Procurement — the process of requesting, vetting and eventually buying IT and other supplies in an organization — is typically one of the more frustrating, dry, yet inevitable aspects of a workplace. When you are in need of a new app or device, or when you need to renew an existing contract for one in […]
How a medtech market opportunity is shaping up for wearable neurotech
When you think of brain stimulating medtech, startups building wearables as therapeutics probably aren’t the first thing that springs to mind. Such tech is still flying fairly under the radar — perhaps, in part, because these sorts of companies have raised a fraction of the investment that’s been ploughed into invasive technologies for targeting treatments […]
UK neobank Monzo hits $5.9B valuation with secondary market sale
Monzo is now valued at $ 5.9 billion after the U.K.-based challenger bank confirmed a secondary market share sale to provide liquidity for its employees. The transaction, first rumored yesterday, saw existing investors such as Singapore’s sovereign wealth fund (GIC) and StepStone Group procuring additional shares in the London-based fintech. A secondary market sale essentially […]
How stuck is the startup exit market? Pretty stuck, says Pitchbook
Deal analysis outfit Pitchbook today released a new report that underscores how fewer exits are impacting the startup investing ecosystem. Among its findings? Beyond what’s commonly known – that a lot of the fundings today are insider rounds and bridge financings aimed at keeping companies alive – cash back to the limited partners (LPs) who […]
Ola Electric stock tumbles as complaints ratch up, and market share erodes
Indian electric vehicle maker Ola Electric’s customers aren’t happy with its service and scooters, and it’s affecting the company’s stock and market share. The company’s shares fell by as much as 9.1% on Monday to ₹89.14, sending its market cap below $ 4.75 billion for the first time since its IPO in August. The company’s […]