Business

Be the World’s Largest Renewable Energy Generator, says Gautam Adani

21Sep

By Linda AshokNo Comments

Business

Be the World’s Largest Renewable Energy Generator, says Gautam Adani

The Chairman of Adani Group, Gautam Adani, said at a JP Morgan event shared that by 2030, Adani Group will be the world's largest renewable energy generator. By now, the company has already realized its position as the world's biggest solar power player. At the event, Adani shared that the group's renewable portfolio has reached its 25GW target in just two years against an estimated four years. At this pace, Adani Group will be the world's largest renewable energy generating company by 2030, paving the way for the group to be one of the largest producers of green hydrogen in the world. Adani has announced that more than 75% of the planned CAPEX will be green technologies by 2025. Over the next four years, the group aims to produce three times more than our current renewable power generat...

Sberbank of Russia is the New Rainforest of Digital Services

10Sep

By Linda AshokNo Comments

Business, Europe

Sberbank of Russia is the New Rainforest of Digital Services

Sberbank (MCX: SBER) is the largest credit institution in Russia and CIS, accounting for 26% of the aggregate Russian banking assets and 30% of banking capital. And yet, the Soviet Union's only savings bank worried about its global eminence as its customers were going digital with smart digital products. But now the story is halfway through, and you get to see how it undertook digital transformation and learn about its breakeven goals leading to omnipresent dominance. To hold back the tech industry from overpowering control, the giant lender to be an equal impact participant in the ecosystem considers following China in bringing together 40+ companies onto a super app. According to Lev Khasis of Sberbank, the move also ascertains national security helping Russia stay independent of wester...

Investment Round-Up August 15-31, 2021: Uptrust, Walnut, Cribl

1Sep

By Linda AshokNo Comments

Business

Investment Round-Up August 15-31, 2021: Uptrust, Walnut, Cribl

Investment Round-Up August 15-31: Acquisition Tel Aviv, Israel-based Check Point Software Technologies (NASDAQ: CHKP), provides and protects customers from cyberattacks. On August 30, 2021, the company acquired New York, United States-based Avanan, for an undisclosed amount. Avanan uses AI to protect cloud email and collaboration suites from cyber attacks. Avanan will integrate into the Check Point Infinity consolidated architecture to deliver the world's most secure email security offering. San Francisco, California, United States-based Zendesk (NYSE: ZEN) is a customer service platform that develops software to empower organization and customer relationships. On August 30, 2021, Zendesk acquired Cleverly.ai for an undisclosed amount. San Francisco, California, the United States-based- ...

Executive Coaching Startup, Bravely, Receives an Appraisal of Trust

25Aug

By Linda AshokNo Comments

Business

Executive Coaching Startup, Bravely, Receives an Appraisal of Trust

On August 24, 2021, New York, United States-based Bravely announced its latest funding led by Telescope Partners. Bravely is a platform that connects employees with professional coaches for confidential conversations about whatever they face at work. Bravely executive coaching startup offers on-demand professional coaching and development to employees via their employers. It acts as a conflict solutionist between employees and employers. Bravely executive coaching startup for professional training and development raised a Series A fund of $15M, which will help Bravely fund its expansion strategy. Besides Telescope Partners, prior investors including Primary Ventures, Bling Capital, Correlation Ventures, RiverPark Ventures, and Tuesday Fund joined the funding round. SemperVirens Venture Cap...

EU Tech Startups Steal the Seed Show at Y Combinator 2021

24Aug

By Linda AshokNo Comments

Business

EU Tech Startups Steal the Seed Show at Y Combinator 2021

Y Combinator's Spring-Summer 2021 accelerator turned out to be the largest gathering of EU tech startups. Due to the pandemic, the Y Combinator accelerator program went online last year. So, when the apprehension was a low footfall, it turned out bigger than before. A total of 73 EU tech startups comprised 17% of the total cohort setting the highest record in the history of a 15-year-long Y Combinator accelerator program. The Head of Admissions at Y Combinator, Stephanie Simon, remarks, "There's clearly a lot of talent in Europe and we're excited to support more European founders. Applications from the European founders have been steadily increasing every batch, with significant growth since YC has gone remote (we've been remote since Summer 2020)." In fact, in 2021, EU tech startups raise...

