How much will the changing valuation profile of software companies impact the highest-flying private unicorns? Also, why hasn’t Databricks gone public yet? The answer to the former might be the answer to the latter. TechCrunch has spent ample time since the end of 2021 tracking changes to the value of software revenues. To catch you…
Per reports, Egyptians spend about 30% of their income on food in a $17 billion restaurant industry, one of the largest in Africa and the Middle East. Yet restaurants in this North African nation operate on thin margins due to several factors, ranging from large initial investments and high cost of rent to increasing operating expenses…
SoftBank Latin America is certainly having massive exits, but not the lucrative kind. Paulo Passoni and Shu Nyatta, two managing investment partners of SoftBank’s Latin America practice, are leaving the firm to start their own venture practice. According to Passoni’s LinkedIn post, Nyatta and him “now move towards achieving our own dreams. In our own…
Alphabet’s self-driving unit Waymo made an unusual leadership move last year: employing two executives it filled its CEO spot that had been vacated by John Krafcik. The new co-CEO role combined the technological prowess of its CTO Dmitri Dolgov with the policy and commercial operations expertise of its COO Tekedra Mawakana. Two executives sharing the…
Clipboard Health, an app-based marketplace that matches nurses with open shifts at nearby healthcare facilities, today announced that it raised $80 million over two unannounced rounds, a $50 million Series B round in 2021 and a $30 million Series C round this year, at a $1.3 billion valuation post-money. CEO Wei Deng says that the…
UrbanPiper, a restaurant management platform that processes 18% of all online food orders in India, has raised $24 million in a new financing round from a number of investors including Swiggy and Zomato, the three firms said Monday. The six-year-old startup’s Series B funding was led by existing investors Sequoia Capital India and Tiger Global.…
Welcome to my weekly fintech-focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas and me riff on all things startups! And if you want to have this hit your inbox directly once it officially turns into a newsletter on May 1, sign…
Welcome to my weekly fintech-focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas and me riff on all things startups! And if you want to have this hit your inbox directly once it officially turns into a newsletter on May 1, sign…
Sequoia Capital India, one of the most prolific and successful investors in India and Southeast Asia, addressed the fraudulent practices allegations levelled against some of its portfolio startups and pledged to take proactive steps to do more to drive increased compliance. In a blog post published Sunday afternoon, the storied venture fund said it’s still a “work-in-progress”…
Hello readers, and welcome back to Week in Review! Last week, I talked about Apple and crypto. This week, we’re talking about Apple clashing with Meta over their metaverse taxes. After sending out hundreds of these newsletters, next week will sadly be my last time sending out Week in Review — but more excitingly it…
