Jumbotail, an online wholesale marketplace for grocery and food items, said on Friday it has raised an additional $14.2 million as the Bangalore-based startup chases the opportunity to digitize neighborhood stores in the world’s second-largest internet market. The five-year-old startup said the new tranche of its Series B financing round was led by VII Ventures, […]
General Motors has changed its logo, refreshed its website and kicked off a new “Everybody In” marketing campaign as part of a broader effort to illustrate the company’s transformation to a modern, fast-moving and inclusive organization that is serious about accelerating the adoption of electric vehicles. The changes were unveiled Friday as part of GM’s […]
Tesla has started taking orders for a cheaper standard-range version of the Model Y in an apparent reversal by CEO Elon Musk who earlier this year seemed to put on hold plans to release the vehicle. Electrek was the first to report that Tesla had updated its website to include the Model Y standard range, […]
Taiwan is known for being a tech powerhouse, the headquarter of companies like Foxconn, Pegatron, TSMC, Acer and Asus. But while Taiwan’s tech industry is defined by well-established players, it is also home to a growing startup scene. Ahead of the official start of CES, the Taiwan Excellence awards were announced by nonprofit trade promotion group […]
The Roblox direct listing will lay down some groundwork for new conventional wisdom when it comes to pricing public listings and which methods are good to use.
Quibi is dead, but its shows will live on. The Wall Street Journal reported last week that Roku was in talks to acquire the short-form video service’s content. And this morning, Roku announced that it has indeed reached a deal for the exclusive distribution rights to all of Quibi’s programs. Financial terms of the acquisition […]
Zack Parisa and Max Nova, the co-founders of the carbon offset company SilviaTerra, have spent the last decade working on a way to democratize access to revenue-generating carbon offsets. As forestry credits become a big, booming business on the back of multibillion-dollar commitments from some of the world’s biggest companies to decarbonize their businesses, the […]
Google’s plan to end support for third-party cookies in the Chrome browser and its Chromium engine is under investigation by the U.K.’s Competition and Markets Authority (CMA). The antitrust regulator said today that it’s launched a probe under Chapter II of the U.K.’s Competition Act 1998 into “suspected breaches of competition law by Google”. The move […]
Former U.S. cybersecurity official Chris Krebs and former Facebook chief security officer Alex Stamos have founded a new cybersecurity consultancy firm, which already has its first client: SolarWinds . The two have been hired as consultants to help the Texas-based software maker recover from a devastating breach by suspected Russian hackers, which used the company’s […]
Madrid-based Jobandtalent, a digital temp staffing agency that operates a dual-sided platform that connects temp workers with employers needing regular casual labor in sectors like transport and logistics, has added €88 million (~$108 million) to its Series C — bringing the total raised following an earlier (2019) closing of the round to €166 million. The […]
Hyundai Motor Company is downplaying reports that it is in talks with Apple to produce an autonomous electric vehicle, stating that discussions are still in the “early stage” and still undecided. But the news of a potential tie-up (however tentative) with Apple, which is known for keeping a tight lid on deals before they are […]
It’s no secret that Tencent, the Chinese tech giant behind WeChat and a handful of blockbuster video games, is an aggressive investor. Even during 2020 when the pandemic slowed down economic activity in many parts of the world, Tencent was charging ahead with its investment ambitions. During the year, the company participated in more than […]
It’s been a long couple of days for the country, but President Trump only had to wait 12 hours before returning to his social network of choice. In an uncharacteristically scripted three minute speech, the president denounced the “heinous attack” on the Capitol. “The demonstrators who infiltrated the Capitol have defiled the seat of American […]
If, as I suspect many of you have, you have worked your way through baking every type of cookie, bread and cake under the sun over the last year, Google has a surprise for you: a pair of AI-generated hybrid treats, the “breakie” and the “cakie.” The origin of these new items seems to have […]
For obvious reasons, Trump doesn’t have a TikTok account. But the president’s speeches that helped incite the mob who yesterday stormed the U.S. Capitol will have no home on TikTok’s platform. The company confirmed to TechCrunch its content policy around the Capitol riots will see it removing videos of Trump’s speeches to supporters. It will […]
Venture funds have been springing up everywhere in recent years. But a decade ago, it was far more difficult to build a new venture brand far away from a tech hub like Silicon Valley, New York, or Boston. One firm that has pulled if off is Ludlow Ventures, an 11-year-old, Detroit-based seed-stage venture firm that’s […]
Applications networking company F5 announced today that it is acquiring Volterra, a multi-cloud management startup, for $500 million. That breaks down to $440 million in cash and $60 million in deferred and unvested incentive compensation. Volterra emerged in 2019 with a $50 million investment from multiple sources, including Khosla Ventures and Mayfield, along with strategic […]
Online platforms take action against President Trump, Lenovo tries out a swiveling screen and Roblox raises $250 million. This is your Daily Crunch for January 7, 2021. The big story: Facebook bans Trump for two weeks After a pro-Trump mob stormed the U.S. Capitol yesterday, a number of online platforms moved to suspend accounts connected […]
