Indian conglomerate Reliance Industries is acquiring 87.6% stake in Fynd, a seven-year-old Mumbai-based startup that connects brick and mortar retailers with online stores and consumers, for 2.95 billion Indian rupees ($42.33 million), the two said in a brief statement late Saturday. Fynd, which was founded in 2012, helps offline retailers sell their products to consumers…
Cryptocurrency fans who were hoping to use Apple’s forthcoming credit card to splash on coin are out of luck. You also won’t be able to use the Apple Card to buy lottery tickets, casino gambling chips in any form, physical or virtual, or foreign currency or travelers checks. Reuters spotted the detail in a customer…
For the first time in more than half a decade, Facebook wants to inform you that it owns Instagram, the hyper-popular rival social networking app it acquired for a $1BN steal back in 2012. Ditto messaging platform WhatsApp — which Mark Zuckerberg splurged $19BN on a couple of years later to keep feeding eyeballs into…
Samsung’s never been particularly good at keeping things under wraps. That’s no doubt, at least in part, by design. The company loves priming the rumor pump ahead of product announcements, and like clockwork, we’ve already seen plenty of what we expect is planned for next Wednesday’s Unpacked event in Brooklyn. Earlier this week, Samsung announced…
Northrop Grumman is going to be working on the U.S. Army’s long-planned drone-killing lasers. The Army wants to mount 50 kilowatt laser systems on top of its General Dynamics-designed Stryker vehicle as part of its U.S. Army Maneuver Short Range Air Defense (M-SHORAD) directed energy prototyping initiative. Basically, the army wants to use these lasers…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate and Alex were back to dig through a surprising number of fresh rounds and new funds along with a little breaking news. The traditional VC summer is nowhere to be seen in 2019, so expect…
in July, French television company Canal+ acquired the ROK film studio from VOD company IROKOtv. Canal+ would not disclose the acquisition price, but confirmed there was a cash component of the deal. Founded by Jason Njoku in 2010 — and backed by $45 million in VC — IROKOtv boasts the world’s largest online catalog of Nollywood: a Nigerian movie…
Six years of tracking a special class of star have yielded a new and improved 3D model of our galaxy, based on direct observation rather than theoretical frameworks. And although no one ever really thought the Milky Way was flat flat, the curves at its edges have now been characterized in better detail than ever…
Chris Vickery Contributor Chris Vickery is Director of Cyber Risk Research at UpGuard. His research has protected over 2.5 billion private consumer and account records. The recently reported Capital One data breach has once again turned the technology world’s attention to cloud security. A lot of speculation is all that the industry can surmise about…
Smartphone sales have continued their global decline. New numbers from Gartner forecast a drop of 2.5 percent down to 1.5 billion. The biggest hits to the industry are Japan, Western Europe and North America, which saw drops of 6.5, 5.3 and 4.4 percent, respectively. It’s all part of a continued trend we’ve highlighted several times…
