Welcome back to the SaaS bear market

October 30, 2023

Investors have sold off cloud stocks to the point that they are in bear-market territory when compared to 2023 peaks.

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ADIA, Norges among anchor backers in Mamaearth’s $92M raise ahead of IPO

October 30, 2023

Honasa Consumer, the parent firm of skin and personal care brand Mamaearth, has raised about $92 million in an anchor round ahead of its initial public offering starting Tuesday in a major boost to the Indian startup that in many ways is testing the current appetite of the local public markets. A group of over […]

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ChatGPT app revenue shows no signs of slowing, but some other AI apps top it

October 30, 2023

ChatGPT, the AI-powered chatbot from OpenAI, far outpaces all other AI chatbot apps on mobile devices in terms of downloads and is a market leader by revenue, as well. However, it’s surprisingly not the top AI app by revenue — several photo AI apps and even other AI chatbots are actually making more money than […]

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With deadline looming, Broadcom tries to push $61B VMware deal over finish line

October 30, 2023

Broadcom announced its intention to buy VMware for $61 billion in May 2022. After clearing a number of regulatory hurdles including the U.S., UK and European Union, it announced In August that the deal would close today, but this morning the company indicated that there was one more obstacle with reports indicating that Chinese regulators […]

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