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Often, first-time ecommerce entrepreneurs don’t know what they need to build an effective funnel and cart experience for their platforms. It’s not their fault; the problem’s challenging. According to one source, the average cart abandonment rate across all industries is 69.57%. That means roughly seven out of 10 shoppers won’t complete their transaction, leading to […]

ThriveCart, which sells tools to build ecommerce carts, raises $35M by Kyle Wiggers originally published on TechCrunch

Barely a year after Tanzania capped the commissions that e-hailing firms like Uber and Bolt charge their partners at 15%, the authority in charge has backtracked on the order, taking away drivers’ prospects of increased earnings. The fee was increased to 25% effective last Sunday after the Land and Transport Regulatory Authority (Latra) issued a […]

Uber, Bolt drivers hope for increased earnings foiled as Tanzania reinstates 25% commission by Annie Njanja originally published on TechCrunch

Good Meat announced today it has received regulatory approval from the Singapore Food Agency to use serum-free media for the production of its cultivated meat. The brand, which is the cultivated meat division of U.S.-based food startup Eat Just, says it is the only cultivated meat producer in the world with the ability to sell […]

Good Meat approved to sell serum-free cultivated meat in Singapore by Catherine Shu originally published on TechCrunch

MENA-based buy now, pay later startup Tabby has raised $58 million, led by Sequoia Capital India and STV, at a valuation of $660 million. The investors co-led the fintech’s Series B extension round last June.  PayPal Ventures, the global corporate venture arm of PayPal, is one of the participating investors (this marks its first investment […]

Tabby raises $58M at $660M valuation as PayPal Ventures makes first investment in the GCC by Tage Kene-Okafor originally published on TechCrunch

Total venture funding in 2022 amounted to $415.1 billion, 35% less than in 2021.

Putting numbers on the global venture slowdown by Anna Heim originally published on TechCrunch

“The Last of Us” made its debut last night on HBO and HBO Max. The series premiere garnered 4.7 million U.S. viewers, making it HBO’s second-largest debut since “Boardwalk Empire” premiered over a decade ago with 4.81 million viewers, the company announced today. “House of the Dragon” remains the biggest premiere in HBO history with […]

HBO’s ‘The Last of Us’ gets a warm welcome with 4.7M U.S. viewers by Lauren Forristal originally published on TechCrunch