Vedantu launches first hybrid learning centre as edtechs shed pandemic-induced growth

Edtech unicorn Vedantu has launched its first hybrid learning centre in Muzaffarpur, following in on the strategy of other edtechs and competitors Byju’s, Unacademy and PhysicsWallah, among others.This comes as online education platforms shed the pandemic-induced growth, as offline centers ...

Taking on Bilt, Stake aims to expand its cash-back rewards program for renters

Aiming to compete with Bilt in the nascent property renter rewards market, Stake, a startup that provides cash back and banking services to renters, today announced that it raised $12 million in a Series A round led by RET Ventures’ ...

Brazilian motorcycle rental startup Mottu revs up with $40M to help more Latin Americans become couriers

Mottu, a São Paulo-based motorcycle rental startup, has raised $30 million in equity in a Series B round of funding. The company, which aims to give independent couriers a way to work for logistics and food delivery apps, also ...

A look into the British DFI’s plan to invest in African economies, venture funds and tech startups

Progress so far: banks, VC firms and startups Big plans for climate finance On April 4, the U.K.’s development finance institution, Commonwealth Development Corporation (CDC) Group, formally changed its name to British International Investment. As part of the name ...

Carbon Planning

We are all aware that something needs to be done to reduce our carbon footprint, but many of us have no idea where to start. Naturally the best place to start anything is from the beginning and in carbon planning the beginning is to measure where you are now - what your current carbon emissions are. 

Ankiti Bose steps down from Zilingo board

Ankiti Bose (Image: @ankitibose/Instagram) Ankiti Bose announced on June 30 that she has resigned from Zilingo’s Board. In a statement, the former CEO, who was sacked, said she is resigning due to the opacity of information as a board ...

Protecting your business when a cybersecurity incident strikes

Ensuring that businesses are properly prepared to react to a cyber attack, and to secure assets and data afterward, is entirely dependent on the proactive steps businesses take in advance so they can respond to such an incident quickly and efficiently. James Tamblin, BlueVoyant UK President discusses how to protect your business when a cyber incident strikes.

Profitability vs. growth: the key for a technology company to survive

It is no secret that the technology sector is not going through the best of times. We have seen several unicorns make drastic decisions about their businesses, announcing layoffs and exiting markets in which they were present in order to reduce costs and preserve their liquidity.

Only a quarter of accountants offer cash flow support to SMEs

Accounting firms are missing a key opportunity to adopt Open Banking to help meet the needs of small businesses facing a cash flow squeeze, according to a report by iwoca, one of Europe’s largest small business lenders, and AccountingWeb.

MoHash raises $6M seed funding to bring sustainable, stable yields to DeFi

The recent collapse of UST has once again demonstrated that many of the so-called stablecoins in the web3 world today are tied to high-risk and often unsustainable assets. As decentralized finance attempts to expand its reach, it appears to ...

Business leaders reject 4-day working week amidst worsening economic landscape

Vistage has released its quarterly UK SME CEO Confidence Index for Q2 2022. The study reports that the SME business confidence index hit 77 points, a 22% decrease since the last quarter.

Fung $2.7M Pre-seed Funding

Fung, an Amsterdam-based startup, has raised $2.7mn (€2.5mn) in a pre-seed funding round co-led by Global Founders Capital (GFC), Kingsway Capital, Kindred Capital, and Karatage.

Recycled active-swimwear range empowers women with freedom of adventure

La Bom, the Spanish/British sustainable swimwear brand for all active women, launches today in the UK and with the company launch it showcases a collection of active ready, fully recycled ECONYL swimwear.

Esop plan: Swiggy employees to get liquidity of up to $23 million

THE ECONOMIC TIMESSwiggy, the food delivery and quick commerce player, said its employees will have the option to receive liquidity of up to $23 million against their employee stock ownership plan (Esop) – its first milestone as a part of ...

Vedantu joins Byju's, Unacademy, PhysicsWallah to open offline centre

From L to R Anand Prakash Pulkit Jain and Vamsi Krishna- Vedantu founders Tiger Global-backed edtech unicorn Vedantu has joined a growing list of online education companies, such as Byju’s, Unacademy and Physicswallah, that are opening offline tuition centres. ...

Swiggy to buyback ESOPs worth $23 million to incentivise 900 employees

A Swiggy Delivery boy | Representative image Food and grocery delivery platform Swiggy will be buying back shares worth $23 million issued under its employee stock option program (ESOP) from about 900 employees in a bid to incentivise them. ...

Apple says developers will have to submit a new version to use third-party payment systems in South Korea

Apple announced Thursday that developers can now use a third-party payment system for the South Korea App Store. The company specified that developers will need to submit a separate binary for iOS or iPadOS “distributed solely on the App Store ...

Samsung Electronics starts 3-nanometer chip production ahead of TSMC

Samsung Electronics said Thursday it has kicked off mass production of 3-nanometer chips, becoming the first company to do so globally, as it aims to beat Taiwan Semiconductor Manufacturing Co, or TSMC, the world’s most advanced foundry chipmaker. Samsung said ...

The UK global tech scene and its future success

With the worst of the coronavirus pandemic seemingly – hopefully – behind us, many of the world’s leading economies are looking for ways to begin recovering and rebuilding from the financial downturn they have experienced as a result.

Sava, a spend management platform for African businesses, gets $2M pre-seed backing

When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The business eventually grew to a point where it offered over $1 million in loans to customers ...

