Walmart readies another $2.5 billion investment in India’s e-commerce and payments

Walmart readies another $2.5 billion investment in India’s e-commerce and payments

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

Supernormal raises $10M to automatically transcribe and summarize meetings

Supernormal raises $10M to automatically transcribe and summarize meetings

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

Dell has acquired cloud orchestration startup Cloudify, sources tell us for around $100M

Dell has acquired cloud orchestration startup Cloudify, sources tell us for around $100M

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 lay off 100 more employees

Tier Mobility and Spin lay off 100 more employees

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

2022 European edtech report: Smaller rounds and fewer deals, but more angel activity

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 reports $24.3B revenue in the fourth quarter, beating Street estimates

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