Indonesia’s largest digital direct-to-consumer insurance company Lifepal has reportedly secured USD 9 million in a Series A funding round led by ProBatus Capital. The fresh funds will be used to enhance the consumer experience and inc....

Indian online tutoring firm Vedantu is in advanced discussions to raise USD 100 million, amassing a valuation of a billion dollars post-funding, instead of reported acquisition by Byju’s. Existing investors GGV Capital, Coatue Manage....

Walmart-owned Flipkart Group’s digital B2B marketplace, Flipkart Wholesale has recently revealed its plans to triple its geographical footprint in the Indian market. This expansion will involve the broadening of its presence across 2,....

Chinese multinational technology company Baidu Inc. has reportedly secured USD 1 billion in a two-installment, U.S. dollar social, and governance (ESG) bond. Sources close to the matter stated that the 5.5-year tranche bond raised USD 300 m....

Tesla Inc. is reportedly hiring personnel to work in its external relations and legal teams in China amidst increasing public scrutiny faced by the EV manufacturer over safety issues and customer service complaints. The U.S.-based electric....

U.S.  retailing giants Walmart and Target are anticipated to witness higher sales as parents shop for clothes and backpacks for children returning to school after the relaxation of COVID-19 restrictions. Industry evaluations anticipat....

EdTech startup SuperLearn has announced that it raised USD 300,000 in a pre-seed funding round led by Japanese venture capital company, Incubate Fund. The event also saw participation from angel investors Anuraag Gupta, Vishal Bharghav, Ka....

Hyatt Hotels Corp. is reportedly planning to acquire Apple Leisure Group for around USD 2.7 billion. The American multinational hospitality giant will purchase the resort company from its private equity owners KKR & Company and KSL Capi....

ITC, the hospitality to FMCG conglomerate, has reportedly planned to invest USD 2 billion in the medium term, to make growth vectors under its strategy ‘ITC Next’. The Managing Director and Chairman of ITC, Sanjiv Puri, suppose....

The new factory will have capacity to manufacture 200,00 electric vehicles every year. The project would create approximately 7,500 jobs by 2027. American electric vehicle automaker Rivian is in discussions of investing about USD 5 bil....