Indian financial services startup MobiKwik seeks to raise about $84.2 million through issue of new shares in an initial public offering in the home market, it said in a draft prospectus filed with the local markets regulator Friday. This is the second time MobiKwik has filed the paperwork for an IPO. The startup, backed by…
Facing more than 30 lawsuits from victims of its massive data breach, 23andMe is now deflecting the blame to the victims themselves in an attempt to absolve itself from any responsibility, according to a letter sent to a group of victims seen by TechCrunch. “Rather than acknowledge its role in this data security disaster, 23andMe…
Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report. The firm, which is emerging from stealth today, raised $50 million for its first fund in November of 2021. Managing Partners Charley Ma…
It’s been a rough few years for startups looking to exit, but companies, especially late-stage startups, can’t stay private forever. When the exit market didn’t open back up in 2023, as many hoped after a very quiet 2022, investors and founders alike decided that 2024 was the year that the exit market would defrost. Now…
Intel, intent on making bigger moves in the market for AI-powered enterprise software, is spinning out a new platform company with the backing of Boca Raton, Florida–based asset manager and investor DigitalBridge. Called Articul8 AI (an awkward abbreviation of “Articulate AI”), the new entity builds off a proof-of-concept from an Intel collaboration with Boston Consulting…
As search engine incumbents — namely Google — amp up their platforms with GenAI tech, startups are looking to reinvent AI-powered search from the ground up. It might seem like a Sisyphean task, going up against competitors with billions upon billions of users. But this new breed of search upstarts believes it can carve out…
Most tech startups are born from a few early engineers building the company’s initial product. As those first builders work together, they begin to establish a developer culture — sometimes deliberately, sometimes not. At Web Summit in Lisbon in November, two founders discussed the importance of building a developer culture that’s distinct from a company’s overall…
Diadem Capital is throwing its hat into the crowded space of making funding more accessible and easy to obtain for high-growth startups. And it promises your next round will close “5x faster.” Buoyed by a $600,000 pre-seed round led by Launch NY, the Buffalo-based fundraising platform, which touts itself as a “warm introduction network,” is…
X (formerly Twitter) started showing headlines at the bottom of link preview cards again on Tuesday using a small font. However, hours later the company seemingly pulled the new format. Multiple users and publications reported that they could see titles on link cards on the web. They also noted that some titles were cut off…
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we sit down with a critical person in the world of startups or venture, and dig into what they…
