Startups

The global re-commerce market is poised for growth as consumers increasingly settle for pre-owned goods to save on cost, and as some observe conscious consumption. With the global re-commerce market expected to continue its growth spurt, marketplaces like Saudi Arabia's Soum are looking to capt

Bird has filed for Chapter 11 bankruptcy, capping off a turbulent year for the electric scooter company. In a press release today, Bird confirmed that it had entered into a “financial restructuring process aimed at strengthening its balance sheet,” with the company continuing to operate

ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to as low as below $1.5 billion, according to two sources familiar with the matter. Existing backers including Temasek and Tencent are among the investors in advanced st

Micromobility.com, formerly Helbiz, was delisted from the Nasdaq on Monday as a result of the company’s noncompliance with the stock exchange’s listing rules, according to a regulatory filing. Competitor Bird — the only other shared micromobility company to brave the public market

We last wrote about Breakr — a platform that connects record labels, artists and brands with social media influencers to run mass campaigns in a programmatic way — when it closed a $4.2 million round in 2021. In the past two years, Breakr has onboarded more than 30,000 influencers and

One of the advantages of using Kubernetes to handle container orchestration is that the containers are ephemeral, living only as long as needed and then going away. That was supposed to help solve a resource allocation problem because the containers should run just long enough to handle the job. B

Several would-be antidotes to the supersized and high-priced EV trend kicked the bucket this year. That’s bad news for everyone, even if you’d pick a beefy Cybertruck over something resembling a teeny Kei car. Cars in general are no substitute for more efficient modes of transportation

Poor grocery demand forecasting is responsible for more waste than you might expect. According to one source, grocery stores in the U.S. toss 10% of the roughly 44 billion pounds of food that the country produces annually. It’s not only bad for the environment — food waste is a major so

2023 proved to be a challenging year on the ransomware front after a brief lull in 2022. According to data from cryptocurrency tracing firm Chainalysis, victims had paid ransomware groups well over $400 million combined as of July 2023. Statista, meanwhile, reports that a whopping 72% of businesses

Black founders in the U.K. are also seeing the impact of venture's winter year. Black founders in the United Kingdom raised only 0.95% of all venture investment allocated in the country so far this year (or just $165 million out of around $17.3 billion), according to a new report by Extend Vent

Adobe has called off its deal to acquire Figma for $20 billion due to regulatory concerns in the EU and the United Kingdom, adding yet another data point to worries that the stricter stances taken by the world's governments regarding competition rules may negatively impact startup exits. Ventur

Meltwater, which first made its name around media monitoring and then got active in business intelligence using AI and big data analytics techniques, is picking up a new investor. Verdane, a Norwegian private equity firm that earlier this year closed a $1 billion+ fund to make investments in scalin

Autonomous vehicle company May Mobility has launched its first driverless on-demand microtransit service on public roads in Sun City, Arizona in partnership with transit tech company Via. The milestone is in line with May Mobility’s goal of launching rider-only operations by 2023. It also sig

I think most people would agree that 2023 was a challenging time to be a startup. There were lots of layoffs as companies struggled to make the transition from growth to profitability. Meanwhile, sales cycles were longer and many startups struggled to grow at a decent pace. As we start to see the e