• 30
    Jun

    Ride-hailing giant Ola adds tipping option to its app

    You can now tip your Ola driver. The Indian ride-hailing giant said on Tuesday that it has rolled out this feature to its users in India, Australia, New Zealand, and the United Kingdom — all the nations where it currently operates. Ola said riders in each market will see a range of denominations they can pick as the amount they wish ...
  • 30
    Jun

    TikTok goes down in India, its biggest overseas market

    A growing number of internet service providers in India have started to block their subscribers from accessing TikTok a day after New Delhi banned the popular short-video app and 58 other services in the world’s second largest internet market over security and privacy concerns. Many users on Airtel, Vodafone and other service providers reported Tuesday afternoon (local time) that TikTok app on their ...
  • 30
    Jun

    Facebook cofounder Saverin’s B Capital just closed its third flagship fund with $822 million

    It hasn’t taken long for B Capital to amass a pretty hefty third fund. Just five years after the venture firm was launched by Facebook co-founder Eduardo Saverin and Raj Ganguly, a veteran of private-equity firm Bain Capital, the firm is taking the wraps off a third fund that has amassed $822 million in capital commitments. That’s almost precisely twice what the ...
  • 29
    Jun

    Scotts Miracle-Gro gets into the venture capital business with a $50 million fund, because it’s ...

    Scotts Miracle-Gro, the lawn care and fertilizer giant that has opened up a secondary business as a pioneer in cannabis and hemp cultivation, is launching a $50 million corporate venture capital fund called 1868 Ventures.  Is it strange that a fertilizer company would commit to a $50 million fund to invest in two to three startup companies per year over ...
  • 29
    Jun

    Luckin Coffee’s board is forcing out its chairman (also, chairman is forcing out the rest ...

    Sometimes you just can’t get a [L]uckin’ break. After announcing this morning that it is ending its fight to stay listed on Nasdaq, China-based coffee chain and delivery company Luckin Coffee announced in a filing with the SEC that it is requiring that its chairman, Lu Zhengyao, resign. It also announced in its SEC filing that the chairman has requested the firing of independent ...
  • 29
    Jun

    Artlist raises $48M led by KKR for its royalty-free music, video and sound effect library

    Like it or loathe it, video has proven to be the most engaging of all mediums across the web, and today a company out of Israel called Artlist — which provides royalty-free libraries of music, sound effects and even video itself to enhance video content — is announcing a significant growth round of $48 million, both to continue its expansion, and to ...
  • 29
    Jun

    Amazon eliminates single-use plastic in packaging in India

    Amazon said on Monday it has eliminated all single-use plastic in its packaging across its fulfillment centers in India, delivering on a pledge it made last year to achieve this goal by June. The American e-commerce group said it had replaced packaging materials such as bubble wraps with paper cushions and was also using “100% plastic-free biodegradable” paper tapes. All of Amazon’s ...
  • 26
    Jun

    Lordstown debuts a $52,500 electric pickup alongside a campaigning Mike Pence

    Lordstown Motors  unveiled Thursday a prototype of its electric future, a pickup truck with four in-wheel hub motors and a few other features all aimed squarely at attracting contractors and other buyers in the commercial market. The unveiling by this one-year-old Ohio startup didn’t get too deep into the details about the electric pickup truck known as Endurance. There wasn’t any ...
  • 26
    Jun

    Automating payments for the corporate sales force leads to a $10 million windfall for Spiff

    Salt Lake City’s Spiff has announced a $10 million round of funding to expand the sales and marketing efforts for its service that automates commission payments for sales people. Some of the biggest names in startup tech are using the service to pay their sales force including Brex, Workfront, Algolia, and the publicly traded startup, Qualys. The idea at Spiff is to ...
  • 26
    Jun

    Mary Meeker’s Bond backs Indian online learning startup Byju’s

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    Indian online learning startup Byju’s has nearly doubled its valuation in a year as it adds one more high-profile name to the list of its backers: Bond. In a statement on Friday, Bangalore-based Byju’s said it had raised an undisclosed amount from the VC fund co-founded by Mary Meeker. The first-female founded VC firm’s check valued the nine-year-old Indian startup at ...