Business

Breaking: Binance Expands Business in Singapore Amid Exit Speculations

As speculations about the world’s largest exchange, Binance’s exit from its former hub, Singapore took over social media, the latest update cancelled out all rumours, and determined Binance’s expansion plans. Binance CEO, Changpeng Zhao took to Twitter today, declaring that the crypto exchange has acquired 18 per cent of Singapore-regulated private securities exchange, Hg Exchange …

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Spinny is the latest used car platform to join Cars24, Droom and CarDekho in unicorn club

Used car retailing platform Spinny on Tuesday announced the closure of a $283 million funding from new and existing investors, taking its valuation to $1.8 billion and becoming another unicorn in 2021. The company said the raised capital would be utilised to bolster the customer experience, strengthen technology and product capabilities and build teams across functions. The …

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Mukesh Ambani calls for 5G roll out in India, asks it to be national priority

India must complete the migration from 2G to 4G to 5G at the earliest and the roll out of 5G should be India’s national priority, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL), said here on Wednesday. Delivering the virtual keynote address at the Indian Mobile Congress (IMC), Ambani said that to keep millions of Indians at the …

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Although Shriram Properties has solid future prospects, Omicron may mess things in the near term

Shriram Properties’ IPO opened subscription for investors on Wednesday and will close on December 10. The company is looking to raise ₹600 crore through the public listing, out of which ₹250 crore is fresh issue and ₹350 crore is an offer for sale by promoters. Shares of the company are demanding a premium of ₹20 …

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French Fintech Lydia Attains Unicorn Status With $100M Series C Funding: Report

The funding round includes new investors Dragoneers and Echo Street along with existing backers Tencent, Accel and Founders Future. French fintech Lydia has raised $100 million in Series C funding, attaining unicorn status with a valuation of over $1 billion. The funding round includes new investors Dragoneers and Echo Street along with existing backers Tencent, …

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Silvergate Bank Looks to Raise $461M in Public Stock Offering

The bank has filed to sell 3.31 million shares. Silvergate Bank is looking to raise around $461 million through sale of 3.31 million shares of common stock. The crypto-focused bank estimates that net proceeds will be around $532 million if underwriters exercise their option to purchase additional shares in full, according to a filing Wednesday. The …

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