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Fintech veteran Jitendra Gupta is ready for his new inning — now he is going after banks in India

For most people in India, having to engage with banks doesn’t instill a sense of joy. Banks in the South Asian market are notorious for making unannounced spam calls to upsell customers loans an

Clubhouse is building a DM text chat feature

Some Clubhouse users were treated to a surprise feature in their favorite app, but it wasn’t long for this world. A new UI element called “backchannel” popped up briefly before disap

Mobile commerce startup Via rounds up $15 million in Series A funding

Mobile commerce is where it’s at, and rising investment in so-called conversational commerce startups underscores the opportunity. Via, a two-year-old, Bay Area-based startup, is among those rid

Facebook’s entry into VR advertising isn’t going too well

Facebook’s efforts to bring advertising to the Oculus virtual reality platform it has spent billions of dollars building out doesn’t seem to be off to a great start. The company announced

Daily Crunch: Facebook rolls out podcasts and Live Audio Rooms for US listeners

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

What does Red Hat’s sale to IBM tell us about Couchbase’s valuation?

Couchbase could double its valuation provided that investors are more interested in its faster-than-Red-Hat growth than they are worried about its history of cash consumption and growing net losses.

Twitch suspends two popular female creators over sexy ASMR streams

Popular Twitch streamers Amouranth and Indiefoxx are the two latest casualties of Twitch’s ongoing battle to enforce its own confusing rules around sexually suggestive content. Both creators wer

Electric utility bike startup Ubco raises $10 million to fund its global expansion

Ubco, the New Zealand-based electric utility bike startup, has raised $10 million to fund a global expansion focused on the U.S. market and scale up its commercial subscription service business.  Ubc

Spielberg’s Amblin inks multiyear feature film deal with Netflix

In something of an about-face, Amblin Partners, Steven Spielberg’s long-running film production company, will produce several films per year for Netflix. The deal reflects Netflix’s rising

Sneaker community startup SoleSavy raises $12.5 million Series A to build an end-to-end sneakersphere

Collectibles boomed during the pandemic and while NFT outfits like NBA Top Shot exploded as consumers flirted with newer efforts, the sneaker world grew even more mature with enthusiasts digging deepe

How to land the top spot in Google search with featured snippets in 2021

Google search is not what it used to be. We all want to be #1 on the search results page, but getting there isn’t enough. It might be worth it to instead go for the top featured snippet position.

TikTok launches Jump, a third-party integration tool

TikTok announced today the launch of its Jump program, which expands the app’s potential for third-party integrations. TikTok began beta-testing this feature in February with Whisk, a recipe-sha

India proposes tougher e-commerce rules to address ‘widespread cheating’ complaints

India proposed on Monday banning flash sales on e-commerce platforms and preventing their affiliate entities from being listed as sellers as the South Asian market looks to further tighten rules that

Toyota Research Institute shows how its robotics work with difficult surfaces in the home

Following this morning’s announcement that Hyundai has closed its acquisition of Boston Dynamics, another automotive company has posted some robotics news. The Toyota Research Institute announcement

Uber to become the sole owner of grocery delivery startup Cornershop

Uber has reached a deal to become the sole owner of Latin American delivery startup Cornershop, just one year after acquiring a majority stake in the company. The ride-hailing giant said in a regulato

Can the military academies compete with Stanford and Harvard in venture? Two veterans are raising $50M to find out

Soldier-entrepreneurs are unfortunately still a rare breed in Silicon Valley, despite the region’s origins in Cold War defense spending. While the courage and perseverance required to fight in an ov

Maybe neobanks will break even after all

Neobanking has yet to show that it can generate positive, growing free cash flows over a multiyear period. But their results at least indicate that such incomes could occur in time.

Porsche to make high-performance batteries in joint venture with Customcells

Luxury sports car manufacturer Porsche AG is going into the battery business. The automaker said Monday it plans to open a new factory that will produce high-performance cells through a joint venture

Biden’s executive order on cybersecurity should include behavior transparency

The cyber executive order, alongside sanctions on Russia, are strong indications the Biden administration intends to take a far more proactive approach to cybersecurity. But it's not quite enough.

Seed is not the new Series A

Most Series A investors today look for around $2 million in annual recurring revenues (ARR) before they lean in, but getting to that figure is a very long and thorny path.
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