McLaren Racing signed an agreement with the startup Brazilian company Mombak to buy carbon removal credits from reforestation projects in the Amazon jungleas part of its bid to achieve net-zero emissions by 2040, the companies said Thursday. McLaren competes in Formula One and the IndyCar Series, and generates emissions from – in addition to motorsport […]
Tag: startup
Mexican unicorn Stori buys financial firm and obtains new license
The Mexican fintech stories announced on Thursday the acquisition of MasCaja, a financial firm which will grant you a license to expand your product portfolio in a market where many lack access tofinancial services. Stori, who did not say how much it paid for the acquisition, said it may expand its credit card offering and […]
What this 20-year-old did to make his business now worth nearly $1 billion
Aadit Palicha is only 20 years old but he is already co-founder of Zepto, a business dedicated to home delivery (delivery) of all kinds of food that are delivered in less than 10 minutes. According to international media, the company is currently one of the startups fastest growing in India and is valued at nearly […]
Mexican startup Kavak lays off staff, cuts expenses
Mexican used car platform Kavak has cut major spending and laid off staff ahead of a challenging 2023, according to an internal email seen by Reuters on Friday. Carlos Garcia, the startup’s chief executive, said in the email that Kavak made “significant cuts in expenses (…) reducing the size of the team” accordingly. The email […]
Chilean startup Houm seeks to accelerate growth in Mexico
Updated on 03/20/2022 04:52 am Houm Group Inc., a Chilean startup specializing in property rental and purchase services, plans to expand to five new cities in Mexico before the end of the year and will study another round of financing in the next 12 months, according to its CEO and founder, Benjamin Labs. Houm operates […]