BlackRock cuts Byju’s valuation by nearly two-thirds to $8.4 billion
BlackRock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based startup, this time to about $8.4 billion, even as the most valuable Indian startup
US investors slash Byju’s and Swiggy valuation
Byju's and Swiggy, among the biggest Indian startups, are taking a haircut in their valuations — at least in the eyes of their backers.
BlackRock acquires minority stake in SMB 401(k) provider Human Interest
Investment giant BlackRock announced Friday it is taking a minority stake in venture-backed fintech startup Human Interest. Terms of the deal were not disclosed. Human Interest’s digital retirement
Versa raises $120M for its software-defined networking and security stack
Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. CEO Kelly Ahuja tells Tec
The alternative asset class needs new infrastructure — who will build it?
Just as traditional alternatives are becoming a consistent part of the modern portfolio, a new era of alternative assets is emerging, fueling a broader and more fragmented landscape for investing.
Carbon Direct caps $60M round to coach companies on cutting emissions
Carbon Direct advises companies on how to best cut and capture carbon -- then helps them do it.
Investors cheer Coinbase’s new partnerships and attempts to reignite growth
While deals with high-profile names are investor-pleasing, they can be better headlines than results.
BlackRock hops on bitcoin bandwagon with new Coinbase tie-up
After years of resisting, the world’s largest asset manager has finally taken the plunge into crypto in a substantial way. BlackRock, which oversees $10 trillion in assets, is partnering with pu
Once a key driver of global venture activity, fintech investment slows around the world
New Q2 2022 data from CB Insights and PitchBook lay bare fintech’s retreat.
Disclose your Scope 3 emissions, you cowards
Many companies are saying that they don’t take climate change seriously enough to fully understand — and disclose — their own impact on it.
SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs
A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals. Today, the London-based company has expanded
AlphaSense, an analysis and business intel search engine, finds $225M at a $1.7B valuation
Google showed the way when it came to the world understanding and valuing the importance of a good search engine to unlock all the information you could find on the internet. The next iteration of tha
Revel founder Frank Reig a year later on driving EV adoption in big cities
"We literally have millions of vehicles that need to transition to electric, and there’s really no charging in sight, which is where our strategy comes into play."
Porsche joins $400M bet on lithium-silicon batteries to juice up future EVs
Porsche has read the room. With its first electric vehicle now outselling the quintessential 911 sports car, the German automaker is responding by upping its bet on EVs, in part via a hefty investment
Wagestream, a financial super app for waged workers, raises $175M, passes 1M users and doubles down on the U.S.
Front-line workers and those paid in hourly wages rather than salaries have become a prime target in the world of business IT, with a wave of apps helping them find jobs, do their jobs, communicate wi
Daily Crunch: Beating ‘other takeover bidders,’ Bosch acquires autonomous driving startup Five.ai
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
BlackRock, Fidelity and others to invest $400M in USDC stablecoin issuer Circle
Circle, a crypto-focused financial technology firm, has entered an agreement for a $400 million funding round, the company announced. It is expected to close in the second quarter of 2022. Investors i
Byju’s founder backs startup in $800 million funding at $22 billion valuation
Byju Raveendran, the co-founder and chief executive of eponymous Indian edtech giant Byju’s, has invested $400 million into the startup, the two said on Friday. His backing is part of a larger $800
Volocopter raises $170M, now valued at $1.87B, to fuel first commercial launches of flying taxi fleet in 2024
Volocopter, the startup out of southern Germany (Bruchsal) that has been developing electric VTOL (vertical takeoff and landing) aircraft and a business model for operating them in taxi-style fleets i
AnyRoad helps brands measure customer experiences
Brands don’t often know everyone who is attending their big events, which leads to limited return on investment and actionable insights. AnyRoad provides that insight.