One of America’s largest banks has just poured some money to help millions of Indians without a credit score secure loans and make purchases online for the first time in their lives. Bangalore-based ZestMoney announced today that it has raised $15 million from Goldman Sachs and existing investors Naspers Fintech, Quona Capital, and Omidyar Network. Lizzie…
Blaming the “volatile state of the global mobility landscape” and rising infrastructure costs, Share Now, the car sharing service owned by Daimler and BMW, has announced that it is pulling out of North America as of February 29, 2020. On the same date — citing “low adoption rates” — Share Now will also cease operating…
Four months after the news broke that veteran VCs Theresia Gouw and Jennifer Fonstad were going separate ways after forming their own venture firm in 2014, Gouw says her new firm, aCrew Capital, has closed its debut fund with an impressive $250 million in capital commitments. The firm, with offices in both San Francisco and…
One of India’s biggest tech startups is no longer losing money. Education tech startup Byju’s on Tuesday posted a net profit of $2.8 million on revenue of $188.8 million in the financial year that ended in March this year. During the same period, Byju’s revenue increased to $208 million, from $73.2 million a year ago.…
Joe Procopio is a multi-exit, multi-failure entrepreneur. Joe is currently building Spiffy, and previously sold Automated Insights, sold ExitEvent and built Intrepid Media. More posts by this contributor Here’s what happens when you decide to sell your startup When to ditch that nightmare customer (before they kill your startup) No matter what your startup sells…
Anyone who wants to eat a meatless burger has plenty of options — but what if you want to be a little healthier? Daring Foods will soon be offering an alternative, in the form of plant-based chicken made from five non-genetically modified ingredients — water, soy, sunflower oil, salt and natural flavoring (a mix of…
Entrepeneur First, the London headquartered “talent investor” and company builder backed by Silicon Valley’s Greylock, is losing long-time employee Matt Wichrowski to a career in venture capital. TechCrunch has learned that Wichrowski, who is currently running EF’s “Launch” programme in Europe and is an angel investor, is joining Berlin-based Fly Ventures where he’ll be giving…
French startup, EfficientIP, a network security and automation specialist, has secured an $11 million Series B investment from Jolt Capital in Paris. The investment will drive international expansion. EfficientIP’s software discovers the DNS issues which are the primary cause of DDoS attacks. These are typically the largest types of attacks. It’s platform is designed to…
Third-party vendors were told by Amazon over the weekend that they are barred from using FedEx’s ground delivery services for Prime shipments. The Wall Street Journal reports that a message sent by Amazon to merchants on Sunday said the ban will last “until the delivery performance of these ship methods improves.” The e-commerce platform will…
Instagram is giving politicians the same free reign to spread misinformation as its parent company Facebook. Instagram is expanding its limited fact checking test in the US from May and will now work with 45 third-party organizations to assess the truthfulness of photo and video content on its app. Material rated as false will be hidden…
