Headless CMS platform Kontent secures new capital to grow its customer base

Kontent, a platform designed to help companies manage business-related content in the cloud, today announced that it raised $40 million from Expedition Growth Capital as part of a growth capital infusion. Newly appointed CEO Bart Omlo says that the proceeds from Kontent’s first external investment will be put toward expanding the company’s marketing and sales…

India says Oppo’s local unit evaded customs duty worth $550 million

India’s Directorate Of Revenue Intelligence, part of the country’s finance ministry, said on Wednesday phone-maker Oppo’s India unit evaded customs duty of $550 million, following similar probes into local units of other Chinese giants Xiaomi and Vivo that prompted Beijing to issue a warning earlier this month. The finance ministry said it has found evidence…