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Memphis Meats raised $161 million from SoftBank Group, Norwest and Temasek

Memphis Meats raised 1 million from SoftBank Group, Norwest and Temasek Memphis Meats, a developer of technologies to manufacture meat, seafood and poultry from animal cells, has raised $161 million in financing from investors including Softbank Group, Norwest and Temasek, the investment fund backed by the government of Singapore. The investment brings […]

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Skylo raises $103 million to affordably connect the Internet of Things to satellite networks

Skylo raises 3 million to affordably connect the Internet of Things to satellite networks One of the biggest opportunities in the new space economy lies in taking the connectivity made possibly by ever-growing communications satellite constellations, and making that useful for things and companies here on Earth. Startup Skylo, which emerged from […]

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Layoffs at Lime and Getaround herald rise of profit-hungry unicorns

Layoffs at Lime and Getaround herald rise of profit-hungry unicorns Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. A million dollars isn’t cool. You know what’s cool? Positive adjusted EBITDA, or something close to it. That’s the message from scooter […]

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Lucky coffee, unicorn stumbles, and Sam Altman’s YC wager

Lucky coffee, unicorn stumbles, and Sam Altman’s YC wager Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we had TechCrunch’s Alex Wilhelm and Danny Crichton on hand to dig into the news, with Chris Gates on the dials and more […]

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SoftBank Vision Fund invests $275M in India’s Lenskart

SoftBank Vision Fund invests 5M in India’s Lenskart Lenskart, an omni-channel retailer in India that sells eyewear products, said on Friday that it has raised $275 million in a new financing round from SoftBank Vision Fund as it looks to expand its business in the nation. As part of the new financing […]

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Why Notion is staying small as its valuation gets bigger

Why Notion is staying small as its valuation gets bigger Work tools startup Notion, which recently reached a reported $800 million valuation, isn’t on the verge of a big SoftBank round. In fact, COO Akshay Kothari says the startup has “never felt like if we had more money we could grow faster.” […]

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India’s financial services firm Paytm raises $1B

India’s financial services firm Paytm raises B Paytm said on Monday it has raised $1 billion in a new financing round as the Noida-headquartered firm, which once dominated the local mobile payments market, attempts to fight back giants Google, Walmart’s PhonePe, and Facebook. The company said the new financing round, dubbed Series […]

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VTEX, an e-commerce platform used by Walmart, raises $140M led by SoftBank’s LatAm fund

VTEX, an e-commerce platform used by Walmart, raises 0M led by SoftBank’s LatAm fund E-commerce now accounts for 14% of all retail sales, and its growth has led to a rise in the fortunes of startups that build tools to enable businesses to sell online. In the latest development, a company called […]

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China’s Didi to relaunch Hitch carpooling service this month

China’s Didi to relaunch Hitch carpooling service this month Chinese ride-hailing firm Didi Chuxing said today it will conduct a trial relaunch of its Hitch carpooling service in seven major Chinese cities with additional safety features by end of the month, more than a year after suspending the service following the murder […]

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WeWork-owned Meetup confirms restructuring, layoffs

WeWork-owned Meetup confirms restructuring, layoffs WeWork’s efforts to cut costs following the ouster of its chief executive officer and a delayed initial public offering looks to be impacting its subsidiaries. Meetup, which WeWork acquired for a reported $200 million in 2017, announced a round of layoffs this morning, TechCrunch has learned. The […]

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