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Y Combinator Backed Nebia Unveils New Shower System

Nebia, a 2014 founded, San Francisco based, Y Combinator and Apple CEO Tim Cook backed startup, known for its shower system which it says uses up to 70% less water than conventional ones via a unique "water droplet technology that atomizes water", has unveiled a new version dubbed the Nebia Spa Shower 2.0, this time, promising more heat, more power and more water coverage.

Nebia has taken to Kickstarter, the same spot it debuted the first Spa Shower, raising $3.1 million from over 8,000 backers in 2015. Now on Kickstarter with the Spa Shower 2.0, Nebia has garnered more than $600,000 - 600% of its $100,000 funding goal - just a day after launch.



For summary, Nebia 2.0 keeps all features from the first version - like a sliding arm, megnetic dock and head tilt - but promises 3x faster water droplets and 2x more water coverage for users, coming in multiple colors to match various bathroom designs. Nebia says the new shower system is compatible with 95% of U.S. homes, up from 6…

Gett reported to be wooing buyers as Ride-hailing firms fight it out

image source : Gett

Israeli on-demand mobility company Gett, last valued at $1.44 billion from a June investment has been reported to be wooing buyers in a bid to compete with bigger rivals. This report comes from Bloomberg and states of the company having approached potential bidders including other car-hire firms.

The report says it may sell its entire business or offer regional operations outside of its home market and may also consider a listing, partnership or sale of a minority stake to take more capital although there is no guarantee this will happen.

image source : Gett

Gett has raised over $700 million till date but is facing challenges in the face of growing competition from other players in the ride-hailing industry. Swedish fund manager Vostok which participated in a round for the company cut its stake by 14% valuing its 4 % ownership at $55.5 million.

Hefty costs such as the acquisition of U.S. ride-hailing firm $200 million have also been incurred by the company in the expensive ride-hailing battle. Fellow on-demand firms like Uber, Lyft, Grab, Taxify and others are spending heavily on expansion moves with many incurring losses as a result of this. Gett was also reported by Bloomberg this July to be considering a sale of Juno which it acquired for the high sum.

Even with this, The company currently operates in 120 cities and leads in its home market of Israel. Outside Israel and the U.S., Gett also operates significantly in Russia and the U.K.




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