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Founded in 2015, Fabric develops micro-fulfillment centers as a logistics solution to combat the challenge of slow and expensive manual fulfillment centers.

In addition to launching its fintech offerings, Dastgyr plans to use the investment to enhance its technology and scale operations.

Food delivery platforms like Meituan and Ele.me now need to pay their food delivery workers higher wages.

The online consumables market, which is currently worth USD 3.8 billion, is expected to reach over USD 30 billion by 2025.

The deal values the company at USD 2.88 billion and is part of the Series F round it kicked off in April when it raised USD 502 million from Tiger Global, Snap, and Twitter.

With 18.2 million subscribers, Telenor’s sale of its Myanmar business leaves some users worried about the transfer of their data to a new telco.

The company can simulate the interaction between different materials in real-time, enhancing the collaborative design process.

Singbada expects more clothing companies to follow Shein’s example and demand flexible supply chains.