Lenskart acquires majority stake in eyewear brand Owndays in $400 million deal

India’s Lenskart is buying a majority stake in Japan’s Owndays, the two firms said, creating one of Asia’s biggest online retailers of eyewear. The firms did not disclose the financial terms of the deal, but a person familiar with ...

Collect Tech Platform Spocto hires ex-Google, Amazon executives

ETtechSpocto, a Mumbai-based artificial intelligence-powered collect tech platform, has brought on board a slew of executives, who have worked with tech giants such as Amazon and Google, on its tech team.The idea is to use their expertise to bolster Spocto’s ...

Zomato tumbles for 4th session, wipes out nearly Rs 12,000 crore m-cap

ETtechNew Delhi: Shares of Zomato continued to slide on Thursday, marking its fourth consecutive session of fall. The stock of the food delivery giant has slumped about 25 per cent since Monday after the company acquired the quick commerce delivery ...

Fintech platform AquaExchange raises $3 million in funding from Endiya Partners

ETtechAquaExchange, a fintech platform catering to India’s shrimp and fish ecosystem, raised $3 million in funding from Endiya Partners, Accion Venture Lab, and other existing investors.The firm plans to deploy the capital for improving its tech, e-commerce operations and expanding ...

NFT giant OpenSea reports major email data breach

Opensea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach. A staff at Customer.io, an email vendor contracted by OpenSea, misused their employee access to ...

Black Swan analyzes social media to predict which products will be successful

Consumer packaged goods companies — think PepsiCo or Nabisco — face steep challenges from the rising cost of living and distribution. As inflation continues unabated, consumers’ disposable income isn’t going as far as it used to while products are ...

Over 50K startup employees stare at job loss as India prepares for 200 unicorns

AgenciesAs startups in India keep firing their staff to navigate through the ‘funding winter’ and more than 60,000 can lose their jobs in 2022 alone, the country is preparing to welcome 200 unicorns in the next four years.As thousands more ...

SME credit enabling platform GetVantage raises $36 million, eyes Southeast Asia expansion

GetVantage co-founders Amit Srivastava and Bhavik Vasa (L-R) GetVantage, a Mumbai-based lending platform for small and medium enterprises (SMEs), said on June 30 that it has raised $36 million led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, and existing ...

GetVantage offers revenue-based financing to India’s founders

Some SMEs don’t want to get (or have access to) equity funding, but also want to stay away from high-interest bank loans. That’s the gap that revenue-based financing platforms like GetVantage want to fill. The Mumbai-based startup announced today ...

Good Glamm’s Raymond brands acquisition in the dock over valuation mismatch, financing woes

ETtechDirect-to-consumer beauty and personal care company Good Glamm Group’s (GGG) efforts to acquire the consumer care business of the Raymond Group that houses the Park Avenue and Kamasutra brands has hit a valuation roadblock, said people in the know.Existing investors ...

Y Combinator announces Launch YC, a way for its portfolio to shout to the public

Y Combinator has announced Launch YC, a platform where people can sort accelerator startups by industry, batch, and launch date to discover new products. The famed accelerator, which has seeded the likes of Instacart, Coinbase, OpenSea, and Dropbox, invites ...

Get hype for the first images from NASA’s James Webb Space Telescope

Very soon, humanity will get to view the deepest images of the universe that have ever been captured. In two weeks, the $10 billion James Webb Space Telescope (JWST) — NASA’s super expensive, super powerful deep space optical imager ...

Substack cuts 13 jobs to avoid raising more venture captial

The newsletter platform Substack laid off 13 employees today, mostly in HR and writer support roles. Co-founder and CEO Chris Best informed the company after holding meetings with the affected employees, which also included founders Hamish Mackenzie and Jairaj ...

Google’s ‘deceptive’ account sign-up process targeted with GDPR complaints

Fast track to being tracked Strategic complaint Consumer rights groups in Europe have filed a new series of privacy complaints against Google — accusing the advertising giant of deceptive design around the account creation process which they say steers ...

Daily Crunch: Indian edtech giant Byju’s delays $1B acquisition payment, lays off hundreds of workers

The TechCrunch Top 3 Startups and VC 5 ways to seize the opportunities created by recent chaos in adtech Big Tech Inc. To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day ...

Bird CEO Travis VanderZanden steps down as president

Shared micromobility company Bird’s board of directors has appointed Shane Torchiana as president of the company, replacing the company’s CEO and founder Travis VanderZanden. The new roles will begin effective June 29, per a regulatory filing. VanderZanden, who previously ...

AlgiKnit’s seaweed-sourced materials could mend the textile industry’s toxic habits

AlgiKnit is on a mission to offer more environmentally conscious materials for the heavily polluting fashion and textile industries. The startup is developing materials from seaweeds such as Macrocystis Pyrifera, one of the planet’s most renewable and regenerative organisms, ...

The company behind Pokémon Go, Niantic lays off 8% of staff and cancels 4 projects

Pokémon Go developer Niantic is running into trouble as it builds “the real-world metaverse.” Like so many other tech companies facing turbulent economic times, the company decided to let go of 8% of its staff, affecting about 85 to ...

Google’s Switch to Android app for iOS users is now compatible with all Android 12 phones

Google announced today that its Switch to Android app for iOS users is now compatible with all Android 12 phones. The iOS app, which launched earlier this year, makes the transition between the mobile platforms easier to manage by helping ...

What downturn? The total cloud market reached $126B in Q1 2022

Imagine for a second that you could roll up the entire cloud market, everything from SaaS to infrastructure to platform, CDNs (content data networks), managed private clouds, data center rentals — everything. What would that be worth in a quarter? ...

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