Invesco cuts Indian food delivery giant Swiggy’s valuation to $5.5 billion

May 8, 2023

Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation, as of January 31, 2023, represents a striking 48.6% decrease from the $10.7 billion valuation Invesco had previously attributed to the startup during a funding round […]

Invesco cuts Indian food delivery giant Swiggy’s valuation to $5.5 billion by Manish Singh originally published on TechCrunch

How to hack a smart fridge

May 8, 2023
This article is from The Technocrat, MIT Technology Review’s weekly tech policy newsletter about power, politics, and Silicon Valley. To receive it in your inbox every Friday, sign up here. Do you know how many internet-connected devices there are inside your home? I certainly don’t. These days, it could be almost anything: a thermostat, a…

Qualcomm acquires Autotalks to boost Snapdragon’s automotive safety technology, reportedly for $350-400M

May 8, 2023

Qualcomm’s longer term bet on the automotive sector as a lucrative customer base for its chips and related communications technology is getting a significant push today: the company announced that it is acquiring Autotalks, a fabless chipmaker out of Israel that builds semiconductor and system-on-a-chip technology to aid in automotive safety; sources tell us Qualcomm […]

Qualcomm acquires Autotalks to boost Snapdragon’s automotive safety technology, reportedly for $350-400M by Ingrid Lunden originally published on TechCrunch

Elizabeth Holmes, left to her own devices

May 8, 2023

Critics are flaming The New York Times today for posting what they says is an overly empathetic 5,500-word profile of Theranos founder Elizabeth Holmes this morning. Nice to be a pretty white lady working your charm on a nyt reporter. https://t.co/BTPukyMt9A — Soledad O’Brien (@soledadobrien) May 7, 2023 pretty incredible to write a performatively angsty […]

Elizabeth Holmes, left to her own devices by Connie Loizos originally published on TechCrunch

3one4 Capital, driven by contrarian bets, raises $200 million new fund

May 8, 2023

Partners of 3one4 Capital, a venture capital firm in India, recently went on a road show to raise a new fund. Within two and a half months, at the height of the worsening global economy, they had secured $200 million. It’s the fourth marquee fund for the Bengaluru-headquartered fund, whose portfolio includes four unicorn startups. […]

3one4 Capital, driven by contrarian bets, raises $200 million new fund by Manish Singh originally published on TechCrunch