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While the world's leading ride-sharing business was blowing billions of dollars trying to buy global domination, Markus Villig was busy doing the opposite with Bolt. Working on a shoestring budget, he built a $8.4 billion operation—and a $700 million fortune—by focusing on overlooked markets in Africa and Europe
Moderna sues Pfizer and BioNTech; Delhi court rules pre-suit mediation not mandatory; USPTO obtains trademark for own brand; USPTO extends feedback deadline for 101 guidelines
Media giant Disney was late to the video streaming party. But sometimes the latecomers have the advantage, says Matthew Lynn.
The Tallinn, Estonia-based Bolt on 11 January announced its largest ever funding round of €628 million; the startup, founded in 2013 by Markus and Martin Villig as a taxi app, is now valued at €7.4 billion.
VC investment in Europe slid to $27.5 billion in Q3'21, following a record-breaking Q2'21 - which saw over $36 billion in funding, said a study.