Venture

Prosus is actively engaging with multiple players to explore the sale of classified business Olx’s Autos unit in several markets, including India and Indonesia, according to a source familiar with the matter. In a statement, the technology investor said pursuit of a global growth strategy for

Some venture capital firms, including some of the biggest names in the game, are advising their portfolio companies to remove money out of Silicon Valley Bank after the storied bank announced this morning that it intended to sell shares in pursuit of more capital. Silicon Valley Bank's shares a

Wheel the World wants to open the world up to people with disabilities and has made it its mission since 2018 to provide travel accommodations and experiences that fit their needs, both in the United States and worldwide. Today, the company announced two new booking tool features, including guarant

Slice has acquired a 5% stake in the Indian bank North East Small Finance in what analysts say is a key step in the unicorn fintech startup’s journey amid mounting challenges from the central bank that has toppled many young firms. The Bengaluru-headquartered startup invested $3.42 million fo

The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing.

A marching band, a red carpet and a DJ who codes her beats are all things you can get before coffee (and a business card) at the Upfront Summit, one of venture's most awaited conferences. But not even a marching band could pull focus away from the true star of the show: AI. Upfront Summit found

Felicis, a now 17-year-old, San Francisco- and Menlo Park-based venture firm, is announcing today that it has closed its ninth flagship fund with $825 million, compared with the $600 million core fund that it announced in the summer of 2021. The vehicle brings the firm’s total assets under ma

technewss Live took a virtual visit to Boston this week at our special City Spotlight: Boston event. During the special, extended event, influential Boston founders and investors spoke, including Boston Robotics founder Marc Raibert and MassChallenge CEO Cait Brumme. The event started with Greg Dr

Consumer tastes are ever changing, but one thing's for sure: People are looking for healthier food options, including their favorite comfort foods. Ramen is often a pantry staple, known jokingly for being the food of choice for college students and young entrepreneurs, but the market potential

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Former Facebook exec turned VC Chamath Palihapitiya has long been a controversial figure in the investing world. Both brilliant and combative, Palihapitiya came to be known most widely by ushering in the era of special purpose acquisition companies, or SPACs, beginning in the fall of 2019, when he

On a recent winter morning in New Delhi, Rajan Anandan and Pieter Kemps were pacing the floor of a five-star hotel, quizzing a group of over two dozen young startup founders about their goals. One founder set eyes on getting the most downloads in the mobile gaming category. Another pledged to reach

The good times are starting to roll in the New Orleans startup ecosystem. technewss spoke to local founders and investors for a vibe check: How is the city emerging as a tech hub? A flood of both founders and capital is entering the market; that, coupled with tax and business incentives to keep th

Bain Capital Ventures is doubling down on what works, literally. The venture firm, one of Bain's 11 financial divisions, has raised $1.9 billion across two funds, one for seed to growth-stage startups that hovers around $1.4 billion, and one for later-stage opportunities that closed around a th