South African Corporate Social Investment Grows to R11.8b in 2023
South African companies spent an estimated R11.8 billion on corporate social investment(CSI) in the 2023 financial year, according to corporate responsibility consultancy Trialogue’s latest research findings. The spend reflects an 8% nominal and 1% real increase from R10.9 billion in 2022, on the back of post-Covid recovery, low economic growth
Read moreProsus slashes Indian edtech giant Byju’s valuation to ‘sub-$3 billion’
Prosus has marked down the valuation of Byju’s, India’s most valuable startup, to below $3 billion, the investment giant’s executives said on an earnings call Wednesday even as they asserted that they remain bullish on the opportunities in the South Asian market. The Bengaluru-headquartered startup, which has raised over $5
Read moreImmensa, a MENA-based additive manufacturing and digital inventory platform, raises $20 million
The global energy spare parts market is valued at over $90 billion, with the Middle East representing about 35% of this sector. This sector remains largely untapped by existing additive manufacturing and digital inventory platforms that have spread footprints across medical, aviation, automotive and jewelry industries. Unlike these industries, which
Read moreFEBE Ventures launches $75 million second fund
FEBE Ventures’ name stands for “for entrepreneurs by entrepreneurs,” and true to form, it is continuing to support seed-stage startups with the launch of its second fund. Targeting $75 million, Fund II is 2.5 times larger than FEBE’s first fund and 90% has already been committed. As part of the
Read moreLondon’s iconic black cabs can soon be hailed on Uber
Uber has secured another win over the struggling taxi industry. Soon, riders in London will be able to hail an iconic black cab in the city. London cabbies can now start signing up for Uber trip referrals, but the service won’t roll out until early 2024. Uber says some drivers
Read moreAWS touts growth, investments in Canada and progress on sustainability at re:Invent 2023
Amazon Web Services (AWS) has invested C$1.4 billion in Canada since June of 2016 and plans to invest C$21 billion by 2037. That was just one of the announcements at a special briefing session for the Canadian media at AWS’ re:Invent 2023 conference this week. Rejean Bourgault, country leader and
Read moreFearless Fund grant program was already ‘at risk’ before lawsuit
A leaked document shines new light on the fund's relationship with Mastercard and the embattled grant program. © 2023 TechCrunch. All rights reserved. For personal use only.
Read morePolestar’s climate-tweeting bot isn’t actually a bot, for good reason
“When is a bot a person?,” my colleague Kirsten asked after I learned that Polestar’s climate bot is more human than machine. Polestar launched its “Truth Bot” on X (formerly Twitter) ahead of COP28, the UN climate conference overseen by an oil executive. The Truth Bot replies to misleading tweets
Read moreLockBit claims cyberattack on India’s national aerospace lab
The notorious ransomware gang LockBit has claimed responsibility for a cyberattack targeting India’s state-owned aerospace research lab. On Wednesday, LockBit added the National Aerospace Laboratories (NAL) to its dark web leak site, which ransomware gangs use to extort victims for ransom payments. The group threatened to publish the organization’s stolen
Read moreThe TechCrunch+ 2023 Holiday Gift Guide
We have options for all of your loved ones! © 2023 TechCrunch. All rights reserved. For personal use only.
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