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US investors slash Byju’s and Swiggy valuation
BrightSome of the biggest Indian startups are taking a haircut in their valuations — at least in the eyes of their investors — as some backers adjust their estimates amid the weakening global economy. BlackRock has cut the valuation of ...
Daily Crunch: Ledger locks down another $108M to double down on hardware crypto wallets
BrightTo get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Thursdaaaaaaaaaaaaaaaaaaay! It’s one of our favorite days of the week. Definitely in the top 7. — Christine ...
Qualcomm-backed Aravita wants to help Brazilian supermarkets control food waste
BrightIt’s estimated that about a third of all food produced worldwide every year, which is approximately 1.3 billion tons, is estimated to be wasted. Aravita, a Brazilian artificial intelligence startup, thinks that supermarkets are the best place to start fixing ...
Oxfam Novib and Goodwell target East African startups with €20M Pepea fund
BrightImpact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia. The fund, created with the backing ...
Daily Crunch: After raising $3M seed, global fintech platform Payday plans to secure licensing in Canada, UK
BrightTo get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to Wednesday Crunch! On everyone’s mind today is the power of AI and whether ...
Hampton is tech’s new membership community for chief executive officers
BrightSam Parr, founder of HubSpot-acquired newsletter and media brand The Hustle, doesn’t watch “Succession” because “it’s too real” (and because he prefers watching comedy compared to behemoth business billionaires fighting). But when he announced his new project, Hampton, an invite-only ...
Irrigreen’s precision sprinklers prevent water waste and wet legs
Bright
Investors just pumped millions into Irrigreen, a startup vying to quench America’s thirsty lawns with “approximately 50% less water.” Seed investor Ulu led the $15 million funding round. Two tech investors that are focused on water conservation — Burnt Island ...
Distressed Indian startup GoMechanic acquired by Lifelong Group-led consortium
BrightA consortium led by Lifelong Group has acquired the distressed firm GoMechanic months after the Sequoia India-backed startup admitted “grave errors” in financial reporting. Lifelong Group, which serves several major players in the automotive industry including Hero and General Motors, ...
The market has changed, but super-voting shares are here to stay, says Mr. IPO
BrightYesterday, the ride-sharing company Lyft said its two co-founders, John Zimmer and Logan Green, are stepping down from managing the company’s day-to-day operations, though they are retaining their board seats. According to a related regulatory filing, they actually need to hang ...