An Indian court has dismissed Twitter’s lawsuit against the federal government that sought to challenge New Delhi’s block orders on tweets and accounts. The Karnataka High Court dismissed the high-profile plea, filed last year, and also fined the Elon Musk-owned firm 5 million Indian rupees ($61,000). The court observed that despite being issued notices, Twitter…
Seoul-based e-commerce company Levit, an operator of the shopping app Alwayz, wants to make the shopping experience more entertaining and affordable. The two-year-old startup has recently raised $46 million in a Series B round of funding led by DST Global Partners with participation from new investor BOND and existing backers KB Investment, Mirae Asset Capital,…
Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain Reaction. As if the pessimism around crypto weren’t enough, the industry is facing yet another quarter of hackers and scammers looking to make a quick buck. And to make things worse, it’s getting harder to trace and recover lost…
Haus, an aperitif company that tried to find a buyer last year after investor funding dried up, now has one. The Naked Market, founded by Harrison Fugman and Alex Kost, has acquired certain assets of the low-ABV (alcohol by volume) beverage company from CPG Holding Co. and is now relaunching a few of Haus’ customer…
DoorDash will give delivery workers the option to be paid a guaranteed hourly minimum rate instead of being paid per delivery, the company said Wednesday. The new option, a novelty in the gig worker industry, comes as DoorDash and other app-based gig companies like Lyft and Uber will have to provide New York City delivery…
Self-driving truck developer TuSimple may sell its U.S. business, the company said in a regulatory filing Wednesday. TuSimple, which is on the verge of being delisted from the Nasdaq stock exchange for failing to file two quarterly reports, said it is exploring strategic alternatives for its U.S. business, including a possible sale. The company also…
Earlier this year we wrote that the “the $100M venture round is going extinct.” Often our predictions wind up sideways. This time we were on the right track. According to new data from PitchBook, the U.S. venture market is continuing to endure lackluster velocity for nine-figure investments into private companies, colloquially referred to as “mega-rounds.”…
Hello Alice, a fintech helping small businesses access capital, and entrepreneurship ecosystem Global Entrepreneurship Network (GEN) created a $70 million Equitable Access Fund designed to bridge the financing gap experienced by women and BIPOC-owned founders. “There’s an estimated $40 billion gap among the BIPOC community alone,” Elizabeth Gore, Hello Alice co-founder, told TechCrunch. “Also, the…
Bluu Seafood, a German company creating cultivated (i.e. “lab-grown”) fish products, today announced it has raised €16 million ($17.5 million) in a Series A round of funding. Founded out of Berlin in 2020 originally as Bluu Biosciences, Bluu Seafood starts with a “one-time” fish biopsy — which, it says, doesn’t require killing any fish —…
Amazon subsidiary Zoox has begun testing its purpose-built, electric, autonomous robotaxis on public streets in Las Vegas, the company announced Tuesday. Zoox says this marks the first time that an autonomous vehicle built without pedals or a steering wheel has operated on public roads in Nevada. Zoox is starting small with a one-mile loop around…
