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Showing posts from May, 2018

OYO said to be in discussions for another Softbank round

Indian hospitality startup OYO has now been reported by various media sources to be in talks of raising another new round which could value the 5 year old firm at up to $4 Billion and mark a notable jump from its most current size having raised well over $400 million in total funding across several rounds as of current.

Reports state of OYO being in talks with Softbank and co-working giant WeWork concerning a funding round which could raise up between $500 million - $1 Billion and may value the company at between $4 Billion - $5 Billion.

Last valued at $850 million from a previous funding round led by Softbank, The Indian hospitality firm has grown to be a major budget accommodation provider to a large number of customers with a current presence in over 230 Indian cities inking notable partnerships with several hotel owners who make use of its service to gain access to more customers.

With over 10 million downloads so far of its app and a large user base, OYO has cemented a status as…

The Skydio R1 self flying camera now films moving cars

image credit : Skydio

Skydio, The robotics company founded 4 years ago notable for its R1 autonomous drone which shoots 4K footage and could capture moments while following people around has now gotten an awesome feature which breaks ground in so many ways.

The drone can now follow moving cars while shooting footage, A new feature which will see it capturing much more better, daring and actionable moments which is a feature that can be likened to that of high budget Hollywood studios when making scenes involving automobiles.



This new feature dubbed "Car Follow" comes as a cinematic mode which films its users on four wheels and was made possible with the training of the drones' neural networks using a huge number data sets of different car images, The drone will make use of its 13 cameras for the feature of capturing nice footage and also autonomously guiding its locomotion from different positions.







The self-flying camera will gain this feature after a software update whi…

Warren Buffett almost invested $3 Billion in Uber

image credit : Flickr/DonkeyHotey

Several reports have emerged that legendary investor Warren Buffett had plans to invest a huge $3 Billion in Uber earlier this year until the deal fell through for different reasons, This reports have now been confirmed by Warren Buffett himself who said he's a great admirer of current Uber CEO Dara Khosrowshahi with Dara also stating in a recent CNBC interview that part of his business goals has been to get Warren Buffett to invest in something he's involved in, A goal which has not yet been marked.

Bloomberg reported that Warren Buffett proposed even a price well above $3 Billion for a convertible loan to the company which would have provided huge capital and profit for both sides as they continued to grow in value but the deal was later trimmed to a size of $2 Billion by CEO Dara Khosrowshahi and ultimately fell through when they couldn't agree on unified terms concerning the investment.

This comes as highly recognized investor Warren Bu…

WePlenish's smart container makes you never run out of Pantry supplies

image credit : WePlenish/Kickstarter

A new startup WePlenish has launched its new smart container on Kickstarter which is a product which automatically senses when pantry supplies are low and then re-orders them through online shopping site Amazon for the convenience of its customers.

The WiFi enabled smart container connects to Amazon Prime accounts to guarantee free 2 day shipping and easy returns with the pantry items being selected by the user, After being ordered, They are placed in the box by the owner and automatically re-ordered when taken out which continues the cycle thereby eradicating the stress of manual ordering and replacement of items by people themselves.




image credit : WePlenish/Kickstarter

This smart container which is integrated with Amazon's Dash replenishment service and contains sensors to measure quantity replaces Espresso capsules, K-Cup pods, snacks, candy and many other more pantries currently supported by the device and together with its minimalist desig…

Bird - Poised to be The first Scooter Unicorn

image credit : Bird

Electric Scooter vehicle sharing company Bird which was founded by a former Uber and Lyft executive has now been reported to be raising $150 million in a new round of funding to expand its services and fend off competition, A new round which will value the company at a huge $1 Billion making it the first electric scooter unicorn if it gets to close this funding round before its major competitor Lime who is also raising additional funds after raising a previous $132 million in funding.

It should also be noted that Bird has raised a previous total $115 million in funding and is currently operating in some cities where its electric scooters have been deployed, The company recently ordered a huge number of scooters from several manufacturers although there have been complaints from pedestrians that its scooters have obstructed roads and caused inconveniences for them, Anyway we expect that this is a problem Bird will fix soon using the best form of logistics.

