Lisbon’s Indico VC launches €25M Opportunity Fund for its scale-ups, taking it to a €141M total

Indico Capital Partners, the Lisbon, Portugal based VC, has launched a €25 million ‘Opportunity Fund’, with the help of previous LPs, to invest up to an additional €5 million in the most promising four or five companies from its first fund. Indico says this would double the maximum investment per startup from €5-10 million. Indico…

IFC launches $225M platform to back early-stage startups in Africa, Asia, Middle East

The International Finance Corporation (IFC) has today launched a $225 million platform to back early-stage startups in Africa, Middle East, Central Asia, and Pakistan. The IFC, a member of the World Bank, will through the platform make equity and “equity-like” investments in tech startups to “grow them into scalable ventures that can attract mainstream equity…

After mothballing Amazon Care, Amazon reenters tele-health with Amazon Clinic, a marketplace for third-party virtual consultants

The ink is not yet dry on Amazon’s $4 billion acquisition of OneMedical, but in the meantime, the online services giant is making one more move into telehealth, and into medical services overall, on its own steam. The company today is taking the wraps off of Amazon Clinic, which Amazon describes as a virtual health…

Shopee, the Amazon of Asia, has laid off around 7,000 employees in the last 6 months, after latest cuts: report

SOPA Images / Contributor / Getty Images Shopee laid off around 100 employees on Monday, adding up to around 7,000 jobs cut in the last six months, per Bloomberg. Affected roles include those in HR, recruitment, training, and employee relationship management. The company’s share prices have plummeted around 87% from its 2021 peak. Ecommerce giant…

Citadel boss Ken Griffin likens Fed rate hike policy to taking a course of antibiotics, says taking the foot off the brake now would be a ‘mistake’

Citadel founder and CEO Ken Griffin said the Fed needs to conquer inflation before changing course on its monetary policy. Ryan Muir/The New York Times/Getty Images The Fed needs to stay on the course with its monetary policy, Citadel founder and CEO Ken Griffin said. Griffin said the Fed should not veer from its path…