Founded in 2019 by Peruvian entrepreneur Alejandro Ponce, Favo aimed to disrupt digital commerce by allowing entrepreneurs to set up online stores with no initial investment, offering up to 15% commission on sales.
The social media titan's IPO filing reveals a surge in revenue to over $800 million in 2023 from $666.7 million in 2022, yet it struggles with net losses and negative cash flow.
Founded in 2020, Tel-Aviv-based Chunk Foods has entered into an investment and collaboration agreement with <a href="https://www.betterbalanceshop.com">Better Balance</a>, a manufacturer active in Spain and Mexico, to develop and distribute a new range of plant-based, whole-cut "meats.
Led by Natalia Olson, a former innovation advisor to U.S. President Barack Obama, the project seeks to introduce young Europeans to business vocations by integrating them into the corporate world.
February 26, 2024
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