Walmart-backed Indian payments services firm PhonePe is in advanced stages of talks to acquire Samsung-backed Indus OS, a startup that operates an eponymous third-party Android app store, a source familiar with the matter told TechCrunch. The deal values Noida-headquartered Indus OS at $60 million, the source said, requesting anonymity as the matter is private. The…
In the early days of social media, all things seemed possible. Twitter was this weird reboot of blogs, with a social layer atop an RSS feed that gave authority to last in/first out musings by providing data not just about read or unread but shared by who. You could take that authority data and rank…
This year’s I/O event from Google was heavy on the “we’re building something cool” and light on the “here’s something you can use or buy tomorrow.” But there were also some interesting surprises from the semi-live event held in and around the company’s Mountain View campus. Read on for all the interesting bits. Android 12…
Alek Koenig spent four years at Affirm, where he was head of credit. There he saw firsthand just how powerful the alternative lending model could be. Koenig realized that it wasn’t just consumers who could benefit from the model, but businesses too. So in November 2019, he founded Settle as a way to give e-commerce…
“Order and pay” platform for bars and restaurants Ordr has raised a €10m ($12M) Series A round from Idekapital and OpenOcean. Launched in Norway in 2020 it now counts IKEA, Nordic Choice, REKOM and Color Line as customers. The company is now launching in Sweden, Finland, Denmark and the United Kingdom. Ordr’s competitors include FlipDish,…
BukuKas co-founders Krishnan Menon (left) and Lorenzo Peracchione (right) with a BukuKas user BukuKas, a startup focused on digitizing Indonesia’s small businesses, has raised $50 million in Series B funding. The round included participation from Gokul Rajaram, the DoorDash executive, and Taavet Hinrikus, co-founder and chief executive officer of TransferWise. This news comes just four months…
Rob Olson is a partner and head of data strategy at M13, a venture engine focused on investing in the core technologies that are going to drive and change consumer behavior over the next decade. Does it really take an average of seven to eight years for a successful startup to exit? What can early-stage…
From today until midnight on May 18 (PT), we’re offering a free Disrupt Innovator pass (a $99 value) to anyone who purchases an annual or two-year Extra Crunch membership. Grab an annual or two-year Extra Crunch membership here. TechCrunch Disrupt is a three-day virtual event with founders and investors shaping the future of disruptive technology…
After operating in the red for 14 years, JD.com’s logistics subsidiary is getting ready for an initial public offering in Hong Kong. JD Logistics will price its share between HK$39.36 and HK$43.36 apiece, which could see the firm raise up to about HK$26.4 billion or $3.4 billion, according to its new filing. JD.com, Alibaba’s e-commerce…
Pine Labs, a startup that offers merchants payments terminals, invoicing tools and working capital, said on Monday it is raising $285 million in a new financing round as the nearly two-decade-old firm looks to expand its business. Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management financed the new funding round,…
