Nexus’ star partner Sameer Brij Verma set to leave and launch own fund

March 21, 2024

Sameer Brij Verma, a high-profile investor at the Indian venture firm Nexus, will be leaving the fund later this year, he confirmed to TechCrunch. Verma plans to launch his own venture firm, with the inaugural fund expected to have a corpus of at least $150 million, a source familiar with the matter said. The move comes […]

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Pelikan Mobility is building a software-enabled commercial EV leasing solution

March 21, 2024

Chances are you may have noticed that many commercial vehicles are now electric vehicles — think about delivery vans, telecom minivans, utility maintenance trucks, etc. But there are still many diesel-powered commercial vehicles because it’s simply too expensive and too complicated to switch to an all electric vehicle fleet overnight. That’s why Pelikan Mobility has been […]

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Farm to Feed is cutting food loss and creating data platform to better farm outcomes

March 21, 2024

Globally, a third of the food produced is lost or wasted, and in Kenya, that figure stands at between 20% to 40%. For Kenya, unlike the developed world, food loss, not waste, is the greater problem, with small-scale farmers, who account for 75% of the total agricultural output in the country, facing a myriad of […]

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X launches top up packs for its developer API

March 21, 2024

Social network X (formerly Twitter) launched new top-up packs for its developer API program on Tuesday. These paid upgrades will allow developers to fetch roughly 10,000 posts for $100 if they hit their existing tier’s limit midway through the month. Last year, Elon Musk curtailed free API access and released new paid tiers with the […]

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Reddit prices IPO at $34 per share, the top of the range

March 20, 2024

Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company’s IPO on Thursday. The social media giant raised nearly $500 million in the offering.  Excluding employee stock options, the 19-year old company’s valuation will start at $5.4 billion, a far […]

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SpaceX looks to scale astronaut launch capacity with second Florida pad

March 20, 2024

SpaceX is in the final stages of certifying a second pad for astronaut launches, which should ease launch site congestion and help the company scale the number of humans it sends to space. SpaceX has performed 13 crewed missions, and all of them launched from Launch Complex 39A at NASA’s Kennedy Space Center. It’s the […]

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