Digest #8: Cowbell raises $100M
Hi. Read about Zomato and Blinkit merger, Meta’s prosecution, and other news.
Zomato and Blinkit merger
Food delivery company Zomato and instant delivery service Blinkit have reached a merger agreement. The value of the Blinkit deal is between $700 million and $750 million, the source said on condition of anonymity as it is a private matter.
Cowbell raises $100M
Cowbell Cyber, a full-cycle insurer that provides cyber insurance to small and medium-sized businesses, has raised $100 million that it will use to continue investing in data science and risk engineering, as well as technology underwriting, claims management and reinsurance. Cowbell Re business and expanding go-to-market channels.
Doctolib $6.4 billion valuation
French startup Doctolib has announced that it has raised a new round of funding. In this round, the company reached a valuation of 5.8 billion euros, or $6.4 billion at today’s exchange rate. This makes Doctolib the most valuable French startup.
Meta faces prosecution
Meta will face trial in South Africa after the country’s competition regulator, the Competition Commission, found it uncompetitive in its intention to block government startup GovChat and #LetsTalk from using its WhatsApp Business API.
Instagram has finally allowed Live creators to assign moderators during their broadcasts. Mods will have the ability to report comments, remove viewers from a stream, and disable comments for a specific viewer.
Ford is now using robots
Ford’s Advanced Manufacturing Center has developed an interface that allows machines from different suppliers to speak the same language and autonomously control parts of the production line.