Sequoia reveals in filing how much is sitting in its Sequoia Capital Fund (and yes, it’s a lot) • Startups
Almost a year ago to the day, the 50-year-old investing powerhouse Sequoia Capital announced that it had reorganized itself around a singular, permanent structure: The Sequoia Capital Fund. Now, thanks to an SEC form filed on Friday, we know how much is sitting...
Bike Bazaar gets $10m to rev up India’s rural two-wheeler market
The startup, which has raised a total of US$30m for its series D, specializes in two-wheeler financing. Source link
Instagram’s founders’ new app, another Twitter rival, Biden admin criticizes app stores • Startups
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app economy in 2023 hit a few snags, as consumer spending last year dropped for the first time by 2%...
Exclusive: RedDoorz breaks even in Indonesia, Philippines
CEO Amit Saberwal talks about the hospitality startup’s plans to break even by Q4 this year, among other goals. Source link
Chinese Tesla rival Xpeng launches P7 and G9 electric cars in Europe
Xpeng is pushing aggressively into international markets. The Chinese electric car start-up launched its P7 sedan and G9 SUV in Denmark, Norway, the Netherlands and Sweden.Zhang Peng | LightRocket | Getty ImagesXpeng, a Chinese electric vehicle startup, on...
50 rising startups in Singapore
Which startups are on the path to becoming the next big thing? Source link
Google testing ChatGPT-like chatbot ‘Apprentice Bard’ with employees
A man walks through Google offices on January 25, 2023 in New York City.Leonardo Munoz | Corbis News | Getty ImagesGoogle is testing new artificial intelligence-powered chat products that are likely to influence a future public product launch. They include a...
InstaDeep’s acquisition is a classic case of an African startup gone global • Startups
This January, Germany’s largest vaccine maker BioNTech announced that it had agreed to acquire Tunisian-born and London-headquartered AI startup InstaDeep for up to £562 million, including a performance-tied £200 million tranche investment. InstaDeep’s deal —...
Walmart-backed PhonePe’s nine-month 2022 revenue surged to $234 million • Startups
PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered generated...
Stripe eyes an exit, Dell bets on the cloud, and Shutterstock embraces generative AI • Startups
Hey, party people, it’s Kyle, continuing to step in for Greg to write Week in Review as he spends time with his newborn. Dunno about y’all, but it’s been a week. I’m dead tired and thankful it’s over. But because the news never sleeps, I’m rallying with the...
Bitcoin-demanding cybercriminals use bug from 2021 to initiate global ransomware attack • Venture Capital
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello, Crunchers! Our fave read today was Connie’s piece with advice for startups that have the government as their target...
Ovni Capital is a new French VC firm backing startups with global ambitions • Venture Capital
If you’re a French entrepreneur, there’s a new venture capital firm in town. Ovni Capital is announcing a first closing of €50 million ($54 million at today’s exchange rate) for its early-stage fund. The firm’s two general partners Arnaud Laurent and Augustin...
Dear founders, returning to the office is a numbers game • Venture Capital
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Toward the end of 2022, a number of entrepreneurs, some citing Elon Musk,...
Kapor Capital’s new crew is raising an opportunity fund • Venture Capital
Four months after closing its largest fund to date, Kapor Capital wants more. The firm is under new leadership after co-founders Freada and Mitch Kapor stepped back from the outfit, which focuses on funding social impact ventures and founders of color. Now, led...
Google CEO talks up AI on earnings call as ChatGPT competition mounts
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020.Fabrice COFFRINI | AFP | Getty ImagesAlphabet and Google CEO Sundar Pichai said Thursday that the company will soon add advanced...
Sequoia Capital India backs Freightify’s vertical SaaS platform for freight forwarders • Venture Capital
For freight forwarders, procuring pricing data for their customers usually involves going to multiple sources, and then consolidating information into spreadsheets. That’s time-consuming and complicated, especially since pricing data constantly changes....
Tech startups trying to fill tech gap
A worker refills a robotic dispenser by eFishery, an agritech startup, at a fish farm in Subang Regency in West Java, Indonesia, in June 2022. The startup helps farmers optimize their processes through automatic feeders and mobile apps.Dimas Ardian | Bloomberg...
Entocycle grabs $5 million for its insect breeding technology • Venture Capital
Even if insects don’t sound appealing to you, black soldier flies could play an essential role in the food chain in the coming years. In particular, these flies’ larvae can become an important source of proteins for livestock and fish. That’s why Entocycle is...
What’s Stripe’s deal? • Venture Capital
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the...
The latecomer advantage in startups • Venture Capital
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Sometimes, due to the nature of the startup game, we over index on “the new.”...
Entrepreneurs Programme Attracts Robust Startups price US$50m
NEXEA Angels Sdn Bhd (NEXEA), a Malaysia-based start-up investment company launched the Entrepreneurs Programme on 19th May 2020, in collaboration with the Malaysia Digital Economy Corporation (MDEC). It aims to bring together exclusive private groups of CEOs of local...
India’s Zomato to chop 13% of workers
The meals supply startup's CEO and founder Deepinder Goyal additionally proposed a short lived pay minimize for all the firm. Source link
Luxurious consignment retailer The RealReal lays off 10% of workforce, furloughs 15% – TechCrunch
On-line consignment firm The RealReal is the newest tech firm to put off and furlough staff amid the COVID-19 pandemic. Within the firm’s quarterly earnings report immediately, The RealReal introduced layoffs affecting 10% of its workforce and furloughs...
Ooni’s Koda 16 pizza oven is the uncommon kitchen gadget that delivers on its promise – TechCrunch
Ooni (nee Uuni), has been round for a couple of years now, however its newest oven, the Koda 16, launched in March. Identical to everybody else, I’ve been cooped up at dwelling for weeks with nothing however the entire tasks I'd get round to at some point. On...
Payments company 2C2P launches VC arm
The new entity, called 2C2P.VC, will focus on fintech opportunities across Southeast Asia. Source link
(Up to date) 2C2P units up VC arm to make strategic funding in funds corporations in Southeast Asia
(This text has been up to date with new particulars from 2C2P) Singapore- and Bangkok-headquartered funds processing firm 2C2P has established a VC arm to make strategic investments in funds and associated sectors. With the launch of 2C2P.VC, the fintech firm...