02 Dec 2019

1. Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all…

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23 Nov 2019

1. These 22-year-old space tech enthusiasts have their eyes on the moon Starting off in May 2018, Pixxel claims to be building a constellation of earth-imaging small satellites that will be able to offer a unique dataset. This constellation of satellites will provide global coverage every 24 hours helping…

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20 Nov 2019

1. TikTok is aiming at a bigger audience than U.S. Senators For TikTok to be a true success, it needs to appeal to the likes of Nike, Coca-Cola and McDonald’s. Its advertising business is ready to take off because it has direct access to that all-powerful youth demographic. With…

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14 Nov 2019

1. From Oyo to Uber, how SoftBank’s $100 billion has left the startup ecosystem weaker Flush with cash, entrepreneurs operated with scant regard for profit. The whole system eventually overheated. Protests against SoftBank-funded startups have erupted in New York, Bogotá, Mumbai and beyond, with many captured on video and…

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13 Nov 2019

1. From Oyo to Uber, how SoftBank’s $100 billion left workers in a hole Many young companies used SoftBank’s cash to dangle incentives and other payments to quickly attract as many workers as they could. But when they failed to make a profit and SoftBank changed its tune on…

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07 Nov 2019

1. Bull run for private technology funding market coming to an end: Softbank’s Deep Nishar Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation. SoftBank…

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06 Nov 2019

1. Inside the high-stakes race to build the world’s first flying taxi Lilium, which has raised more than $100 million from investors, illustrates the high-wire act of the companies trying to live up to the hype. At least 20 companies are in the market, which Morgan Stanley estimates will…

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05 Nov 2019

1. Cheating case against Oyo founder Ritesh Agarwal, 6 others The complainant, a Bengaluru hotelier, had alleged that Oyo had booked rooms but failed to pay any rent for the past five months duping him of Rs 35 lakh. Besides CEO Ritesh Agarwal, police have booked Head of Oyo…

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04 Nov 2019

1. The real reason why Uber moved in: To simplify tax math Earlier this month, Uber restructured and moved its entire India business – which partially operated from the Netherlands under Uber BV – to the India-domiciled Uber India Systems. This is Uber’s first such restructuring since 2014. This…

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16 Oct 2019

1. Uber India lays off 10-15% of its staff, ops may be hit These terminations will impact all of Uber’s businesses in the country, including uberEats This is the third round of layoffs at the transportation major which went public earlier this year. Source: ET 2. CleverTap raises $35 million…

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