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Singapore-Based Interior Design Unicorn Livspace Sets Aside $100m For Strategic Acquisition
Interior design unicorn Livspace has announced that it will set aside $100m for its expansion plans in India, Singapore, Malaysia, and the Middle East. According to the company’s announcement, the funds will go towards incubating and investing in brands and content destinations across markets in the home decor, interior, renovation, and ancillary segments. Anuj Srivatsava, […]
Line Man Wongnai Becomes Thailand’s Latest Unicorn After Securing $265 Million In Funding
In Line Man Wongnai’s latest funding round, Line Man Wongnai announced that they raised $265 million in a Series B funding round which values the company at over $1 billion, securing the company’s position as Thailand’s latest unicorn. The latest funding round was anchored by Singapore’s sovereign wealth fund GIC and Japan-based Line Corporation. The […]
TikTok’s Failure To Protect Children’s Privacy Lands In £27 Million Fine In The UK
TikTok, a Chinese short video platform, is quite popular among young users, which has led to a slew of privacy-related issues. The UK’s Information Commissioner’s Office (ICO) found the video-sharing platform may have processed the data of under-13s without appropriate consent. This breach of privacy is said to have happened over more than two years, […]
$75 Million Raised in Series C Funding Round by Insurtech Startup Zopper
Insurtech platform Zopper, which is run by Solvy Tech Solutions, has raised $75 million from investors to fund its expansion plan. The funding round was led by Creaegis, which saw the participation from ICICI Venture and Bessemer Venture Partners, and existing backer Blume Ventures, according to the New Delhi-based company. The company’s cofounder Surjendu Kuila […]
Singaporean Multinational E-Commerce Company Shuts Down Operations In Four Latin Countries
According to multiple sources, Shopee has shut down local operations in four Latin countries, mainly Chile, Colombia, and Mexico, while leaving Argentina entirely. The Singapore-based company will maintain cross-border operations in the first three markets but cut most of its teams in the countries, affecting dozens of employees. However, this will not affect Brazil, where […]