Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets Tage Kene-Okafor

Victory Farms, an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. The investment was led by Ed Brakeman, a senior managing director at Bain Capital and Hans den Bieman, founder and ex-CEO of Mowi, one of the largest salmon businesses globally. It …

ChargeLab’s software layer to power ABB’s EV chargers in North America Rebecca Bellan

ChargeLab, a Toronto-based startup that builds software to operate and optimize electric vehicle charging equipment for fleets and commercial customers, has raised a $15 million Series A round. The round was led by King River Capital and notably includes participation from strategic investor ABB E-Mobility, a spinoff of technology company ABB that focuses on electric …

Location Intelligence Startup GeoIQ Secures Investment From Lenskart, Others Jaspreet Kaur

Location intelligence startup GeoIQ has raised $2.25 Mn in an equity funding round from Lenskart and other existing investors–9Unicorns and Ecosystem Ventures. The fresh capital will be used for expanding its footprint across the globe, strengthening tech infrastructure and widening data team.  The latest development comes years after GeoIQ last secured investment in November 2020. …

India’s Cars24 cuts 600 jobs Manish Singh

Cars24, a marketplace for used cars, has laid off about 600 people just five months after closing a $400 million financing round, the latest Indian unicorn to cut its workforce as it attempts to steer through the gloomy market conditions. The Cars24 layoff, which represents about 6% of the startup’s workforce, affects staff across multiple …

Corporates supporting digital innovation: the experience of Estrella Galicia (Sponsored) Patricia Allen

Estrella Galicia is one of Spain’s most iconic companies and a global leader in the beverage industry, bringing its beloved brew to beer lovers around the world. The company also has different beverage brands, such as Cabreiroá, Agua de Cuevas and Fontarel. Estrella Galicia’s brands are available in more than 30 countries (from Brazil to… …

Global Crypto Exchange Binance In Search Of ‘Ideal Point’ For India Launch Gargi Sarkar

Cryptocurrency exchange Binance is seeking an ‘ideal point’ for its India launch. The global exchange is also monitoring the changes in the Indian regulatory environment. Further, Binance is in talks with different stakeholders to understand the approach strategy for the South Asia market in a compliant manner, Coindesk reported.  The exchange has reportedly shown hiring …

SoftBank-backed Cars24 lays off 600 employees Aroon Deep

Joining the likes of several growth and late stage startups, used car platform Cars24 has laid off 600 employees. A little under a fifteenth of its staff has been let go of in these layoffs. A Cars24 spokesperson confirmed the exits in a brief statement: “This is business as usual — performance linked exits that …