VerSe Innovation, the parent firm of news aggregator app Dailyhunt, has acquired the popular digital newsstand firm Magzter, the two said Thursday. The Bengaluru-headquartered startup has fully acquired Magzter, a New York-headquartered firm that counted Singapore Press Holdings among its backers. VerSe didn’t disclose the financial terms of the deal. The acquisition of Magzter, which…
Humane AI raised more than $230 million before it even shipped a product. And when it finally released its Ai Pin – which costs $699 plus a $24 monthly subscription – pretty much every tech reviewer came to the same disappointing realization: this much-hyped product, which promises to disrupt the smartphone’s dominance, is not very…
Inversion Space is aptly named. The three-year-old startup’s primary concern is not getting things to space, but bringing them back — transforming the ultimate high ground into “a transportation layer for Earth.” The company’s plan — ultra-fast, on-demand deliveries to anywhere on Earth — sounds like pie in the sky, but it’s the sort of…
The National Payments Corporation of India (NPCI), the governing body overseeing the country’s widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various fintech startups this month to develop a strategy to address the growing market dominance of PhonePe and Google Pay in the UPI ecosystem. NPCI executives plan to…
Former senior SpaceX executive Tom Ochinero is teaming up with SpaceX alum-turned-VC Achal Upadhyaya and one of Sequoia’s top finance leaders, Spencer Hemphill, on a new venture called Interlagos Capital, TechCrunch has learned. There is little public information available about Interlagos, and the trio did not respond to TechCrunch’s request for comment. The company was…
The round could total $870M, including $670M worth of secondary Late stage HRtech startup Rippling is raising new capital. The company’s new round, that has not yet closed, would inject $200 million into Rippling with another $670 million worth of shares being sold by existing stockholders, according to two people familiar with the deal. This…
Hotel chain giant Omni Hotels & Resorts has confirmed cybercriminals stole the personal information of its customers in an apparent ransomware attack last month. In an update on its website posted on Sunday, Omni said the stolen data includes customer names, email addresses, and postal addresses, as well as guest loyalty program information. The company…
Berlin-based finmid — one of the many startups building embedded fintech solutions, in its case targeting marketplaces that want to provide their own payment and financing options — has raised €23 million ($24.7 million) in a Series A round to further build out its product and enter new markets. The round values the company at…
Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings.…
Meta continues to field criticism over how it handles younger consumers using its platforms, but the company is also planning new products that will cater to them. On Monday, the company announced that later this year it will be launching a new education product for Quest to position its VR headset as a go-to device…
