India ordered an investigation into Byju’s days before auditor and board members resigned, report says

India’s corporate affairs ministry ordered an investigation into edtech startup Byju’s last week, television news channel CNBC-TV18 reported Friday, further complicating matters at the most Indian valuable startup that lost both its auditor and three board members on Thursday. The ministry has taken cognizance of “various corporate governance lapses” at Byju’s, the television channel reported,…

Life after logistics | TechCrunch

You’ll have to forgive me, as this is going to be one of those in-between Actuator weeks. I finally took a couple of days off last week after working through the last few weekends, and today I’ve been rewarded with a throbbing migraine. Isn’t the human body magical? Either way, it’s an exciting week for…

Deloitte resigns as Byju’s auditor

Global audit firm Deloitte has resigned as the auditor of Byju’s and did not undertake the auditing of the edtech behemoth’s financials for the year ending March 2022, it said Thursday, a year after the Indian startup’s tardy financial disclosures attracted global scrutiny. Byju’s in a statement termed Deloitte’s resignation as “planned transition” and said…

Supercritical, a carbon removal marketplace aimed at tech firms, raises $13M Series A led by Lightspeed

Supercritical, the carbon removal marketplace aimed (at the moment) mainly at tech companies that want to hit “net zero,” has raised a $13 million Series A funding round, led by Lightspeed Venture Partners. The round includes funding from RTP Global, Greencode Ventures, MMC Ventures and others. We covered Supercritical’s launch back in August 2021, when it pointed out that…

We’ve officially entered a new era of ‘cultivated’ meat production

U.S. regulators met another alternative protein milestone Wednesday when they approved both Upside Foods and Good Meat to sell their cultivated chicken products within the country. Known as “cell-cultivated” or “cultured meat,” these proteins are made from animal cells rather than slaughtered animals and are often developed using a fermentation process involving bioreactors. Upside Foods…