About Author
Pankaj Singh
Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605
Contribution by Pankaj Singh
B2B marketplace Solv bags USD 40 Mn in SBI Holdings-led fundraising
Solv, a business-to-business marketplace, has reportedly raised USD 40 million in a Series A funding round that was led by SBI Holdings from Japan, along with added participation from SC ventures. The company’s total funds raised have now reached around USD 80 million to date. For the unver... Read More
Hyundai Motors accounted for 92% of EV sales in Indonesia last month
South Korean-based automaker Hyundai Motor Company has reportedly sold the most electric vehicles in Indonesia with 196 EVs including 195 units of the IONIQ 5 and one unit of the IONIQ Electric. It is worth mentioning that out of 200 EVs sold in Indonesia, 98% were from Hyundai. Besides, the comp... Read More
Moderna’s new bivalent booster stand strong against Omicron subvariants
As per reliable sources, Moderna Inc. announced that its modified COVID-19 vaccine induces a potent immune response against the Omicron subvariants BA.4 and BA.5 which have recently spread throughout the United States. Additionally, the biotech major expressed optimism that its bivalent vaccine, ... Read More
StashFin secures USD 270 million in fresh funding to expand its reach
Neo-banking startup StashFin has reportedly raised USD 200 million in debt by Fasanara Capital and Abstract Ventures, along with a USD 70 million equity capital led by San Francisco-based Uncorrelated Ventures. With the latest funding, the company is now valued at USD 800 million. The fundraising... Read More
British airline EasyJet to buy 56 aircraft from Airbus for USD 6.5 Bn
EasyJet plc is reportedly planning to buy about 56 Airbus SE’s A320neo air jets to honor its 2013 agreement with the European aircraft manufacturer, as well as upgrade its previous order to 18 new A321neo aircraft. According to the British airline, the proposed order, which is currently awa... Read More
U.S. might pause federal gas tax in China to counter soaring prices
As the U.S. grapples with skyrocketing gasoline costs and inflation, President Joe Biden's administration is reportedly planning to remove some tariffs on China and pause the federal gas tax. While focusing on Bejing’s strategic relations, the Biden administration is exploring all alter... Read More
B2B firm Groyyo bags USD 40 Mn from Tiger Global-backed funding round
Groyyo, a supply chain enablement, and B2B manufacturing firm has reportedly raised USD 40 million in a Series A round that was spearheaded by Tiger Global and early investor Alpha Wave Global, through a combination of equity and debt in less than a year of operation. This fundraising also saw pa... Read More
Lenovo buys USD 614 million worth shares in PCCW for IT services growth
Lenovo Group Limited is reportedly acquiring USD 614 million worth of shares in two digital units of PCCW Limited, a Hong-Kong telecoms company, hoping that post-COVID-19 recovery and hybrid work paradigm will boost the demand for IT services. The Chinese personal computers manufacturer cited tha... Read More
B2B start-up Infra.Market secures USD 50 Mn from Mars Unicorn Fund
Infra.Market, a B2B building material startup has reportedly raised USD 50 million from Mars Unicorn Fund of Liquidity Group to expand its presence across product categories while catering to untapped international markets, particularly in the chemical segment. The other investors include Evolven... Read More
Amylyx Pharmaceuticals bags first approval for ALS drug from Canada
Amylyx Pharmaceuticals recently announced that Canada has approved ‘Albrioza’, its treatment for neurodegenerative disease amyotrophic lateral sclerosis (ALS). This is considered to be the first certification for oral medicine given by Canada. The combination of orally active chemical... Read More