Base Partners News Today

BOZEMAN, Mont. - Residents in the 5thAvenue area near downtown are expressing concerns over the development of a new apartment building called The Guthrie.

A developer behind several large building projects in downtown Bozeman is proposing to build an income-restricted, affordable housing project in the city.

MPLs revenue from operations increased to $104.63 million in FY23, compared to $64.20 million in FY22, at a group level. Expenses also fell as it exited the merchandise business during the year under review.

MPLs overall revenue grew to $104.63 million in FY23, registering a 63% increase from $64.2 million in FY22. Its revenues from the Indian market grew by 23% to Rs 521.8 crore ($64.7 million) in FY23, from Rs 424.4 crore ($57.2 million) in FY22

Valued at $9 billion in late 2022, Navan is said to be targeting an initial public offering sometime in 2024.

Navan, an expense management startup once known as TripActions, has laid off 5% of its staff, or 145 people, a spokesperson confirmed to TechCrunch today. "Navan has recorded strong growth over the past three years despite the challenges affecting our industry," the spokesperson wrote via email, describing the cuts as a "restructuring." In October of 2022, Navan secured $150 million debt and raised $154 million in equity at a post-money valuation of $9.2 billion, up from it...

Highlights The round was done at a premium to its prior valuation, amid challenging market conditions and scarcity of funding for startups in the Latin America...

Arm, Instacart and Klaviyo are expected to list in September.

The company connects large foodservice manufacturers with bars, restaurants, cafés and bakeries then manages fulfillment.

Commercial real estate is having a tough year—and startups catering to the sector need to reevaluate, says one VC.