Nigerian startup Taeillo raises funding to scale its online furniture e-commerce platform

Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retailers like IKEA. But both options have pros and cons; for the latter, local furniture stores may lack the quality that clients need, ...

Paytm lending business records ARR of $4.8 billion, disburses 6.8 million loans in Oct, Nov

ETtech The number of merchants paying subscriptions for Paytm payment devices exceeded 5.5 million (Illustration: Rahul Awasthi) Digital payments and financial services player Paytm’s clocked an annualised run rate for the loan distribution business at Rs 39,000 crore ($4.8 billion.) ...

Canadian startup MOC Biotechnologies revolutionizes drug discovery through bioprinting

Canadian startup MOC Biotechnologies has recently made its way into the Canadian finals of the Entrepreneurship World Cup. Founded in 2019, the startup develops a Magical Organ Cloner (MOC) system that can print materials such as hydrogels, polymers, liquid ...

Robco links up with $14M led by Sequoia to bring modular robotics to industrial SMBs

After years of outsourcing and offshoring manufacturing to countries with cheaper labour and bigger production ecosystems, the U.S. and Europe are on a mission to bring some of that industrial work back to its own shores. Today, a startup ...

Doglapan book review: An angry and indignant Ashneer Grover doesn’t hold back in this tell-all memoir

“If you choose to work with your spouse, there should be no hesitation in designating them as co-founders as well as giving them a seat on the board” “It is important to remember that the investor is just another ...

Tiger Global startup investments drop 70% in 11 months of 2022 as funding winter worsens

Tiger Global Management, one of the world’s most aggressive technology investors, has demonstrated its confidence in India this year by continuing to deploy capital, albeit on a smaller scale, while slowing investments elsewhere in the world due to macroeconomic ...

Uber sues NYC Taxi & Limo Commission to block rate increase for drivers

Uber is suing the New York City Taxi & Limousine Commission (TLC), which last month approved a fare hike for ride-hail apps and taxi drivers amid a post-pandemic driver shortage, rising operational costs and higher inflation. The ride-hail company ...

ADIA looks to invest $400 million in Lenskart at $4.5 billion valuation

ETtechAbu Dhabi Investment Authority (ADIA) is in advanced discussions with Lenskart and its existing stakeholders for an investment of $350-400 million, the largest fundraise by the omni channel eyewear retailer, said people aware of the development. Some of Lenskart’s investors ...

Twitter Blue to relaunch with actual verification process, higher price for Apple users

Twitter is officially bringing back the Twitter Blue subscription Monday, starting in five countries before rapidly expanding to others, according to Esther Crawford, director of product management at Twitter. Web sign-ups will cost $8 per month and iOS sign ...

The one slide 99% of founders get wrong when fundraising

There’s one slide that almost every founder gets wrong when they are putting together a pitch deck to raise money from venture capitalists. The slide is usually known as “the ask,” and it typically lives toward the end of ...

There are a lot of reasons to be excited about Canada’s venture market

Canada’s venture market isn’t immune from the global market downturn, but unlike the U.S. — where everything seems increasingly bleak — there are quite a few bright spots in Canada’s ecosystem this year. Data from the Canadian Venture Capital ...

Avarni is building a comprehensive dataset to analyze supply chain emissions 

For companies aiming toward net zero, tracking scope 3 carbon emissions is a key challenge. Scope 3 are emissions along a supply and value chain, which means they have to account for a large number of partners. Avarni automates much ...

UnaBiz raises US$25 million in B+ round financing

UnaBiz, the massive Internet of Things (IoT) solution provider, announced on December 8 that it has completed its B+ financing round led by Japan’s Sparx Group, and other investors including Singapore’s G.K Goh Holdings, are also optimistic about UnaBiz’s future ...

Einride collects half a billion in funding

Swedish electric transport specialist Einride has secured $500 million in funding, which includes both a $200 million Series C equity raise and a $300 million credit facility. The capital raised via Series C round comes from Swedish pension fund ...

Exclusive: Govt pushes Meta for 1 hour turnaround time on content takedown orders, says Google better on compliance

(Representative image) The Indian government has informed Meta, which owns social media platforms such as Facebook, Instagram, and WhatsApp, to make efforts to process and complete content takedown orders issued by authorities within one hour of receiving such official ...

Most valuable Indian startup Byju's is said to seek easier terms on $1.2 billion loan

ETtechIndian online-education provider Byju’s is seeking to restructure its $1.2 billion loan as it struggles with steep losses and cost reduction targets, according to people familiar with the information.The nation’s most valuable startup, valued at $22 billion, has appointed an ...

Harbor Lab secures €6.1M to make shipping dock more easily and cheaply

When a ship goes into a commercial port, there are lots of port call-related costs. These are called things like ‘disbursements’ and ‘port call expenses’. They can include, port dues, towage and pilotage fees, which, added together can represent ...

1/3 of NHS & healthcare workers are unable to perform due to overwhelming tech

Healthcare systems risk data breaches due to overinvestment in new technology, which is increasing stress and email mistakes, says a study of healthcare workers by Zivver, a leader in secure communication solutions. 

Boosting employee engagement in 2023

A research report commissioned by global HR technology and employee engagement company Reward Gateway calls for HR managers to include practical, human-centred solutions in their core strategy for 2023 to boost engagement.

Prime Bank and AGAM spark lending revolution for individuals and business

A digital platform which is set to revolutionise lending to both individuals and businesses is being launched by Prime Bank, a leading private commercial bank in Bangladesh with the system powered by AGAM, a next generation UK Fintech.

