Let’s examine the financial health of the South Korean e-commerce giant Earlier today in the south Korean e-commerce and delivery giant Coupang went public in the United States. As a private company, Coupang has raised billions, including capital from American venture capital company Sequoia and Japanese telecommunications giant SoftBank and its Vision Fund. Coupang’s offering, … Read more
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. Natasha and Danny, and Alex and Grace, were all here to talk about the week’s biggest tech events. This week felt strangely comforting from a tech news standpoint: Facebook is copying something, early launch dates are buggy … Read more
India could soon have another fintech unicorn. BharatPe said Thursday it raised $ 108 million in a round of funding that valued the New Delhi-based financial services startup at $ 900 million. Coatue Management led the Series D round of the three-year startup. Another six existing institutional investors – Ribbit Capital, Insight Partners, Steadview Capital, … Read more
Getting credit is difficult when you don’t have credit. That’s the problem at startup TomoCredit tried to solve. Co-founder and CEO Kristy Kim developed the concept for the company after being turned down several times for a car loan in her early 20s. Kim, who immigrated to the United States with her family from South … Read more
TC Sessions: Justice, our second event dedicated to diversity, justice, inclusion and work in technology, will take place on March 3, 2021. This is a virtual one day conference with the best innovators, leaders, and labor activists in the industry. We are delighted to welcome the Founder and Managing Partner of Backstage Capital, Arlan Hamilton, … Read more
DoorDash acquires a salad-making startup, Twitter confirms subscription plans, and Tesla makes a big bet on Bitcoin. This is your daily crisis for February 8th, 2021. The big story: DoorDash acquires Chowbotics DoorDash acquired the Bay Area startup behind Sally, a salad machine-style robot that added contactless orders last fall. DoorDash said the acquisition will … Read more
VerSe Innovation, the parent company of popular news and entertainment app Dailyhunt and short video app Josh, announced Monday that it had received over $ 100 million in a Series H funding round from Qatar Investment Authority and Glade Brook Capital Partners has collected. The announcement follows another investment of over $ 100 million that … Read more
We crawled in An abandoned school bus that drove through shabby corridors avoided fleeting thunderstorms and wandered the empty streets of Chinatown until late at night. I couldn’t have been happier for two weeks of summer. New York City was closed. I had been quarantined in my dirty apartment, discouraged and restless. I really wanted … Read more
The SPAC craze continues unabated, and at times new SPACs are filed with the SEC almost every hour. SoftBank, the Japanese telecommunications conglomerate that also manages the gigantic Vision Fund and its successor, doesn’t want to be left out. Two consecutive SPAC registrations were filed yesterday for two new blank check companies. SVF Investment Corp … Read more
The first major reform proposal under Section 230 of the Biden era has appeared. In a new bill, Senate Democrats Mark Warner, Mazie Hirono, and Amy Klobuchar propose changes to Section 230 of the Communications Decency Act that would fundamentally change the 1996 law that is widely credited with maintaining the modern Internet. Section 230 … Read more