Byju’s says its recently launched $200 million rights issue has been fully-subscribed, but the startup’s founder urged some of its major investors to participate amid a rift between the edtech group and some of its largest shareholders. The Bengaluru-headquartered startup, valued at $22 billion in its last financing round in early 2022, announced last month […]
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It’s 2024. All smartwatches should offer multiple days of battery life, full stop. As things stand now, there’s a jaw-droppingly wide range across the devices. I would go so far as to say that limited battery has been — and continues to be — the single biggest issue with the Apple Watch. The Series 9 […]
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The House of Representatives has founded a Task Force on artificial intelligence that will “ensure America continues leading in this strategic area,” as Speaker Mike Johnson put it. But the announcement feels more like a punt after years of indecision that show no sign of ending. In a way this task force — chaired by […]
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Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by Shan-Lyn Ma, the co-founder and CEO of Zola, an online platform for wedding planning and gift registries. Ma talked about why she decided to launch the business after trying to buy a gift for a […]
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Walmart-backed PhonePe is set to launch its Android app store this week with zero commission for in-app purchases for developers. The app store is based on Indus OS’ tech, a company that PhonePe acquired in 2021. In this story, we are going to take a look at why developers are pushing for an alternative store […]
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FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch. The move signals FairMoney’s interest in growing its customer base by expanding into more […]
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A coalition of international law enforcement agencies, including the FBI and the U.K.’s National Crime Agency, have disrupted the operations of the prolific LockBit ransomware gang. LockBit’s dark-web leak site — where the group publicly lists its victims and threatens to leak their stolen data unless a ransom demand is paid — was replaced with […]
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If you’ve ever traveled in rural areas in France, you may have realized a French peculiarity. Even in the seemingly less populated towns, there’s a hair salon. French startup Planity has been taking advantage of France’s love affair with hair salons to launch a SaaS product for these businesses in particular. Over time, the company […]
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In a role reversal, Xalts, a Singapore fintech startup founded 18 months ago, has acquired Contour Network, a digital trade platform set up by eight major banks including HSBC, Standard Chartered and BNP. Terms of the deal were undisclosed, but the acquisition price was in the high single millions and composed of cash and stock. […]
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TechTaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $9.5 million (12.6 billion KRW) in a Series B round of funding from a sole investor, Altos Ventures. The outfit helps e-commerce sellers manage the supply chain, from warehousing, order packing and shipping, so that TechTaka users […]
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The European Union is formally investigating TikTok’s compliance with the bloc’s Digital Services Act (DSA), the Commission has announced. Areas the Commission are focusing on in this investigation of TikTok are linked to the protection of minors, advertising transparency, data access for researchers, and the risk management of addictive design and harmful content, in said […]
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