EduFi, a fintech startup that enables financially strapped students to secure loans for their education, has raised $6.1 million in a pre-seed round led by Zayn VC with participation from Palm Drive Capital, Deem Ventures, Q Business and angel investors. The Singapore-based startup has launched an artificial intelligence-powered study now, pay later (SNPL) lending platform…
According to a leaked memo, Tumblr’s longterm financial woes have reached a breaking point. Aside from a skeleton crew of essential workers in departments like trust and safety, the majority of Tumblr’s 139 workers will be reassigned to other products at parent company Automattic, which employs around 1,900 people. CEO Matt Mullenweg acknowledged the memo…
Mani Doraisamy Contributor Mani Doraisamy is the founder of Neartail. He is a developer-turned-founder and still writes code for a living. Additionally, he serves as a mentor for Google for Startups Accelerator, offering guidance to developers transitioning into founders. Pitch determines your positioning and positioning determines your startup’s success. Naturally, there is a lot of…
Snaptrude — a startup aiming to compete against traditional platforms in the architecture, engineering and construction (AEC) design sector, including Autodesk, Trimble and Nemetschek — with its modern approach and cloud-based offering, has raised $14 million in a Series A round, just 10 months after announcing its seed funding. With Foundamental and Accel leading the…
Bob Iger said Wednesday that Disney “would like to stay” in India and is considering its options in the world’s most populous country even as its crown jewel streamer Hotstar struggles to contain subscribers loss. Hotstar lost 2.8 million subscribers in the quarter ending September, widening its overall loss to about 23 million in a…
Swedish fintech Klarna confirmed that it is taking steps “towards an eventual IPO.” The company has initiated a process for a legal entity restructuring to set up a holding company in the United Kingdom “as an important early step” in its plans for an initial public offering, a Klarna spokesperson told TechCrunch+. The move comes…
GM self-driving car subsidiary Cruise issued a recall for 950 vehicles equipped with its autonomous vehicle software following a crash that left a pedestrian, who had initially been hit by a human-driven car, stuck under and then dragged by one of the company’s robotaxis. The company said in a blog post and it the recall…
Getir, the Turkish instant grocery delivery startup, has made an acquisition to expand its presence in the U.S. and to further its strategy as a consolidator in its category. The company has scooped up FreshDirect, an online grocery delivery service based out of New York. Terms of the deal are not being disclosed, but for…
Zelda fans already got a stellar new game with “Tears of the Kingdom” this year, but Nintendo just dropped another exciting nugget of news: the gaming giant is working on a live-action movie based on the Legend of Zelda franchise. Shigeru Miyamoto, creator of the 37-year-old franchise, announced the news this evening. “I have been…
Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter with results that beat Wall Street expectations and suggested a rosier future, including raising its annual production guidance from 52,000 to 54,000 vehicles. The EV maker reported Tuesday after markets closed revenue of $1.33 billion, a figure driven…
