Category: Tech Crunch

PeopleFund, a South Korean marketplace that connects borrowers and investors to enable lending, has recently added $20 million to its $63.4 million Series C. Existing backer Bain Capital led the extension, with participation from previous investors such as Access Ventures, CLSA Capital Partners Lending Ark Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners […]

Mark Boggett Contributor Mark Boggett is the CEO and co-founder of the Seraphim Space Manager LLP, the world’s first listed fund focused on space tech. Cell phone connectivity from space Multiple players in the industry have recently set their sights on direct-to-mobile connectivity from space. While it’s still a very early market with limited existing […]

Before founding The Edit LDN, Moses Rashid frequented sneaker festivals and exhibitions to buy limited edition shoes. But Rashid, who describes himself as a “huge sneakerhead,” was often disappointed by the shopping experience. “I found it crazy that I was dropping $850 on a pair of sneakers but I wouldn’t even get a bag to […]

An increasing number of organizations are adopting microservices, the loosely-coupled, independently-deployable services that together make up an app. According to a 2020 O’Reilly survey, 77% of organizations had adopted microservices as of then, with 29% reporting that they were migrating or implementing a majority of their systems using microservices. The widespread microservices adoption has spawned […]

Occasionally, in my role as a consultant, I am approached by companies that have a plan in place for their fundraising that doesn’t involve the CEO or a member of the founding team running point on the fundraising process. From one perspective, I can understand that: VC fundraising does, from the outside, look a lot […]

Late last week, in a rare sit-down before a small audience, this editor spent an hour with Sam Altman, the former president of Y Combinator and, since 2019, the CEO of OpenAI, the company he famously co-founded with Elon Musk and numerous others in 2015 to develop artificial intelligence for the “benefit of humanity.” The […]

When Constantin Robertz was working at Zalora, he was involved in moving warehouses six times as the e-commerce company outgrew its logistics infrastructure. This inspired him to co-found Locad, a logistics provider for omnichannel e-commerce companies that connects its network of third-party warehouses and shipping carriers with a cloud-based platform referred to its “logistics engine.” […]

ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month after eliminating more than 100 roles. The startup informed its employees about the decision on Monday morning. It deactivated access to accounts and wiped out […]

Byju’s has made a key change in its sales strategy, moving away from a business practice that attracted the edtech giant criticism over the years. The Bengaluru-headquartered startup, India’s most valuable, said on Monday its sales people no longer visit students’ homes to pitch to their parents. Instead, the entire sales workforce now works from […]