• 18
    Jan

    Flipkart doubles down on rewards program, partners with 5,000 retail outlets in India

    Flipkart on Monday launched SuperCoin Pay that its customers will be able to use across thousands of retail stores across the country as Walmart-owned e-commerce giant bets on its loyalty program to win and sustain its user base in the world’s second largest internet market. The Bangalore-headquartered e-commerce giant said it had partnered with over 5,000 retail outlets including TimesPoints, ...
  • 11
    Jan

    Holographic startup Envisics partners with Panasonic to fast-track in-car AR tech

    Envisions founder and CEO Dr. Jamieson Christmas launched the startup three years ago to “revolutionize” the in-car experience with its holographic technology. Now, it has a partner that could help it achieve that mission. The U.K.-based holographic technology startup said Friday it reached an agreement with Panasonic  Automotive Systems to jointly develop and commercialize a new generation of head-up displays for cars, trucks and SUVs. ...
  • 7
    Jan

    Mambu raises $122M at a $2B+ valuation for a SaaS platform that powers banking services

    Challenger banks, incumbent banks, and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching a new product like a credit line or a deposit or current account, these days many of them are opting not to build from the ground up, but are instead ...
  • 5
    Jan

    Alibaba shuts down 12-year-old music streaming app Xiami

    Using Xiami was once synonymous with having good music taste in China. The music app, which debuted around 2008 and was acquired by Alibaba in 2013, is discontinuing its streaming service today, Xiami said in a notice to users. Xiami, which means “smalll shrimp” in Chinese, was once known for its smart discovery, elegant design, social features and support for indie musicians which ...
  • 4
    Jan

    Known for 5G mmWave testing solutions, Taiwan’s TMYTEK sets its sights on base stations

    TMYTEK recently raised a Series A+ round of about $10 million for products that make it easier to test 5G millimeter wave equipment. So far, the company’s clients include KDDI, NTT DoCoMo and research institutions. But the Taiwanese startup has aspirations to sell its own base stations, too, competing with well-established players like Nokia, Ericsson, Samsung and Huawei. TMYTEK plans to ...
  • 4
    Jan

    India’s CRED raises $81 million, buys back shares worth $1.2 million from employees

    Bangalore-based CRED is kickstarting the new year on a high note. The two-year-old startup, led by high-profile entrepreneur Kunal Shah,  said on Monday it has raised $81 million in a new financing round and bought shares worth $1.2 million (about 90 million Indian rupees) from employees. The Series C financing round was led by DST Global. Existing investors Sequoia Capital, Ribbit Capital, Tiger Global, ...
  • 1
    Jan

    Sony to launch PlayStation 5 in India on February 2

    Sony Said on Friday that it will launch the PlayStation 5 in India on February 2, suggesting improvements in the supply chain network that was severely impacted last year because of the coronavirus pandemic. The Japanese firm said it will begin taking pre-order requests for the new gaming console in India, the world’s second largest internet market, on January 12. The ...
  • 2021
    1
    Jan

    Union Square Ventures and Learn Capital file paperwork indicating new funds

    As 2020 comes to a long-awaited end, a series of filings indicate that venture capitalists are ending the year with fresh money. According to SEC paperwork, Learn Capital and USV have filed paperwork that shows the firms have raised new, multimillion-dollar funds. If you’ve been paying attention to news this past year, it’s clear that much of venture capital isn’t just surviving ...
  • 1
    Jan

    Goodbye Flash, goodbye FarmVille

    While much of what made 2020 such an absolute nightmare will still be with us on January 1 (sorry!), we will really, truly be leaving Adobe Flash  and FarmVille behind as we enter the new year. The end of Flash has been a long time coming. The plugin, which was first released in 1996 and once supported a broad swath online content, ...
  • 30
    Dec

    RentPath drops acquisition deal with CoStar after FTC antitrust lawsuit

    RentPath, owner of property listing sites including Rent.com and Apartment Guide, said today it has cancelled its agreement to be acquired by CoStar Group after the Federal Trade Commission sued to block the sale. CoStar, a commercial real estate data and analytics provider that also operates listing sites like Apartments.com and ApartmentFinder.com, agreed in February to buy RentPath for $588 million. The all-cash deal came ...