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Sebi’s promoter tag push stumps startups, may disrupt IPO plans

CFO News

Portea Medical’s founders hold an 18.07% stake in the company. So far, only founders with at least 25% stake were classified as promoters under the Sebi regulations.

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A Day in the Life: Zen Soh from Robert Walters Singapore

Future CFO

Sometimes, it is to look beyond the price tag or CV and to look at the talent’s potential. Meeting with CFOs and finance professionals from various industries and functions allows me to gain insights into logistics, FMCG, manufacturing, pharma, tech startups, and more.

Finance 52
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Uber's Kalanick Pours $130M Into Ghost Kitchen Properties

PYMNTS

In making his new ghost kitchens startup CloudKitchens , ex- Uber Co-founder Travis Kalanick has become something of a real estate mogul, buying up 40 properties in two dozen cities, according to The Wall Street Journal. The concept behind CloudKitchens involves renting out space to businesses to prepare food for delivery.

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Visa On Bringing More Female Founders Into The Reinvention Of Retail

PYMNTS

However, at the end of the day, Visa chose Eon , a sustainability-focused startup run by Founder and CEO Natasha Franck, with an idea for making the products that consumers purchase trackable — not only to the point of sale, but beyond. All the entries were, by Reilly’s account, “impressive,” and the scores were incredibly close.

Retail 76
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WeWork To Sell Iconic NYC Building To Amazon

PYMNTS

Amazon ’s New York expansion plans will now include the former Lord & Taylor building in downtown Manhattan, as the eCommerce company announced that it will purchase the storied building from office sharing startup WeWork , according to the New York Post.

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Cashplus Launches Payment Tracking For Its SMB Cards

PYMNTS

The tool also categorizes payments so people can track business spending and tag payments to a specific job or client. entrepreneurs, startups and independents using Cashplus will be freed up from tedious admin, leaving them more time to get on with the things they do best,” said Cashplus Chief Executive Officer (CEO) Rich Wagner. .

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Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead

PYMNTS

In today’s top news, FinTech startup Tink raised €85 million to bring its valuation to €680 million, and Starbucks plans to shift more toward drive-thru and online ordering. New Funding Values Swedish FinTech Startup Tink at $824 Million. Plus, Airbnb shares soared in its first day of trading.