It’s been a tough year for tech startups globally. These struggles have manifested in layoffs, down rounds and complete shutdowns caused by current market conditions, utter mismanagement or fraud. This August, SoftBank sued one of its portfolio companies, IRL, a social media platform poised to become an event organizing alternative for Gen Zs, for fraud. Earlier […]
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Husk Power Systems, a clean energy company at the forefront of fueling rural electrification since 2008 and that announced plans to launch 500 solar mini-grids in Nigeria over the next five years, has raised $103 million Series D in equity and debt to meet its objectives. The capital injection includes $43 million in equity, which […]
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Much has been made of AI-powered videos which can either make a real person speak different words or other languages, or generate a synthetic person which can speak on-demand. A few years ago former football star David Beckham helped push the idea into the mainstream via a video from Synthesia, where he spoke different languages […]
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Byju’s CFO Ajay Goel, who joined the edtech giant in April this year, has already resigned, the two said Tuesday, in the latest setback for the startup that is grappling with scores of challenges. Goel will leave Byju’s after completing the long-delayed audit formalities for the financial year ending March 2022 and return to mining […]
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Ajay Goel, who joined Byju’s as CFO in April this year, has already quit the edtech giant, the two said Tuesday. Goel will leave the firm after “completing the audit formalities” for the financial year ending March 2022 and return to mining conglomerate Vedanta, Byju’s said. Byju’s said it has appointed industry veteran Pradip Kanakia […]
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Roblox China was once full of promise. Since its localized platform, which is a joint effort with Tencent, abruptly halted operation nearly two years ago, the company has been quiet about its standing in the world’s second-biggest gaming market until now. TechCrunch learned that Roblox China, also called LuoBu (罗布乐思), initiated a round of layoffs […]
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Circu Li-ion cofounder and CEO Antoine Welter says his startup’s upcycling machine can diagnose batteries in seconds. “We know exactly which cell can be reused and which one can’t,” he told TechCrunch on Monday. Circu Li-ion is in the business of saving usable battery cells from shredders. The German startup’s machine identifies batteries by their […]
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