Getir, the $12B instant delivery startup, plans to axe 14% of staff globally and cut aggressive expansion plans

It continues to be a very rough week for e-commerce companies in Europe. In the latest development, technewss has learned and confirmed that Getir — the $12 billion quick commerce upstart that provides grocery essentials and sundries and promises delivery of them in minutes — is cutti

Gen Z social app Yubo rolls out age ‘estimating’ technology to better identify minors using its service

Yubo, a social livestreaming app popular with a Gen Z audience, announced today it’s becoming one of the first major social platforms to adopt a new age verification technique that uses live image capture technology to identify minors using its app, in order to keep them separated from adult

StarkWare quadruples valuation to $8B in 6 months, closing round in choppy market

Amid conversations of a crypto market downturn, there's still capital being raised as demand for scalable blockchain infrastructure grows. The most recent example of that fact is StarkWare Industries, which just raised $100 million at a valuation of $8 billion, the company shared on Wednesday.

Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth

Affordability is one of the biggest impediments for insurance penetration in Kenya. Often, policy holders are required to make one-off payments for long-term covers, and the quoted sums are usually beyond the reach of most people. It is this gap that Kenyan insurtech MotiSure is working to seal. Th

Lalo launches an app to memorialize loved ones

The “Death Tech” industry might seem unsettling — do you really need to turn your dead relative’s ashes into a diamond? But when it comes to storing digital memories of loved ones, unwieldy Facebook groups and mass Google photo albums aren’t cutting it. Today, the Lalo

Crypto asset manager Babel Finance reaches $2B valuation

Despite recent swings in cryptocurrency values, many institutional investors appear undeterred. The growth of Babel Finance, which offers a suite of institution-facing crypto financial products, could be an indicator of how banks, investment funds and other traditional investors are embracing the e

Kim Kardashian lends her taste buds to Beyond Meat as first chief taste consultant

Beyond Meat has some new star power behind its plant-based meat brand in Kim Kardashian. The entrepreneur and influencer extraordinaire came on as the company's first “chief taste consultant” and will be featured in a new campaign touting her recipes for using Beyond Meat and other creative

Mayfield's Navin Chaddha: I’ve looked at clouds from both sides now

I have looked at tech from both sides now (h/t Joni Mitchell), as a three-time entrepreneur and as a venture investor through two downturns. On the startup side, my first company, VXtreme, was acquired by Microsoft and became the platform for media streaming over the internet. My second experience

Adam Neumann’s blockchain-based redemption story now sponsored by a16z

In a classic “pivot to crypto to reinvent yourself” moment, controversial WeWork founder Adam Neumann recently launched a startup, Flowcarbon, to sell tokenized carbon credits on the blockchain. Venture capitalists just can’t seem to get enough of Neumann and his spouse/co-founder

Here are all of the companies presenting at Alchemist Accelerator’s 30th Demo Day today

It’s Demo Day time! Today marks the 30th Demo Day for Alchemist, the enterprise-focused accelerator that helped grow companies like LaunchDarkly, Rigetti Computing and Privacera early on. As an enterprise accelerator, the companies Alchemist backs generally focus on selling things to other co

Nowports streamlines LatAm’s shipping to deliver a $1.1B valuation

  Nowports, an automated digital freight forwarder in Latin America, has raised $150 million in a Series C funding round which values the company at $1.1 billion. For the unacquainted, digital freight forwarders use digital tools that improve communication and efficiencies in t

Anduril is raising up to $1.2B, sources say at a $7B pre-money valuation, for its defense tech

Technology built to improve state resilience — be it in the form of cybersecurity, energy independence, national defense or something else entirely — has come into stronger focus in the wake of the war in Ukraine, and the lines it has drawn between countries on the two sides of that con

Your investor has an investment thesis. Here’s why you should care

I work with a bunch of founders who have incredible stories, great pitch decks and solid businesses — and they get confused when investors turn them down anyway. A lot of the time, it doesn’t matter how good your company is. What matters is whether it matches up with your investor̵

Parallel Learning expands remote special education assessment and tutoring with $20M round

If a kid is having trouble at school, one of the standard steps is to schedule an assessment for conditions like dyslexia, ADHD or anything else that might require a special approach. But with teachers and psychologists overworked and in short supply, Parallel Learning is hoping that remote options