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Travis Kalanick has sold $882 million of Uber since lockup expired

His latest business is CloudKitchens, which bets on so-called dark kitchens becoming a backbone of the rapidly expanding food-delivery market. The startup got $400 million of funding from Saudi Arabia’s Public Investment Fund in January, valuing it at $5 billion.

TikTok is aiming at a bigger audience than U.S. Senators

For TikTok to be a true success, it needs to appeal to the likes of Nike, Coca-Cola and McDonald’s. Its advertising business is ready to take off because it has direct access to that all-powerful youth demographic.

HNEs put Rs 5 crore in Onelife

Onelife is expected to use the funds to expand to newer cities, and for marketing and team building.

Furtado raises Rs 20 crore from IAN, others

The school will use the capital to expand across major cities and enhance its offering.

ANE raises funds from Matrix Partners and angels

ANE is a premium brand that lists every ingredient it uses in the product in bold font on the front of the package to emphasize quality and induce trust and transparency in customers.

Perfios raises $50 million from Warburg Pincus, Bessemer

The mix of primary and secondary capital has given an exit to some of its angel investors.

Flipkart puts $4 million in EasyRewardz

The investment, as per EasyRewardz executives, is part of an ongoing funding round that could also see the startup raise capital from others.

Non-financial firms chase digital verification startups

These companies are using the services of startups such as IDfy, VerifyDigital, inVOID and Yoti to identify employees, run checks on gig economy workers and providers of shared services like bike rentals, car rentals, and for dating and marriage services.

First close for Fireside’s $100 million fund

In its first fund, which closed at about $50 million, Fireside Ventures took ownership of about 10% on average with a half-million-dollar cheque size, while the second fund will put in more money for a larger chunk of the firm, said founder Kanwaljit Singh.

Zomato denies merger talks with rival Swiggy

Zomato is currently delivering 1.3 mn orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Swiggy has expanded its services to 500 cities in India, matching rival Zomato's reach. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019.

NetApp India Global Centre of Excellence gets new MD

NetApp India Global Centre of Excellence gets new MD

Chhabria has nearly three decades work experience, and earlier worked at Sun Microsystems and Silicon Graphics, among other firms in the areas of product engineering, product management and general management.

WeWork says job cuts to begin ‘in earnest’ this week in U.S.

WeWork says job cuts to begin ‘in earnest’ this week in U.S.

After the company’s valuation plummeted from $47 billion to about $8 billion, WeWork is seeking to cut costs and show a path to profitability in order to potentially attempt an IPO again next year. That path includes selling assets and cutting jobs.

Swiss firm, Sequoia back sauce maker

Swiss firm, Sequoia back sauce maker

Wingreens now plans to expand its distribution network in the next year and invest in its back-end and front-end infrastructure.

Myntra to focus on luxe brands, track your fitness

Myntra to focus on luxe brands, track your fitness

Myntra will be rolling out new initiatives such as stylists on call, an embedded fitness tracker Myntra Move and hyperlocal services through its acquisition, Pretr.

A law in the making to guard ecommerce consumers

A law in the making to guard ecommerce consumers

The ministry of consumer affairs is looking to add a section detailing penalties for ecomm firms.

Twitter boards Paytm’s app

Twitter boards Paytm’s app

As part of efforts to convert itself into a super app, Paytm is adding content — news, astrology to trending content on Twitter — into the Paytm Inbox, Siddharth Pandey, VP of Paytm, said.

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