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Carousell, a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs amid a challenging market condition for the tech industry.  The announcement came from the company’s blog on Thursday, posted by co-founder and CEO of Carousell […]

Singapore-based e-commerce platform Carousell lays off 10% of staff by Kate Park originally published on TechCrunch

Co-founders Pascal Kriesche and Morgan Abraham call smoodi, which came out of Harvard Innovation Labs, a “healthy smoothie store-in-a-box.”

Smoodi closes $5M to expand reach for its robotic smart blender by Christine Hall originally published on TechCrunch

Liquidity is your company’s lifeline. With it, you have a fighting chance of achieving your vision, but when you’re out of money, you’re on the course to ruin.

Treasury management should be top of mind for startup founders by Ram Iyer originally published on TechCrunch

The digital loans business in India has been the subject of a lot of controversy, not least for over-predatory and un-transparent practices, yet that’s existed alongside the rise of a handful of startups that hoping to apply tech to build products that are clearly understood and fill a need in the market for quick, short-term […]

India’s KreditBee raises $80 million from Azim Premji’s Premji Invest, Motilal Oswal Alternates, among others by Jagmeet Singh originally published on TechCrunch

India won’t enforce a cap on the market share for players operating on the homegrown payments network until December 31, 2024 in a surprising move that analysts say is a major a win for Google Pay and Walmart’s PhonePe. The National Payments Corporation of India, the payments body that oversees the Unified Payments Interface payments […]

India won’t enforce market share cap on UPI until 2025 in a win for Google and Walmart by Manish Singh originally published on TechCrunch

Shein, the ultra-fast fashion giant that’s taken the globe by storm, has brought on another heavyweight executive to help steer its ship. It lately onboarded Jessica Liu, former co-president at the Southeast Asian ecommerce giant Lazada, as its vice president of global brand operations. Liu will be responsible for “global brand partnerships,” according to Shein’s […]

Shein jumps on the third-party brandwagon with Alibaba veteran by Rita Liao originally published on TechCrunch

Indian social media startup ShareChat, backed by Twitter, Tiger Global and Temasek, is shutting down its fantasy sports platform Jeet11 and has laid off some employees. People familiar with the matter told TechCrunch that the startup sent an email to its affected employees last month. The platform was operational at the time of writing. ShareChat […]

Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs by Jagmeet Singh originally published on TechCrunch