Ocado, that develops software, robotics, and automation systems for online retailers has invested £10 million in Oxbotica, an autonomous vehicle software company. The company Ocadoa, leading UK-based online grocery platform and solutions provider announced the partnership with the Oxford-based startup Oxbotica to develop a range of autonomous vehicles. Ocado is treating this as a strategic […]
The American multinational investment bank and financial services company Goldman Sachs invests around £50 million ($69 million) in Starling Bank, a digital challenger bank based in the United Kingdom. Starling Bank has raised £50 million in funding from Goldman Sachs growth equity investment arm. This new cash flow comes from on top of a £272 […]
The British manufacturing company Melrose Industries to sell its Nortek Air Management business to Chicago-based Madison Industries for approximately £2.62 billion ($3.625 billion). In the Year 2016 the Melrose Industries acquired Nortek for £2.2 billion, in the same year Melrose seed funded a new technology for the nascent StatePoint business, with an initial $2 million […]
The independent agency of the U.S. federal government, National Aeronautics and Space Administration ( NASA ) has chosen SpaceX an American aerospace manufacturer and space transportation services company to land NASA astronauts in moon for $2.89 billion. The agency’s powerful Space Launch System rocket will launch four astronauts aboard the Orion spacecraft for their multi-day […]
The American multinational investment bank and financial services corporation, Citigroup has announced its intentions to exit the consumer banking operations in 13 countries including India. The 13 nations Citibank (the largest foreign bank in India) will pull out from are Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand, and Vietnam. […]
The Mexican multimedia mass media company Televisa merges with American Spanish-language free-to-air television network, Univision for a $4.8 billion in which Televisa will contribute its content assets. The New combined company, Televisa-Univision will create the global leader in spanish-language media,Televisa-Univision will have the operating assets, financial scale and audience reach to accelerate its digital transformation […]
The Dubai government-owned bank Emirates NBD partners with the Supply Chain firm Monimove to complement the bank’s E20. digital business bank initiative that aims to empower entrepreneurs, startups, SMEs and other businesses in the UAE. This alliance will enable Emirates NBD’s SME clients to execute their local and international transactions smoothly on an innovative supply […]
The biotechnology company RubrYc Therapeutics partners with commercial stage biopharmaceutical company Zai Lab for research collaboration and license option agreement. This collaboration will allow RubrYc’s Meso-scale Engineered Molecules (MEMs) platform, to identify monoclonal antibodies with enhanced biological function for an undisclosed oncology target. Under the terms of the agreement RubrYc and Zai Labs will collaborate […]
The fintech solutions company Pine Labs acquires Singaporean startup Fave for $45 million as part of joint growth & expansion plan. Fave has enabled 6 million consumers in SEA to save over US$400 million across 40,000 retailers since 2016. With this acquisition, Indian consumers will be able to use Fave app later this year to […]
The Singaporean multinational ride-hailing company and Southeast Asia’s leading superapp, Grab Holdings Inc. (“Grab”), has announced to go public with U.S. in partnership with Altimeter Growth Corp . (Nasdaq: “AGC”). This merger is expected to be one of the largest-ever U.S. equity offering by a Southeast Asian company. The proposed transactions value Grab at an […]
The Swedish fintech company Trustly , has announced its plans for €9 billion valuation to list on Nasdaq Stockholm exchange in second quarter. An increasing number of Fintechs are creating alternative payment rails utilizing the Open Banking infrastructure mandated in the EU. With interchange capped in the EU financial institutions seem less resistant to this […]
The company Cruise, manufacturer of self-driving vehicles and a subsidiary of General Motors will be launching its first international robotaxi service in Dubai. The vehicle company will start testing its vehicles in UAE in 2023 with plans to launch a commercial ride-hailing service. The agreement marks significant expansion plans for Cruise, which has been concentrating […]
The American multinational investment management corporation, BlackRock has raised $4.8 billion for Global Renewable Power Fund III with commitments from over 100 institutional investors, including leading public and private pension funds, foundations, insurance companies, endowments and family offices from over 18 countries globally. GRP III, which invests in global climate infrastructure assets, primarily in renewable […]
The Saudi Arabian public petroleum and natural gas company, Saudi Aramco has agreed to sell its minority stake of $12.4 billion in a newly formed oil pipeline business to a US based EIG Global Energy Partners. It is Saudi Aramco’s largest deal since its record $29.4 billion initial public offering in late 2019. The deal […]
Australian based EML Payments has acquired 100% of Irish based Sentenial Group for €70 million. EML Payments operates through three segments: Gift & Incentive (G&I), General Purpose Reloadable (GPR) and Virtual Account Numbers (VANS). The Gift & Incentive segment provides single load gift cards for shopping malls and incentive programs across the world. Sentenial is […]