Froda & Treyd join forces to provide merchants better growth financing

Two of Sweden’s fastest-growing fintech companies are joining forces in a partnership to provide easier and more accessible growth financing for retailers that import goods.

Who Dares Wins

 “The sound of a small bell during a dark night is louder than the din of traffic outside your window during rush hour. Surprise and differentiation have far more impact than noise does.” Seth Godin

WhatsApp starts rolling out 3D avatars

WhatsApp has started rolling out 3D avatars for its users around the globe that can be used as profile photos or custom stickers — months after their debut on Instagram, Facebook and Messenger. On Wednesday, Meta CEO Mark Zuckerberg ...

The women’s health industry in 2023

2022 was a year for the history books - the impact of Roe v. Wade being overturned will be felt for years to come in and outside of the US. As we head into 2023, Dr. Elina Berglund Scherwitzl, Co-Founder and co-CEO of Natural Cycles, shares her thoughts on the short-term impacts of how the decision will impact the women’s health industry over the next year, as well as other predictions for the women’s health space in 2023.

Tiger Global-backed Vedantu lays off another 385 employees to focus on profitability

From L to R Anand Prakash Pulkit Jain and Vamsi Krishna- Vedantu founders Tiger Global-backed edtech unicorn Vedantu has laid off another 385 employees in a cost-cutting initiative as it joins a growing list of cash-guzzling unicorns to undertake ...

Uber and Motional launch robotaxi service in Las Vegas

Uber and Motional, the Hyundai-Aptiv joint venture focused on commercializing self-driving technology, have launched a robotaxi service in Las Vegas — the first step in the companies’ 10-year plan to co-scale across major North American cities, which was announced in ...

Autonomous and electric truck company Einride raises $500M in equity and debt

Einride today announced a $500 million tranche of financing as it looks to expand its autonomous and electric trucks into new markets globally. The cash injection constitutes an equity-based $200 million Series C portion from backers including Northzone, EQT Ventures, ...

Govt recognises 84,102 entities as startups as on November 30

ETtechThe government has recognised as many as 84,102 entities as startups as on November 30 this year, Parliament was informed on Wednesday. These startups are eligible for availing host of incentives, including income tax benefits under the Startup India scheme, ...

Swedish self-driving truck start-up Einride raises more cash

ReutersSwedish electric self-driving truck start-up Einride said on Wednesday it had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company’s ability to pursue new markets and customers.A $300 million ...

Newly formed association of Mumbai startup founders met Maha Deputy CM Devendra Fadnavis

Mumbai based startup founders with Maharashtra Deputy CM Devendra Fadnavis Tech Entrepreneurs Association of Mumbai (TEAM) which consists of startup founders and leaders based out of Mumbai kickstarted preliminary rounds of consultations, starting with Maharashtra’s Deputy Chief Minister Devendra ...

African credit-led fintech Finclusion raises additional capital amidst rebrand

African credit-led neobank Finclusion Group has raised an additional $2 million in equity financing as it officially rebrands to Fin, the company said in a statement shared with TechCrunch.  The news follows a January announcement that the fintech, which uses ...

Gaia raises $3M to bring more science to the art of forestry

It’s all good and well to sell a carbon credit, but if you chop down the tree representing that credit as soon as the money hits the bank account, it’s not exactly a win for the planet. Gaia AI is ...

Content Production and Distribution comes to the fore

In response to the growing relevance of content production and distribution technologies across the pro-AV and systems integration market, ISE 2023 will see a host of new features focused on this exciting area, including a new dedicated area in Hall 6.

1,330 recognised startups from gaming and related sectors as on Nov 30: Som Parkash

ETtech Union Minister of state for commerce and Industry Som Parkash Recognised startups in the gaming and related sectors have grown from five in 2016 to over 1,330 as on November 30, 2022, Parliament was informed on Wednesday. A task ...

Xiaomi’s India business head quits amid growing scrutiny

Xiaomi’s business head in India has resigned as the Chinese smartphone giant faces regulatory pressure and intense scrutiny from the Indian government and sees growing competition from other homegrown Chinese vendors as well as Samsung. Raghu Reddy, Chief Business ...

Proton Drive encrypted cloud storage service arrives on mobile

Proton, the Swiss company behind a range of privacy-focused online services, has officially brought its end-to-end encrypted (E2EE) cloud storage service to mobile. Founded in 2014, Proton was initially all about an encrypted Gmail alternative called Proton Mail, but in ...

StructureFlow helps attorneys visualize deal flow in a workflow-style interface

Most M&A deals involve a lot of activity from the buyer to the financiers and a myriad interested parties. The typical way of describing this is to write dense text in a contract explaining the relationships, an approach that quickly ...

3 ways to maximise your entrepreneurial mindset

Compassion, resilience, self-awareness, and belief are all characteristics of a successful entrepreneur. Jaz Broughton is on a mission to empower 10,000 to follow their goals, and realise that ambition is not a dirty word, and being a high achiever isn’t a bad thing.

Edtech firm Vedantu cuts 385 jobs in fourth round of layoffs this year

IANS Vedantu Vedantu has laid off another 385 employees in its fourth round of layoffs this year, as the pressure to cut costs and turn profitable mounts on Indian edtech firms, multiple people told ET.Vedantu’s cofounders and some senior executives ...

3 methods for investors assessing AI-readiness in portfolio companies

Richard Potter Contributor Share on Twitter Richard Potter is the co-founding CEO of Peak, which provides the platform, applications and services to help businesses harness the potential of AI to grow revenues, increase profits and boost efficiency. We are in ...

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