India has about 100 unicorns, which includes names like Swiggy, Ola, Nykaa, etc., and 170 soonicorns, such as Ather Energy, SUGAR Cosmetics, Dunzo, and others. With the start-up ecosystem maturing in the last decade, the time taken to reach the $100 million-mark has decreased significantly to just five years now, a new report by Redseer … Read more
The founder of an energy-saving Australian mining tech start-up has accused the industry of “posturing” over its green credentials — by talking about future plans rather than acting immediately to reduce its carbon footprint. “The industry has a credibility problem,” said Andrew Job, founder of Plotlogic, which is backed by former Google chief executive Eric … Read more
Global payment giant Mastercard continues supporting cryptocurrency and blockchain startups as part of its fintech accelerator, the Mastercard Start Path program. Mastercard has chosen another seven industry startups for its Start Path program in order to promote the adoption of crypto and blockchain technology, the firm announced on Nov. 3. The new cohort of startups … Read more
The incubator program focuses on EU-based startups building the next generation of Web3 consumer experiences with an emphasis on accessibility and scalability. Source link
Fresh from six months of training courses to build up his skills for a job in China’s talent-starved semiconductor industry, civil engineering graduate Frank Jiang has sent his resume to more than 20 chip companies since July. Not one has responded with an offer. In China’s Covid-ravaged economic climate, workers have been looking to switch … Read more
For years, anyone seeking a role model for successful businesses could look to the world of tech and fintech. Companies such as “buy now, pay later” pioneer Klarna — once Europe’s most valuable private tech company — commanded vast valuations, with investors funnelling money into their growth. But as inflation rises fast and the macroeconomic environment … Read more
According to local news outlet Yomiuri, Japan’s Financial Services Agency is considering amending the virtual currency taxation system for corporate entities ahead of the country’s 2023 tax reform. The proposed change includes removing capital gain liabilities for undisposed corporate crypto assets at the end of each taxation year, as well as changing the classification of … Read more
UK investment trust Chrysalis has hailed the rebound in tech stocks this summer as a sign that the fortunes of high-growth start-ups will improve over the coming months after a brutal start to the year. Richard Watts and Nick Williamson, managers of the London listed trust that has bet heavily on growth stocks such as … Read more
Rivian (RIVN) reports second-quarter earnings on Thursday after the market close, amid layoffs and supply-chain issues. RIVN stock rose on Wednesday. X Rivian has begun its restructuring plan that includes laying off about 6% of its workforce, or about 900 people, according to an Aug. 1 TechCrunch report, citing an internal email. The layoffs are … Read more
It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money into digital currency and blockchain startups at a pace that’s set to outstrip last year’s record. In the first half of the year, VCs bet $17.5 billion on such firms, according to data from … Read more