Author: TechCrunch News

UK-based early-stage media technology venture capital firm GMG Ventures has rebranded to Mercuri. It has also raised £50 million ($81.35 million) for its second fund led by British Business Bank, through its Enterprise Capital Funds program, to back startups using artificial intelligence to reinvent traditional media models. Other investors in the latest fund include The…

Flipkart has begun lending to customers, expanding its financing offerings in a move that could potentially boost sales even as its chief rival Amazon has signalled a slowdown in India. The Walmart-owned Bengaluru-headquartered firm, in partnership with lender Axis Bank, is extending a credit of up to 500,000 Indian rupees, or $6,100, according to a…

It was a very busy week in the world of fintech, which certainly kept us on our toes. We covered a couple of notable M&A deals (including one of the biggest of the year so far), a different kind of financial services startup aimed at undocumented immigrants, Brex’s official recommitment to the startup community and…

Tesla has topped Wall Street delivery estimates in the second quarter of 2023 as the automaker’s many price cuts and the Biden administration’s federal electric vehicle tax credits take effect. The Elon Musk-owned EV-maker reported record global production of 479,000 units and record deliveries of 466,140. That’s up 10% from the 422,875 Tesla EVs delivered…

As part of our ongoing coverage of VC performance in the first half of 2023, TechCrunch+ surveyed 15 investors about their investment cadence and their plans for the second half of the year. As expected, it appears a good mix of investors wrote checks at the rate they’d aimed for, while others fell a bit…

If you live in a state where online sports betting is legal, companies like FanDuel, Caesars Sportsbook and DraftKings don’t let you forget it. They dominate TV ad slots during sports games and seemingly everywhere else, too. They give the mirage that the market is saturated with no room for startups. Betr, well, wouldn’t bet on…

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. The rise of FinOps already fueled multiple acquisitions, including IBM’s plan to acquire Apptio for a whopping $4.6 billion, but I bet there’s…

It’s that time of week again, folks. Welcome to Week in Review (WiR), TechCrunch’s regular digest of the past week in tech. New here? Not to worry — sign up here to get WiR in your inbox every Saturday, then read on for the week’s recap. This week, we’re covering Netflix quietly axing its basic…

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. This week, I’ve been doing a lot of thinking about how some of the biggest companies in the world have as much — if not more — power than entire countries. Most countries, at least, have some level of democratic…

Travis VanderZanden’s slow-motion departure from Bird is now complete. The scooter rental company announced in a late-Friday news dump that the executive has stepped down from his role as chairperson of Bird’s board, “effective immediately.” Replacing VanderZanden is John Bitove, who played a role in saving Bird’s bacon this past December via its merger with…