India’s Kale Logistics raises $30M in global expansion push
Kale Logistics Solutions, an Indian startup offering a vertical SaaS platform to assist logistics needs, has raised $30 million in a fresh funding round, as the 14-year-old startup eyes expansion in the U.S. and Europe. Bengaluru-based private equity fund Creaegis Advisors led the Series B round, which follows the startup
Read moreAll TTC riders to have network coverage in less than a month under ISED’s new license conditions
Innovation minister François-Philippe Champagne today announced new license conditions that mandates Rogers to immediately share access to its infrastructure and technical information with Bell, Telus and Freedom so that they can work together to provide wireless service to all Toronto Transit Commission (TTC) riders on the existing network by Oct.
Read moreInstacart’s IPO price range puts it close to decacorn status
The company could sell as much as $616 million worth of its stock in its IPO.
Read more5G FWA Device Shipments Soar: GSA Survey Reveals Explosive Growth
The GSA 4G/5G Fixed Wireless Access Forum today released the findings of its annual Fixed Wireless Access CPE market survey, revealing that 5G FWA CPE shipments more than doubled in 2022 to 7.4 million and are forecast to increase again to 13.8 million during the current year. This figure represents
Read moreKKR invests $250 million in Reliance Retail at $100 billion valuation
KKR is doubling down on its bet in Reliance Retail, valuing India’s largest retail chain at $100 billion in a fresh $250 million investment. The deal follows the Qatar Investment Authority investing $1 billion in Mukesh Ambani’s retail empire just last month. The New York-headquartered private equity firm KKR invested
Read moreInstacart, Klaviyo and the art of the unicorn haircut
Hello, and welcome back to Equity, the podcast about the business of startups. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week.
Read moreScala Biodesign makes it easy to re-engineer proteins one molecule at a time – or 50
There’s a gold rush on in biotech as AI and other tools are used to find new drugs and treatments. With $5.5 million in new funding, Scala Biodesign is focusing these methods on a related problem: making existing or promising drugs more practical by tweaking them one (or more) molecule
Read moreThe Energy Loom: Crafting Africa’s Green Transition with Precision
The call for a green revolution is no longer a distant echo; it’s the resounding demand of the present. Much like an artisan weaver poised before a complex loom, the world faces the task of crafting a grand tapestry of sustainability. Each thread must be carefully selected and interwoven into
Read moreHot Cup of Coffee? Nespresso South Africa Welcomes New CEO
Nespresso South Africa is delighted to announce the appointment of Mr. Gabriel Nobre as the new Chief Executive Officer (CEO). Mr. Nobre holds a Postgraduate Degree in Business Administration and an MBA in Digital Business. He has been a part of the Nestlé Group since 2005, where he has held
Read moreRedefining Connectivity: IoT Roaming to Surge to 600 Million Connections by 2028
A new study by Juniper Research, the foremost experts in roaming, has found that there will be over 600 million roaming IoT connections by 2028; rising from 145 million in 2023. This will necessitate the implementation of new roaming standards to detect, and monetise IoT roaming. To capitalise on this
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