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Chinese ride-sharing giant Didi files to go public, earned a small profit last quarter on $6.4 billion in revenue (CNBC)
In its filing, the company listed a net income of $837 million before certain payouts to shareholders.
Q4 first filed to go public in May, looking to trade on the Toronto Stock Exchange under the symbol ‘QFOR.’
Amazon to add 1,800 Canadian tech, corporate jobs this year as part of broader hiring plans (BETAKIT)
The news comes around eight months after Amazon first said it planned to add 3,500 new corporate and tech jobs in Toronto and Vancouver.
Using its most recent quarter, the company projects an annualized revenue run rate of $236 million for this year, on growth of 85% – and they’re looking at winning the future of work.
Kepler has already reached new milestones this year, launching eight satellites in January, and a further two in March.
The startup raised $6.4 million CAD in funding last June to give itself some runway during COVID-19.
The pandemic, which prompted New Delhi to enforce a months-long nationwide lockdown and close schools, accelerated its growth, and those of several other online learning startups including Unacademy and Vedantu.
“With Fund IV, we were excited to not only double the size of assets under management, but to double the size of our limited partnership investor base,” said Mike List, one of GreenSky’s managing partners.
Seattle cybersecurity startup ExtraHop to be acquired by private equity firms in $900M deal (GEEKWIRE)
It’s one of the largest acquisitions of a Seattle-area tech startup to date, and comes amid heightened cybersecurity concerns across industries.
In an interview for the #CIBCInnovationEconomy podcast series, Carter Griffin, General Partner at Updata Partners, shared the metrics he really cares about as an investor.
The hires come less than a month after BetaKit first reported MasterClass’s plans to open a new engineering hub in Kitchener-Waterloo, as the United States (US) startup looks to tap into the Waterloo Region’s engineering, product, design and data talent pool.
A bipartisan group of House members introduced five bills targeting Amazon, Apple, Facebook and Google. The news comes as Google settles a French antitrust case over advertising practices.
Earlier this year, Pinterest revealed plans to hire an additional 50 team members in Toronto across engineering, sales, insights, and marketing roles.