A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency issues at other major crypto firms, continues to roil the sector. Genesis Block, which at one time operated one of Asia’s biggest bitcoin ATM networks, said it would be closing down its… Continue reading Hong Kong crypto retail operator Genesis Block says it has stopped tradingEven before FTX’s bankruptcy, Genesis Block had been winding down its Hong K…
Category: Tech News
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Zomato co-founder Mohit Gupta resigns, in third high-profile exit in two weeks
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GIC-backed Skyroot launches India’s first rocket built by the private sector
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Sequoia India-backed Australian e-grocery startup Voly shuts down
Sydney-based e-grocery firm Voly will be shutting down “due to worsening macroeconomic conditions making it difficult to attract new funding”, its co-founder Thibault Henry announced in a LinkedIn post. Several e-grocery firms across the globe have shut down recently after being unable to raise further funding. While in the US, e-grocery firms like Gopuff, Fridge… Continue reading Sequoia India-backed Australian e-grocery startup Voly shuts down
China’s EV upstart Nio switches on power swap station in Sweden
Electric vehicle startup Nio is accelerating its expansion in Europe. The premium EV maker just launched its first power-swapping station in Varberg, Sweden, the company said in a LinkedIn post. When it comes to charging, Nio differentiates itself from its rivals by offering swappable batteries, which are upgradable and charge a monthly subscription fee, on… Continue reading China’s EV upstart Nio switches on power swap station in Sweden
The brand-new Echo Dot just got its first big discount
Deals/ Tech / If you didn’t preorder the fifth-gen Echo Dot smart speaker that can double as an Eero Wi-Fi extender, this is your first chance to pick one up for far less than the usual cost. The new Echo Dot features an integrated temperature sensor and snappier performance than before.Photo by Jennifer Pattison Tuohy… Continue reading The brand-new Echo Dot just got its first big discount
Can Elon Musk turn Twitter into an ‘everything app?’
Share this story “The Man Who Knew Nothing About Risk” Illustration by Laura Normand / The Verge Okay, so last week we talked about the cratering ad revenue on Twitter, and then, just after I published, another major ad agency paused Twitter spending. But I wrote last week’s column to tee up the thing I… Continue reading Can Elon Musk turn Twitter into an ‘everything app?’
Tesla expands Supercharger access to non-Tesla EVs in Italy, now covers most of Europe
Tesla has expanded to Italy its pilot program to give Supercharger access to non-Tesla electric vehicles. It now covers most of Europe. Over the last year, we have been reporting on Tesla ramping up its effort to open the Supercharger network, its extensive global network of fast-charging stations, to electric vehicles from other automakers. In November 2021,… Continue reading Tesla expands Supercharger access to non-Tesla EVs in Italy, now covers most of Europe
TPG Capital said to have sold $123m Nykaa shares just days after lock-in expiredAs on September 30, the private equity firm held a 2.28% stake in the …
TPG Capital has likely offloaded shares worth $123 million (Rs. 1,000 crore) in Nykaa, days after the lock-in expiry for pre-IPO investors in the online fashion and cosmetics retailer ended. According to media reports, TPG Capital is likely to sell the shares at Rs 184.55, a 0.6% discount to Thursday’s closing price of Rs 185.60.… Continue reading TPG Capital said to have sold $123m Nykaa shares just days after lock-in expiredAs on September 30, the private equity firm held a 2.28% stake in the …
India Digest: Lenskart raises $40m, Kapiva to raise over $24m
Lenskart has raised $39.6 million from Chiratae Ventures, DSP India Fund, and Axis Growth Avenues AIF-I, in its fifth funding round this year, according to Inc42. Separately, Entrackr reported that D2C ayurvedic nutrition brand Kapiva is in late-stage talks to raise over $24 million (Rs 200 crore) from OrbiMed. Lenskart said to have raised $40m… Continue reading India Digest: Lenskart raises $40m, Kapiva to raise over $24m