Tiger Global believes India is likely to produce the highest equity returns globally, its partner Scott Shleifer said on an investor call Tuesday, even as he admitted the investor giant has made way more money in China and the U.S. “We think it will be the best place to invest,” said Shleifer of India. “We…
Superstrata’s e-bike is a strange specimen — there’s no two ways about it. In some ways that makes sense; the bike’s concept, borne out in seamless 3D-printed carbon fiber, springs from an equally strange premise. We’ll get into that. Talking to Sonny Vu, founder of Superstrata’s parent company Arevo, the bikes were crafted not out…
Meta is starting to test closed spaces called “members-only worlds” in Horizon Worlds, its social VR experience. The company has begun a limited alpha test to give creators the ability to grow and moderate their own communities. Meta has selected a small group of creators to build and obtain feedback about members-only worlds. In a…
When you live very far away from a grocery store, we’re talking like an hour and may include catching several buses or a rideshare, it can be difficult to make the weekly trip in. Enter Diferente, which touts itself as “the largest subscription foodtech for fresh organic produce in Brazil.” Former James Delivery founder Eduardo…
Baidu, China’s top search engine provider and robotaxi developer, is apparently working on its own counterpart to ChatGPT. The news, first reported by Bloomberg and The Wall Street Journal, sent Baidu’s stock price rising on Monday to reach its highest point since September. A spokesperson for Baidu declined to comment on the reports. But it…
Taiwanese automotive conglomerate Hotai Motor exposed reams of personal customer data from its car rental and carshare unit, iRent, until a security researcher found the data online last week. Even then, it took the company a week — and the intervention of the Taiwanese government — to act. Hotai Motor is one of the largest…
A new app called Rewind wants to make it easier for music fans to explore the top songs of decades past. Hoping to cater to consumer demand for nostalgic music experiences, Rewind allows users to “time travel” through the music charts from 1960 through 2010 to learn about how older songs have influenced today’s hits.…
Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. About one-third of the purchase price is payable over a two-year period subject to certain undisclosed conditions. And, if one undisclosed milestone in particular is met within the next…
PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered generated in the 12-month financial year period ending in March last year. PhonePe, which is valued…
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