Here’s what you should know before the weekend starts.

1. Bra startup True&Co sold to Calvin Klein owner PVH

Phillips Van Heusen (PVH), owner of Calvin Klein, Tommy Hilfiger and Izod, among other iconic brands, has acquired the startup and plans to use it to move deeper into online sales and big data analytics connected to that.

True&Co., founded in 2012, was one of the earlier movers in the wave of vertically integrated ecommerce startups that use technology to move into and disrupt traditionally non-tech areas of business.

Using data that it holds about well-known bra brands, and your own feedback on the size that you own, it figures out what would be a good bra for you. It then sends you five bras that fit the bill and you pay for what you want, and send back what you do not.

Opportunities should arise from the acquisition, considering Calvin Klein has a lingerie line of its own, and PVH also owns Warner and Olga, two big names in lingerie.

Read the rest of the story here

 

2. Alibaba-backed Paytm ventures into Canada

Paytm, the Indian mobile payments startup backed by Alibaba Group Holding Ltd., has begun its global expansion by launching a mobile bill and tax payment service in Canada.

Paytm’s Canadian smartphone app now lets users there pay their phone, cable, internet and utility bills as well as insurance and property taxes

Paytm, also backed by Alibaba-affiliate Ant Financial, already runs a team of data scientists and engineers in Toronto building payment and ecommerce technologies.

Read the rest of the story here.

 

3. Indonesia-based VC firm Kejora Ventures expands to Thailand

Kejora Ventures, an Indonesian VC firm with a presence in the Philippines and Singapore, has opened an office in Bangkok in Thailand. Set up in 2014, Kejora focuses on investing in, building and growing highly-scalable tech companies.

The VC firm recently announced it has raised about one-third of the target fund size of US$80 million at the first close of the Kejora Star Capital II Fund, drawing strategic investors such as the Barito Pacific Group, the Charoen Pokphand Family and Hubert Burda Media.

 Read the rest of the story here.

Share Your Opinion

comments