Business

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...

Space Tech Startups: For VCs, it’s More than a Jab on the Edge of Space

24Jul

By Linda AshokNo Comments

Business, Technology

Space Tech Startups: For VCs, it’s More than a Jab on the Edge of Space

Space tech startups lure global venture capitalists as Jeff Bezos and Richard Branson complete their edge of the space mission! Global space tech startups are now enjoying the new wave attracting more investments than ever. For venture capitalists, space tech startups are the next most lucrative sector after edtech. Collectively, the world didn't solve pressing climate challenges, but determined space tech as an urgent and timely goal before NASA issued a lockdown on space voyages suspecting extraterrestrial invasion. Space tech startup funding comprises venture funding for space travel, satellite manufacturing, aerospace technology, etc. This would mean that venture capitalists have a buffet of choices when space technology is a $200 billion market spanning startups manufacturing product...

4 Global Firms Withdraw IPO Filing from NASDAQ

20Jul

By Linda AshokNo Comments

Business

4 Global Firms Withdraw IPO Filing from NASDAQ

Based in Illkirch-Graffenstaden, France, Dynacure SA is a biotech company that develops therapies for neuromuscular diseases. The company declined from going public on July 17, 2021. The company had filed to raise $100 million by offering 6.3 million American depositary share ADSs (equity share of a non-U.S. company) at a price range of $15 to $17. CFO of Dynacure, David Garrett, filed a request with Sec.Gov to treat the withdrawal as confidential. Dynacure SA was founded in 2016, and since then, it has participated in funding raising in total $110 million. The last round took place in April 2020 for a total of $55 million. Company Name Shares Date Filed Offer Amount Date Withdrawn DYNACURE S.A. 6,250,000 6/25/2021 $122,187,500.00 7/19/2021 DoubleDown Interactive Co., Ltd. 5,500,00...

Zomato IPO, Paytm DRHP, Oyo, Ola, Debt Fund & More

18Jul

By Linda AshokNo Comments

Business

Zomato IPO, Paytm DRHP, Oyo, Ola, Debt Fund & More

While a solar storm wrapped up the earth, and cause massive power cuts in various parts of the world, Indian technology firms on the contrary settled for a watershed moment for the week closing now on July 18, 2021. From Zomato IPO launch to Paytm and Mobikwik filing their first draft to SEBI, followed by the new fund and co-founder for Swiggy, Ola Electric, Credit Fair, and Flipkart captured a great market share. Zomato IPO in Exceeding Bids Zomato's IPO launched between June 14-16 is India's largest cheer at the moment. It raised ₹2,751 crores compared to the issue size of 71.9 crore shares. With investments from 186 investors, Zomato raised an additional ₹4,197 crores on Tuesday, July 13. Zomato's public debut, as per media reports, got oversubscribed by 30-35 times than expected. Ne...

Micron Technology Got a Secret Money Making Recipe

15Jul

By Linda AshokNo Comments

Business

Micron Technology Got a Secret Money Making Recipe

Micron Technology (NASDAQ: MU) is a global memory and storage solutions provider influencing information into intelligence, thereby helping the world learn, communicate and advance better. An innovator in the DRAM business, Micron Technology drives breakthrough innovation with a vast portfolio of technologies with artificial intelligence and autonomous vehicles. Today, Micron Technology is earning millions from its cash deposits courtesy of its internal artificial intelligence framework. Micron Technology's robust artificial intelligence framework helps invest in funds generating higher returns in a low-interest-rate environment, which has troubled many finance experts across industries. But as the story unfolds, global treasurers have a clue to how Micron manages money. A little study re...

Indian Edtech Receives Philanthropic Boost from Malpani Ventures

12Jul

By Linda AshokNo Comments

Business

Indian Edtech Receives Philanthropic Boost from Malpani Ventures

According to Grand View Research, the global education technology market size was valued at USD 89.49 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 19.9% from 2021 to 2028. Talking of India, Indian edtech Byju's alone made a net profit of INR200 million in 2019 from a loss of INR280 million in 2018. Byju's success quantifies the global position of India in the edtech market, but what qualifies India's position in the education market are efforts in the fringe. Enters an Indian Angel Investor firm, Malpani Ventures, led by Dr. Aniruddha Malpani. Intelligent Edtech Investment Malpani Ventures is a sector-agnostic angel investment firm funding frugal innovation in India. "We want to partner with founding teams building great companies. We fund revenue-ma...

The Bull from Peru, AlphaBay, & the Dark Web Marketplace

11Jul

By Linda AshokNo Comments

Business, Cybersecurity

The Bull from Peru, AlphaBay, & the Dark Web Marketplace

The news is The U.S. Securities and Exchange Commission (SEC), and the U.S. Department of Justice (DOJ) have indicted 30-year-old Apostolos Trovias or The Bull from Peru for selling insider trading information on a dark web marketplace. Take a look at the allegation filed by the SEC if you are inclined. Use this PDF link to Sec.Gov detailing the whole story. On July 9, the Federal authorities alleged The Bull for securities fraud and money laundering that he actively engaged in since December 2016, when he registered a "Dark Web" internet site known as AlphaBay Market where he charged individuals $99.95 weekly or $299 monthly subscriptions to get access to inside information on stocks. The AlphaBay Marketplace In the list of infamous dark web marketplaces, AlphaBay "used to be" one ...