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As a young immigrant in Brooklyn, Mo Shaikh often pondered over his father’s taxi earnings. His father would say he made $100, but Shaikh couldn’t understand why only $60 made it home. (The rest, he learned, went to intermediaries.) This early experience sparked his curiosity about financial systems, but also their shortcomings and the need…
BDO, the auditor for Indian edtech startup Byju’s, has resigned with immediate effect, marking the second auditor departure for the embattled startup in about a year and further intensifying concerns about its financial health and governance. In a scathing resignation letter, BDO subsidiary MSKA highlighted multiple issues with Byju’s, including significant delays in financial reporting,…
In the world of modern AI, data is more than just a resource — it’s the fundamental core that aligns decision-makers, supports processes and enables innovation. As AI applications become more robust and pervasive, the pace of such advancement is only as good as the evolution of the data infrastructure behind it. We are delighted…
European regulators are pushing hard for greener energy. The REPowerEU plan calls for 10 million additional heat pumps to be added by 2027, and solar panels are also on the rise. But most installations are done by small businesses that could be more productive with better work processes. This is where German startup Reonic comes…
If you spend time on X or Threads, where snarky memes rise and fall, you’ve probably seen posts referencing “founder mode” over the last few days, like this: https://www.threads.net/@carnage4life/post/C_eaQAxyIcV Or maybe this: You may even have seen this parody about “goblin mode.” The chatter ties to a recent blog post that Y Combinator founder and…
Safe Superintelligence (SSI), the AI startup co-founded by former OpenAI chief scientist Ilya Sutskever, has raised over $1 billion in capital from investors including NFDG (an investment partnership run by Nat Friedman and SSI CEO Daniel Gross), a16z, Sequoia, DST Global and SV Angel. SSI told Reuters that it plans to use the tranche to…
Digital lending platforms have become an easy and swift alternative source of credit for microenterprises and individuals overlooked by traditional banking institutions. These platforms have turned into a lifeline for millions of underbanked and demand will keep growing, pushing the value of the digital lending platform market in the Middle East and Africa to reach…
Indian online pharmacy startup PharmEasy, once valued at $5.6 billion, is still about 92% below its peak valuation, according to new estimates by its investor Janus Henderson. According to the British-American global asset firm, which disclosed how it values its shares in the Indian startup in a securities filing, PharmEasy’s implied valuation at the end…
From idea to IPO, Disrupt charts startups at every stage on the roadmap to their next breakthrough. TechCrunch will gather some of the startup world’s leading companies — but our partners provide more than just financial support. Their presence at Disrupt gives new and prospective founders the tools, knowledge and community they need to build…
PruVen Capital, a fintech and insurance tech venture fund founded by former Benchmark and Citi ventures VC Ramneek Gupta, has closed a new $378.5 million Fund II to invest in financial services and enterprise-focused startups. This second fund is significant because Gupta expanded it beyond a corporate fund with one main LP – Prudential Financial…