Bird'…

Nio confidentially files for $2 Billion IPO

image credit : Nio

Nio, An electric vehicle manufacturer backed by a slew of Chinese companies previously raising a total of $2.1 Billion at a value of $5 Billion has confidentially filed for IPO with the U.S. SEC.

This will see the company who currently sells its electric Sports Utility Vehicle currently in China raise up to a reported $2 Billion over the Summer in this public offering of its shares.

This comes with previous reports that major tech investor Softbank was interested in acquiring a huge amount of the shares offered in the IPO for a price of $200 million, Nio's ES8 vehicle is a major competitor to the Tesla Model X in China where they both experience very good sales even with Nio's vehicle being more cheaper with The Nio ES8 costing $70,000 before incentives in comparison with Tesla's Model X which retails for over $100,000 in China due to tariffs placed on its importation which makes it more expensive than it is in the U.S.







Image credit : Nio

This major offer…

Taxify raises new huge round at a $1 Billion+ valuation

image credit: Taxify

Taxify, The popular ride-hailing app which gives Uber a ride for its profits in several European and African countries has raised a huge investment round of $175 million led by Automotive giant Daimler AG at a whooping $1 Billion valuation marking a new entry into the unicorn space.

The Estonian startup co-founded by brothers Markus and Martin Willig and currently led by 24 year old Markus Willig also counted investors Taavet Hinrikus who also co-founded Billion dollar fintech company TranferWise and Chinese ride hailing giant Didi Chuxing who re-invested in this round after previously investing an undisclosed 10 figure sum and providing Taxify with access to its network of knowledge and engineers to scale its operations.

Taxify is currently based in Estonia and operates in a network of 40 cities across Europe, Africa, The Middle East and Central America having a huge network of 500,000 riders and over 10 million global customers.






Taxify currently offers its servi…

Voodoo Games raises a huge $200 Million

image credit: Voodoo.io

Voodoo, A Paris based video game publisher notable for many games including Paper.io, Snake vs Block, Dunk Hit, Stack Jump and a slew of others has raised a huge $200 Million in funding to expand its operations, In turn developing a publishing space for mobile game developers.

The company made it known that during the ongoing Casual Connect conference which also featured speakers from other big game companies including Zynga, Netmarble and Naturalmotion that Goldman Sachs is a major investor in the company whilst its founders still retain a majority stake, The company didn't reveal how much it raised at the conference but major sources pegged the value at a huge $200 million.

Vodoo currently holds 9 positions in the top 25 downloaded games chart with the company also stating a huge number of 150 million monthly users and 300 million downloads last year with the company currently using a data-driven process which works very well for its release of casual mob…

Naspers pours $89 million into Frontier Car Group

image credit : FCG

The Frontier Car Group popularly known as FCG which is a German technology company dedicated to incubating innovation and investing in the transformation of several used car marketplace technologies around the globe has taken a huge round of funding from OLX Ventures which is in turn a subsidiary of South African based media giant Naspers.

This investment comes roughly three weeks after The Frontier Car Group announced a $58 million funding from several investors into the company, The technology company will now use these funds to greatly expand its investment into the various used car marketplaces it operates and backs in order to rapidly scale its mission and also improve revenue statistics.

This investment from OLX will also see FCG collaborate with and make use of its huge regional footprints in markets slated for huge growth opportunities to expand its own operations heavily.






FCG uses technology to promote the ease of transportation through the provision of aut…

Moviepass Parent Company slumps low even after huge increase in subscribers

Moviepass, The very popular subscription based ticketing services which charges a $9.95 per month flat fee for one movie a day access has seen its parent company Helios and Matheson Analytics' stock fall to a low $0.40 a share with the entire company being valued at just over $24 million.

Moviepass has not been favored by Wall Street analysts on reports of its heavy spending while losing money to raise revenues which is really growing for the company.

Helios and Matheson Analytics can be deemed as one who wasn't prepared for the public market but the private market which tolerates temporary money loss in a road to a very profitable future with high valuations.

Moviepass has garnered many users for its service, Above 2 million in particular and Moviepass's CEO Mitch Lowe says the company is still going well despite the recent stock slump to this price of $0.40 after once trading at a huge price of over $38.






