Food delivery firm Zomato and instant delivery service Blinkit have reached an agreement for a merger, a source familiar with the matter told TechCrunch. The all-stock deal values Blinkit between $700 million and $750 million, the source said, requesting anonymity as the matter is private. The merger — or technically, an acquisition — comes at…
Dragoneer Investment and Tiger Global are backing Bazaar, a startup that is attempting to digitize Pakistan’s retail with e-commerce, fintech and last-mile supply chain solutions, they said today, joining a growing list of high-profile investors making large bets in the South Asian market. The two investors are leading Bazaar’s $70 million Series B funding. Existing…
Twelve years after it was first announced, NASA’s massive Space Launch System will finally make its public debut. The super heavy-lift rocket and Orion spacecraft will begin the rollout to the launch pad at Florida’s Kennedy Space Center on Thursday, a much-anticipated development for a launch system that’s been beset by delays and a mounting…
Another day, another 52-week low for the value of modern software stocks. Once a key indicator of the market’s effervescent enthusiasm for the value of cloud companies, the Bessemer Cloud Index has become a barometer of the opposite in recent months. After a dizzying ascent, the basket of public software companies has given back all…
China is allowing the public to take COVID-19 rapid antigen self-tests for the first time as infection numbers hit a two-year high in recent days. Online marketplaces including JD.com and Meituan are now taking pre-orders for home test kits from government-approved manufacturers, including Shenzhen-based gene giant BGI. The products will also be available through drugstores…
Alexis Ohanian, Reddit cofounder, venture capitalist, and enthusiastic Twitter user, quietly announced a new initiative last week out of his venture firm, Seven Seven Six (776): the 776 Titans Fund. The new fund, as the firm describes it, plans to “focus on emerging managers, each with their own influential distribution channels and unique operational experience…
Alexis Ohanian, Reddit cofounder, venture capitalist, and enthusiastic Twitter user, quietly announced a new initiative last week out of his venture firm, Seven Seven Six (776): the 776 Titans Fund. The new fund, as the firm describes it, plans to “focus on emerging managers, each with their own influential distribution channels and unique operational experience…
If you’re itching to get your game-changing product out of the garage, onto the streets or into customers’ driveways, we not-so-humbly suggest that you do whatever it takes to attend TC Sessions: Mobility 2022 in San Mateo, California on May 18-19. It’s your chance to meet, mingle and network with mobility’s movers, shakers, shippers and…
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports. Global spending across iOS,…
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports. Global spending across iOS,…
