BukuKas raises $10 million led by Sequoia Capital India to build an ‘end-to-end software stack’ for Indonesian SMEs

The backbone of Indonesia's economy are small to medium-sized businesses, which account for 60% of its gross domestic product. Many still rely on manual bookkeeping, but the impact of COVID-19 has driven small businesses to digitize more of their operations. BukuKas, one of several startups hel

Content discovery platform Dable closes $12 million Series C at $90 million valuation to accelerate its global expansion

Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Now it plans to speed up the pace of its expansion, with six new markets in the region planned for this year, before entering European countries and the United States. Dable announced

Flexible VC: A new model for startups targeting profitability

Of the Inc. 5000 companies, only 6.5% raised money from VCs and 7.7% raised from angels. Where else can fast-growing companies get funding? More and more startups are pursuing revenue-based VCs, but it’s not a good fit for everyone. A new category of investors has emerged offering a hybrid be

Sneaker enthusiast group SoleSavy raises $2M, setting the stage for a community-driven commerce boom

SoleSavy, a community built around buying hot sneakers and related items that are increasingly hard to acquire at retail, raised $2 million in a round that closed late last year. SoleSavy is a group of communities that is currently mostly hosted on Slack.  SoleSavy's co-founders Dejan Pralica

Snap acquires location data startup StreetCred

Snapchat’s parent company Snap has acquired StreetCred, a New York City startup building a platform for location data. Snap confirmed the news to technewss and said the acquisition will result in four StreetCred team members — including co-founders Randy Meech and Diana Shkolnikov — join

Healthvana’s digital COVID-19 vaccination records are about communication, not passports for the immune

As the vaccination campaign to counter COVID-19 gets underway (albeit with a rocky start), a number of companies are attempting to support its rollout in a variety of ways. Healthvana, a health tech startup that began with a specific focus on providing patient information digitally for individuals

Cryptos lose ground as bitcoin falls 23%, ether 29% in last 24 hours

After rallying to record-setting prices, recapturing the attention of the public and becoming once-again the topic du jour, cryptocurrencies are losing ground today. Bitcoin, the best-known cryptocurrency, peaked at more than $41,000 apiece on January 8. Today after shedding a little over 23% in th

Inadequate federal privacy regulations leave US startups lagging behind Europe

“A new law to follow” seems unlikely to have featured on many business wishlists this holiday season, particularly if that law concerned data privacy. Digital privacy management is an area that takes considerable resources to whip into shape, and most SMBs just aren't equipped for it. But f

Revolut applies for UK banking license

It's hard to believe that fintech startup Revolut doesn't have a proper banking license in its home country. But this is about to change, as the company has applied for a banking license in the U.K. Up next, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA)

Get live feedback on your pitch deck from big-name VCs on Extra Crunch Live

Your startup’s pitch deck could be the difference between getting funded or getting ignored. It’s often the first point of contact between a company and venture investors, but it’s also a bit of a black box. How do these investors consume this content? Are they speed-flipping thro

Vision Fund backs Chinese fitness app Keep in $360 million round

As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes and health-conscious snacks, among other things, it’s bringing in new investors to fund its ambitions. On Monday, Keep said it has recently closed a Series F financing round of $360 milli

Indonesian investment platform Ajaib gets $25 million Series A led by Horizons Venture and Alpha JWC

Ajaib Group, an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC. Returning investors SoftBank

What is up with Tesla’s value?

The last year taught us that the connection between the stock market and the economy is imprecise at best. Despite some useful commentary underscoring the two are at least somewhat linked, it’s clear that many Americans can lose their jobs and financial security at the same time that stocks

Jumbotail raises $14.2 million for its wholesale marketplace in India

Jumbotail, an online wholesale marketplace for grocery and food items, said on Friday it has raised an additional $14.2 million as the Bangalore-based startup chases the opportunity to digitize neighborhood stores in the world's second-largest internet market. The five-year-old startup said the