The fast-growing Indian hospitality business Oyo has garnered a valuation of $10 billion after its founder, Ritesh Agarwal, purchased $2 billion in shares from venture capital firms Sequoia Capital and Lightspeed Venture Partners, the company announced Friday. Agarwal, 25, founded Oyo in 2013 at the age of 19. Following immense growth of the now global…
Contract management isn’t exactly an exciting subject, but it’s a real pain point for many companies. It also lends itself to automation, thanks to recent advances in machine learning and natural language processing. It’s no surprise then, that we see renewed interest in this space and that investors are putting more money into it. Earlier…
SpaceX is providing a closer look at some of its Crew Dragon parachute recovery system testing, with a new video compiling footage of a number of tests, including those flown from a cargo plane and a high-altitude balloon. The video shows a test version of their Crew Dragon capsule falling through the sky over desert…
As Assembly Bill 5 makes its way through the California state legislature, Uber and Lyft drivers are voicing their demands for better pay, basic workplace protections and the right to organize through unions. Tomorrow, Lyft and Uber drivers will convene outside Uber’s San Francisco headquarters to make their voices heard. As established in Dynamex Operations…
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Netflix reports net subscriber loss in the US, misses global subscriber growth predictions Netflix’s price hikes might finally be convincing some…
b8ta, the retail as a service startup that has partnered with the likes of Google and Macy’s, is getting into the kids’ toys space. As part of a new joint venture with Tru Kids Brands, which owns Toys “R” Us, b8ta will bring its expertise in experiential retail to the iconic children’s toy store. Both…
Fintech startup N26 is raising $170 million a few months after raising $300 million. While it’s technically structured as a new round, the company considers today’s new funding as an extension of the Series D round. N26 has only reached out to existing investors. All the investors in the Series D round are investing again,…
Coinbase is taking advantage of its significant user base to give you more information about trading behavior and price correlation. Given that there are now 15 cryptocurrencies on Coinbase that you can trade, the new features should provide some signals. In addition to price and variation information, you can see what Coinbase customers with large…
Ahead of World Emoji Day on Wednesday, July 17, Apple and Google announced plans to bring an expanded set of emoji to their respective platforms. Today, the Unicode Consortium, the nonprofit organization responsible for determining which emoji get the greenlight, is relaunching its website with an updated, modern design that aims to make its information…
Startup founders typically face a management challenge. They often began their careers in technical engineering jobs, and are thrust into the CEO role when starting a company. Sometimes it makes sense to bring in a more experienced executive to guide a fast-growing startup, and that is what Snyk announced it’s doing today, shifting founder/CEO Guy…
