Others

Social commerce DealShare’s CEO steps down

July 31, 2023
Vineet Rao, co-founder and chief executive of Indian social commerce DealShare, has stepped down from the top role, the Tiger Global and Alpha Wave Global-backed startup said Monday. Rao will work with the startup’s board to identify the next chief executive, the Monday statement added. The startup, which did not say why Rao was stepping […]

Apple greenlights Twitter app’s rebrand to X

July 31, 2023
After weeks of changes to its social handles, branding on its interface, a redirect on the web, and lots of chatter from its owner, Twitter the app has finally changed its name on the App Store to X. The single-letter name may have an exception: Apple typically doesn’t allow developers name their apps as a […]

Italy accepts data portability offer from Google to settle antitrust complaint

July 31, 2023
Italy’s competition authority has settled a probe of Google focused on data portability after accepting commitments from the tech giant that look set to make it easier for users to take their data elsewhere, the AGCM said today. The watchdog opened the investigation last summer, acting on a complaint by a local company which operates […]

China’s cutthroat e-commerce tactic goes global as Shein-Temu war escalates

July 31, 2023
The battle between two of China’s largest e-commerce firms is heating up, as they take the cutthroat tactics that have long been around in the country to the international markets they both covet. Chinese e-commerce deals giant Pinduoduo’s affiliate, Temu, which is aggressively expanding overseas, recently filed a court document in the U.S. accusing fast […]

Fidelity deepens valuation cut for SaaS startup Gupshup

July 31, 2023
Fidelity has slashed the estimated worth of its holding in SaaS startup Gupshup by over 20% in a month and by more than 50% since the original investment in the latest brutal markdown across private markets. The U.S. asset manager valued its holding in Gupshup at $8.08 million at the end of June, down from $10.15 […]

Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake

July 31, 2023
Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction took place in recent days and Tiger Global, which has cashed most of its Flipkart shares earlier, overall made a return of $3.5 billion on an […]

Is Black news VC backable?

July 30, 2023
Several Black media publishing founders and investors said that raising funds for a publishing startup was already very hard, and those who raise tend to be the elite within the elite.