Prosus has marked down the valuation of Byju’s, India’s most valuable startup, to below $3 billion, the investment giant’s executives said on an earnings call Wednesday even as they asserted that they remain bullish on the opportunities in the South Asian market. The Bengaluru-headquartered startup, which has raised over $5 billion in equity and debt […]
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The global energy spare parts market is valued at over $90 billion, with the Middle East representing about 35% of this sector. This sector remains largely untapped by existing additive manufacturing and digital inventory platforms that have spread footprints across medical, aviation, automotive and jewelry industries. Unlike these industries, which have embraced additive manufacturing and […]
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FEBE Ventures’ name stands for “for entrepreneurs by entrepreneurs,” and true to form, it is continuing to support seed-stage startups with the launch of its second fund. Targeting $75 million, Fund II is 2.5 times larger than FEBE’s first fund and 90% has already been committed. As part of the launch, FEBE Ventures also announced […]
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Uber has secured another win over the struggling taxi industry. Soon, riders in London will be able to hail an iconic black cab in the city. London cabbies can now start signing up for Uber trip referrals, but the service won’t roll out until early 2024. Uber says some drivers have already begun showing interest […]
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A leaked document shines new light on the fund’s relationship with Mastercard and the embattled grant program.
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“When is a bot a person?,” my colleague Kirsten asked after I learned that Polestar’s climate bot is more human than machine. Polestar launched its “Truth Bot” on X (formerly Twitter) ahead of COP28, the UN climate conference overseen by an oil executive. The Truth Bot replies to misleading tweets about the climate crisis and […]
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