Apple will launch its online store in India on September 23

Apple will launch its online store in India on September 23, bringing a range of services to customers in the world’s second largest smartphone market for the first time in the 20+ years since it began operating in the country. The company, which currently relies on third-party online and offline retailers to sell its products […]

The Chainsmokers just closed their debut venture fund, Mantis, with $35 million

Alex Pall and Drew Taggart are best known as The Chainsmokers, an electronic DJ and production duo whose first three albums have given rise to numerous Billboard chart-topping songs, four Grammy nominations and one Grammy award, for the song “Don’t Let Me Down.” Soon, they hope they’ll be known as savvy venture investors, too. They […]

Klarna raises $650 million at a $10.6 billion valuation

Fintech startup Klarna has raised a mega-round of funding led by Silver Lake. The company is raising $650 million at a post-money valuation of $10.65 billion. Klarna says it is now the highest-valued private fintech company in Europe following today’s funding round. In addition to Silver Lake, GIC (Singapore’s sovereign wealth fund) and funds and […]

This Labor Day, spare a thought for the workers who made your doorstep delivery possible

Arjuna Costa Contributor Arjuna Costa is a partner at Omidyar Network and early stage investor in Ruma. More posts by this contributor Tech workers looking to make a difference in the world should donate their skills A few weeks ago, I bought a used paperback mystery for $3 via a small online bookseller. Intrigued that […]

Why a startup with $10M in annual revenue took 18 months to get VC funding

Back in 2006, Joseph Heller went to China where he spent the next decade learning about the manufacturing business. Based on that experience he eventually built a startup called The Studio. The idea was to help connect people with a small business idea to manufacturers in China in a fully digital way. By 2016 he […]

What will a Wish IPO look like? We should find out soon

Wish, the San Francisco-based, 750-person e-commerce app that sells deeply discounted goods that you definitely don’t need but might buy anyway when priced so low — think pool floats, guinea pig harnesses, Apple Watch knockoffs — said yesterday that it has submitted a draft registration to the SEC for an IPO. Because it filed confidentially, […]

Bambuser raises $45M after shifting focus to live video shopping

Bambuser is a name you may not have heard in a while, but the Stockholm-headquartered company is announcing today that it has raised $45 million in new funding this year, with $34.5 million of that amount raised during the pandemic. Bambuser’s history goes back more than a decade (the first TechCrunch coverage appeared in 2008). […]

Facebook is bringing a Shop section to its app, while Instagram expands Live Shopping

Facebook is announcing a number of new e-commerce features both within the main Facebook app and on Instagram. The pandemic has forced many businesses to shift online, and Facebook made a big announcement in May around the ability of merchants to create Facebook Shops that are viewable on both Facebook and Instagram. More recently, Instagram […]

Our 11 favorite companies from Y Combinator’s S20 Demo Day: Part I

Startup incubator and investment group Y Combinator today held the first of two demo days for founders in its Summer 2020 batch. So far, this cohort contains the usual mix of bold, impressive and, at times, slightly wacky ideas young companies so often show off. This was Y Combinator’s second online demo day, its first […]

Meet the anti-antitrust startup club

When Congress called in tech CEOs to testify a few weeks ago, it felt like a defining moment. Hundreds of startups have become unicorns, with the largest worth more than $1 trillion (or perhaps $2 trillion). Indeed, modern tech companies have become so entrenched, Facebook is the only one of the Big Five American tech […]