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Final-mile fulfillment startup parcelLab closes $112M Series C funding led by Insight Partners‎

Munich-based parcelLab, which offers a final-mile fulfillment service for online retailers, has closed a $112 million (GB£80 million) Series C funding round led by the US VC/PE firm Insight Partners. Germany’s Endeit Capital participated as a co-investor, alongside existing investors Capnamic Ventures and coparion. parcelLab last raised an undisclosed Series B in October 2019. The […]

14:11
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The motorcycle ride-hailing wars in Nigeria and Uganda is SafeBoda’s to lose‎

On April 16, Uganda-based two-wheel ride-hailing platform SafeBoda announced that it had completed 1 million rides in Ibadan, a southwestern city in Nigeria. This might not seem spectacular from a global perspective because it took the startup a year and two months to achieve but it’s a noteworthy feat in African markets. Ibadan is one […]

13:51
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Engageli nabs $33M more for its collaborative video-based teaching platform‎

As schools move more widely into reopening their doors for in-person learning, many educational institutions have also learned a critical lesson in the last year. Having better tools to teach remotely are critical for situations when the physical experience has to be shut down, but even when things are “back to normal”, better tech can […]

13:31
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Google Pay US users can now send money to users in India and Singapore‎

Google Pay users in the U.S. can now send money to GPay users in India and Singapore, Google said on Tuesday, making its first push into the remittances market. The company has partnered with Western Union and Wise, both of which have integrated their services into Google Pay. This is the first time either of […]

13:13
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Lisbon’s Kitch raises $4M to help restaurants to take control of the delivery app mess‎

Lisbon-based food delivery startup Kitch hopes to hands back control to restaurants dogged by the mess of food delivery apps today, by aggregating the apps onto one tablet and platform. Restaurants then get one place to manage all their delivery orders, track couriers, and update their menus across all the delivery apps. It’s now raised […]

12:24
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Nothing’s first product, the Ear 1 earbud, launches in June‎

Say what you will, Nothing has been doing a fine job milking its upcoming launch for all it’s worth. The company has spent the last several month’s teasing the arrival of its first product. The launch will find the company entering the already extremely crowded earbuds category in June, with the arrival of the simply […]

12:24
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Exeger takes $38M to ramp up production of its flexible solar cells for self-powered gadgets‎

Sweden’s Exeger, which for over a decade has been developing flexible solar cell technology (called Powerfoyle) that it touts as efficient enough to power gadgets solely with light, has taken in another tranche of funding to expand its manufacturing capabilities by opening a second factory in the country. The $38 million raise is comprised of […]

11:22
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Flipkart in early talks to raise $1 billion ahead of IPO‎

Indian e-commerce giant Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation before its public listing, two people familiar with the matter told TechCrunch. The Bangalore-based startup, which sold majority stake to Walmart in 2018, began exploring funding opportunities with some of its investors earlier this year. In […]

05:59
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Is buying and selling short-positions in private companies next? This fintech startup is banking on it‎

Even the most casual industry observer has to be stunned at times by the pace of dealmaking right now. Not quite halfway through 2021, startups are routinely closing new rounds just months apart and sometimes seeing their valuations triple and even quadruple with every new round. Maybe they will all become trillion-dollar companies. It’s more […]

04:42
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Serial fiction app Radish acquired by Kakao Entertainment for $440M‎

Serialized fiction app Radish will be acquired by Kakao Entertainment in a transaction valued at $440 million. Kakao Entertainment is owned by Kakao, the South Korean internet giant whose services include its eponymous messaging platform. Radish founder Seungyoon Lee will hold onto his role as its chief executive officer, while also becoming Kakao Entertainment’s global […]

04:42
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