Despite significant uncertainty across global markets, US-headquartered private equity (PE) giant General Atlantic continues to bet big on opportunities in India and Southeast Asia — two regions it considers as the bright spots for growth. “We remain excited about the dynamic and innovative entrepreneurial ecosystem in India and Southeast Asia,” Sandeep Naik, managing director, head… Continue reading India, SE Asia are global bright spots for growth, says General Atlantic’s Sandeep Naik
Category: Tech News
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The LP View: PTT banks on its VC network for seamless due diligence
Thai state-owned SET-listed oil and gas company PTT has earmarked about $500 million for investments in tech companies and venture capital funds. While the majority of the capital is meant for direct investments, PTT also acts as a limited partner (LP) in a spate of Asian and global funds. Go to Source
Bukalapak-backer Spiral Ventures targets to raise over $30m for fourth vehicle
Singapore-headquartered Spiral Ventures, which has backed Indonesia-listed online marketplace Bukalapak and SE Asian used car platform Carsome, is targeting to raise over $30 million for its fourth Asia-focused fund. The VC firm is targeting the first close of the new vehicle in Q1 2023. Spiral Ventures closed its third fund at $30 million in March… Continue reading Bukalapak-backer Spiral Ventures targets to raise over $30m for fourth vehicle
Uber to sunset free loyalty program in favor of subscription membership
Ride-hailing giant Uber is shutting down its free loyalty program, Uber Rewards, so it can focus on its subscription-based Uber One membership. Uber first launched the rewards program in 2018 as a sort of frequent flyer scheme that allowed riders to earn points for every dollar spent on rides or Uber Eats deliveries. Those points… Continue reading Uber to sunset free loyalty program in favor of subscription membership
Tesla announces Gigafactory Shanghai produced its 1 millionth electric car
Tesla announced today that Gigafactory Shanghai has just produced its 1 millionth electric car – an important milestone for Tesla’s new global export hub. Last year, CEO Elon Musk disclosed that Gigafactory Shanghai has now surpassed Fremont Factory in production capacity, and Tesla has made the Chinese factory its new main export hub. Gigafactory Shanghai is… Continue reading Tesla announces Gigafactory Shanghai produced its 1 millionth electric car
Elon Musk Says Demand for Tesla Outpaces Production Ability Following Giant Order
Will Tesla make good on that order? Tall Order Last week, US-based electric vehicle subscription startup Autonomy announced it would order a total of 23,000 EVs from multiple auto makers. The order cost more than $1 billion, and Tesla came out with the top share. Autonomy ordered 4,300 EVs from Tesla, which will cost just… Continue reading Elon Musk Says Demand for Tesla Outpaces Production Ability Following Giant Order
Freya the Boat-Climbing Walrus Euthanized Because of Stupid Humans
Way to go, humanity — we’ve officially killed Freya the globe-trotting walrus. Back in July, Freya made headlines for her love of sunbathing on small Nordic boats, several of which she accidentally sank with her giant 1,500-pound body. At the time, authorities planned to build her a special floating platform that could support her weight… Continue reading Freya the Boat-Climbing Walrus Euthanized Because of Stupid Humans
Best Gaming Headsets Under $50
Gaming headsets under $50 are a great choice for gamers on a budget. There are a few compromises one must make when buying a headset for gaming at this price point, but you can expect at least a few surprises too. It doesn’t matter where you get your game on, from PS5 to Nintendo Switch… Continue reading Best Gaming Headsets Under $50
The Best Electric Kick Scooters
Scooters are electric vehicles, so there are a few things you should and shouldn’t do if you get one. First, if you’ve never ridden an electric scooter and are nervous about shelling out for one, try a rideshare service. Companies like Lime, Lyft, and Bird let you grab an escooter for not a lot of… Continue reading The Best Electric Kick Scooters
Particle Physicists Puzzle Over a New Duality
Once found, these inscrutable rules have helped particle physicists calculate scattering amplitudes at much higher levels of precision than they could achieve with the traditional approach. The restructuring also allowed Dixon and his collaborators to spot the hidden connection between the two seemingly unrelated scattering amplitudes. Antipode Map At the heart of the duality is… Continue reading Particle Physicists Puzzle Over a New Duality