South African car subscription startup Planet42 has raised US$30 million in debt and equity funding to drive its international expansion, with its first cars already on the road in Mexico as it aims to provide a total of one million cars worldwide by 2025.
Kenyan startup Wowzi has raised a total of US$3.2 million across pre-seed and seed funding rounds to help it scale its influencer marketing platform across the continent.
Future Retail Ltd (FRL) is likely to approach various courts and tribunals including the Supreme Court, National Company Law Tribunal (NCLT) and the Singapore International Arbitration Centre (SIAC), bringing to their notice the latest order by the Competition Commission of India (CCI) that has put Amazon’s investment into a Future Group promoter company in limbo. The company is likely to ask the courts to ‘terminate’ all pending cases related to the sale of its retail assets to Reliance Retail, in the wake of the CCI order, two people familiar with the matter... Read More >
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.