Two of India’s hottest startups, fintech firm Paytm and food delivery provider Zomato, have reported wider losses in their quarterly earnings. One 97 Communications Ltd, the parent company of Paytm, reported a higher fourth-quarter loss on Friday due to higher payment processing, marketing and employee costs. However, its shares jumped 8% as CFO Madhur Deora… Continue reading India: Paytm, Zomato feel the heat with wider quarterly losses …
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Ex-Twitter India head’s Invact Metaversity explores shutting ops after disagreements with co-founder
Just three months after raising funds, Invact Metaversity, referred to as a “metaverse” university, is exploring options that include cutting the burn rate, pivoting to another idea, letting one of the founders take full charge, or returning the excess capital to investors, as its founders stand at crossroads regarding their vision for the edtech company.… Continue reading Ex-Twitter India head’s Invact Metaversity explores shutting ops after disagreements with co-founder
Abu Dhabi’s Borouge secures cornerstone investors including India’s Adani family
Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it secured seven cornerstone investors, including India’s wealthy Adani family for its $2 billion initial public offering (IPO). The Abu Dhabi National Oil Company and Borealis’ joint venture set the offer price for its IPO at 2.45 dirhams ($0.67) a share, which implies an equity value of $20 billion, it… Continue reading Abu Dhabi’s Borouge secures cornerstone investors including India’s Adani family
Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
Chinese ride-hailing giant Didi Global will delist from the New York Stock Exchange, after a majority of the company’s shareholders voted in favor of the plan, putting to rest a year-long clash with Beijing over its U.S. stock market listing. In an extraordinary general meeting (EGM) held on Monday, 96.26% of shareholders who were present… Continue reading Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
Didi’s delisting now done deal
Chinese ride-hailing giant Didi’s shareholders have voted to delist the company from the NYSE. The decision is a long-expected result of the company finding itself in hot water with the Chinese government after a rushed and later troubled public-market debut in the United States. Didi went public in the middle of 2021 in an offering… Continue reading Didi’s delisting now done deal
The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi frens, welcome back to The Station, your weekly guide to everything going on in the world of transportation. First up, TechCrunch finally got back onstage and in-person… Continue reading The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report
Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and staking cryptocurrency can range from 1% to as high as 15% for riskier projects. Others are looking at high-yield savings accounts like the one from… Continue reading Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
Ex-Uber executive reveals how driver earnings were slashed in Kenya
New details have emerged showing that Uber was planning to further reduce commuter charges in Kenya, months after the 35% cut of 2016, which is the subject-matter of a civil suit filed by drivers against Uber BV and its local subsidiary. Alissa Orlando, a former Uber executive in Kenya, said that she left the ride-hailing… Continue reading Ex-Uber executive reveals how driver earnings were slashed in Kenya
The 6 best rewards credit cards of 2022
Do you have excellent/good credit? With the exception to the Discover it Secured Card that doesn’t require a FICO score, the recommended credit score for our top picks ranges from 670 – 850. If you’re in that range, the following information is suited for you. When it comes to credit cards, rewards cards are arguably… Continue reading The 6 best rewards credit cards of 2022
The 5 best push mowers of 2022
Push mowers are ideal for smaller yards since they have more narrow cutting decks and are more stripped-back than their ride-on tractor cousins. Along with traditional gas-powered models, you can find a wide variety of electric and manual reel mowers if you’re in the market for a more eco-friendly way to care for your lawn. … Continue reading The 5 best push mowers of 2022