Indian food delivery giant Zomato secures $660 million

Zomato has raised $660 million in a financing round that it kicked off last year as the Indian food delivery startup prepares to go public next year. The Indian startup said Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae and Steadview participated in the round —

Unfold launches lightweight, link-centric profiles called Bio Sites

Unfold, the social media startup acquired by Squarespace last year, is launching a new tool for users to share all the links that are important to them. This is the first step Unfold has taken beyond its story-format authoring tools. Co-founder Andy McCune told me that the team has a bigger vision

OneWeb launches 36 satellites to join its global broadband constellation on orbit

In a return to active launch, constellation satellite operator OneWeb has sent 36 new satellites to join its existing spacecraft on orbit. This is the third large batch of OneWeb satellites to be delivered, after an initial launch of six in 2019, and then a second and third launch of 34 satellites

Avenue 8 raises $4M to rebuild the traditional real estate brokerage model

We’ve seen a big wave of proptech startups emerge to reimagine how houses are bought and sold, with some tapping into the opportunity with distressed property, and others exploring the “iBuyer” model where houses are bought and fixed up by a single startup and resold to homeowners

Remote physical gaming site Surrogate.tv raises a $2.5M seed round

I was made aware of Surrogate.tv's work earlier this year when the site released a Mario Kart Live: Home Circuit tournament. Nintendo's IRL take on its popular racing title was a great showcase for the technology — though, admittedly, there was enough lag in the remote operation to ma

From India’s richest man to Amazon and 100s of startups: The great rush to win neighborhood stores

After spending more than a decade disrupting the neighborhood stores in the U.S. and several other markets, Amazon and Walmart are employing an unusual strategy in India to face off this competitor: Friending them. Walmart and Amazon, both of which face restrictions from New Delhi on what all they

Troubles rise for China’s biggest chipmaker SMIC

Semiconductor Manufacturing International Corporation (SMIC), China’s top chipmaker, is under mounting pressure as reports of its CEO’s looming departure and a potential U.S. sanction concern investors. The U.S. Commerce Department is looking to add dozens of companies, mostly Chinese a

CD Projekt Red, Sony, Microsoft offer refund to Cyberpunk 2077 customers after bug complaints

Sony has pulled “Cyberpunk 2077,” one of the most anticipated games in recent years, from its PlayStation Store after a flood of complaints and ridicule over compatibility issues and bugs from customers. The gaming giant said it is offering full refunds to any customer who purchased CD

Tencent-led consortium will lift stake in Universal Music to 20%

Tencent is further strengthening its ties with music giant Universal Music Group as it continues to dominate the Chinese music streaming market. A consortium led by Tencent and comprising Tencent Music Entertainment, the internet giant’s music spinoff, is set to buy an additional 10% equity s

Foresight raises $15M for its construction workers’ compensation platform

When an accident on a building site resulted in the death of their friend, the founders of Safesite were inspired to launch the platform to digitize safety programs for construction. The data from that gave birth to a new insurtech startup this year, Foresight, which covers workers’ compensat

V7 Labs raises $3M to help AI teams 'automate' training data workflows

V7 Labs, the makers of a computer vision platform that helps AI teams “automate” and future-proof their training data workflows as advances in AI continue, has picked up $3 million in funding. Leading the seed round is Amadeus Capital Partners, with participation from Partech, Nathan Be

Alibaba ‘dismayed’ by its cloud unit’s ethnicity detection algorithm

Chinese tech giants have drawn international criticism after research showed they have technologies that enable the authorities to profile Muslim Uyghurs. The cloud computing unit of Alibaba, Alibaba Cloud, developed a facial recognition algorithm that can identify a person’s ethnicity or whe

Twitter bots and memorialized users will become ‘new account types’ in 2021

After a period of public feedback, Twitter adjusted some its plans for a new verification process, set to roll out next year. The company suspended public verification applications in 2017 and since appears to have rethought a few aspects of what information the platform should signal to its users,

Aurora sends offers to majority of Uber ATG employees, but not the R&D lab

Autonomous vehicle company Aurora Innovation sent offers Thursday to more than 75% of employees at Uber Advanced Technologies Group, just a week after announcing plans to acquire the self-driving subsidiary, according to a source familiar with the post-merger integration plans. Uber ATG Toronto, wh