Meesho has cut 15% of its workforce, or 251 roles, as the Indian social commerce startup pares its expenses to improve its financial health. This is the second round of job cuts at Meesho, which eliminated about 150 roles a year ago. The Bengaluru-headquartered startup, backed by Fidelity, Prosus, SoftBank, Sequoia India and Meta, said […]
India’s Meesho cuts 251 jobs by Manish Singh originally published on TechCrunch
Small to medium-sized enterprises contribute 60% of Indonesia’s gross domestic product. But companies in the D2C space still struggle to compete against bigger brands. Praktis wants to put them on a more level playing field. The startup, which handles everything from raw material purchases to order fulfillment for D2C brands and suppliers, announced today it […]
Praktis lands $20M to help Indonesian D2C brands handle their supply chains by Catherine Shu originally published on TechCrunch
It’s been almost five years since this editor sat down with longtime VC Harry Nelis and three other investors from Accel’s London office to talk about the trends rippling through the venture industry at the time. At the time, our talk largely centered on Brexit and SoftBank’s feverish pace of investment, which at the time […]
In Europe, Accel banks on a turnaround over the next six to nine months by Connie Loizos originally published on TechCrunch
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Daily Crunch: Shopify lays off 20% of staff and sells its logistics arm to Flexport by Christine Hall originally published on TechCrunch
In the first three months of the year, the U.S. cryptocurrency exchange generated net revenues of $736 million.
Investors cheer as Coinbase beats Q1 expectations by Alex Wilhelm originally published on TechCrunch
Lyft shares tanked as much as 12% moments after the company reported first-quarter earnings as investors placed more weight on a dim outlook and lower quarter-over-quarter revenue than other financial gains. Shares have since stabilized in after-hours trading, now trading down about 10%. Lyft beat both its own revenue expectations and Wall Street’s, but it […]
Lyft shares tumble as investors react to dim outlook by Rebecca Bellan originally published on TechCrunch