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India’s VerSe Innovation — the $5 billion Indian startup behind news aggregator Dailyhunt, short-video platform Josh, and hyperlocal video app PublicVibe — has cut 150 employees, or 5% of its workforce of 3,000, TechCrunch has learned and confirmed. The Bengaluru-based startup informed impacted employees on Friday and separately held a town hall meeting on Monday […]

Google, Microsoft-backed VerSe Innovation cuts 5% of workforce, reduces salaries by Jagmeet Singh originally published on TechCrunch

This past year has been hectic for the crypto lending platform BlockFi and today is no different as the company shared an announcement that it filed for voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey. On November 10 the crypto platform shared in a tweet that it paused […]

BlockFi files for Chapter 11 bankruptcy by Jacquelyn Melinek originally published on TechCrunch

While there’s no one right way to go about fundraising, there are a few wrong ways — and failure is a wonderful teacher.

3 mistakes to avoid as an emerging manager by Ram Iyer originally published on TechCrunch

Cairo-born and Dubai-based mass transit and shared mobility services provider SWVL has carried out its second round of layoffs affecting 50% of its remaining headcount, according to a statement shared by the company.  The news is coming six months after SWVL laid off 32% of its workforce in a “portfolio optimization program” effort geared towards […]

SWVL reduces its headcount by 50% six months after axing 400+ staff by Tage Kene-Okafor originally published on TechCrunch

Denmark-based venture fund BackingMinds, founded in 2016, likes to think it takes a different approach to venture in Europe. Its new €50 million fund will aim to take a road less travelled by most VCs, looking “for the blind spots” traditional venture capital can often miss because of typical VC herd behaviour (such as investing […]

BackingMinds raises new €50 million fund to fund normally overlooked entrepreneurs by Mike Butcher originally published on TechCrunch

Facebook’s parent, Meta, has been hit with another hefty penalty for breaching European data protection law. The €265 million (~$275M) fine was announced today by the Irish Data Protection Commission (DPC), the tech giant’s lead regulator for the European Union’s General Data Protection Regulation (GDPR). The DPC confirmed that the decision, which was adopted on […]

Meta hit with ~$275M GDPR penalty for Facebook data-scraping breach by Natasha Lomas originally published on TechCrunch