The company is currently adding 90,000 subscribers per week to its…

The Autonomous technology companies winning right now

image credit : Cruise Automation

Autonomous vehicles have been a thing! - This has made driving much more better, Although not yet fully adapted, Self driving technology has grown so much over the years with so many startups gaining huge revenues, gaining huge investments and selling for huge amounts.

Cruise Automation sold to General Motors for $1 Billion, Zoox is valued at $1.55 Billion, Quanergy raised $90 million at a $1.59 Billion valuation and also on the list is its Mega competitor Velodyne which is valued at $2 Billion after raising $150 million from Ford and Baidu and is the worlds largest LiDar manufacturer as of now.

So many startups have come to this game, The list since endless, So far we have seen so many autonomous technology startups which include:


AlmotiveCruise AutomationDrive.aiNautoEmbarkOttoQuanergyStarsky RoboticsVelodyneWM MotorsZoox

And a slew of many others....

As the race to win the clear future of transportation, Big startups and companies have been pumping r…

Microsoft outs new game : Miami Street!

Well....brace up, Microsoft has unveiled  new game, Microsoft gives us car racing again, This time for the Windows 10 OS, This new game is so unique for its game-play support on all Surface devices.

Miami street is built for a broad audience who love easy to pick-up-and-play experiences according to Electric Square, The Game studio which partnered with Microsoft on the making of this video game which will be gradually rolled out to users for testing and feedback gathering.

This new game can be downloaded from the Microsoft store in the countries which its available in, It features One one One racing, realistic car control physics, Dynamic wide cameras, huge selection of cars and a swath of other amazing features.




In this game, You get to enter an event, choose your car lineup and opponent and then challenge your way to victory, You get to race in beautiful city streets and enjoy the speed and high quality race in very good definition.

The game also gets regular updates which players …

Our dear Tim Draper sings about crypto

image credit : Flickr/ JD Lasica

Notable tech investor and venture capitalist Tim Draper recently attended The  Next Web's crypto conference in the Netherlands capital of Amsterdam and gave a very nice talk on the future and current activities of the crypto world, But the fun really started when he took to the stage to sing about Bitcoin while donning a nice looking suit and a purple tie designed with bitcoin patterns, Bloomberg profiled the dude's amazing freestyle which the audience really seemed to enjoy.

Will @TimDraper break the charts with his singing skills? ‘I’m a Bitcoin hustle’ #TNW2018pic.twitter.com/pGMRZLSSXX — Kevin | 李大仁 (@kevinvdveer) May 25, 2018


The dude really spit some cool rhymes with nice flows like "We want a newwwww world ooorderrr, We wanna pay across the border" He continues "Just wanna be a hodler.....on my bitcoin hustle".

This lines came after Draper had a fireside chat on the topic of blockhain investment with Bloomberg markets a…

Top Hardware unicorns in the world right now

Unicorns (private companies valued at over $1 Billion) have grown globally over the years with over 200 in existence right now in so many tech sectors with the bulk coming from e-commerce and Fintech, Hardware has always been a very competitive space with companies getting to heavily go head-to-head with each other to grab consumer and enterprise attention, Right here, We are bringing the list of the current hardware unicorns that are making huge revenues and currently gaining very good traction, These companies all together are worth more than a whooping $70 Billion and got revenues of over $20 Billion last year alone.

They are:

Xiaomi

image credit : Xiaomi

Founded just 8 years ago by the 8 people pictured above with Lei Jun (middle) as the major player, Xiaomi which is notable for its high end smartphones coming at cheaper prices made a whooping $18 Billion in last year's revenue and currently commands a huge private valuation of $46 Billion after raising a total of $3.4 Billion a…

Your Graduation Gift Guide for this year's class

Currently and at some time soon this year, People are/will be graduating from different levels of the educational environment with this marking a very good moment of happiness for many, You know high-schoolers who hate school and could not wait to leave or PhDs who amazingly love what they do and can't wait to use their profound knowledge to go and impact the huge world out there, The same goes for all levels of education, People just belong to different categories.

