Others

Proving that there’s still plenty of venture money in cybersecurity, cloud identity security platform Britive today announced that it raised $20.5 million in a Series B funding round. Led by Pelion Venture Partners with participation from Liberty Global Ventures, Crosslink Capital and One Way Ventures, the new brings Britive’s total raised to $36 million. CEO […]

Britive, which helps secure public clouds, lands $20.5M investment by Kyle Wiggers originally published on TechCrunch

A TikTok ban in the U.S. will likely benefit Meta, YouTube and Snap’s revenue and hence their stocks the most, per a Bernstein note.

TikTok ban will benefit Meta, Google and Snap the most: Bernstein by Ivan Mehta originally published on TechCrunch

Any question of what business sector is — and is not — profitable at Ford is no longer a mystery. Ford lost about $3 billion on its EV and digital services business over the past two years, a unit now known as Model e, and isn’t expected to be profitable (on an adjusted basis) until […]

Ford expects EV business unit to lose $3B this year by Kirsten Korosec originally published on TechCrunch

Tech consultancy giant Accenture plans to cut 19,000 jobs, or 2.5% of its workforce, and has lowered its annual revenue and profit forecasts, becoming the latest behemoth to trim expenses in the wake of dwindling global economic conditions. The job cuts, over half of which affects individuals in non-billable corporate functions, will be undertaken in […]

Accenture to cut 19,000 jobs by Manish Singh originally published on TechCrunch

The startup funding environment is more challenging right now, but some companies and industries still draw investors’ attention and money. The luxury fashion resale market is one of them in Asia.  Kream, a reselling platform that buys, sells and trades luxury goods like handbags, clothing, accessories, said it has completed $168 million (220.6 billion won) […]

Reselling marketplace Kream’s valuation rises to $742M with $168M Series C by Kate Park originally published on TechCrunch

In emerging markets like Africa, offline retail dominates most product sales, driven by informal trade, and cash-based transactions. This makes the sourcing of data on the true market value or sizes of products a herculean task. Yet, local and international brands require data, for instance, on market size and value, consumer profiles and their purchasing […]

Rwazi to scale its market intelligence platform backed by $4 million seed funding by Annie Njanja originally published on TechCrunch

YouTube is shutting down its live social commerce app Simsim less than two years after acquiring the Indian startup but insists that it’s committed to building “a seamless shopping experience for viewers and supporting creators’ businesses.” Simsim helped small businesses in India transition to e-commerce by leveraging the rising popularity of video and creators. The […]

YouTube shutting down Indian social commerce app Simsim by Manish Singh originally published on TechCrunch

Open Network for Digital Commerce, the Indian government-backed initiative that is attempting to “democratize” e-commerce, has set its eyes on another industry it would like to disrupt. ONDC, a nonprofit firm set up by India’s commerce ministry in 2021, will open up its railroads to serve mobility firms, it said at a press conference in […]

India government-backed open e-commerce network expands to mobility by Manish Singh originally published on TechCrunch