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India Reliance Industries is in talks to buy online furniture retailer Urban Ladder in a transaction valued at as much as $30 million, the Times of India reported on Monday Aug. 17 .According to the Times of India, four sources confirmed the talks; one said they have been underway for months and are at an advanced stage, but are not yet complete. The paper said Reliance has been on a buying spree of late, and is also in talks to buy a company called Milkbasket that delivers to homes.Milkbasket, which describes itself as a micro-delivery service, recently raised $5
stanley cup nz .5 million to bring its total investor funding to $33 million.The latest possible moves would come as Reliance is seeking to expand its presence in digital services, including home delivery.The Financial Times reported early this year that Reliance was beginning to engage in new home delivery ventures. And in May, Reliance launched an online grocery service called Jiomart in India.Reliance is among the largest companies in India. The conglomerate has interests in energy, textiles and telecommunication.The company has been led by Mukesh Ambani since a 2005 quarrel among
stanley mugs its late founder family members.聽The Bloomberg Billionaires Index lists Ambani as the sixth-richest person in the world, with a net worth of $79.5 billion 鈥?just behind Warren Buffett and barely ahead of Tesla Founder Elon Musk.On Friday Aug. 15 , Reliance denied a report by a
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Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal聽 WSJ reported Friday Sept. 21 . Unnamed sources told the publication that DST Global is set to lead the firm next funding round, which could push its valuation to $1 billion.Brex, founded by two Brazilian entrepreneurs, emerged on the market as a FinTech issuing corporate cards to other startups. Since its debut, Brex has expanded its services to include expense management software linked to those cards.The company touts its ability to provide startups with higher credit limits, reports noted, and does not pla
stanley quencher ce liability of the cards onto its clients ; founders. Acknowledging the high failure rate of tech startups, Brex takes on that liability. Doing so allows the company to u
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stanley kubek on the startup existing finances, including bank account data and history of fundraising, instead of relying on the personal聽credit scores of a startups ; founder.The company closed its Series B funding earlier this year, which landed the firm an estimated $225 million valuation. At the time, Ribbit Capital and Y Combinator Continuity led the investment, while PayPal Co-founders Peter Thiel and Max Levchin also participated. DST Global Founder Yuri Milner has also previously invested in the company.Reports said some investors have pointed to Brex potential to expand into new customer segments beyond tech startups.Neither Brex or DST
