June 12, 2024
British payments company Checkout.com has a new chief operating officer. Jenny Hadlow, who had been heading the company’s revenue operations team, will be promoted to the COO position, chief executive...
May 07, 2024
A Paris-based artificial intelligence (AI) startup called Holistic has reportedly raised $200 million in the first tranche of an initial funding round. The firm was formed by scientists who left...