If you're the one graduating, Kudos!, If its someone you know, Kudos! also, You are both very happy we deduce and would love to reward each other with amazing gifts to celebrate this milestone.

In your rewarding journey, We reward you with a guide on the gifts to buy to make yourselves happy, Get the consumerist experience and also make huge impact in your lives.

We present to you the:


During these special set of events, You would love to share and get gifts for others and yourself and The Techie has compiled the …

Self-Driving cars can now make speedy decisions in lane changes thanks to new research

image credit: MIT News

MIT's Computer Science and Artificial Intelligence Laboratory Researchers have developed a new algorithm which lets self-driving cars make lane changes swiftly, accurately and easily.

The new algorithms will use less information but faster application to make self-driving cars capable of making emergency and swift lane changes to improve autonomous cars' handling of emergency situations to make them more adaptive to current road driving.

Previous algorithm solutions to this were based on complex information bombarded models that provided less time to the cars to take decisions on lane changes during speedy and unexpected situations or some were just too limited in deductions to make good decisions while on the road.

MIT aimed to change that with the goal of doing as much as possible with the least information required and effective and they have made a huge step in that through the development of this new system.



With this new algorithm, Vehicles will be…

Magento Commerce acquired for $1.68 Billion by Adobe

image credit: Adobe

11 years after its founding, Popular e-commerce platform for open innovation has been acquired in a huge deal worth $1.68 Billion from technology focused private equity firm Permira which notably purchased a slice of Cisco's Video business earlier this month for a huge $1 Billion.

This will see Magento's  platform which provides a wide range of tools, features and add-ons for businesses to host e-commerce solutions just like its major popular competitor Shopify integrate into Adobe's Experience Cloud to provide much more better Business-to-Business and Business-to-Consumer solutions in the e-commerce space adding this major industry to Adobe's list of offerings.

Magento which currently shares customers with $100 Billion+ giant Adobe many of which include huge brands Nestle, Coca-Cola and the Time Warner Music Group will merge their digital experiences and innovations which increases Adobe's content strength, Market share and product efficiency d…

Amazon India is worth what Walmart paid for its Flipkart Stake

image credit : Flickr via CC License

According to a new analysis from the highly recognized financial services firm Citi Research, Amazon's Indian unit has been valued at a huge $16 Billion which comes as the same price Walmart paid for a 77% stake in India's largest e-commerce unit Flipkart at a valuation of over $20 Billion dollars.

This makes Amazon India just $4 Billion shy of Flipkart's huge $20 Billion+ valuation and proves that Amazon is in for huge competition with the company in the Indian e-commerce space which is slated to grow heavily in the upcoming years making a huge win for those who achieve huge market share right now.

Citi’s senior analyst Mark May and Hao Yan stated in the report that Amazon is expected to reach sales of $70 Billion worth of gross merchandise volume and achieve over $10 Billion in revenue in just 9 years time from the country, Amazon is predicted to capture 35% of the e-commerce market in India according to this detailed analysis.

India&…

OneSpace launches China's first Private Space Rocket

OneSpace Technology, a Beijing based space exploration startup just launched its 30ft rocket dubbed The “Chongqing Liangjiang Star” marking it the first occurrence of a non-government body launching a commercial vehicle to space, The rocket took off from a Northwestern Chinese base with a blast on a mission to deliver a small satellite to space which will be used for research the startup is working to further its space exploration missions.

OneSpace built the rocket entirely using Chinese technology and made its launch as cheap as possible through the use of innovative but less expensive systems such as wireless communication through the internet which costs 30% in comparison with the use of wired internet systems which adds more weight to the rocket and greatly increases the cost of launch.

This comes as the company has raised a total of $78 million for its operations, A sum which seems huge for other industries but not in the expensive world of space exploration although all this w…

Drones can now be tested "In Virtual Reality"

Researchers at the previous Massachusetts Institute of Technology have broken grounds on a system which would be ultimately used to test and train drones without the physical constraints attached using a VR system, The exact way we humans step into an immersive world when we put on a VR headset now applies to intelligent drones, These drones will learn how to avoid obstacles and collisions, Move at great speed and also maneuver through different positions all while learning like its actually doing it in the real world.

