Vinted Raises $141M and Becomes the Second Baltic Unicorn
In recent news, Vinted, a startup from Lithuania that allows people to sell and buy second-hand clothes, has raised $141 million.
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The primary goal of every business is to make a profit. Making profit involves various economic and commercial activities such as operations, investments, financing, etc.
For the most part, a business starts with a business idea (the thought) and a name. Subject to the idea of the business, broad statistical surveying might be important to decide if transforming the thought into a business is plausible, and if the business can convey an incentive to customers. The business name can be one of the most significant resources of a firm; cautious thought should, in this manner, be given while picking a business name. Organizations working under invented names are usually enlisted with the regulatory bodies. The ownership of a business can either be in a sole proprietorship or a form of partnership among shareholders, although most of the top firms in the world today are jointly owned.
Most organizations are usually based on the structure of a strategy for continuous growth and expansion, which is a conventional record itemizing a business’ objectives and targets, and its systems of how it will accomplish the objectives and destinations. Marketable strategies are practically fundamental when getting capital to start business activities.
It is equally essential to decide on the legal framework of a business. Based on the nature of a business, there might be need to obtain suitable grants, stick to staffing prerequisites, and get licenses to lawfully work. In numerous nations, business firms are viewed as a juridical entity, this implies that they can possess property, procure debt, and be charged in the court of law.
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In recent news, Vinted, a startup from Lithuania that allows people to sell and buy second-hand clothes, has raised $141 million.
Revolut has introduced the direct debit feature for its UK users in addition to EUR direct debits that were introduced last year.
Twitter clarified its inactive account removal policy. Now there will be some certain parameters for it. Twitter stock price is slightly growing.
Silver Lake is buying a $500 million stake in the owner of Manchester City, at a valuation of $4.8 billion, which makes the English team one of the world’s most valuable clubs.
Tesla CEO Elon Musk says the forthcoming Cybertruck performs better than a Ford F-150. Though these companies’ games may seem absurd they make good for marketing.
Reports stated that Omni offered its storage services at an extremely low and unsustainable price and thus became a victim of “venture capital-subsidized business”.
UAE-based Emirex views its mission in extending the benefits of tokenization to traditional industries. And it has chosen commodities to begin with.
Today, there are no significant changes in the traditional stock market and traders are struggling to hold yesterday’s prices.
The leader of the UK Labour party has slammed Jeff Bezos for his recent philanthropic donation. He believes that the donation is next to nothing compared to taxes he really is supposed to pay.
The cooperation of Booking.com and Travala.com will help in the promotion of blockchain and crypto services among travel enthusiasts in 230 countries and 90,000 global destinations.
MiddleGame Ventures has announced a new fund for early-stage lead investments in startups from Europe and North America.
Alibaba’s Hong Kong listing surpassed other large stock sales this year, ranking ahead of Uber’s $8.1 billion IPO. Shares of the e-commerce firm closed up at $23.97 on their first day.
Ualá, an Argentine personal finance management app, has managed to raise $150 million in a funding round led by Tencent and SoftBank’s Latin America-focused Innovation Fund.
Ripple Labs has just completed a $50 million investment in MoneyGram. Their collaboration dates back to 2018 when MoneyGram decided to test the use of XRP to reduce the costs of its money transfers.
Researchers have discovered an unsecured server containing 4 terabytes of personal data, including Facebook, Twitter, LinkedIn accounts, exposed and easily accessible online.