Investment Round-Up August 1-14, 2021: Crypto, IBS, SPAC

14Aug

By Linda AshokNo Comments

Business, Crypto & NFT

Investment Round-Up August 1-14, 2021: Crypto, IBS, SPAC

Investment Round-Up August 1-14: Acquisition Menlo Park, California, United States-based Robinhood (NASDAQ:HOOD) is a stock brokerage platform that helping customers buy and sell stocks, options, ETFs, and cryptocurrencies with zero commission. On Aug 10, 2021, the company acquired SAY for $5.6B. SAY is a technology platform that empowers shareholders to access their full ownership rights. Previously, Robinhood acquired Binc and MarketSnacks. Toronto, Ontario, Canada-based Varicent Software provides incentive and sales performance management solutions for finance, sales, human resources, and IT departments. On Aug 10, 2021, the company acquired Concert Finance for an undisclosed amount. Concert helps your company commission smarter through better administration, reporting, and plan desig...

Second-Half July 2021 Investment Brief: Bitcoin Mining, Flower Shop, IPOs

2Aug

By Linda AshokNo Comments

Business, Crypto & NFT

Second-Half July 2021 Investment Brief: Bitcoin Mining, Flower Shop, IPOs

July 2021 Investment Brief: Acquisition Boston, Massachusetts, United States-based Amwell (NYSE: AMWL) is a telehealth platform providing its patients with more affordable, higher quality health care. On Jul 28, 2021, the company acquired Conversa Health for $160M. Conversa Health is a virtual care platform that provides automated patient engagement and management. Previously, Amwell acquired SilverCloud Health, Aligned TeleHealth, and Avizia. New York, United States-based Taboola (NASDAQ: TBLA) is an AI-powered content discovery platform connecting people with content on the web that suits their interests. On Jul 23, 2021, the company acquired Connexity for $800M. Connexity is a digital advertising company that works with merchants to determine which product offerings to put on publis...

Global Trade Alert! No IPO for Chinese Companies in America

31Jul

By Linda AshokNo Comments

Business

Global Trade Alert! No IPO for Chinese Companies in America

American business authorities suspend IPO for Chinese companies in America, signaling another global trade tension between the two! There will be no Chinese companies in the U.S. stock exchange entering an IPO anytime soon, as per U.S regulatory authorities. As per Reuters, The U.S. Securities and Exchange Commission (USSEC) suspended processing applications from Chinese companies either for their U.S. initial public offerings (IPO) or other securities sales. The market situation seems terse with this new conflict in the row. The U.S. Securities and Exchange Commission (USSEC) is America's apex trade authority that has decided to craft new regulations for Chinese companies in the U.S. based on the recent financial experience of many American investors in Chinese companies. On July 30, 202...

Clean Fuel Energy for Elon Musk from Kenyan Biogas International

29Jul

By Linda AshokNo Comments

Business

Clean Fuel Energy for Elon Musk from Kenyan Biogas International

An innovative Kenyan biogas technology startup removes weeds from large water bodies to produce clean gas for fuel! Biogas International has already helped the families in the village of Kisumu in western Kenya with 50 "digesters," helping them switch from wood or charcoal to clean biogas processed from tanks of water hyacinths. Biogas International, the Kenyan biogas technology startup, realized the harmful effect of smoke on the lives of the people of Kisumu. According to a US state agency, "The biggest health threat from smoke is from fine particulate matter or PM2.5. These microscopic particles can get into one's eyes and respiratory system causing burning eyes, runny nose, and illnesses, such as bronchitis." Apart from being a health hazard, it is also a hazard to effectively managin...

Edtech in China Down to Death; How Clever is India?

26Jul

By Linda AshokNo Comments

Business

Edtech in China Down to Death; How Clever is India?

In the latest development, Edtech in China receives a big blow! Chinese authorities issue a new reform banning after school private tuition. The government has a nine-year free compulsory education system stretching from primary to junior middle school in China. While pursuing this compulsory education, students succumb to an overload of homework from private tuition in addition to schoolwork. To help students ease the stress, the General Office of the Communist Party of China Central Committee and the General Office of the State Council have outlined a solution guideline. The guideline explains strategies to reduce homework overload, improve the quality of classroom education, and after-class services provided by schools. In this effort, China has also pledged to adopt a strict approval a...