Tony Xu News

21.11 / 00:53

Platform electronic Moksha buys Arzooo assets in distress deal

distribution and supply chain company Moksha Group has acquired business-to-business consumer electronics startup Arzooo's assets, the companies said in a joint statement on Wednesday without disclosing the size of the deal. The distress deal comes months after Arzooo's unsuccessful attempts to raise new capital or merge with bigger rivals. The Bengaluru-based startup, founded by former Flipkart executives Khushnud Khan and Rishi Raj Rathore in 2016, had raised $80-90 million and was backed by likes of Celesta Capital, Japan's SBI Holdings and Doordash founder Tony Xu.

04.04 / 03:15

Provident Dash CEO security economy Bill rights Stride goes further for gig workers with portable benefits program

In a significant step forward for the gig economy, Stride has unveiled a pioneering initiative that promises to help enhance benefits for independent workers.

15.02 / 21:59

markets COST CEO Platform Food Trade DoorDash sees downbeat Q1 core profit as costs weigh

By Granth Vanaik

03.08 / 09:17

UPS IPO Target CEO Platform Inside Time DoorDash lifts core profit target for second time on higher orders

DoorDash raised its annual core profit forecast for a second time and posted an upbeat quarterly revenue as groceries and food orders jumped, sending its shares up more than 4% after the bell on Wednesday. The delivery firm posted its highest revenue since its IPO in Dec. 2020 as people stick to the pandemic trend of buying from their homes, thanks to promotions, deals and free deliveries with subscription passes by DoorDash and its rivals.

19.04 / 16:13

UPS BLOCK Career CEO Gold House launches $30 million fund to invest in entrepreneurs of Asian descent

Megan Ruan knows firsthand how representation can impact funding for entrepreneurs. She recalled being the only woman of color working at a family office earlier in her career and running a portfolio of venture investments.

18.01 / 21:59

Digital Crocs Biogen T. Rowe Price Stocks making the biggest moves midday: DoorDash, Biogen, T. Rowe Price, Crocs and more

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18.01 / 21:03

Action DISH Biogen Stocks making the biggest moves premarket: DoorDash, Didi, Philips and others

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