Brex, a leading spend management startup, recently underwent a significant restructuring to streamline its operations and preserve cash amid changing market conditions. The company’s decision to reduce its workforce by nearly 20%, laying off 282 employees, reflects its efforts to address cash burn
BluSmart, an Indian ride-hailing startup competing with industry giants like Uber and Ola, is making significant investments to enhance its electric vehicle (EV) charging infrastructure amidst India’s limited charging station landscape. Funding Boost for Expansion Based in Gurugram, BluSmart recently secured a $25
Garry Tan, well-known in Silicon Valley circles for his achievements and mentorship, has once again sparked attention with his social media activity, particularly on the platform X. Provocative Tweet and Response On Friday evening, Tan, who serves as the president of Y Combinator
Byju’s, renowned as the world’s most valuable edtech startup, has initiated a rights issue with a substantially reduced valuation ask, marking a significant pivot as the Indian company grapples with financial obligations and operational expenses. The startup aims to raise $200 million through
Katy Barfield, while managing a bar in Melbourne, was struck by the significant amount of ingredients discarded daily. This led her to discover that Australia generates approximately 7.6 million tonnes of food waste annually. In response, Barfield co-founded Yume to address this issue
In 2021, Oleg Klimov, Vlad Guber, and Oleg Kiyashko joined forces to develop Refact.ai, a platform aimed at encouraging more companies to adopt GenAI for coding by providing users with enhanced customization and control over their coding experience. Founders’ Background and Vision With
In today’s competitive job market landscape, staying ahead requires access to accurate and timely compensation data. With tech industry layoffs and the emergence of new job roles driven by the artificial intelligence wave, compensation teams face the challenge of navigating industry changes, competition,
Amazon has terminated its acquisition attempt of iRobot, the renowned maker of robotic vacuums, citing regulatory challenges in the European Union as the primary obstacle. Mutual Termination of Acquisition Agreement In a joint statement, Amazon and iRobot announced the mutual termination of their
Cap VC is entering the venture capital (VC) landscape with a bold ambition – to serve as the AI-powered “operating system” for VC firms. By leveraging the capabilities of artificial intelligence, Cap VC aims to streamline investment decisions, offering a faster and more
In a market saturated with health and fitness trackers, Visible is carving out a unique niche by prioritizing the needs of individuals grappling with chronic illnesses. Unlike mainstream wearable devices focused on fitness goals, Visible’s innovative approach targets those navigating persistent health challenges,