Just days after Alphabet and Google CEO Sudar Pichai warned workers of more downsizing this year, the former is laying off dozens of employees, mainly support staff, at its moonshot lab. Alphabet is also restructuring X (not to be confused with the platform formerly known […]
Category: Food
Sony tells Zee it’s terminating the $10 billion India merger
Sony called off the merger between its India unit and Zee Entertainment on Monday, ending a two-year acquisition deliberation that would have created a $10 billion media powerhouse in the South Asian market. Sony said in a statement that it has sent a termination letter […]
India’s Captain Fresh in talks to raise $50 million in new funding
Captain Fresh, a business-to-business harvest-to-retail marketplace for animal protein, is engaging with investors to raise up to $50 million in fresh funding, according to sources familiar with the matter. The startup is in advanced stages of deliberations to raise the capital from Nekkanti Sea Foods, […]
Lordstown Motors founder launches new EV startup with trucks we’ve seen before
The ousted founder of bankrupt EV startup Lordstown Motors has launched a new company called LandX Motors, that prominently displays the same electric pickup truck he once promised would beat Tesla, Ford and General Motors to market. Steve Burns, a self-described “serial entrepreneur,” bought most […]
General Catalyst eyes VC deal in India push
General Catalyst, one of the largest U.S. venture capital firms, is in talks to acquire an India-focused VC as part of efforts to expand its presence in the fast-growing South Asian startup market, three sources familiar with the matter told TechCrunch. The deal would allow […]
Amazon Prime Video is discontinuing support for local originals in Africa and Middle East
Amazon Prime Video is said to be downsizing its Africa and Middle East operations in a move that will affect teams in the two regions, according to a Variety report that said the company will instead focus on European originals. Following the changes, Prime Video […]
Unredacted Meta documents reveal ‘historical reluctance’ to protect children
Internal Meta documents about child safety have been unsealed as part of a lawsuit filed by the New Mexico Department of Justice against both Meta and its CEO, Mark Zuckerberg. The documents reveal that Meta not only intentionally marketed its messaging platforms to children, but […]
Microsoft’s Copilot Pro is a $20 monthly subscription for advanced AI features
Almost a year since Microsoft launched its ChatGPT-powered Bing Chat — which is now just called Copilot — the company is announcing its next major AI moves. First, it’s launching Copilot Pro, a $20 monthly subscription that gives power users access to the latest ChatGPT […]
Uber shuts down alcohol delivery service Drizly three years after its purchase
Back in 2021, Uber purchased Drizly for $1.1 billion shortly after it reported that its food delivery segment kept its losses manageable during the pandemic. Three years later, the company is shutting down the US-based alcohol delivery service, Axios has reported. Pierre-Dimitri Gore-Coty, Uber’s SVP […]
How resilient SaaS startups continue to build and scale in an era of efficiency
Traditional success metrics like the Rule of 40 and Magic Number must be revised amid an unpredictable and competitive market. © 2023 TechCrunch. All rights reserved. For personal use only.