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7shifts secures $21.5 million Series B round to scale restaurant staff management platform (BETAKIT)
The Canadian tech ecosystem is thriving in Canada. COVID-19, or the “pandemic effect” has resulted in emerging tech companies in Canada eyeing the public market more than ever for growth. This has led to a tech IPO boom early in 2021, with likely more to come.
The Montreal-based company is less than two years removed from a nine-figure valuation.
Google’s advertising business also competes directly with Amazon’s, which indicates the joint integration with Shopify announced at Google I/O is further raising the stakes.
Tata buys majority stake in online grocer BigBasket (TIMES OF INDIA)
Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart’s Flipkart and Reliance Industries.
Former WeWork chief’s gargantuan exit package gets new sweetener (WALL STREET JOURNAL)
In addition, the final package gave him nearly $200 million in cash, let him refinance $432 million in debt on favorable terms and allowed an entity Mr. Neumann controls to sell $578 million in WeWork stock.
Microsoft Canada CSO Kevin Magee explains how startup leaders can prioritize security without impacting growth potential.
Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years.
The IPO that raised $3.2 billion was Hong Kong’s second-largest listing of the year and bright spot for the city’s bourse after several first-day flops.
The suit accuses the company of stifling competition through Marketplace pricing requirements.
The new funding, a Series F, values Forter at $3 billion — notable not least because the funding is coming only about six months since Forter’s previous round, a $125 million Series E that valued it at over $1.3 billion.
Amid acquisitions, organic growth, Lightspeed doubles Q4 revenue despite increase in net losses (BETAKIT)
According to Lightspeed, Q4 was a record quarter for Lightspeed Payments, and fiscal 2021 was a “transformative” year for the company between its acquisitions, new product offerings, NYSE listing, the recent launch of its supplier network, and Google tools integration.
China’s ‘Uber for trucks’ heads for billion-dollar-plus U.S. IPO (WALL STREET JOURNAL)
Full Truck Alliance is seeking a valuation of between $20 billion and $30 billion, according to people familiar with the situation.