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NopeaRide, Kenya’s first EV taxi service, shuts down

Kenya’s first fully electric taxi service, NopeaRide, is exiting the market after its parent company EkoRent OY failed to raise additional funding to keep it afloat. NopeaRide said EkoRent Africa,

Deepgram lands new cash to grow its enterprise voice-recognition business

Deepgram, a company developing voice-recognition tech for the enterprise, today raised $47 million in new funding led by Madrona Venture Group with participation from Citi Ventures and Alkeon. An exte

Lyst, the UK fashion marketplace, is laying off 25% of staff

Lyst, the UK fashion e-commerce site that last year raised funding at a $700 million valuation, is the latest tech startup to rein in spending by cutting staff. TechCrunch has learned that the company

UK confirms removal of Online Safety Bill’s ‘legal but harmful’ clause

The UK government has completed a major revision to controversial but populist online safety legislation that’s been in the works for years — and was finally introduced to parliament earli

India to pilot retail digital currency on December 1

India will undertake the first pilot for retail digital currency on December 1, the central bank said Tuesday, extending the test to evaluate the creation and distribution of the e-rupee in the South

It’s maybe a little late to be talking about red flags in venture investing?

Earlier today, renowned VC Bill Gurley put together a list of the many “red flags” that VCs should have paid closer attention to when funding FTX, suggesting in a tweet that this summary o

Apple announces winners of the App Store Awards for 2022

Today, Apple announced its list of App Store award winners for this year along with the top chart for most downloaded apps and games across free and paid categories. These awards include apps for all

CRED acquires CreditVidya

CRED is acquiring CreditVidya, a SaaS startup that helps firms underwrite first-time borrowers, in the latest of a series of investments from the Bengaluru-headquartered fintech as it broadens its inf

Founder factories: Alumni from 344 European and Israeli unicorns have birthed 1,018 startups since 2008

A new report has shone a light on the impact that European and Israeli unicorns have had on the broader technology ecosystem since the global economic crisis 14 years ago. The report, titled Europe an

Locus raises another $117M for its warehouse robots

The last few years have been a major accelerator for the robotics industry at large, but warehouse robotics may be the biggest winner of all. Stay at home orders fueled adoption in the early days of t

Orda raises millions to digitize African restaurants with its cloud-based operating system

Most large restaurant chains across Africa have grown accustomed to using legacy systems and point-of-sale providers to manage operations. However, for smaller restaurants — which represent the

Instafest app lets you create your own festival lineup from Spotify

If your favorite music festival’s lineup didn’t live up to your expectations this year, don’t worry; a new app called Instafest will create a music festival poster for you based on y

Seedstars Capital launches to support new fund managers around the world

The venture market is in the middle of a downturn, but there are still plenty of emerging fund managers. Seedstars announced today it has launched a platform called Seedstars Capital with Swiss-based

AWS makes Lambda cold start latency a thing of the past with SnapStart

At its re:Invent kickoff keynote tonight, AWS announced a small but important update to Lambda, its serverless platform, that tackles one of the most common issues with the service. Typically, when a

Despite ban, Twitter downloads surge in China amid COVID protests

Twitter saw a surge in downloads in China as protests against the country’s stringent COVID restrictions erupted nationwide over the last few days. The social media app ranked 9th amongst all th

AWS launches Graviton3E, its new Arm-based chip for HPC workloads

At its traditional evening keynote at re:Invent, AWS tonight announced quite a bit of new hardware in its cloud, starting with a new version of its Nitro hypervisor, new instance types, and a new vers

As Pipe’s founding team departs, tensions rise over allegations

On November 22, alternative financing startup Pipe announced that its three co-founders were stepping down from their executive roles and that a search for a new, “veteran” CEO had commenced. In a

Southeast Asia insurtech Igloo increases its Series B to $46M

Igloo, a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. The f

EV SPAC Faraday Future ousts its CEO

Faraday Future, the troubled EV startup-turned-publicly-traded company, has shuffled its executive ranks once again. The board fired its CEO Carsten Breitfeld, according to a regulatory filing posted

Daily Crunch: WhatsApp rolls out new ‘Message Yourself’ feature globally

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