Billionaire Mukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major deal the top Indian telecom operator has secured in just as many weeks. On Friday, KKR announced it will invest $1.5 billion in the top Indian telecom operator, a subsidiary of India’s […]
Google has announced a new, welcome and no doubt long-asked-for feature to its Maps app: wheelchair accessibility info. Businesses and points of interest featuring accessible entrances, bathrooms and other features will now be prominently marked as such. Millions, of course, require such accommodations as ramps or automatic doors, from people with limited mobility to people […]
Run The World, a year-old startup that’s based in Mountain View, Calif., and has small teams both in China and Taiwan, just nabbed $10.8 million in Series A funding co-led by earlier backer Andreessen Horowitz and new backer Founders Fund. It’s easy to understand the firms’ interest in the company, whose platform features every functionality […]
Magic Leap has reportedly received a $350 million lifeline, a month after slashing 1,000 jobs and dropping its consumer business. Noted by Business Insider and confirmed by The Information, CEO Rony Abovitz sent a note to staff announcing the funding, courtesy of unnamed current and new investors. The who — and more importantly, why — […]
We’ve been on a roll with our Extra Crunch Live Series for Extra Crunch members, where we’re talking to some of the biggest names in Silicon Valley about business, investment and the startup community. Recent interviews include Kirsten Green from Forerunner Ventures, Charles Hudson from Precursor Ventures and investor Mark Cuban. Next week, we’re pleased […]
The novel coronavirus disease has reminded millions that handwashing is a great way to avoid preventable diseases. Christine Schindler, the CEO and co-founder of PathSpot, has been preparing for the past three months for the past three years. “I’ve been obsessed with handwashing,” Schindler said, who has a background in biomedical engineering and public health. […]
Twitter is giving users tools to avoid abusive or annoying replies, MakeSpace raises $55 million and Sphero gets a new CEO and a new spinoff. Here’s your Daily Crunch for May 21, 2020. 1. Twitter is testing a feature that limits who can reply to your tweets Users can pick from one of three options: […]
The team behind Trash, an app that uses artificial intelligence to edit your video footage, launched a number of new features this week that should make it more useful for anyone — but especially independent musicians. I wrote about the startup last summer, when CEO Hannah Donovan told me that her work as Vine’s general […]
Spotify this week joined a growing number of tech giants expanding their work from home policies as the COVID-19 pandemic continues to drag on. While not as radical as Twitter’s recent decision to let staff work from home forever, the music streaming service’s move does represent increased openness to the arrangement. First noted by Variety, […]
Netflix said Thursday it will ask customers who have not watched anything on the on-demand video streaming service in a year or more if they wish to maintain their subscription — and will cancel their membership if it does not hear back. The company said it has started to notify customers who have’t watched anything […]