South Korea’s largest internet company Naver Corp has inked a deal to acquire Poshmark, Inc., a United States-listed social e-commerce marketplace for new and secondhand style, for approximately $1.2 billion.
Australian logistics company Shippit has acquired Singapore-based tech developer Luwjistik in a US$11.3 million deal. Following the acquisition, Shippit will double down on growth in Southeast Asia by leveraging Luwjistik’s tech, expertise, and local network.
Foodology, which a year ago had its Series A for US$15 million, just announced a new round of US $50 million. The company is one of the most important startups that operate dark kitchens in the region, and pop star Maluma is one of the investors. Foodology presents itself as a fast way for companies to develop and scale virtual restaurants under their own brands or third-party brands. According to the company’s figures, it already has more than 80 virtual kitchens operating in Colombia, Mexico, Brazil, and Peru, delivering more than... Read More >
CDP and marketing cloud vendor Zeta Global announced an agreement to purchase LiveIntent, which helps companies do email-based advertising. The deal will let Zeta expand its identity graph, enter the publisher monetization business, and accelerate its mobile and retail media products. Zeta will pay $77.5 million in cash and $172.5 million in common stock, with potential for additional payments based on performance.