If you asked a bunch of VCs at the end of 2023 if the IPO market would finally open again in 2024, most of them would have said yes. We know because TechCrunch surveyed more than 40 of them in December and that’s what they said. Yet, there are two weeks left in Q1, still […]
Baron values Swiggy at $12.16B, above prior private market valuation
Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm, implying a valuation of $ 12.16 billion, surpassing the $ 10.7 billion post-money valuation at which Swiggy secured funding in early 2022. New York-based Baron Capital disclosed in new fillings that it has marked […]
India’s smartwatch market in flux as unknown brands challenge heavyweights
India’s smartwatch market has transformed, seemingly overnight. For years, it has been dominated by its homegrown players, while global giants like Apple and Samsung have struggled for presence, amid the hundreds of millions of annual shipments. Suddenly, however, the category has been flooded with unknown brands, which have no prior and significant existence. These have […]
Cultivated Biosciences poised to take its plant-based cream to market in 2025
Products derived from animals have that familiar taste and texture, and replicating that with plant-based alternatives has been a challenge for some companies. Dairy, in particular, is an area where you have to get that “creaminess” texture but without the real cream. Cultivated Biosciences, a Swiss biotechnology food startup says it has solved this with […]
Apple fined $1.84BN in EU over anti-steering on iOS music streaming market
The European Union has fined Apple €1.84 billion for breaching antitrust rules in the market for music streaming services on its mobile platform, iOS. The penalty is focused on Apple’s application of anti-steering provisions, which put restrictions on music streaming apps’ abilities to tell consumers about cheaper offers outside Apple’s App Store. The iPhone maker […]