Food delivery startup DoorDash files for confidential IPO
The 13 billion USD food delivery startup DoorDash, which some say is currently the largest on-demand food delivery company in the US, has stated that it has applied for a confidential IPO, which will allow it to explore some of the benefits of a public listing without being subjected to strict scrutiny that accompanies a regular IPO.
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Intel confirms acquisition of Moovit in a $900 million deal
American multinational corporation and technology company Intel confirmed today that the company is acquiring an Israeli transportation and mobility startup Moovit in order to grow its automotive division. Moovit analyses urban traffic patterns and provides transportation recommendations with a specific focus on public transit. Intel is paying around $840 million for the startup
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Apple's iPhone sales got hit by the coronavirus
In Apple's case, the iPhone maker earlier expected to tally sales between $63 billion and $67 billion, even with early warning signs of the coronavirus showing disruption to manufacturing and supplies throughout China in December and January. Yahoo says analysts on average expect Apple to report profits of $2.28 per share from $54.7 billion in sales, a drop of more than 5% from the same time a year ago.
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A Blockchain startup that helps you identify the farmer who grew your coffee
Emurgo, a blockchain technology-based startup collaborated with Indonesian coffee chain Blue Korintji Coffee to help their paying customers identify the farmer who grew their coffee, the company that roasted the beans and even the logistics involved. The main purpose of this technology is to build trust through transparent supply chains. Customers just need to scan a barcode at the coffee shop to track the supply chain
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Nikkei
Korean grocery startup Kurly raises $150M
Korean grocery startup Kurly raises $150M
Kurly, a startup that operates a grocery delivery service in Korea, has secured $150 million in a new financing round months after reports claimed that the firm might be acquired soon. Sequoia Capital, Hillhouse Capital and Digital Sky Technologies invested in the Korean startup’s Series E financing round, which according to news outlet Korean Investors, valued the firm at around $780 million.
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