This way, even when drones unfortunately hit an obstacle using this "Flight Goggles" system, The damages are studied and taken virtually as opposed to physical damage which takes a lot of time, delaying trials and costing much more money. This method simulates the drone's sensors moving it through a virtual world as seen in the video above preventing various obstacles such as high winds and different hanging obstacles such as transmission power lines whic…

Apple sold 600,000 Homepods in the first quarter of this year

image credit : Apple

Apple's Homepod smart speaker didn't really live up to hype although it has recently captured 6% of the Market as of recent selling 600,000 units according to recent analysis by Strategy Analytics.

Even why capturing this slice of the market, Major competitors Amazon, Google, Alibaba and Xiaomi took the largest part of the market coming with a 43.6%, 26.5%, 7.6% and 2.4% for the Chinese companies with the combined companies leaving the remaining 13%+ to other players and startups who will have to innovate and disrupt to extensively win in the market.

This new statistics comes as competition has rapidly increased with each companies market share being diluted amidst increase in no of sales of smart speakers generally and customers going for different brands among a wide selection to choose from. Amazon had a 94% market share last year  and has gotten to 43.6% whilst still being the leader amidst huge competition from a slew of technology companies and star…

Fidelity Labs and Amazon create a VR financial assistant "Cora"

Amazon, The company which just released its Sumerian VR developer tools fully to the public had to showcase to everyone what could be made of its platform or supposedly "what its platform was made of" and it did just that with the debut of a VR digital financial advisor in collaboration with Fidelity Investments which let people interact with their investments and financial tasks in 3D.

The VR financial advisor is named Cora and combines a voice-commanded bot along with exploration of investment aims in a very unique way for its users.

Cora listens to requests from its users for information on the stock performance and financial statistics of different companies and then outputs the resulting information as financial graphs as charts to the user in an immersive form.


This not only gets the user huge loads of information at an easy pace, Its immersive experience and data presentation through the use of visual charts also increases the learning and information gathering exper…

Tanium raises $175 million at a whooping $5 Billion dollar Valuation

Tanium CEO/co-founder Orion Hindawi

Notable enterprise cyber-security company Tanium has just recently raised a big round of $175 million in funding from renowned investment firm TPG Capital at a huge valuation of $5 Billion which prior to this owned quite a huge stake in the cyber company founded 11 years ago thereby increasing its ownership slice with this new investment.

This is more $1.2 Billion more than its previous valuation of $3.75 Billion which came with a investment round of $100 million which was also led by TOG as of last year, An additional sale of $25 million worth of stock from current shareholders is currently in discussion and is slated to occur anytime soon.

Popular and Major Silicon Valley investor Andressen Horowitz along with other investors have been previous backers and shareholders of this huge company founded by Father and Son duo David and Orion Hindawi 11 years ago.






Tanium has performed very well with a 100% revenue increase last year and a $300 million cas…

E-Grocer Good Eggs raises $50 Million to rapidly expand

image credit : Good Eggs

Good Eggs, The online grocery and meal kit delivery service company which operates currently in The Bay Area has raised $50 million in a new round led by Benchmark Capital with other investors including Index Ventures and Obvious ventures to expand rapidly in The Bay Area which they decided to focus on after discontinuing its service in other markets 3 years ago.

The company which backed out from Los Angeles in its move 3 years ago will now return to the city with its services with much more better delivery options. The company now offers the "Same day" delivery option like many of its competitors and now delivers both beer and cocktail kits.

Good Eggs delivers fresh products which it gets from local farmers and then ships through its San Francisco warehouse at a very fast rate which ensures the product freshness and quality, They provide the best quality perishables to customers which gives them a competitive edge on par with other major players lik…

Popular from The Techie

Uber adds former NSA General Counsel to lead its security team

Uber Technologies has named former Director of the National Counterterrorism Center Matthew Olsen as its Chief Trust and Security Officer in a new move which marks efforts by the company to boost security for its data crucial global ride-hailing network.

As announced by its CEO Dara Khosrowshahi on Tuesday, Olsen will be replacing former cybersecurity chief Joe Sullivan who left the company after revelations of a massive data breach concerning tens of millions of users was outed and now heads security at web-performance and security startup CloudFlare.

