Launched in 2016, Desygner has a base of 32 million users worldwide. It is growing rapidly with a million new users a month and has also attracted major corporations, including Oracle, Microsoft, and Shutterstock. Now, the self-funded company is prepared to go after Melbourne-based and heavily funded Canva, which is estimated to be worth AU$39 billion (US$26.5 billion).
Gig workers, including Uber drivers and those who work for food delivery services would be granted rights to negotiate employment rights, including minimum base pay, hours, and insurance if a law introduced by Australia’s center-left Labor government goes into effect. This is an issue being considered by many countries, and in the EU, which is working on draft rules.
Venture capital firm 500 Global announced the successful close of $143 million across its largest Southeast Asian early-stage fund to date, 500 Southeast Asia III, L.P. (500 SEA III), and its growth investment vehicle for Southeast Asia. The new early-stage and growth vehicles demonstrate the team’s commitment to supporting founders in Southeast Asia from pre-seed to pre-IPO.
Microsoft has confirmed that Reddit has blocked its Bing search engine from crawling content; Reddit seems to have blocked DuckDuckGo too. Reddit content will still appear in Google search results, but then Google has paid Reddit $60 million to allow it to train its AI models on that content. Reddit says the block has nothing to do with the Google deal: okay.