Author: TechCrunch News

Amazon plans to more than double its investment in India in the next seven years, the e-commerce group said, joining a roster of other high-profile American giants ramping up commitment to the South Asian market after meeting with Prime Minister Narendra Modi this week. The e-commerce group has invested about $11 billion in India to…

Mauricio Costa, a software engineer and music composer living in Atlanta, is creating a musical comedy out of the Silicon Valley Bank collapse, called “The Valley.” Perhaps the wounds are still fresh, but Costa told TechCrunch while reading articles about the bank’s demise and trying to understand what was going on, “I could see the…

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 start of a new season is always a good time to revisit past predictions and look for new topics to track. Today,…

Access to healthcare has long been an issue in the U.S., but the sheer magnitude of the problem became apparent during the early days of the COVID-19 pandemic. Numerous digital health startups stepped in to address the plethora of issues, and for a few quarters, VCs flocked to back them. Many of those startups are…

Most founders won’t realize that they’re on the wrong track until it’s too late. That’s because failure is something many entrepreneurs can only perceive in hindsight: The day-to-day work of building a startup requires a high degree of confidence — and for some, denial. Quoting the movie “Grosse Pointe Blank,” perhaps this column by Haje…

The International Space Station has a monopoly on in-space research, but the huge surge of interest in commercial space is starting to change that. Atmos Space Cargo, a German startup, is looking to open up the opportunities for life sciences research and manufacturing in orbit with its return capsules that will deliver cargo from space…

Meta plans to end access to news on Facebook and Instagram in Canada in response to legislation that would require internet giants to pay news publishers. The legislation, known as the Online News Act, was approved by the country’s Senate on Thursday. The law will force internet giants to negotiate compensation deals with news publishers…

Nikola Corp said Friday it suspected “foul play” in a fire outside of its Phoenix headquarters that affected some of its battery electric trucks. The fire, which Nikola tweeted about and has since confirmed with TechCrunch, started early this morning behind its headquarters. A vehicle was seen in the area of the affected trucks just prior…

Global giant Deloitte quit as the auditor of Byju’s and three board members resigned from the most valuable Indian startup on Thursday, sending a shockwave through the industry, a year after the Indian firm’s tardy financial reporting attracted global scrutiny. Byju’s, valued at $22 billion, in a statement termed Deloitte’s resignation as “planned transition” and refuted…

Genies, the Bob Iger-backed avatar tech company, announced Thursday the launch of its Developer Engagement Fund to reward developers that build AR experiences via Genies’ recently announced developer kit. The total fund size is $1 million. Genies will reward certain developers based on the level of traction, such as how many users are participating in…