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Byju’s expects minimal or no fine from India’s forex rule violation allegation

Byju’s said on Wednesday that recent accusations by India’s crime-fighting agency regarding a breach of the nation’s foreign exchange rule are “solely technical” in natur

Hacker claims theft of Shadowfax users’ information

A hacker claims to be selling millions of user records relating to Indian startup Shadowfax, which offers logistics services to e-commerce and hyperlocal platforms across the country. The pseudonymous

Squint peers at $13M led by Sequoia for AR aimed at B2B to interact with physical objects

Apple’s and Google’s move into smart augmented reality several years ago, creating ways for people to use their smartphone cameras to identify everyday objects to interact with them, put t

British Library confirms customer data was stolen by hackers, with outage expected to last ‘months’

The British Library has told customers that their personal data may have been stolen during a recent ransomware attack that knocked the library’s systems and website offline for the past month.

Pinterest begins testing a ‘body type ranges’ tool to make searches more inclusive

Pinterest is today expanding on its efforts to make its product more inclusive with respect to body type diversity with the test of a new consumer-facing tool that allows users to filter select search

GM to slash spending at Cruise by ‘hundreds of millions of dollars’

GM Chair and CEO Mary Barra reiterated Wednesday plans for Cruise to be more “deliberate” when operations eventually resume at the troubled self-driving vehicle subsidiary. For GM, that wi

Why these investors think saving the trees isn’t just for protesters anymore

A fresh crop of startups has emerged to combat deforestation and climate change, and a handful investors have embraced the challenge along with them.

Relativity Space CEO: Building a backlog isn’t “worthless,” it’s the path to product market fit

Relativity Space CEO Tim Ellis is hitting back against recent comments from fellow aerospace exec Peter Beck, who called launch contracts for un-flown rockets “basically worthless” earlier this mo

DuploCloud lands $32M infusion to make provisioning cloud apps easier

It’s only appropriate that, during AWS’ biggest week of the year, a cloud-based software-as-a-service startup closed a sizeable funding round. DuploCloud, which sells a set of tools to mak

Acctual raises $3.85M to help crypto companies better manage their bills

Acctual has raised $3.85 million in seed funding at a $15 million post-money valuation to help crypto startups manage their money, the company’s co-founder and CEO Atikh Bana exclusively told TechCr

Tola Capital, investing in AI-enabled enterprise software, closes largest fund at $230M

Tola Capital III will invest 25 to 30 companies globally and write average check sizes of between $1 million to $4 million for seed-stage companies.

Okta admits hackers accessed data on all customers during recent breach

U.S. access and identity management giant Okta says hackers stole data about all of its customers during a recent breach of its support systems, despite previously stating that only a fraction of cust

Spotify Wrapped 2023 adds an AI DJ and Blend to the annual personalized insights

Spotify’s anticipated year-end review, Spotify Wrapped, has arrived today with several new features in store — including an analysis of your listening habits called “Me in 2023,&#822

Type is a barebone command bar note-taking app for Mac

Developers are always finding a way to make note-taking simple and quick. Techstars-backed Stashpad built a ‘DM-to-self’ interface for developers to let them take notes rapidly and organiz

Layla taps into AI and creator content to build a travel recommendation app

Many companies are trying to use AI chatbots (beyond ChatGPT) in different industries — especially in the consumer sector. Berlin-based startup Layla is banking on this trend to build an eponymous c

Prosus slashes valuation of India’s Byju’s below $3 billion

Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit just early last year

Immensa, a MENA-based additive manufacturing and digital inventory platform, raises $20 million 

The global energy spare parts market is valued at over $90 billion, with the Middle East representing about 35% of this sector. This sector remains largely untapped by existing additive manufacturing

South African startup GoMetro gets £9M for its fleet management optimization software

GoMetro, a South African tech company that operates in the fleet management space, has raised £9 million (~$11.4 million) in a Series A funding round led by Zenobē Energy, a strategic investor renow

FEBE Ventures launches $75 million second fund

FEBE Ventures’ name stands for “For Entrepreneurs By Entrepreneurs,” and true to form, it is continuing to support seed-stage startups with the launch of its second fund. Targeting $75 million,

London’s iconic black cabs can soon be hailed on Uber

Uber has secured another win over the struggling taxi industry. Soon, riders in London will be able to hail an iconic black cab in the city. London cabbies can now start signing up for Uber trip refer
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