Musinsa, a Seoul-based fashion marketplace, said Wednesday it has raised a $190 million round of Series C funding led by KKR, with participation from Wellington Management. The new capital put Musinsa’s valuation at approximately $2.76 billion (more than 3 trillion won), per sources familiar with the situation. The Korean fashion e-commerce startup declined to provide […]
Over a year following the inaugural season of the Indian edition of Shark Tank, the seven esteemed investors made good on less than half of their investment pledges, according to a new analysis, the latest in a series of criticisms for the show. The “sharks” overall invested in only 27 of the 65 investment pledges […]
A former administrator of the National Highway Traffic Safety Administration (NHTSA) has responded to a full-page ad taken out in several major newspapers by Cruise, General Motors’ self-driving subsidiary, that calls humans terrible drivers. The ad points to the nearly 43,000 crash fatalities in 2022 and promotes autonomous vehicles as the solution. “Using the pain […]
Forerunner Ventures made its name in the venture world by betting on once-nascent startups like Jet, Bonobos and Glossier when it was far easier to build a digitally native brand than today. But as commerce has evolved, so has the firm. As part of that evolution, Forerunner five years ago brought aboard veteran VC Brian […]
Basecamp, one of the widely used project management tools first released in 2004, is now available to users in India with special reduced pricing that is as low as about $4 a month. On Tuesday, 37signals co-founder and CEO Jason Fried announced the reduced pricing of Basecamp for new customers in India. The tool is […]
The generative AI landscape grows larger by the day. Today, Meta announced a new family of AI models, Llama 2, designed to drive apps such as OpenAI’s ChatGPT, Bing Chat and other modern chatbots. Trained on a mix of publicly available data, Meta claims that Llama 2’s performance improves significantly over the previous generation of […]