Thrilled to have Matt Olsen on board as #Uber Chief Trust and Security Officer. He has more than earned the respect of our team at all levels while working with us over the last few months - https://t.co/Xxssp1Wa3r — dara khosrowshahi (@dkhos) August 14, 2018Olsen has served as chief legal adviser to the NSA in addition to holding various leadership positions at government agencies and joined Uber last year as an adviser with him now …

Coinbase's new wallet offers a nice range of cryptocurrency services

Blockchain and crypto trading firm Coinbase has unveiled a new service for its users this time rebranding its decentralized web browser Toshi as Coinbase Wallet as part of larger efforts to put more resources into products aimed at defining the future of the decentralized web.

When launched by Coinbase just over a year ago, Toshi featured the world's first mobile dapp (decentralized apps) browser offering ways of accessing the decentralized web and managing crypto as easy as downloading an app on the mobile phone.

As part of its goals to re-define what users should expect a crypto wallet to be, Coinbase which currently stands as the world's largest digital currency trading service is providing users with several features which include:







A medium to manage ETH and ERC-20 tokens with support for BTC, BCH and LTC in the works.Buying and selling of crypto collectibles.Sending of global payments.Access to major decentralized exchanges for trading of tokens.Reception of airdrops and …

Uber reportedly told by investors to sell its self-driving unit

Ride-hailing giant Uber has been reportedly told by investors to sell its self-driving vehicle unit over mounting losses as per a new piece from The Information which cites an unnamed person familiar with the issue.

Uber's Advanced Technologies Group which comprises of its autonomous vehicle efforts has racked up losses between $125 million to $200 million each quarter for the past 18 months equivalent to between 15% and 30% of its quarterly losses as reported by Uber indicating the unit taken huge investments amid a not yet clear commercialization path.

Over the past 3 years, Uber has invested at least $2 Billion into the unit making efforts to boost its autonomous vehicle base amid competition with the likes of Waymo and several other major self driving startups.





Uber still needs to develop its autonomous vehicle efforts in order to gain a good stand in the long term and would have to figure out ways to court other self driving vehicle developers to its own network and find way…

SoFi said to be seeking credit line of up to $1 Billion

Fintech unicorn SoFi has been reported to be in discussions with local banks aiming for a credit line of up to $1 Billion with the deal said to be precursor to an IPO expected to take place sometime next year.

As per Bloomberg, The SF based company which focuses on online lending even as it makes moves to become a full fledged digital finance firm has approached several financial institutions for a potential loan citing people familiar to the matter.

In the past, SoFi has raised about $150 million in credit facilities in addition to around $1.8 Billion in equity financing which would make it not the first time the company would be taking on a credit line.

Last month, The Wall Street Journal reported of SoFi seeking for a $500 million unsecured credit line geared towards acquisitions but with more expansion as it seeks to offer a vast array of online financial services, It might be tapping into more cash reserves for its operations.

Since taken the position of CEO as the company, form…

Alphabet takes stake in Oscar Health with $375 million investment

NY based healthcare startup Oscar has now gotten a $375 million investment from tech giant Alphabet boosting the total raised by Oscar notable for its health insurance product offerings to about $1.3 Billion across several rounds.

Notably founded by a team consisting of its current CEO Mario Schlosser, Kevin Nazemi and Joshua Kusher (brother of Jared), Oscar has grown to a very good position since its founding 5 years ago garnering backing from the likes of Khosla Ventures, 8VC, Fidelity, General Catalyst, Breyer Capital, Thrive Capital, Goldman Sachs, Stanley Druckenmiller and several notable names, Oscar has grown from just from offering its service to individuals to several business offerings for the healthcare industry.

The New York based startup last raised $165 million prior to this round March this year at a valuation around $3 Billion which remains similar to this one while giving Alphabet a roughly 10% stake in Oscar.

Longtime Google executive and former YouTube CEO Salar Ka…

Kroger and Nuro ride into Arizona with autonomous delivery

Well over a month after announcing a partnership with robo-delivery startup Nuro, Grocery giant Kroger is now bringing self-driving grocery delivery to the state of Arizona with deleveries through Nuro's self driving Toyota Priuses starting this Thursday.

