India’s Oyo, once valued at $10 billion, seeks new funding at 70% discount

May 7, 2024

Oyo, the Indian budget-hotel chain startup, is negotiating with investors to raise a new round of funding that could cut the Indian firm’s valuation to $3 billion or lower, three sources familiar with the matter told TechCrunch. The startup is engaging with investors, including Malaysia’s sovereign wealth fund Khazanah, for the new funding, the sources […]

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What we learned from the indictment of LockBit’s mastermind

May 7, 2024

On Tuesday, U.S. and U.K. authorities revealed that the mastermind behind LockBit, one of the most prolific and damaging ransomware groups in history, is a 31-year-old Russian named Dmitry Yuryevich Khoroshev, aka “LockbitSupp.” As it’s customary in these types of announcements, law enforcement published pictures of Khoroshev, as well as details of his group’s operation. […]

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Inside Mercury’s competitive push into software and Ramp’s potential M&A targets

May 7, 2024

Welcome to TechCrunch Fintech! This week, we’re looking at Mercury’s latest expansions, wallet-as-a-service startup Ansa’s raise and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. (New day and time, same awesome newsletter!) The big story Digital banking startup […]

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Here’s Apple’s new iPad lineup

May 7, 2024

While the entry-level iPad didn’t receive an update, the company lowered its price, too. And of course, yes, the iPad mini is still around.

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