The UK’s Divido is one of a number of startups and tech companies operating in the point of sale consumer finance sector. Its alternative payment option lets customers spread the cost of any purchase over a period of time while the retailer gets paid in full right away.
Digital hospitality platform Velocity announced this week that, following its $16 million Series A last year, the company raised $22.5 million led by DIG Investments. The company creates curated dining experiences for time-poor diners looking to expand their horizons. The money will be invested in expansion to 29 cities over the next three years, with a heavy focus on the U.S.
Deliveroo, a popular on-demand restaurant food delivery startup in Europe, has raised another $275 million in funding, a Series E investment that we have heard from sources values the company at around $1 billion. This latest round is led by new investor, Bridgepoint, previous investors DST Global and General Catalyst, and also had participation from existing investor Greenoaks Capital.
San Mateo, Calif., June 21, 2016 – Space‐Time Insight, Inc., the leading provider of situational intelligence solutions, today announced the acquisition of Industrial Internet of Things (IIoT) company GOFACTORY. With the acquisition of GOFACTORY, Space-Time Insight strengthens its leadership in real-time visual analytics with the addition of proven IIoT technologies and deep industry expertise. The acquisition will enable Space-Time Insight customers and partners to take advantage of the innovative, highly-scalable GOFACTORY cloud service to capture and analyze an unprecedented level of data from connected assets, systems and people in real-time. GOFACTORY was named to Gartner’s 2015 Cool Vendors List for Mobile and IoT Security.
The move comes just three years after India steel magnate Lakshmi Mittal invested £272m on setting up Hope by acquiring assets that Lafarge and Tarmac were required to sell for their merger to go ahead. The Mittal family will retain a £134m stake in the combined business.
Amit Bhatia may not be immediately recognisable to most. And to those who do know his face, that’s likely to be due to his involvement with Queens Park Rangers Football Club. His business credentials, however, often go unnoticed. Hanna Prevett explains why this is a gross oversight.
"The advent of social media has changed all of our lives. It is a logical extension of the growth of the internet over the last decade. The potential of both consumer social networking and, more recently, enterprise social networking is enormous." - Amit Bhatia
With the world emerging from recession, businesses are right to make restoring profits their priority. However, it would be short- sighted to do so at the expense of corporate social responsibility, writes Amit Bhatia, founder of Swordfish Investments
"If the global economy was a giant superhero, it had transformed from one with a single source of energy to one with several smaller and more efficient turbos that all contributed to its strength.” - Amit Bhati
Global Relief Initiative endeavours to promote human change on a global scale by supporting fellow charities be it financially or through the provision of services. Global Relief Initiative aims to support those living in impoverished areas as well as providing better life chances to those who are physically or mentally disadvantaged.