Ocado supermarket’s Warehouse had to go through a fearsome Friday as it witnessed a robot collision that caused a fire. It has had to cancel many delivery orders due to this. The warehouse contains almost 3000 robots that move with a speed of 13 feet per second while fetching orders. Ocado says, the fire triggered the site’s sprinkler system, but was contained by its mitigation measures. No one was injured, and the damage was limited to less than 1 percent of its grid. The warehouse which processes 150,000 orders a…
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Sneaker and streetwear empire GOAT hits $3.7 billion valuation in Series F raise
The GOAT Group parent company shared today that it has raised $195 million in a Series F raise valuing the fashion giant at some $3.7 billion. The raise was led by a handful of hedge funds and P/E firms including Park West Asset Management, Franklin Templeton, Adage Capital Management, Ulysses Management and funds & accounts advised by T. Rowe Price Associates. GOAT has surgically defined a corner of fashion commerce outside of Amazon’s purview while growing the appeal of street wear and sneakers to a broader audience of consumers. GOAT Group…
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