Peak XV, the largest India and Southeast Asia-focused venture firm, is reducing the size of some of its funds and lowering fees as it seeks to become “deeply aligned” with its limited partners. The firm, which raised $ 2.85 billion funds in mid-2022, informed its backers on Tuesday evening that it would cut $ 465 […]
Ibotta’s CEO explains why startups shouldn’t try to time the IPO market
The IPO market has not roared back in 2024 as many investors hoped it would — not yet, at least. Elevated interest rates (this week’s 50 bps rate cut notwithstanding) and uncertainty related to the U.S. election have prompted many companies to stay private and wait for better market conditions. But a handful of companies […]
Back Market lays out its plan to make refurbished phones go mainstream
Back Market held a press conference on Thursday morning in Paris to talk about upcoming product launches and give an update on the company’s current situation. If you’re not familiar with the French startup it operates a marketplace of refurbished electronics devices — mostly smartphones. It’s attracted a lot of investor cash in recent years […]
India weighs easing market share limits for UPI payment operators
The governing body overseeing India’s popular UPI payments rail is considering easing its proposed market share cap for operators like Google Pay, PhonePe and Paytm as it struggles to enforce limitations, two people familiar with the matter told TechCrunch. National Payments Corporation of India (NCPI), a special unit of India’s central bank, is considering increasing […]
Aptos CEO Mo Shaikh shares his journey to web3 and market opportunities in Asia and Middle East
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 […]