Walmart readies another $2.5 billion investment in India’s e-commerce and payments Walmart is making another big bet on India’s booming digital economy The world’s largest retailer is injecting another $2.5 billion into its India business, as the company looks to accelerate its growth in the country’s burgeoning e-commerce and payments market. Walmart’s investment will come
Qiara is a new home security service for the French market What is Qiara? Qiara is a new home security service for the French market. The service offers a variety of features to help keep your home safe, including: Remote access to your home security system 24/7 monitoring of your home Home automation features How
FJ Labs, the early-stage venture firm founded by Fabrice Grinda and Jose Marin, has closed on $260 million across two new funds. The firm, which focuses on e-commerce and marketplace startups, has been one of the most active early-stage investors in recent years. It has backed companies like Udemy, Alibaba, OfferUp, and Compass. The new
Getsafe expands to France starting with home insurance Getsafe, the digital insurance startup from Germany, is expanding to France. The company is starting off with home insurance and is planning to add more products in the future. Getsafe is a digital insurance startup that was founded in Germany in 2015. The company offers a variety
According to a report by the Wall Street Journal, Silicon Valley startup Welcome to the Jungle has raised $54 million in a Series C funding round, led by Index Ventures. Welcome to the Jungle is a Job platform that helps companies post job openings and find the best candidates for the role. The platform is
Supernormal raises $10M to automatically transcribe and summarize meetings Supernormal, a startup that provides an AI-powered tool to automatically transcribe and summarize meetings, has raised $10 million in a seed round of funding. The round was led by Accel, with participation from GV (formerly Google Ventures) and FirstMark Capital. Supernormal co-founder and CEO Jigar Mehta
Sources tell us that Dell has acquired Cloudify, a cloud orchestration startup, for around $100M. This is a big win for Cloudify, which has raised $21.5M over the last four years. Cloudify enables developers to automate the deployment and management of cloud-based applications. It is used by some of the largest enterprises in the world,
Tier Mobility and Spin, two of the largest e-scooter companies in the U.S., are laying off a combined total of 100 employees. The cuts come as the scooter industry faces immense pressure to become profitable. Both companies have been burning through cash at a high rate as they expand rapidly into new markets. Tier, which
2022 European edtech report: Smaller rounds and fewer deals, but more angel activity The European edtech market is forecast to be worth €32.4 billion by 2022, a significant increase from last year’s €24.6 billion, according to the latest report frommagazine. Despite the overall European edtech market growth, the number of deals and the average deal
Tesla reports $24.3B revenue in the fourth quarter, beating Street estimates Tesla Inc reported $24.3 billion in revenue for the fourth quarter of 2020 on Wednesday, beating analysts’ expectations of $23.3 billion. The electric carmaker said it delivered 180,570 vehicles in the quarter, including 159,20 Model 3 and Model Y cars. Tesla said it expects