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Despite legacy venture capital firms continuing to raise bigger and bigger funds, LPs may have more luck focusing on the small stuff. Amit Kurz, a general partner at Israel-based fund of funds Sweetwood Ventures, thinks so. He told TechCrunch that last year he started to notice more and more tiny funds he wasn’t familiar with […]

Fund of funds Sweetwood Ventures bets big on VC’s smallest funds by Rebecca Szkutak originally published on TechCrunch

Google is requiring loan apps in Kenya to submit proof of license to operate in the country, failure to which they risk removal from Play Store, its digital distribution service. Those that have applied for licensing from Central Bank of Kenya, and can produce evidence of the same, may also be spared. Google’s action has, […]

Google clamps down on illegal loan apps in Kenya, Nigeria by Annie Njanja originally published on TechCrunch

Electric vehicle startup Nio is accelerating its expansion in Europe. The premium EV maker just launched its first power-swapping station in Varberg, Sweden, the company said in a LinkedIn post. When it comes to charging, Nio differentiates itself from its rivals by offering swappable batteries, which are upgradable and charge a monthly subscription fee, on […]

China’s EV upstart Nio switches on power swap station in Sweden by Rita Liao originally published on TechCrunch

India has proposed a new comprehensive data privacy law that will mandate how companies handle data of its citizens, including permitting cross-border transfer of information with certain nations, three months after it abruptly withdrew the previous proposal following scrutiny and concerns from privacy advocates and tech giants. The nation’s IT ministry published a draft of […]

India proposes permitting cross-border data transfers with certain countries in new privacy bill by Jagmeet Singh originally published on TechCrunch

GoTo Group is cutting 1,300 jobs, or 12% of its workforce, it informed staff early Friday, as Indonesia’s largest internet company attempts to trim costs and improve finances. “Achieving financial independence more quickly has a profound cost for us, because when we take a hard look at how we fundamentally need to change (business focus […]

GoTo cuts 1,300 jobs as it anticipates ‘uncertainties’ to linger for long by Manish Singh originally published on TechCrunch