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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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SmartTag Startup Jiobit Sees $3M Seed Round

PYMNTS

Jiobit, a technology startup based out of Chicago, makes something that seems like every parent, from those expecting to empty nesters, will want or wish they’d had. The startup has developed a location-tracking smart tag and accompanying mobile app that sends alerts to parents when their child has gone outside a preset range.

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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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AI Startup Mad Street Den Closes Series A Round Of Funding

PYMNTS

Artificial intelligence may still seem futuristic to many, but a startup trying to bring artificial intelligence into our daily lives has piqued the interest of investors, reportedly raising $5 million in a Series A round of venture funding. It comes nearly a year-and-a-half after the startup, Mad Street Den , closed a $1.5

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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.