Category: Tech News

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Wing brings drone delivery options to DoorDash customers in Logan, Australia

DoorDash is teaming up with Alphabet’s Wing to offer customers an easier way to arrange for goods to be delivered via drone. Beginning this week, a small number of DoorDash users in Logan, Australia will be able to order certain convenience and grocery items through the DoorDash app and have them delivered by a Wing… Continue reading Wing brings drone delivery options to DoorDash customers in Logan, Australia

Electric commercial van maker Arrival delays revenue until 2024

Troubled electric vehicle startup Arrival, which is restructuring its business to develop commercial vans for the U.S. instead of Europe, said Tuesday it doesn’t expect to earn revenue until after 2023. The British company, which has struggled to raise funds to produce EVs using its modular microfactory strategy, will halt operations at its Bicester, U.K.,… Continue reading Electric commercial van maker Arrival delays revenue until 2024

Elon Musk says Twitter usage is ‘at all-time high LOL’

Image: Nick_ Raille_07 / Shutterstock.com A week after taking the helm of Twitter, Elon Musk has declared that Twitter usage is actually “an-all time high” amid the confusion of mass firings (and attempted re-hirings), advertisers abandoning ship and sudden policy shifts. “Twitter usage is at an all-time high lol,” Musk wrote, adding that, “I just… Continue reading Elon Musk says Twitter usage is ‘at all-time high LOL’

Xiaomi backs Chinese auto electronics maker Atech’s $69m Series C roundThe deal marks Xiaomi’s latest investment in the auto sector.

Xiaomi has invested in auto electronics maker Atech Automotive, in the Chinese smartphone maker’s latest bet on the country’s auto industry after venturing into electric vehicle (EV) production last year. Atech Automotive, a nearly-two-decade-old Chinese manufacturer of auto electronics used in intelligent and autonomous driving vehicles, announced on Tuesday the completion of its Series C… Continue reading Xiaomi backs Chinese auto electronics maker Atech’s $69m Series C roundThe deal marks Xiaomi’s latest investment in the auto sector.

India: FirstCry, Myntra early backer Chiratae marks first close of growth fund at $93m

Venture capital firm Chiratae Ventures on Tuesday said it has raised $93 million (Rs. 759 crore) for the first close of its ‘Growth Fund I’ to invest in growth-stage startups. The firm said it plans to now close its greenshoe commitments by Dec 2022 and is targeting to invest across 15-20 startups raising Series C… Continue reading India: FirstCry, Myntra early backer Chiratae marks first close of growth fund at $93m

Grab digibank senior exec Reuban Lai said to be leaving

Reuben Lai, the executive director of GXS Bank — the digital banking joint venture of Grab Holdings and Singapore Telecommunications (Singtel) — is said to be leaving the company at the end of this year. He is, however, said to remain a director on the board of GXS’ digital bank in Malaysia. DealStreetAsia has reached… Continue reading Grab digibank senior exec Reuban Lai said to be leaving

Apheris Raises €8.7M in Seed extension Funding

Apheris, a Berlin, Germany-based provider of a platform for creating collaborative data ecosystems, raised €8.7M in Seed extension round. The round was led by Octopus Ventures, with participation from LocalGlobe, Digventures, Another.VC, Patrick Pichette, Heal Capital, Berthold von Freyberg, and Mirko Novakovic. The company intends to use the funds to further develop its technology and… Continue reading Apheris Raises €8.7M in Seed extension Funding

Tesla critic claims his anti-Tesla ad was banned from Twitter for ‘political’ reasons

/ The Dawn Project, an anti-Tesla group fronted by software developer Dan O’Dowd, said its ad criticizing Tesla Full Self-Driving was rejected for violating a ban on ‘political’ content. Photo by Loren Grush / The Verge A vocal Tesla critic is alleging that Twitter rejected an anti-Tesla ad from his safety advocacy group, claiming that… Continue reading Tesla critic claims his anti-Tesla ad was banned from Twitter for ‘political’ reasons

Investcorp plans major ramp up of India assets to $5b in medium term, says co-CEOThe firm is looking at investment opportunities in Indonesia and the …

Editor’s note: This story, originally published on Nov. 7, has been updated to include the company’s comments. Alternative assets manager Investcorp is planning to increase its exposure to India in the next five years, its co-CEO Rishi Kapoor told DealStreetAsia. The firm currently manages just over $600 million in India, which is a mere 1.5%… Continue reading Investcorp plans major ramp up of India assets to $5b in medium term, says co-CEOThe firm is looking at investment opportunities in Indonesia and the …