Tag Archives: Startup

Indonesian fintech startup Moka raises $24M led by Sequoia India

Indonesia’s Moka, a startup that helps SMEs and retailers manage payment and other business operations, has pulled in a $ 24 million Series B round for growth. The investment is led by Sequoia India and Southeast Asia — which recently announced a new $ 695 million fund — with participation from new backers SoftBank Ventures Korea, EDBI — the corporate investment arm ...

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Apple buys Denver startup building waveguide lenses for AR glasses

Apple has acquired Akonia Holographics, a Denver-based startup that manufactures augmented reality waveguide lenses. The acquisition was confirmed by Apple to Reuters who first reported the news. An Apple spokesperson gave TechCrunch the company’s standard statement, “Apple buys smaller technology companies from time to time, and we generally don’t discuss our purpose or plans.” This acquisition offers the clearest confirmation yet from Apple ...

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Amazon-backed lending platform Capital Float buys consumer finance startup Walnut

India-based lending platform Capital Float has been busy raising capital, having closed an Amazon-led $ 22 million extension to its $ 45 million Series C last year —  now it’s putting some of that capital work after it acquired personal finance service Walnut. The acquisition is $ 30 million spread across cash and stock, the companies said, and it’ll boost five-year-old ...

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Amazon-backed lending platform Capital Float buys consumer finance startup Walnut

India-based lending platform Capital Float has been busy raising capital, having closed an Amazon-led $ 22 million extension to its $ 45 million Series C last year —  now it’s putting some of that capital work after it acquired personal finance service Walnut. The acquisition is $ 30 million spread across cash and stock, the companies said, and it’ll boost five-year-old ...

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Movado Group acquires watch startup MVMT

The Movado Group, which sells multiple brands, including Lacoste, Tommy Hilfiger and Hugo Boss, has purchased MVMT, a small watch company founded by Jacob Kassan and Kramer LaPlante in 2013. The company, which advertised heavily on Facebook, logged $ 71 million in revenue in 2017. Movado purchased the company for $ 100 million. “The acquisition of MVMT will provide us ...

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Y Combinator is launching a startup program in China

U.S. accelerator Y Combinator is expanding to China after it announced the hiring of former Microsoft and Baidu executive Qi Lu who will develop a standalone startup program that runs on Chinese soil. Shanghai-born Lu spent 11 years with Yahoo and eight years with Microsoft before a short spell with Baidu, where he was COO and head of the firm’s AI ...

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Y Combinator is launching a startup program in China

U.S. accelerator Y Combinator is expanding to China after it announced the hiring of former Microsoft and Baidu executive Qi Lu who will develop a standalone startup program that runs on Chinese soil. Shanghai-born Lu spent 11 years with Yahoo and eight years with Microsoft before a short spell with Baidu, where he was COO and head of the firm’s AI ...

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Genomics startup sold 5ml users’ genetic data to big pharma

A major DNA-testing Silicon Valley company is partnering with a British pharmaceutical giant, saying its database of over 5 million hereditary material samples will help develop new medical treatments. The $ 300 million four-year collaboration project between GlaxoSmithKline (GSK) and 23andMe genomics company will allow the London-based pharmaceutical to use over 5 million DNA samples from the genetic-phenotypic database of ...

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The future of personal aviation? Startup unveils ‘safe & affordable flying car’ (VIDEOS)

A Silicon Valley startup has unveiled an all-electric flying vehicle that can travel up to 25 miles at a speed of 62 mph. Known as the BlackFly, the aero car requires no special skills to operate and no formal licensing in the US. The futuristic-looking personal aviation vehicle designed purely for consumer needs was developed at the Silicon Valley-based Opener, ...

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Twitter buys a startup to battle harassment, e-cigs are booming, and a meditation app is worth $250M

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week TechCrunch’s Silicon Valley Editor Connie Loizos and I jammed out on a couple topics as Alex Wilhelm was out managing his fake stock game spreadsheets or something. (The jury is out on whether this was a good or bad thing.) First ...

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