Startups

Lenskart has signed a definitive agreement to raise $500 million from the Abu Dhabi Investment Authority, they said Wednesday, at the height of the market slump as the Indian eyewear retailer bulks up its offerings and scales to international markets. The investment, an extension to last year's

BlaBlaCar has announced that it plans to acquire Klaxit, a smaller French startup. Klaxit is a carpooling service so that you don't have to drive your car to work every day. BlaBlaCar has its own commuting service called BlaBlaCar Daily. Klaxit will complement this service after the acquisition

Everyone has a story about their first BlackBerry. But no one cares if you had a 6230, Bold 9700 or, 7130e. They were groundbreaking phones for a time, and this upcoming movie gives a backstory. It stars Jay Baruchel and Glenn Howerton, and I think it answers why the BlackBerry service used to cra

Meal delivery services can save time, and typically money, but imagine getting a Michelin-star meal delivered to your home. Enter meal delivery startup Entrée. Jon Bell and Jason Weingarten launched in Chicago last July with a Michelin-trained culinary team — led by Alex Carnovale of The French

Dakotah Rice, the founder of investing platform Poolit, was sitting on his couch Thursday watching CNBC as he does every morning. Then, his phone started ringing — and didn't stop. “I started getting texts and calls from my investors saying, 'Look, you should move your money out of Sili

OpenAI shipped GPT-4 yesterday, the much-anticipated text-generating AI model, and it’s a curious piece of work. GPT-4 improves upon its predecessor, GPT-3, in key ways, for example giving more factually true statements and allowing developers to prescribe its style and behavior more easily.

Growth at all costs is out — and cutting burn and extending runway is in. And now that many startups are running through the venture funding they raised in the go-go-go times of pre-2021, many founders are facing the difficult task of reducing expenses to extend their runway. As part of the finan

Medwing, a European startup building a recruitment marketplace for healthcare workers, has raised €44 million ($47 million) in a Series C round of funding. Founded out of Berlin in 2017, Medwing targets the healthcare industry in Germany and the U.K. with a platform designed to match hospitals an

One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. The Gurugram-based startup is building an Amazon-like platform to help bra

Intellect, the Singapore-based mental health platform that now serves over three million users in 20 countries, is getting ready for a new phase of growth after striking a strategic partnership with IHH Healthcare, Asia's largest private healthcare group. IHH Healthcare will work with Intellect

HealthPlix, an Indian startup offering its in-house platform for doctors to help record patient data digitally, has raised $22 million in fresh investment to broaden its reach in the country and allow more doctors to utilize its software to offer improved care to their patients. In India, roughly 3

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Imagine being a tech reporter coming back after a few lovely days at Disney World with the family, only to discover that the entire startup ecosystem is in turmoi

Alongside GPT-4, OpenAI has open sourced a software framework to evaluate the performance of its AI models. Called Evals, OpenAI says that the tooling will allow anyone to report shortcomings in its models to help guide improvements. It’s a sort of crowdsourcing approach to model testing, Ope

SVB’s new CEO Tim Mayopoulos has had a lot to say in the 24 hours since he joined the bank on Monday. In a private Zoom meeting run by SVB for a select number of LPs and investors, he asked clients to return deposits to the institution: “That's the single-most important thing you can do