Lime, the startup with shared e-scooters and e-bikes in 280 cities around the world, has been talking about going public for years. Now, Lime CEO Wayne Ting says the economic stars are finally aligning to actually make it happen. The public markets have been in the doldrums for nearly two years amid higher inflation, rising […]
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In a blow to the autonomous trucking industry, the California Senate passed a bill Monday that requires a trained human safety operator to be present any time a self-driving, heavy-duty vehicle operates on public roads in the state. In effect, the bill bans driverless AV trucks. AB 316, which passed the senate floor with 36 […]
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Indian consumers, traditionally seen as price-conscious, are showing a growing appetite for premium items across a range of sectors, from real estate to smartphones and luxury hotels. The trend, documented by AllianceBernstein analysts in a note to clients this week, signals a shift in the spending habits in the world’s most populated nation that has […]
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FunNow, the Taiwan-based app that lets users book activities on-demand in five Asian countries, is growing its reach in Southeast Asia through a merger with restaurant booking app Eatigo. Terms of the deal were undisclosed, but FunNow CEO TK Chen says it is the largest post-COVID O2O M&A deal in Southeast Asia. As part of […]
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In this issue: Musk says Starship is "ready to launch," FAA says not yet; news from SpaceX; and more
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Satellites have come into focus as a critical way — and sometimes the only way — to deliver communications and receive data about certain locations around the world, a power position that can be heroic but also ripe for abuse, and that’s before considering how their presence contributes to the growing problem of space debris. […]
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India will explore the possibility of allowing local firms to list on the London Stock Exchange, ministers from both the nations said Monday, in a move that could allow firms in the South Asian nation to gain access to foreign capital for growth. Outside of New York Stock Exchange and Nasdaq, the London Stock Exchange […]
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Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and non-banking financial institutions, has raised $229 million in a new funding round as it looks deepen its expansion in North America and Europe. The 15-year-old startup’s Series D funding was led by private equity firm Kedaara Capital. The new funding included some […]
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Coinbase plans to cease all exchange services for users in India, it has warned some customers in email, over a year after the company’s debut in the South Asian market faced regulatory challenges. The global crypto exchange is warning customers that it will be discontinuing services for them after September 25 and advising them to […]
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Like many of us, iRobot has a long-standing love-hate relationship with the mop. The first Scooba system became widely available in 2010. Ultimately, however, mopping up and filling a tank with dirty water proved inefficient, and the line was eventually phased out. The new line was ultimately Braava, which arrived as part of its 2012 […]
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Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. This week was packed with news, including in the world of startups — our favorite arena. Before we jump in, let me direct your attention to Friday’s Equity Podcast […]
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Parker Conrad may be best known as the founder of both Zenefits and Rippling, but he is also arguably the best-known founder to have gone through Y Combinator’s accelerator program twice. Of course, he’s not the only one to go through the program twice; some founders have even gone through three times. Y Combinator has […]
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LexisNexis has always been a go-to source for lawyers, but the company is adding AI to make it easier to draft briefs and do research
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Welcome back to the Interchange! While we would love for all startups to succeed, the reality is that the vast majority fail. It’s not something that people often talk about, because quite frankly, it can be a downer topic. But failure is a part of life, and many founders who don’t succeed once do try, […]
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