As demand for real estate VR booms, Founders Fund leads $16M round into Giraffe360 platform

The property industry now requires high-quality photographs, floor plans and virtual tours, so the industry for software providers in the space is booming. The whole area was accelerated during the pandemic, when many property viewings migrated from physical to virtual, and this trend has continued

Seoul court rejects warrants for former Terraform Labs employees and investors over Luna collapse 

A Seoul court rejected a request from prosecutors for warrants to detain eight people related to Terraform Labs, including the co-founder of Terraform Labs, Daniel Shin, early investors and former engineers. It’s difficult to believe they would flee or destroy evidence as Shin and the seven o

With $3M new funding, Egyptian startup OneOrder sets out on growth drive

OneOrder, Egypt's supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude, with participation from A15 and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5 million, including $6.5 million working capital

Social commerce startup Kapu, by ex-Jumia executive, comes out of stealth with $8M funding

Kapu, a social commerce startup coming out of stealth today having raised $8 million seed funding, is hoping to help lessen the burden of buying food for Kenyan consumers, many of whom are grappling with sky-rocketing food prices. Kapu founder Sam Chappatte, former Jumia Group executive vice presid

Egypt’s SideUp raises $1.2M to grow its e-commerce support platform

After four years operating primarily as a logistics marketplace, Egypt's Voo has rebranded to SideUp and transformed its strategy to offer a complete spectrum of e-commerce support services, including payment gateways, API integration for shipping, warehousing, fulfillment and advisory. The sta

Copycats can drown  

Welcome to Startups Weekly, a nuanced take on this week's startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. To end the year, let's continue to return to columns that I wrote that have aged, well, interestingly. In J

Daily Crunch: ChatGPT’s user experience and implementation ‘should have Google scared’

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. Heeeey! Today has been a fun, rich, and varied day of news on your favorite tech news site. Haje got the unfortunate news that he will be attending his 15th CES i

Q&A: 'Better Venture' authors on why VC has failed to reinvent itself

On Wednesday, Erika Brodnock and Johannes Lenhard published their book, “Better Venture: Improving Diversity, Innovation, and Profitability in Venture Capital and Startups,” which serves as a guide for those looking to increase diversity, equity and inclusion in the venture capital market. The

GoStudent uses its warchest to acquire large network of traditional tutoring centres in Europe

GoStudent — the Austria-based late-stage tutor marketplace that has raised $686.3 million (and attained a €3 billion valuation) to date — has acquired Germany-based Studienkreis, a traditional tutoring company, founded in 1974, which is focused on the German-speaking “DACH” region

Smoodi closes $5M to expand reach for its robotic smart blender

Smoodi wants to see its smoothies in the hands of, well, everyone, and a new infusion of capital and distribution partnership has the startup well on its way. Incubated out of Harvard's Innovation Lab in 2018, CEO Pascal Kriesche and Morgan Abraham call their company a “healthy smoothie store

Treasury management should be top of mind for startup founders

Liquidity is your company's lifeline. With it, you have a fighting chance of achieving your vision, but when you’re out of money, you’re on the course to ruin. It's no secret that the startup funding environment isn't what it was a year ago. As interest rates have climbed, d

India's KreditBee raises $80 million from Azim Premji's Premji Invest, Motilal Oswal Alternates, among others

The digital loans business in India has been the subject of a lot of controversy, not least for over-predatory and un-transparent practices, yet that’s existed alongside the rise of a handful of startups hoping to apply tech to build products that are clearly understood and fill a need in the

Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs

Indian social media startup ShareChat, backed by Twitter, Tiger Global and Temasek, is shutting down its fantasy sports platform Jeet11 and has laid off some employees. People familiar with the matter told technewss that the startup sent an email to its affected employees last month. The platform

Kenya’s Uncover raises $1M to expand skincare product enterprise across Africa

Africa's beauty and personal care market is growing, accelerated by its burgeoning young and fashion-conscious population, increased spending power and urbanization. The market's potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest ent