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It took SoftBank several years, but the Japanese investment giant is now ready to bet on India's food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus. The new financing round, a Series J, includes the $800 million in

The United States estimates of the food produced here approximately 40% is wasted. Globally, $2.6 trillion annually is lost. Berlin-based Choco, which has built ordering software for restaurants and their suppliers, is working to digitize the food supply chain and announced $100 million in Series B

YouTube has acquired social commerce startup Simsim, the Google-owned firm said on Tuesday. Neither of the firms disclosed the terms of the deal, but two people with knowledge of the matter told technewss the Indian startup was valued at more than $70 million. Two-year-old Simsim had raised about

Welcome to the city survey of Bielefeld, Germany, part of our ongoing survey into European cities. If you’d like your city featured, just fill in this form and add your city name. Once we have enough entries from a city, we will put your city on technewss! According to local media reports, B

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. Hello and welcome to Daily Crunch for July 19, 2021. In the old days, venture capital had seasons. VCs didn't work in December, and the July-August period cou

GM will add a full-size electric pickup truck to its GMC lineup, the latest in a string of EV product announcements by the automaker in the past year as it pushes to deliver more than 1 million electric vehicles globally by 2025. The EV pickup was shared in a slide deck during the media presentatio

Over the weekend, an international consortium of news outlets reported that several authoritarian governments — including Mexico, Morocco and the United Arab Emirates — used spyware developed by NSO Group to hack into the phones of thousands of their most vocal critics, including journalists, a

A major attraction of Africa is its large population of 1.2 billion, which hints at a sizable addressable market. But what happens when your target audience is the governments of 54 countries? In our situation, that was the case. We started Domineum Blockchain Solutions with the intention to help A

Edtech giant Duolingo set an initial price range for its impending IPO today. The unicorn expects to price in its public debut at $85 to $95 per share, selling 3,700,000 in the deal. Another 1,406,113 shares are being sold by existing shareholders, and 765,916 shares are being offered to underwriti

I’ve fundraised a lot. Tactically, fundraising is a skill like any other. You get better the more you do it. But practicing gets you nowhere if you don’t have a strong foundation in understanding a fundraising round’s core components. As a founder, you will understand less than in

Blue Origin is set to launch its fully reusable New Shepard spacecraft with humans on board for the first time on Tuesday, and it’s sending Amazon founder and billionaire Jeff Bezos up along with his brother and two record-setting astronauts. The launch livestream above is scheduled for 6:30

The rumors of a CNN streaming service were true. The network has unveiled a CNN+ service that will offer a blend of live and on-demand shows that are “separate and distinct” from existing TV coverage. It will debut sometime in the first quarter of 2022. CNN hasn’t narrowed down th

Uber has announced the first major expansion of its grocery delivery service in the US. The company is more than doubling the number of service areas this week to north of 400 cities and towns. It now serves several major markets through the Uber and Uber Eats apps, including San Francisco, New Yor

Velodyne Lidar CEO Anand Gopalan is leaving the lidar company at the end of July as the sensor supplier continues to struggle with internal drama. Gopalan, who was previously CTO, is leaving the top leadership position after about a year and a half on the job. Velodyne said Monday i