It’s not just instant-delivery startups that are struggling. Oda, the Norway-based online supermarket delivery startup, has confirmed layoffs of 150 jobs as it drastically scales back its expansion ambitions to focus on just two markets, its homebase a…
Would Arm be able to wrangle a price-sales and price-earnings premium to Intel and TSMC? We think so.
SoftBank once invested in social app IRL at a $1.1 billion valuation. Now, the Japanese investment firm is suing the defunct company for fraud, alleging $150 million in damages. IRL was supposedly poised to become an event organizing alternative for Gen Z, who are using Facebook less and less. Its self-reported numbers were impressive enough…
Indian startups experienced a significant contraction in funding in the first half of 2023, revealing the knock-on effect of broader public market instability on young ventures in emerging regions. The first six months of 2023 saw Indian startups raise a mere $5.46 billion, a substantial 68% decline from the $17.1 billion during the same timeframe…
SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese investment giant, the most prolific global investor in tech startups, suffers from the valuation corrections across its private and public tech backings amid weakening global economy. The loss surged 68% from the same period a year prior, when SoftBank had…
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