Fashion group Ermenegildo Zegna to go public with USD 3.2 Bn valuation

Italian fashion house Ermenegildo Zegna has reportedly revealed plans to go public by working with a New York-based special purpose acquisition company (SPAC). The agreement values Zegna at USD 3.2 billion and will see it raising USD 880 mi....

Kamereo bags USD 4.6 million in CPF Group-led Series A funding round

Vietnam-based food technology startup Kamereo has reportedly secured USD 4.6 million in a Series A funding round led by Genesia Ventures Inc., Quest Ventures, and CPF Group. The fresh funds to hire new employees, upgrade user interface, and....

Prenetics in plans for $1.3 bn SPAC merger with Artisan Acquisition

Prenetics, a Hong Kong-based biotech firm, is gearing up towards merging with Artisan Acquisition, a SPAC (special purpose acquisition company) in a deal that would value the novel entity at more than $1.3 billion. The transaction is antici....

Innovation Zed, SocialDiabetes to improve health outcome for diabetics

Innovation Zed Limited, an Irish health solutions provider, has reportedly inked a global partnership agreement with SocialDiabetes S.L., a Barcelona-based company that specializes in digital management of diabetes. This agreement will all....

General Motors to invest USD 71 Mn on new design campus in California

American multinational vehicle corporation, General Motors Company (GM) is reportedly planning to invest over USD 71 million to shift its southern California design campus to a new site in Pasadena that is expected to be completed by the en....

MPOWER Financing raises USD 100 Mn to better support overseas education

MPOWER Financing has reportedly secured USD 100 million in equity investments to reinforce its position as a top education loan provider for students aspiring to study overseas. The company had earlier raised USD 30 million this year from ....

Video commerce platform Trell bags USD 45 million in Series B funding

Over 18 million content creators have made videos for Trell. The social media platform recorded 50 million active users last month. Bengaluru-based lifestyle and social media platform, Trell, has reportedly secured more than USD 45 mil....

Microsoft to acquire RiskIQ amidst rising cyberattacks worldwide

American multinational firm Microsoft Corporation has reportedly agreed to acquire cybersecurity firm RiskIQ, to expand its product portfolio and provide better protection to the customers amid increasing cyberattacks across the globe. Sou....

Microsoft to spend around USD 200 million on employee bonuses

Tech giant Microsoft has reportedly announced its intention to give out bonuses of USD 1,500 to its employees, more than a year after COVID-19’s impact. The bonus is part of an effort by tech companies to maintain employee happiness ....

Digital Twins and Their Impact: Part IV – Smart Cities

Last week, we saw how the concept of digital twins can bring about a pathbreaking change in the design, production, and testing of automobiles. Moving further, let’s delve deeper into how this phenomenon is transforming the dynamics o....