Mumbai-based end-to-end (E2E) logistics solutions provider, GoBolt has roped in $20 million in its Series B round, headed by Paragon Partners Growth Fund II along with its existing investor Aavishkaar Capital. The investment round included a significant subordinate component, as well as debt lines from private banks.
According to GoBolt, these funds will be used to expand its reach into new regions, develop new technologies, and push its sales activities. Meanwhile, Parag Aggarwal, Co-Founder and CEO, GoBolt, said that the company is looking to raise another $10 million as part of its extended Series B round and is in talks with other investors.
Snap Inc., the parent company of Snapchat, and Universal Music Group (UMG) one of the world's biggest music corporations, have reportedly announced a multi-year deal to add Universal’s music catalog to Snap’s Sounds.
According to reports, this deal will enable users of Snapchat to clip their favorite songs from UMG's vast catalog.
This news comes on the heels of Snapchat’s October launch of the Sounds function, which allows users to add music to their Snaps. Snap claims that over 521 million clips have been made using Sounds since then, with over 31 billion views.
Amber Group, a cryptocurrency financial services firm, has reportedly raised USD 100 million during a funding round and is now worth USD 1 billion. This funding round was led by China Renaissance and also saw participation from Tiger Global Management as well as Coinbase’s venture division.
For those unaware, Amber Group is known to provide cryptocurrency trading services to institutional investors or deep-pocketed individuals that include algorithmic trading and lending products. Apart from this, the company intends to provide a private banking experience to its customers.
According to the reports, trading volume on the crypt
The UK government has reportedly called on streaming giants comprising Amazon and Netflix for the disclosure of viewing data. The order is applicable for shows originated by UK-based public service broadcasters, comprising the ITV, BBC, Channel 5, and Channel 4.
According to sources close to the matter, ministers have agreed with a recommendation that was made by the DCMSC (Digital, Culture, Media, and Sports Committee) of the British Parliament. Back in March 2021, the committee had stated that streamers should share top-line viewing data for enabling complete analysis of PSB reach.
For the record, Amazon, Netflix, Apple, and other
Prominent enterprise AI software firm, C3 AI has reportedly entered a strategic partnership with renowned technology services provider, NCS. The collaboration is intended to provide enterprise AI solutions to clients across multiple industries, such as telecommunications, government, financial services, and transportation in Australia/New Zealand (ANZ) and Southeast Asia (SEA).
This novel agreement marks C3 AI’s maiden strategic partnership initiative with a telecommunications group. Apparently, NCS would leverage its extensive domain experience as well as technical expertise to serve governments and businesses across SEA and ANZ, whilst investing close to S$10 mil
Niantic, the renowned augmented reality gaming company behind Pokémon Go, has reportedly announced a new collaboration with Hasbro to develop a new augmented reality mobile game called ‘Transformer Heavy Metal’.
According to reports, the new game would be based on Niantic’s Lightship platform, which is the same engine that powers Pokémon Go and Harry Potter Wizards Unite. Along with Hasbro, Niantic is also partnering with TOMY and Very Very Spaceship to develop the game.
In line with Niantic's press release, the new game will see players joining the Guardian Network, which would be a group of indi
Swiss investment banking leader, UBS, has reportedly scaled up its newly launched hybrid digital wealth management platform dubbed MyWay, in an effort to reach potential customers that fall outside of the its core ultra-rich client-base.
The largest wealth manager in the world is attempting to enhance its digital services through this move and expand its client base. Notably, the platform has now been opened to people with upwards of 250,000 Swiss francs ($278,000) in their bank.
The company’s new platform has supposedly attracted over $3.7 billion within its first year itself, which expedited UBS chief executive, Ralph Hamers
Leading video game publisher, Rockstar Games, and CircoLoco, a dance music promoter, have reportedly entered into a partnership agreement to launch a new record label dubbed “CircoLoco Records”.
Rockstar Games has been credited with some of the most popular video games worldwide, including the GTA (Grand Theft Auto) and Red Dead Redemption series.
Notably, this announcement arrives as the latest move in the videogame developer’s history of supporting artists and DJs through its collection of games.
Reports claim that the GTA series had showcased curated radio stations with hos