Velocity, a revenue-based financing platform in India, raises $20 million led by Peter Thiel’s Valar Ventures – TechCrunch

Peter Thiel’s Valar Ventures has doubled down its bet on Velocity, which operates a revenue-based financing platform for e-commerce and direct-to-consumer businesses in India, just months after it first backed the Bangalore-based startup. The one-and-half-year-old Velocity said on Wednesday it has raised $20 million in its Series A financing round. Valar Ventures, which led Velocity’s…

Pinterest launches TwoTwenty, its own in-house incubator for new projects – TechCrunch

Pinterest today announced a new initiative designed to help the company increase its pace of innovation. The company is introducing an in-house, experimental products team it’s called TwoTwenty — named after the address of Pinterest’s first office. The team is comprised of engineers, designers, and other product experts who will research, prototype and test new…