Monday, October 9, 2023

Indian banks attract VC and startup interest

Several Indian startups, along with venture capital funds and private equity investors, are scrambling to build investment strategies as they race to tap into a rare available opportunity in the nation: banks. Premji Invest, Multiples, Zerodha, Gaja Capital and MobiKwik are among those who are evaluating an investment in Nainital Bank, a subsidiary of Bank […]

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Saronic, a defense startup building autonomous ships, raises $55M

Saronic, a startup developing autonomous ships for defense, has raised $55 million in a Series A round led by Caffeinated Capital with participation from 8VC, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, Cubit Capital and the U.S. Innovative Technology Fund. Saronic CEO Dino Mavrookas, a former Navy SEAL, launched […]

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Ultra-portable monitor from Espresso Displays goes 4K

When I reviewed the Espresso Display last year, I concluded that it would be a great addition to a mobile office setup for workers who needed additional screen real estate without taking up too much space (and weight) in the travel setup. Now, Sydney-based Espresso Displays has launched its follow-up, the Espresso 17 Pro, further […]

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Consumer payments startup Braid, backed by Index and Accel, shuts down

Braid, a four-year-old startup that aimed to make shared wallets more mainstream among consumers, has shut down. Founded in January 2019 by Amanda Peyton and Todd Berman (who left in 2020), San Francisco-based Braid set out to offer friends and family an FDIC-insured, multi-user account that was designed to make it easy “to pool, manage […]

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Michigan’s Grand Ventures announces $50m early stage fund

Grand Ventures today announced its second fund to invest in early-stage companies. The Grand Rapids, MI firm tells TechCrunch that it aims to lead seed stage investments in startups solving problems facing the fintech, DevOps, and supply chain sectors. The $50m Fund II is managed by General Partners Tim Streit, Camila Noordeloos, and Nathan Owen. […]

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A green hydrogen unicorn is born, more problems for Cruise and inside aviation’s buzzy startup summit

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free.  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. […]

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Accel leads $21M investment in UK care home marketplace Lottie

The U.K. care home sector was pegged as £7.7 billion market in 2021, according to most recent estimates, yet capacity is shrinking at a time when the average age of the general population continues to grow. Throw into the mix a lack of transparency over pricing and service availability, and it’s clear that families looking […]

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Sunday, October 8, 2023

World Bank’s IFC backs Indian insurtech startup Onsurity in $24M funding

Onsurity, an Indian startup that offers monthly subscription-based insurance solutions to micro, small and medium enterprises, startups and growing businesses, has raised $24 million in a funding round led by the World Bank’s International Finance Corporation (IFC). The Series B round also saw the participation from existing investors Nexus Venture Partners and Quona Capital. With […]

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European Digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers

Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral Group in a transaction that didn’t include its German or Spanish operations. Getsafe is now present in four countries since its expansion into France. Luko’s own […]

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Tech group calls India’s proposed guidelines against dark patterns ‘regulatory overlap’

An industry group representing several major U.S. tech companies has opposed the Indian government’s proposal against dark patterns, which are used to deceive online users, and said the move would adversely affect the state promise of enabling “ease of doing business” in the economy and bring “regulatory overlap” with existing laws. New Delhi released the […]

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Waymo-Zeekr robotaxi poised for US testing by end of 2023

Nearly two years after Waymo and Geely struck a deal to develop robotaxis for the U.S. market, we are seeing concrete progress in the collaboration. According to a job post posted on LinkedIn, Zeekr, the young electric car brand started by Chinese auto giant Geely, is hiring a logistics manager in the U.S. A spokesperson for […]

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