Blackrock, a minority investor in Byju’s, cuts startup valuation to $8.4 billion
Blackrock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based startup, this time to about $8.4 billion, even as the most Indian valuable startup continues to raise capital at a better price. Blackrock cut the value of Byju’s share by 62% in
Read moreFirst they worked in tandem, now they’re in an e-bike patent suit
Grenoble-based eBikeLabs, a French startup that has been working on embedded software for electric bikes, is suing Cowboy for patent infringement and, more generally, copying eBikeLabs’ technology in its latest feature, AdaptivePower. Cowboy, the Belgian electric bike manufacturer, has refuted all the allegations and even said that eBikeLabs is running
Read moreOMERS Growth Equity leads Carrum Health’s $45M Series C to expand cancer care
Carrum Health, a value-based healthcare company enabling self-funded employers to buy specialist medical care, raised $45 million in Series C funding. When we last checked in with Carrum Health in 2021, the company had raised $40 million. Founded in 2014, the company provides surgical and cancer treatment guidance and coordination.
Read moreAmazon is testing dine-in payments in India
After shutting down its food delivery business last year, Amazon India is now experimenting with dine-in payments. The company has initiated a limited introduction of bill payments at restaurants using Amazon Pay. The facility is currently active in select areas of Bengaluru with a limited set of restaurants. Users can
Read moreA popular Android app began secretly spying on its users months after it was listed on Google Play
A cybersecurity firm says a popular Android screen recording app that racked up tens of thousands of downloads on Google’s app store subsequently began spying on its users, including by stealing microphone recordings and other documents from the user’s phone. Research by ESET found that the Android app, “iRecorder —
Read moreMax Q: Galactic
Hello and welcome back to Max Q! Happy Memorial Day everyone. In this issue: Astranis’ novel approach to GEO satellites Virgin Galactic’s return to the skies News from SpaceX, and more Astranis’ novel approach to internet satellites is starting to pay off Astranis, a satellite internet startup based in San
Read moreReliance’s JioCinema breaks world record with free cricket streaming
India’s JioCinema broke the global record for the most concurrent views to a live streamed event on Monday, eclipsing a long-standing milestone set by Disney’s Hotstar, as the Asian tycoon Mukesh Ambani spares no expense in expanding his digital empire. The Indian streaming app, whose partner includes James Murdoch’s Bodhi
Read moreSolana’s co-founder sees potential for its blockchain to be the ‘Apple of crypto’
As some crypto companies gain mainstream adoption through partnerships, alliances or deals with big brand names, others are operating by the beat of their own drum and not worrying about whether a big label is with them. Solana, a layer-1 blockchain that launched in 2020, is one of the biggest
Read moreTechCrunch+’s holiday reading list
It’s Memorial Day here in the United States, which means that the flow of tech news is slower than normal. This might leave you feeling bereft, adrift without the usual 3,239 individual items that happen daily in startup land. But have no fear, for TechCrunch+ is here with a quick
Read moreAmbani’s JioCinema secures NBCUniversal titles, escalates Netflix and Disney rivalry
JioCinema, the affordable on-demand video streaming service rival to Netflix and Disney’s Hotstar in India, will soon be the home for “The Office” and other NBCUniversal titles. The Viacom18 streaming service said on Monday it has signed a “multi-year” partnership with NBCUniversal to bring “thousands of hours” of NBCU movies
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