Zalando announces best first quarter
Six months after going public, Zalando SE shared its Q1 numbers. The results are the best in the company’s history. “We are optimistic about the remainder of the year,” states Rubin Ritter, a board member. Zalando will continue to expand further abroad and expects an operating margin of 4.5 percent this year.
KONUX raises $1.6 million seed round
Munich-based tech startup Konux raised a $1.6 million round, led by Californian Founder.org. Kondux produces optoelectronic sensors that are able to determine a wide range of mechanical measurands with the highest precision.