A photo of Zipline’s warehouse
Zipline warehouse

American drone delivery startup company, Zipline Inc, made $250 million from its funding round that involved Fidelity investments, Temasek, and Baillie Gifford.

Zipline stated the demand for its services had surged in countries within Africa and states within the U.S because of its medical supplies delivery to local hospitals.

The COVID-19 pandemic and lockdown prevented the operation of regular delivery, forcing healthcare providers to tilt towards Zipline’s services.

Zipline is currently based in San Francisco, US, but is working towards building warehouses in Nigeria, Africa, and inroads within other states in the U.S.

Zipline currently has a fleet of drones that make deliveries to over 2,500 locations. The company’s goal is to make deliveries to 6,000 locations by the end of 2021.

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A photo of Turntide’s logo
Turntide’s logo

American electric vehicle company, Turntide Technologies, garnered $225 million from its funding round. Some of the investors who were a part of the funding round include Breakthrough Energy Ventures, Jones Lang LaSalle Inc, and others.

Turntide Technologies channeled the funds that were derived from the funding round into the purchase…

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The Co-Founder of Jiji.ng, Vladimir Mnogoletniy, announced that the company has acquired well known Nigerian automobile trading platform, Cars45.

He revealed that the reason behind Jiji’s purchase of Cars45 is to expand further into the automobile trading industry.

Jiji is also said to be leveraging on Car45’s goodwill to gain…

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A photo of the CEO of Facebook, Mark Zuckerberg
CEO of Facebook, Mark Zuckerberg

American social media company, Facebook, hit the $1 trillion market capitalization. This makes Facebook the fifth American company to do this. This was due to the company’s shares trading at $355.64 and recording a 61.2% in profit increment.

Mark Zuckerberg’s net worth has increased to $132 billion following this new…

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A photo of Kakao’s app on a mobile phone
Kakao’s app on a mobile phone

Kakao Bank is a South Korean money lending company that was founded in 2016 as a subsidiary of Kakao Talk, South Korea’s largest mobile messenger service which had over 46 million users at the time.

Kakao Bank has decided to sell 65.45 million shares at 33,000 to 39,000 won per…

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