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Posts Tagged ‘economy’

On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn

Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber ...

Macquarie Capital Venture Studio adds three new companies to infrastructure tech portfolio

Macquarie Capital Venture Studio, the infrastructure-focused accelerator affiliated with the nearly $500 billion-dollar investment firm, Macquarie Group, has added three companies to its portfolio. The companies, AirMap, Envoy Technologies, and Teralytic, provide services in airspace management for drones; electric vehicle sharing services; and soil analysis, respectively. Through the venture studio, Macquarie tries to bring the ...

Flipkart co-founder Sachin Bansal invests $92M in Ola

The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested 650 crore INR (around $92 million) into the Indian ride-hailing business. The deal rumored in January when Paper.vc, an intelligence service that sifts through company ...

Atrium, Justin Kan’s legal tech startup, launches a fintech and blockchain division

Atrium, the legal startup co-founder by Justin Kan of Twitch fame, is jumping into the blockchain space today. The company has raised plenty of money — including $65 million from A16z last September — so rather than an ICO or token sale, this is a consultancy business. Atrium uses machine learning to digitize legal documents and develops applications ...

PayPal shutters Malaysia office as part of customer service reorg

Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The office, located in capital city Kuala Lumpur, was home to a team of customer service agents that catered to PayPal users across Asian region and beyond. Now, its responsibility will be assumed by other offices, ...

Bill Gates debates Alexandria Ocasio-Cortez ‘tax the rich’ policy

Microsoft co-founder Bill Gates made some comments this week on the 'tax the rich' ideas making the rounds in America.

Taxing the rich is fine, he said in an interview with The Verge, and "more progressive" taxes on the ultra rich are okay.

Gates then went on to characterize Alexandria Ocasio-Cortez as an 'extreme' politician ...

Startups, demo tables are still available for TC Sessions: Robotics+AI

TechCrunch is known for helping startups get to the next level by providing a platform for them to showcase their work at a demo table. Startup demo tables for TechCrunch Sessions: Robotics + AI on April 18 are still available for any early-stage robotics or AI startup with $3M or less in funding. This is your chance ...

How to prepare for an investment apocalypse

Micah Rosenbloom Contributor Micah Rosenbloom is a venture partner at Founder Collective. More posts by this contributor Business school grads and quants are winning the battle to create the next P&G Startups need to respect the laws of retail physics Unlike 2000 and 2008, everyone in the startup world is expecting a crash to come ...

Africa Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivot

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Partech is doubling the size of its African venture fund to $143 million Zimbabwe’s government faces off against its tech community over internet restrictions A high court in Zimbabwe ...

Global investor SparkLabs launches a consultancy business for corporates

Global investor SparkLabs is adding another business line after it announced a new consultancy division that’s aimed at working with Fortune 500 companies and other global corporates keen to deepen their position in tech. Best known for its funds — which cover global deals, a crypto vehicle and a Korea-based fund — and over half a dozen accelerator programs worldwide, ...