Delivery boom: Ant Group-backed Zomato eyes IPO valuation of nearly $8bn July 8, 2021 Ant Group-backed food delivery company Zomato has a near $8bn valuation on the cards in its initial public offering (IPO), with shares priced at 0.96 cents to $1.02 per share. Zomato, one of India’s most biggest startups, has reaped the rewards of a pandemic-induced surge in online ordering. The lofty $7.98bn figure is at the [...]
Logistics solutions market takes off as startup byrd lands €16m investment July 6, 2021 Online logistics platform byrd has raised €16m in a Series B funding round, amid the pandemic that has slipped up supply chains and stoked an online shopping frenzy. The rally was led by Santander-backed Mouro Capital, which has invested in companies sold on to PayPal and American Express. This latest round follows byrd’s €5m Series [...]
Sportswear start-up Prevayl scores £7.5m investment as market picks up pace June 7, 2021 Manchester sportswear start-up Prevayl has scored £7.5m in pre-revenue to stitch together its ‘intelligent sportswear’ collections as the UK sportswear market continues its strong pace. The investment has been made by consumer brand investment firm Stonebridgesignals good faith in the UK sportswear market which is expected to grow 20.9 per cent by 2023, reaching £6.7bn [...]
Electric scooter startup Bird to go public in £1.6bn SPAC deal May 12, 2021 Bird Rides announced a merger with Switchback II Corp, a blank-cheque company, to go public in a deal that values the electric scooter company at £1.6bn. SPACs are listed companies that use the proceeds from an IPO to buy a private firm and take it public. The scooter rental company said the deal will be [...]
Google launches $2m fund to help bridge funding gap for Black tech founders March 2, 2021 Google For Start Ups launches fund to tackle lack of black talent in tech
Alphabet-backed health insurance startup Oscar aims to raise more than $1bn in upcoming IPO February 22, 2021 Oscar Health Insurance is planning on raising more than $1 billion in its IPO.
Concrete changes can allow Britain’s digital firms to fly January 28, 2021 Britain’s technology entrepreneurs seem the last people who need any attention from Government right now. Valuations are soaring. IPOs are being lined up. Even as the pandemic constrains our daily lives, businesses that will deliver the jobs, growth and tax revenues of the future are thriving. But in the great global race to create and [...]
Startup Spotlight: The top 50 London tech firms to work for January 2, 2021 From insurtech to fitness and everything in between, recruitment platform Tempo has compiled a list of the best London-based startups to work for. Companies in its “Super Startups” list have been based on the company’s mission, employee reviews and career pages. To be considered for the list the startups must have been launched after 2014, [...]
Exclusive: Tech guru Harry Destecroix launches new disruptive investment vehicle December 11, 2020 Well-known tech scientist and entrepreneur Dr Harry Destecroix is bringing a new deep tech ecosystem to the market, which includes an investment fund and a network of partners to nurture science and engineering start-ups and spin-outs, as he puts it. In an exclusive interview with City A.M., the founder of Ziylo – which he sold for nearly [...]
Join EY in celebrating UK entrepreneurship December 9, 2020 | City Talk Tune in on Thursday 10 December to celebrate the UK’s entrepreneurial community. EY Entrepreneur Of The Year™ UK has been celebrating, supporting and connecting entrepreneurs since it first launched in the UK over 20 years ago. Entrepreneurs are a crucial part of the UK economy, and will be key to our economic recovery as we [...]