Roku today is introducing the latest version of its streaming TV software, Roku OS 11 — an update that, this time, focuses on adding more personalization to the Roku platform, in addition to the typical usability and performance improvements included with these releases. One of the key new features arriving with the latest OS is…
Validus, a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book. Nikhilesh Goel, co-founder and CEO of Validus, told TechCrunch that Validus expects to create synergies with the loan portfolio of CitiBusiness, Citi…
Scaling an autonomous vehicle or EV startup often requires eye-popping amounts of capital that only hedge funds, strategic venture arms and institutional investors have the appetite and funds for. In the past two years, those capital needs have prompted dozens of mobility startups to turn to either public markets or deep-pocketed hedge funds and venture…
Apple has been fined again in the Netherlands over an antitrust order related to dating apps. The order requires it to allow local dating apps to be able to use third-party payment technologies if their developers wish, rather than being locked to only being able to use Apple’s in-app payment API for iOS. Since January,…
Corporate management startup Ramp confirmed that it has secured $550 million in debt and $200 million in equity in a new financing that doubles its valuation to $8.1 billion. In early February, The Information reported on the then-unconfirmed raise and new valuation. The approaching decacorn valuation is quite remarkable given that less than one year…
Sequoia has over the years made a name for itself for its early-stage bets on younger companies, many of which (Apple, Klarna and WhatsApp, to name a few) have gone on to become tech giants. Now, as competition heats up among investors to work with the most promising startups earlier, and the field of the…
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Mukesh Ambani-controlled Reliance Retail said on Sunday evening it is acquiring a majority stake of 89% in direct-to-consumer brand Clovia for $125 million as the largest Indian retail chain looks to expand its footprints in the apparel and innerwear categories. Eight-year-old Clovia, which operates a “bridge-to-premium D2C brand” and sells over 3,500 products across innerwear…
Russia is seeing an exodus of entrepreneurs, computer programmers, as well as other educated middle-class citizens as Western sanctions and political instability make it impossible to run an international business in the country. Russia’s invasion of Ukraine has forced millions to flee their homes fearing for their lives. But the war is also leading to…
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. As I hear about more startups struggling amid shifting market conditions, the great resignation and the general inflection point that begins once a company hits growth stage, it’s worth addressing an elephant…
