Startups

While running a bar in Melbourne, Katy Barfield was taken aback by the large amount of ingredients thrown out at the end of each day. After doing some research, she realized that Australia produces about 7.6 million tonnes of food waste each year. Yume was created to tackle that problem by working

Byju’s, the world’s most valuable edtech startup, has cut its valuation ask by 99% in a rights issue it launched Monday as the Indian firm scrambles to meet its liabilities and operational costs. The startup is looking to raise $200 million in the rights issue, capital it said was ̶

Welcome to technewss Fintech (formerly The Interchange)! In this edition, I'm going to look at Brex's latest round of layoffs, the state of fintech investing in 2023 and more! I may be taking some time off in coming weeks but never fear, technewss Fintech isn't going away. We'll b

W elcome to the technewss Exchange, a weekly startups-and-markets newsletter. It's inspired by the daily technewss+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. This week, some thoughts on AI aesthetics, the challenge of uninsurability, and how to pitch a

Flexport, a logistics company with $2.7 billion in venture and debt funding, is reportedly planning additional layoffs. That’s according to Information, which said the firm intends to eliminate around 20% of its roles in the next few weeks. Flexport communications head Liyan Chen declined

Apple is on a roll when it comes to having its hand forced by state entities and governing bodies: Alternative payment methods, stripping features from existing hardware, allowing alternate app stores and genuine browser default competition — everywhere you turn it seems to be satisfying some rev

The world is full of businesses that try to help streamline the process of setting up a company. Doola is one such startup, and it has raised a cool $12 million to date since its inception in 2020. The company just closed a $1 million “strategic investment round” from HubSpot Ventures,

Tech layoffs are accelerating, according to the data. The surge in staff cuts comes after reductions in human capital slowed so much in the back half of 2023 that we wrote that “tech layoffs are all but a thing of the past.” At the time, reported layoffs had been trending down for months and mo

Facing tighter budgets and unabated economic uncertainty, today's buyers are scrutinizing deals more closely and asking more questions. An analysis of the state of SaaS buying identified a shift to value-focused spending as a defining trend across SaaS buying in 2023. The verdict? Buyers are sc

Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, said it has raised a funding round that values it at $1 billion. The startup, founded last year, is the fastest to become a unicorn in India, it claimed in a press statement. It’s also the first Indian AI startup to become a unic

Allianz Direct, a digital-first German subsidiary of the insurance giant, has acquired the French home insurance business of ailing insurtech Luko for €4.3 million (around $4.65 million). This was both expected and unexpected: The two companies were hoping to get the green light on a deal in Nove

The software supply chain, which comprises the components, libraries and processes companies use to develop and publish software, is under threat. According to one recent survey, 88% of companies believe that software supply chain security presents an “enterprise-wide risk” to their org

Indian food delivery startup Swiggy is cutting about 400 jobs, or nearly 7% of its workforce, as the startup seeks to bring further improvements to its finances ahead of a planned IPO later this year. This is the second round of layoffs at the Bengaluru-headquartered startup, which cut just as many

When technewss first covered gift registry platform Thankful Registry eleven years ago, its philosophy was turning the act of asking for gifts into a mindful process, instead of a greedy grab for stuff. Fast forward more than a decade, Thankful continues to lean into that mindset with its relaunch