Category: Business
Business
The Dutch digital maps and navigation firm would be returning over €750 million acquired from the deal to its shareholders. A portion of the proceeds from the sale would be reinvested into the company’s core digital maps selling business. TomTom N.V. (TomTom), a renowned Dutch …
Business
Singapore-based Fintech startup, InstaRem has raised over $20 million in a Series C round for global expansion. Reportedly, the round was led by Indonesian telecom operator Telkom’s VC arm MDI Ventures, Thailand’s banking group Kasikorn’s venture capital Beacon, as well as existing investors GSR Ventures Rocket Internet, …
Business
In a recent turn of events, furniture giant Ikea has reportedly unveiled its plans to slash 7,500 jobs worldwide driven by the objective to serve more online customers amid burgeoning online competition. The massive shake-up proves that the growing online commerce that’s affected numerous brick-and-mortar …
Business
Renowned American multinational retail company Walmart Inc. is reportedly all set to carry out a massive lay off operation at Jabong, an Indian lifestyle & fashion e-commerce company. The lay-off seems to have been planned in an effort to merge the firm with Myntra. Reports …
Business
GrabTaxi Holdings Pte. Ltd. (Grab), a Singapore-based ride sharing, ride-hailing & food delivery service provider, has reportedly announced that it would be incorporating a cross-border remittance feature inside its GrabPay mobile wallet. Report cite, the company intends to roll out this feature by early 2019. …