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Archive for the ‘Reference and Education Articles’ Category

Momo, Vietnam’s top payment app, lands big Series C investment led by Warburg Pincus

Fintech in Southeast Asia continues to pique the attention of global investors. Alibaba, Tencent and others have jumped into the region and deployed hundreds of millions of dollars, and now Warburg Pincus is joining them. The U.S-headquartered PE firm has led a Series C investment in Vietnam’s Momo, which claims to be the company’s largest mobile ...

Tesla to cut workforce by 7% and focus on Model 3 production

Tesla is cutting 7% of its full-time workforce. The company disclosed the headcount reduction in an update emailed to all employees and also posted to its website. In the email, CEO Elon Musk says the focus must be on delivering “at least the mid-range Model 3 variant in all markets”. He also warns those employees not set ...

Indonesian e-commerce unicorn Bukalapak raises $50M

The chances are you may be familiar with Tokopedia, especially after it commanded a $7 billion valuation last November when it raised $1.1 billion from investors like Alibaba and SoftBank’s Vision Fund, but fewer people outside of Indonesia are aware of another sizable local online retail unicorn: Bukalapak. Smaller than Tokopedia in size, the company is ...

SimplyCook dishes up £4.5M Series A for its subscription-based flavourings and recipe service

SimplyCook, the recipe kit service that focuses on flavour ingredients, has closed £4.5 million in Series A funding. The round is led by Octopus Investments. Unlike other recipe or meal kits, such as HelloFresh, Gousto and Marley Spoon, U.K.-based SimplyCook doesn’t send all of the fresh ingredients required to turn its recipes into food on ...