Softbank

Autonomous delivery startup Nuro lays off 20% of workforce

Nuro, the autonomous vehicle delivery startup backed by SoftBank, Google and Tiger Global Management, is laying off about 300 people, or 20% of its workforce, in an effort to preserve cash amid a stor

SoftBank writes down nearly $100 million investment in FTX

As more details emerge regarding the events that led to FTX’s bankruptcy and stunning collapse, the cryptocurrency exchange’s investors are also being scrutinized. Namely, many people are asking j

SoftBank Vision Fund is reportedly laying off 30% of its workforce, or at least 150 employees

The Vision Fund, a venture capital arm of SoftBank, has launched a sweeping layoff process, cutting at least 30% of its workforce globally, or approximately 150 of the 500 employees, according to a re

Daily Crunch: A closer look at Google’s remote-controlled $30 Chromecast

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

SoftBank cuts internal valuation of $10 billion Oyo to $2.7 billion

SoftBank, the largest investor in Oyo, has cut the Indian hotel chain’s valuation to $2.7 billion at a time when the startup is months away from going public, a source familiar with the matter s

SoftBank Robotics Europe is now Aldebaran (again)

Its 2015 acquisition of Aldebaran didn’t go as smoothly as SoftBank hoped. At the time, the French robotics startup was best known for its Nao, which had become a fairly ubiquitous presence in resea

DTCP taps SoftBank as an anchor LP for its next $500-600M fund

Last week, we got a glimpse of how SoftBank is pulling away from some of its more exuberant investing of the past years, when news broke that it had sold its entire stake in edtech startup Kahoot, at

SoftBank-backed Ola to cut 200 jobs in India

SoftBank-backed Ola plans to eliminate about 200 jobs across its engineering teams over the next few days, on track to shrink its workforce by over 1,200 this year, as the ride-hailing giant streamlin

Stockholm’s EQT Growth closes $2.2B to fund scaling European startups like Vinted, Mambu and Epidemic Sound

The days of European startups relocating to the U.S. if they want to grow (and raise money to do so) have been receding in the rearview mirror for a while now, so much so that even in these leaner tim

Kenya’s HotelOnline acquires hospitality software company HotelPlus

HotelOnline, a Kenya-based Yanolja-backed travel technology scale-up that fashions itself as an e-commerce and digital marketing enabler in the hospitality industry, has acquired HotelPlus, a software

Waysia raises €10M to deliver Asian grocery in Europe

COVID-19 has reshaped our lives in many ways and given rise to a plethora of services tailored to these newborn needs. Waysia, an Asian grocery delivery platform, is one such startup that retooled in

Have you marked down your portfolio yet? You are running out of time to hide

To mark down your portfolio or not mark down your portfolio? That is a question many venture capitalists are grappling with right now.

Gopuff to pull out of Spain as q-commerce belt tightening continues

The q-commerce belt tightening continues: U.S. category veteran Gopuff, the SoftBank-backed delivery platform juggernaut — which was being valued at $15 billionN as recently as 2020, and had bee

Investors detail their red (and green) flags for startups seeking venture dollars

TechCrunch sat down with several investors to hear how they're looking at the funding environment today and what their red flags -- and green flags -- are for startups looking to raise another round.

What’s a crypto exchange worth?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week Alex was back with Grace and our new producer to kic

This new $100M fund plans to focus on startups accelerating the science around longevity

Longevity-focused startups have been proliferating in recent years as we become more focused on our health. However, it’s not just about apps to get you in the gym. Longevity startups can range from

SoftBank, Sequoia China back this ERP startup enabling China’s online exporters

Thanks to cross-border e-commerce platforms, China continues to be a major exporter of consumer goods for the world in the online shopping age. It’s not just marketplaces like Amazon and AliExpr

The phishing catch of the day is Twillio (and other TC news)

This week on the TechCrunch Podcast Natasha Mascarenhas is back to talk about VC-backed aperitif company Haus being forced to sell. Then we’re joined by Carly page to talk about a recent phishing ca

So, when is the SoftBank Execution Fund III dropping?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann worked with Grace to record yet

Daily Crunch: ‘Winter may be longer’ because unicorns won’t accept down rounds, says SoftBank leader

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