• 9
    Feb

    Tesla’s Bitcoin investment could be bad for the company’s climate reputation and its bottom line

    Tesla’s $1.5 billion investment in Bitcoin may be good for Elon Musk, but it’s definitely risky for the company that made him the world’s richest man, according to investors, analysts and money managers at some of the country’s largest banks. As a standard bearer for the consumer electric vehicle industry and the broader climate tech movement rallying around it, Tesla’s bet to ...
  • 2
    Feb

    Oyster snaps up $20M for its HR platform aimed at distributed workforces

    The growth of remote working and managing workforces that are distributed well beyond the confines of a centralized physical office — or even a single country — have put a spotlight on the human resources technology that organizations use to help manage those people. Today, one of the HR startups that’s been seeing a surge of growth is announcing a ...
  • 21
    Jan

    Accounting automation startup Georges raises $42.4 million and rebrands to Indy

    French startup Georges — or Georges.tech — is raising a new round of funding of $42.4 million (€35 million). The company is also getting a new name and will be called Indy going forward. The startup has been building an accounting automation application for freelancers and small companies. Singular is leading today’s funding round. You might not be familiar with Singular, but ...
  • 18
    Jan

    Flipkart doubles down on rewards program, partners with 5,000 retail outlets in India

    Flipkart on Monday launched SuperCoin Pay that its customers will be able to use across thousands of retail stores across the country as Walmart-owned e-commerce giant bets on its loyalty program to win and sustain its user base in the world’s second largest internet market. The Bangalore-headquartered e-commerce giant said it had partnered with over 5,000 retail outlets including TimesPoints, ...
  • 11
    Jan

    Holographic startup Envisics partners with Panasonic to fast-track in-car AR tech

    Envisions founder and CEO Dr. Jamieson Christmas launched the startup three years ago to “revolutionize” the in-car experience with its holographic technology. Now, it has a partner that could help it achieve that mission. The U.K.-based holographic technology startup said Friday it reached an agreement with Panasonic  Automotive Systems to jointly develop and commercialize a new generation of head-up displays for cars, trucks and SUVs. ...
  • 7
    Jan

    Mambu raises $122M at a $2B+ valuation for a SaaS platform that powers banking services

    Challenger banks, incumbent banks, and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching a new product like a credit line or a deposit or current account, these days many of them are opting not to build from the ground up, but are instead ...
  • 5
    Jan

    Alibaba shuts down 12-year-old music streaming app Xiami

    Using Xiami was once synonymous with having good music taste in China. The music app, which debuted around 2008 and was acquired by Alibaba in 2013, is discontinuing its streaming service today, Xiami said in a notice to users. Xiami, which means “smalll shrimp” in Chinese, was once known for its smart discovery, elegant design, social features and support for indie musicians which ...
  • 4
    Jan

    Known for 5G mmWave testing solutions, Taiwan’s TMYTEK sets its sights on base stations

    TMYTEK recently raised a Series A+ round of about $10 million for products that make it easier to test 5G millimeter wave equipment. So far, the company’s clients include KDDI, NTT DoCoMo and research institutions. But the Taiwanese startup has aspirations to sell its own base stations, too, competing with well-established players like Nokia, Ericsson, Samsung and Huawei. TMYTEK plans to ...
  • 4
    Jan

    India’s CRED raises $81 million, buys back shares worth $1.2 million from employees

    Bangalore-based CRED is kickstarting the new year on a high note. The two-year-old startup, led by high-profile entrepreneur Kunal Shah,  said on Monday it has raised $81 million in a new financing round and bought shares worth $1.2 million (about 90 million Indian rupees) from employees. The Series C financing round was led by DST Global. Existing investors Sequoia Capital, Ribbit Capital, Tiger Global, ...
  • 1
    Jan

    Sony to launch PlayStation 5 in India on February 2

    Sony Said on Friday that it will launch the PlayStation 5 in India on February 2, suggesting improvements in the supply chain network that was severely impacted last year because of the coronavirus pandemic. The Japanese firm said it will begin taking pre-order requests for the new gaming console in India, the world’s second largest internet market, on January 12. The ...