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Groq, a startup developing chips to run generative AI models faster than conventional processors, said on Monday that it has raised $640 million in a new funding round led by…
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Investors chase wealth tech startups in India as affluent class grows
The high-net-worth and ultra-high-net-worth segments are booming in India, prompting some wealth management firms to aggressively expand their relationship manager networks to capture this market.
Prosus, the largest external investor in Byju’s, has written off its 9.6% stake in Indian edtech firm.
HSBC and BlackRock estimate that the Indian edtech giant Byju’s, once valued at $22 billion, is now worth nothing.
Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and broking business in India,…
Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch.…
BlackRock has yet again cut the value of its holding in Byju’s, slashing the implied valuation of the Indian startup to about $1 billion from $22 billion in early 2022,…
Flexible office-space firm WeWork has filed for Chapter 11 bankruptcy protection, listing over $18.6 billion of debt in a remarkable collapse for the once high-flying startup co-founded by Adam Neumann…
Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, according to…
Bringing bitcoin to the TradFi market in a manner that is already well-understood could unlock lots of demand for the cryptocurrency in the near-term.
Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $76 million in new funding. It includes $28…
The world’s largest asset manager is re-entering India — and it’s doing so in a partnership with Asia’s richest man. Jio Financial Services and BlackRock have struck a deal to…
While many venture debt lenders were skeptical the strategy would work for asset managers, BlackRock decided to take the plunge.
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 valuable…
Byju’s and Swiggy, among the biggest Indian startups, are taking a haircut in their valuations — at least in the eyes of their backers.
Investment giant BlackRock announced Friday it is taking a minority stake in venture-backed fintech startup Human Interest. Terms of the deal were not disclosed. Human Interest’s digital retirement benefits platform…
Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. CEO Kelly…
Just as traditional alternatives are becoming a consistent part of the modern portfolio, a new era of alternative assets is emerging, fueling a broader and more fragmented landscape for investing.
Carbon Direct advises companies on how to best cut and capture carbon — then helps them do it.
While deals with high-profile names are investor-pleasing, they can be better headlines than results.
After years of resisting, the world’s largest asset manager has finally taken the plunge into crypto in a substantial way. BlackRock, which oversees $10 trillion in assets, is partnering with…
New Q2 2022 data from CB Insights and PitchBook lay bare fintech’s retreat.
Many companies are saying that they don’t take climate change seriously enough to fully understand — and disclose — their own impact on it.
A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals. Today, the London-based company…
Google showed the way when it came to the world understanding and valuing the importance of a good search engine to unlock all the information you could find on the…
“We literally have millions of vehicles that need to transition to electric, and there’s really no charging in sight, which is where our strategy comes into play.”
Porsche has read the room. With its first electric vehicle now outselling the quintessential 911 sports car, the German automaker is responding by upping its bet on EVs, in part…
Wagestream, a financial super app for waged workers, raises $175M, passes 1M users and doubles down on the U.S.
Front-line workers and those paid in hourly wages rather than salaries have become a prime target in the world of business IT, with a wave of apps helping them find…
Daily Crunch: Beating ‘other takeover bidders,’ Bosch acquires autonomous driving startup Five.ai
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Circle, a crypto-focused financial technology firm, has entered an agreement for a $400 million funding round, the company announced. It is expected to close in the second quarter of 2022.…
