Startups

KKR is doubling down on its bet in Reliance Retail, valuing India's largest retail chain at $100 billion in a fresh $250 million investment. The deal follows the Qatar Investment Authority investing $1 billion in Mukesh Ambani’s retail empire just last month. The New York-headquartered pr

There’s a gold rush on in biotech as AI and other tools are used to find new drugs and treatments. With $5.5 million in new funding, Scala Biodesign is focusing these methods on a related problem: making existing or promising drugs more practical by tweaking them one (or more) molecule at at

Satellites have come into focus as a critical way — and sometimes the only way — to deliver communications and receive data about certain locations around the world, a power position that can be heroic but also ripe for abuse, and that’s before considering how their presence contr

India will reconsider allowing local firms to list on foreign exchanges, including the London Stock Exchange, Finance Minister Nirmala Sitharaman said Monday, in a move that could allow startups in the South Asian nation to gain access to foreign capital for growth. One of the exchanges India is co

Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and non-banking financial institutions, has raised $229 million in a new funding round as it looks to deepen its expansion in North America and Europe. The 15-year-old startup’s Series D funding was led

Parker Conrad may be best known as the founder of both Zenefits and Rippling, but he is also arguably the best-known founder to have gone through Y Combinator’s accelerator program twice. Of course, he’s not the only one to go through the program twice; some founders have even gone thro

"">Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. if you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! SimpleClosure While we would love for all startups to succeed, the reality is that the vast

Deals, whether via funding rounds or acquisitions, say a lot about the state of a startup sector and what investors are thinking about it. Sometimes, though, a lack of deals tells us more. Bloomberg reported that Victory Park Capital was looking, and struggling, to find a buyer for its stake in Per

When Flexport founder Ryan Petersen picked Amazon consumer chief Dave Clark to lead the buzzy freight forwarding and logistics startup, he noted that they needed an “entrepreneur” and a builder, not another executive. It seems the pair had different visions for what that meant. And now,

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. All right, all right, all right. Over the past few days, I've been listening to Matthew McConaughey's memoir Greenlights, as read by the author. I honestly don't know what compelled me to listen to it or how

Over the years, I’ve seen a lot of startup decks covering all sorts of industries, verticals and stages. And I’ll admit that decks for education-based startups are pretty rare, and a team of folks trying to set up a brand-new, remote-only university is rarer still. Tomorrow University r

After the collapse of FTX, crypto traders have been looking for decentralized, non-custodial and safer ways to execute orders and store their assets. This explains why some decentralized crypto exchanges (DEXs) like Brine Fi are getting investor interest even as VCs across the board continue to kee

While a medical student at UC San Francisco, Dereck Paul grew concerned that innovation in medical software was lagging behind other sectors, like finance and aerospace. He came to believe that patients are best served when doctors are equipped with software that reflects the cutting edge of tech,

Y Combinator's Summer 2023 cohort wrapped up its parade of pitches to investors and media alike on Thursday. If you missed our look at startups from the first day's presentations, head here. While the well-known accelerator has trimmed its batch size in recent years, it's still working