Noticias de dinero

Jollibee to invest $28M in US coffee, tea venture

HOMEGROWN fast-food giant Jollibee Foods Corp. (JFC) has boosted its coffee and tea business with a $28-million (about P1.6-billion) investment in US-based beverage technology firm Botrista Inc. JFC, through wholly owned unit Jollibee Worldwide Pte. Ltd., on Wednesday inked agreements to acquire a 10-percent stake in Botrista to support the latter’s global market expansion activities.

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optimo loan: EasyMyTrip founder’s new lending venture Optimo Loan secures $10 million in funding

Small business focused lending startup Optimo Loan has secured $10 million in its first equity fundraise from Blume and Omnivore along with additional infusion from Prashant Pitti, the founder. Pitti, the cofounder of publicly listed travel platform EasyMyTrip, had previously worked at financial institutions like Capital One and HSBC in the United States. Elevate Your

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Paramount selling stake in India TV venture

NEW YORK CITY: US film and television giant Paramount Global announced on Wednesday it would sell its stake in Indian media venture Viacom18 to another Indian entertainment firm, Reliance. The $517-million deal would transfer Paramount’s entire 13-percent stake to Reliance, according to filings with the US Securities and Exchange Commission (SEC).

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venture capital firms: VCs hire experts to help with exits as LPs look for returns

Amid a challenging funding landscape, venture capital (VC) firms across India have been recruiting executives for corporate development roles that include facilitating successful exits and redistributing capital to limited partners. Over the last two years, leading funds such as Lightspeed, Accel, and Matrix Partners India have sought out professionals with investment banking expertise. Elevate Your

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Zetwerk: Indigo cofounder Rakesh Gangwal invests $20 million in Zetwerk via Wheelhouse Venture Capital

Contract manufacturing startup Zetwerk has raised $20 million (about Rs 166 crore) in fresh investments from venture debt and private equity firm Wheelhouse Venture Capital. Rakesh Gangwal, the cofounder of Indigo Airlines, has made the investment through the venture firm, Zetwork said, confirming the development. Elevate Your Tech Prowess with High-Value Skill Courses Offering College

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Sam Altman: Spain blocks Sam Altman’s eyeball-scanning venture Worldcoin: report

Spain‘s data protection regulator has demanded that Sam Altman‘s cryptocurrency project Worldcoin immediately cease collecting personal information in the country and stop using data it has already gathered, the Financial Times reported on Wednesday. AEPD is set to announce the “precautionary measure” on Wednesday and has given Worldcoin 72 hours to demonstrate its compliance with

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