This is the first project for the 2 year old startup launched by two Google autonomous vehicle project veterans which came out of stealth mode with a $92 million funding round announced early this year.

Customers will now be able to order from a single Fry's food location paying a flat robo-delivery fee of $5.95 with no minimum order.

"We're excited to launch our autonomous vehicle delivery pilot with Fry's in Scottsdale," said Kroger Chief Digital Officer Yael Cosset. "Kroger wants to bring more customers the convenience of affordable grocery delivery, and our pilot with Nuro will help us test and learn to understand customer acceptance of autonomous vehicles in our seamless offering"






Nuro's …

Ucommune said to be aiming for $200 million funding round and IPO as early as next year

On the heels of a $43.5 million funding round which valued Ucommune, The 3 year old Chinese co-working startup at $1.8 Billion, A new piece from Bloomberg states of the WeWork China rival aiming to raise $200 million in total in a Series D funding round with the company also aiming for an IPO which could take place as early as next year likely on the Hong Kong stock exchange.

Ucommune has stood as a major co-working startup in the Chinese region heavily funded with well over $400 million so far in funding from several notable Chinese investors having grown to a stated 160 locations in over 35 cities servicing over 150,000 individual members and 8,000 enterprises in total as per the company.





Commenting on the just recently concluded funding round, Mao Daqing, The company's founder and CEO said "The concept of coworking has evolved tremendously over the last two years to one that compasses traditional rental, bespoke design, community networking and new retail. Ucommune has ev…

DoorDash raises another $250 million in funding at a $4 Billion valuation

Food delivery startup DoorDash just six months after taking on a Softbank led $535 million round has nabbed another $250 million in funding from DST and Coatue Management, This time nearly tripling its previous valuation with the San Francisco based startup now being valued at $4 Billion.

This brings the total raised by DoorDash to almost $1 Billion across several rounds for the firm which counts other notable backers including Sequoia, Kleiner Perkins, Y Combinatorial and Khosla Ventures.

Since January, DoorDash's geographical footprint has nearly doubled to 1,000 cities across the U. S. and Canada and is on pace to reach 2,000 cities by the end of this year.






Growing 250% year-over-year, It has added more top restaurants to its platform in addition to a notable grocery delivery partnership with retail giant Walmart which has expanded to nearly 300 stores across 20 U. S states in the last four months.

As it takes on intense competition from the likes of UberEats and Postmates in …

Tinder co-founders and top employees sue parent company Match Group for $2 Billion

Tinder, The successful dating app on pace to earn $800 million in revenues this year has seen quite a bit of action as its co-founders and top executives are suing the parent company, Internet conglomerate Match Group over allegations that it cheated them out of billions of dollars worth of stock options by "manipulating financial information, undermining Tinder’s valuation, and unlawfully stripping away their Tinder stock options."

The plaintiffs involved in this lawsuit include Tinder co-founders Sean Rad, Justin Mateen, and Jonathan Badeen, Three of its current executives with the rest being former executives and directors.

They accuse IAC/InterActiveCorp and its and its Match Group subsidiary of stealing billions of dollars from its employees by making use of "deception, bullying, and outright lies" lowering Tinder's value when dishing out options to them.

As per the lawsuit, Written contracts between IAC and Tinder's employees required the service to …

Kroger teams up with Alibaba to sell groceries in China

U.S.'s largest grocery chain Kroger is now making moves into the international market for the first time ever partnering with Alibaba on a pilot online store test in China launching a store on the Chinese e-commerce giant Tmall's global site offering initial products including organic goods, dietary supplements and private-label products.

Kroger has made long and vast efforts partnering with several technology firms to expand its grocery services having taken actions on autonomous delivery along with collaborations with startups to offer digital integrations for its brick-and-mortar grocery service.

The grocery chain is making these moves to boost growth and keep up with rapidly increasing competition from new ventures with Amazon's Whole Foods being a major contender.

In an interview with the Wall Street Journal, The company's chief digital officer Yael Cosset stated “Growing into the Chinese market is a huge opportunity for Kroger and we are really excited,”. An Ali…