Gojek has paid $30 million to take a minority stake in Blue Bird, one of the largest taxi operators in Indonesia, according to Bloomberg, which first reported that the deal was in progress last month. Gojek’s stake in Blue Bird is worth $30 million. The taxi operator’s holding company disclosed in a regulatory filing earlier […]
Posted on: 18 February 2020 | 2:11 am
SumUp, the London-based fintech company that enables small businesses to take card payments via its device and online, is launching its own pre-paid card in partnership with Mastercard. Dubbed “SumUp Card,” the new offering will enable merchants to gain quicker to access funds collected via SumUp as it will no longer require money to be […]
Posted on: 18 February 2020 | 2:00 am
Atomico, the European venture capital firm founded by Skype’s Niklas Zennström, has announced that it has closed its fifth fund — “Atomico V” — giving it another $820 million to invest in European startups. The London-headquartered VC firm’s previous fund closed at $765 million, so this is an increase over three years ago. However, the […]
Posted on: 18 February 2020 | 1:00 am
Design-driven "luxury UI/UX" will continue to power the success of many startups, but it's not the only way to build a great business.
Posted on: 17 February 2020 | 7:17 pm
It’s suspiciously convenient that Facebook already fulfills most of the regulatory requirements it’s asking governments to lay on the rest of the tech industry. Facebook CEO Mark Zuckerberg is in Brussels lobbying the European Union’s regulators as they form new laws to govern artificial intelligence, content moderation and more. But if they follow Facebook’s suggestions, […]
Posted on: 17 February 2020 | 6:34 pm
Despite the rapid growth of e-commerce in India, Southeast Asia and other emerging markets, the vast majority of retail transactions there still happen offline in small stores that also serve as neighborhood hubs. The central role these stores play in their communities led GGV Capital to develop what the firm refers to as its mom-and-pop […]
Posted on: 17 February 2020 | 5:54 pm
It was a drama-filled week with a hearing on the hill in DC about autonomous vehicle legislation, Uber tipped its hat to the past, EV startup Lucid started to lift the veil on its Air vehicle and more.
Posted on: 17 February 2020 | 5:27 pm
After WeWork exploded there was — at least supposedly — a change in sentiment among investors and founders alike. Gone were the days of easy nine-figure rounds, expensive growth, negative unit economics and the rest of the excess that Startupland has enjoyed over the past half-decade. Inside this purported sentiment shift, I presumed, was a […]
Posted on: 17 February 2020 | 5:11 pm
Today Apple announced that its prior financial forecast, provided during its January earnings cycle, is no longer valid. In a letter to investors today, the technology giant said that it “do[es] not expect to meet the revenue guidance we provided for the March quarter” due to impacts stemming from the coronavirus that has shuttered large […]
Posted on: 17 February 2020 | 4:38 pm
Remember when Zenefits imploded, and kicked out CEO Parker Conrad. Well, Conrad launched a new employee onboarding startup called Rippling, and now he’s going after another HR company called Gusto with a new billboard, “Outgrowing Gusto? Presto change-o.” The problem is, Gusto got it taken down by issuing a cease & desist order to Rippling […]
Posted on: 17 February 2020 | 3:49 pm
This week turned out to be a surprisingly busy one in space news – kicked off by the Trump administration's FY 2021 budget proposal, which was generous to U.S. space efforts both in science and in defense.
Posted on: 17 February 2020 | 2:42 pm
China’s annual auto show in Beijing has been postponed because of novel coronavirus, as the number of cases of people infected surpass 71,000. The Beijing International Automotive Exhibition, which was scheduled to begin April 21, is the latest high-profile event that has been either cancelled or postponed over concerns of coronavirus. A new date will […]
Posted on: 17 February 2020 | 2:35 pm