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Indonesian cloud kitchen startup Legit Group raises $13.7m
MDI Ventures leads Series A round in growing online food delivery market Indonesian cloud kitchen startup Legit Group has raised $13.7 million in a Series A funding round led by MDI Ventures and participated in by Sinar Mas Digital Ventures (SMDV), East Ventures, and Winter Capital. Legit Group raised $3 […]
Sprinklr cuts 4% of global workforce amid the slowdown
Sprinklr, a customer experience firm, has laid off over 100 employees, roughly 4% of its global workforce, as it realigns its headcount in response to the ongoing economic slowdown. The layoff drive began last week, and the company is cutting its force in India, the United States, and other regions. […]
Home food delivery company Glovo was hit with another 38 million euros of fines in Spain.
The latest fines were for having 7,022 workers not registered with Social Security and also using 813 irregular workers – foreigners without work permits. Glovo, a home food delivery company, has been fined 38.1 million euros by the Labour and Social Security Inspectorate in Spain for misusing delivery riders registered […]
Grocery deliverer JOKR doubles down on Brazil as it secures $50M on a $1.3B valuation.
According to TechCrunch, instant grocery delivery company JOKR has raised approximately $50 million in a Series C investment on a $1.3 billion post-money valuation. The funding, which G Squared led with participation from GGV Capital, Tiger Global Management, and HV Capital, was buoyed by existing investors. JOKR has raised $480 […]