$25,000 Jeep EV to Debut 'Very Soon,' Stellantis CEO Confirms 
Jacquemus Confirms Nike Air Max 1 Collab; On-Feet Look at Nike Kobe 8 'University Red' 
Starbucks Unveils Summer and Pride Cups, Faces Backlash Over 40-Minute Wait Times 
What should you do if you can’t pay your rent or mortgage? 
Uganda’s tax system isn’t bringing in enough revenue but is targeting small business the answer? 
Top economists take a modest view of the budget, and doubt inflation will fall as planned 
High interest rates aren’t going away anytime soon – a business economist explains why 
Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon 
Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments 
The budget is full of good news, but good news isn’t the same as good management 
Nike Scores Partial Victory in Three-Stripe Trademark Battle Against Adidas 
Supporting ‘democracy’ is hard for many who feel government and the economy are failing them 
International study cap: How some private companies are marketing tech and AI solutions 
Danggeun Market Inc.’s buying and selling app Karrot has raised $162 million from investors including DST Global, to record a $2.7 billion valuation and makes it one of the largest startups in South Korea.
Karrot is backed by a venture arm of Masayoshi Son’s SoftBank Group Corp. and the new round. It now joins a list of South Korean unicorns eyeing global expansion as growth at home plateaus.
Karrot’s new investors include Yuri Milner’s outfit and Aspex Management. Its existing investors like Altos Ventures and Goodwater Capital also participated.\
Like other South Korean startups such as Coupang Inc. and Krafton Inc., Karrot is preparing to expand internationally.
South Korean startups can also become successful like Facebook and Google as the quality of their products, marketing, and branding have all matured, said Karrot co-founder Gary Kim.
He added that there would soon be a Korean consumer app that would be used globally.
Kim said the new funds would finance Karrot’s talent acquisition and overseas expansion plans for the next 18 months to two years.
The 200-person Karrot intends to add 100 new employees this year.
The company is focusing on improving profitability, and it may take five years before any potential public listing. While its local ad sales business is growing, Karrot is not yet profitable.
Karrot handled hundreds of billions of dollars of sales last year, according to Kim.
