• 29
    Jul

    CVS adds another Big Health product to its point solutions management program

    CVS Caremark launched its point solutions management program with a sleep service from Big Health nearly a year ago, and now it’s adding another of the digital mental healthcare startup’s products to its suite of managed point solutions.  The Daylight product, which is designed to help people alleviate worry and anxiety, will join an expanding list of digital therapeutics that CVS Caremark ...
  • 28
    Jul

    India’s Flipkart gives hyperlocal delivery service another try

    Flipkart on Tuesday launched a hyperlocal service in suburbs of Bangalore, four years after the e-commerce group abruptly concluded its previous foray into this category. The e-commerce group, owned by Walmart,  said Flipkart Quick leverages the company’s supply chain infrastructure and a new location mapping technology framework to deliver more than 2,000 products across grocery, perishables, smartphones, electronics accessories, and stationary items within 90 ...
  • 27
    Jul

    SaaS startup Swoop raises $3.2M to modernize mom-and-pop transportation companies

    Chauffeured group transportation — the vehicles used for corporate outings, special events and even weddings — is a fragmented industry, with hundreds of small operators that rely on analog systems to book customers. Now in this era of COVID-19, these operators are being squeezed as travel and tourism have dwindled and companies have opted to have employees work from home. ...
  • 24
    Jul

    Tesla takes aim at Rivian in lawsuit alleging trade secret theft, poaching talent

    Tesla  filed a lawsuit against electric vehicle automaker Rivian and four former employers, on allegations of poaching talent and stealing trade secrets. Bloomberg was the first to report the lawsuit filed in California Superior Court in Santa Clara. Tesla alleges in the lawsuit that Rivian  recruits Tesla employees and encourages them to take proprietary information as they leave. Tesla claims in the lawsuit that it ...
  • 23
    Jul

    Amazon now sells auto insurance in India

    Amazon’s  India business said on Thursday it has begun offering auto insurance to cover two and four-wheeler in the country, marking American giant’s first foray into this financial services category globally. The e-commerce giant said it had inked a deal with Mumbai-headquartered Acko General Insurance  to offer customers car and motor-bike insurance. Amazon is also an investor in Acko. Mahendra Nerurkar, chief executive and ...
  • 23
    Jul

    Amazon reportedly in talks to buy a 9.9% stake in India’s Reliance Retail

    Amazon may join its global rivals Google  and Facebook in backing one of Indian billionaire Mukesh Ambani’s ventures. The American e-commerce giant is in preliminary talks to acquire a 9.9% stake in Reliance Retail, local TV news channel ET Now reported Thursday afternoon, citing unnamed sources. Reliance Retail, founded in 2006, is the largest retail chain in India. It serves over 3.5 ...
  • 22
    Jul

    AB Tasty raises $40 million to optimize e-commerce user experience

    AB Tasty has raised a new $40 million funding round led by Credit Mutuel Innovation with existing investors Korelya Capital, Omnes, Partech and XAnge also participating. Overall the startup has raised $64 million. The startup is focused on improving user experience on e-commerce platforms, travel portals, fashion websites and more. It lets you customize the message and the feature set of ...
  • 22
    Jul

    Scalable Capital raises $58M at a $460M valuation for its robo-investment platform

    Startups building tech-based platforms to help make investments continue to be in high demand, building on an expanding market of investors getting more confident to rely on technology to undercut broker fees and speed up the process. Today, one of the hopefuls in the space is announcing a growth round to capitalise on that opportunity. Scalable Capital — the Munich-based startup that ...
  • 20
    Jul

    Jack Ma’s fintech giant Ant starts IPO process in Hong Kong and Shanghai

    The Jack Ma -controlled Ant Group finally sets in motion what the market has been anticipating for years. The financial services and payments behemoth said Monday that it has kickstarted the process of a concurrent initial public offering on the Hong Kong Stock Exchange and Shanghai Stock Exchange’s Nasdaq-style Star Market. The public listing will enable Ant, which operates the Alipay wallet used across ...
  • 17
    Jul

    From Twenty Minute VC to 20VC, Harry Stebbings launches a micro VC off the back ...

    Podcasts are becoming big business — in part because of how well they can attract and keep audience at a time when so many other media formats are finding it hard to pin down that elusive metric of engagement. Now a podcast host who has built out a popular series around the world of startup investing is leveraging that growth to build out an ...