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Roblox Soars 43% on First Day of Trading as Gaming Booms

Roblox Tops $45 Billion on First Day of Trading as Gaming Booms
The gaming site, valued at $4 billion a year ago, has benefited from the way children are passing their time in the pandemic.
Welcome to Bloxburg is one of many games in Roblox’s online universe, where players have avatars and can interact with one another.Credit.Roblox
March 10, 2021
When the pandemic forced people indoors a year ago, many passed the time by playing games on their iPhones, building gaming computers and exploring the latest blockbuster titles on their Xbox and PlayStation consoles.
For video game companies, that has meant gushers of cash. A record $56.9 billion was spent on gaming last year in the United States, up 27 percent from 2019, according to the NPD Group. Sony, which released the PlayStation 5 in November, recently reported a 62 percent profit jump while Microsoft tallied $5 billion in quarterly gaming revenue for the first time, helped by sales of its new Xbox devices. ....

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Dorchester elementary schools vaccinate teachers

Dorchester District Two says elementary students will be learning from home so teachers can get vaccinated. ....

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Monrow secures undisclosed funding from 9Unicorns - The Hindu BusinessLine

Monrow secures undisclosed funding from 9Unicorns
March 10, 2021
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The company’s gross revenue runrate is at about ₹9 crore. The brand has raised a total of ₹5 crore so far
Bengaluru-based women’s direct-to-consumer footwear brand Monrow has raised an undisclosed funding from 9Unicorns, an accelerator venture capital fund that supports early-stage start-ups.
The funding comes as the lifestyle fashion segment is slowly recovering from the Covid-19 crisis. Monrow will use the funds to expand to Tier-II and III towns, even as it plans to open more brick-and-mortar stores this year.
“At a time when most emerging ventures were thinking before taking the next step forward in an uncertain environment, we have doubled down and accelerated our growth. We posted double-digit growth during the pandemic. Our funding speaks volumes about our ability to bounce back faster than most of the other brands in the space to register strong post-pandemic recovery,” ....

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Startup news and updates: daily roundup (March 10, 2021)

YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, March 10, 2021. ....

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LatAm corporate spend-management startup Clara raises $3.5M, comes out of stealth

This morning Clara, a corporate spend-management startup focused on the Latin American market, announced its product launch and a $3.5 million pre-seed round led by General Catalyst. The company's funding caught TechCrunch's eye as there has been a flurry of funding for related companies serving the United States market. From Divvy to Brex to Ramp to Airbase to Teampay, investors have poured capital into startups working to help companies better track and manage their spend. ....

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