Daily Crunch: Japanese marketing tech firm Geniee acquires Zelto for $70M

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  • All streets lead to acquisition: Manish writes that soon after Japan’s Geniee obtained AdPushup-operator Zelto for $70 million. He referred to as the offer “a outstanding turnaround” for Zelto, a corporation that has stared down a couple of around-dying encounters, which include hard cash stream and product or service market match issues, in the course of its 10-12 months-old life.
  • Sweet (South) Carolina, bup, bup, bup: VW-backed Scout Motors has strategies to make a $2 billion manufacturing facility in South Carolina to generate its all-electric vehicles. Tim Stevens has additional.
  • Fined: Manish also writes about India’s central financial institution, which fined Amazon’s payments device in excess of $370,000, proclaiming the enterprise was noncompliant with certain know-your-consumer guidelines.

Startups and VC

Although most recognized automotive players connect with the pictures from sprawling, company palaces, Scout bases a lot of its functions — at minimum for now — out of a WeWork near Washington, D.C., Tim Stevens stories. Scout Motors’ base of functions will finally “anchor” close to the $2 billion manufacturing facility in South Carolina that was declared Friday, and the company designs to deliver rugged, retro cred to the EV era.

And we have 5 much more for you:

To correct the weather, these 10 traders are betting the household on the ocean

Ships assembling a floating offshore wind turbine

Image Credits: Liang Wendong/VCG (opens in a new window) / Getty Images

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Massive Tech Inc.

It was only a make any difference of time right before a further organization would try to mimic what Instacart has going for it. Nowadays that is Uber. Rebecca writes that Uber is coming for Instacart with some updates to its just one-calendar year-old Shop and Pay back function that lets shipping personnel opt in to acquiring journeys to do grocery or other retail procuring for clients prior to dropping off orders at the customer’s door. “Basically, it is Uber’s endeavor to comply with the Instacart model, which is operating properly for the incumbent grocery delivery corporation,” she studies.

Autonomous trucking firm Embark Trucks, which went community in 2021, is now laying off about 230 personnel as it explores liquidating its self-driving truck assets, Kirsten experiences.

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