Some of the world’s largest car makers and auto industry investors are pumping tens of millions of dollars into a United Kingdom startup with an augmented reality (AR) head-up display system for drivers, The Wall Street Journal (WSJ) reported. GM Ventures, the venture capital subsidiary...
SoftBank is dispatching officials to help one of its largest startups, Oyo, which is besieged by the pandemic’s economic effects, according to Bloomberg. Oyo Japan is a joint venture between the Indian online hotel company and SoftBank’s domestic telecoms unit, and it is among the...
No sector of the U.S economy has been spared from the economic fallout of COVID-19. But the ranks of tech startups have been devastated with the layoff of nearly 70,000 workers in the last four months, putting the kibosh on the information technology’s (IT) talent...
San Francisco tech startup founders are accepting tougher funding terms — if they can even get any money — as many announce layoffs, cuts and spending freezes amid the global coronavirus pandemic, according to the Financial Times (FT). “At least for the short term, gone...
Venture capital funding is starting to bounce back in China after the coronavirus triggered a slowdown in what was already a stagnant climate for startups, according to a report in the Financial Times on Monday (April 13). Data from the Asian Venture Capital Journal showed...
OneWeb, which wanted to make internet access worldwide and widespread, has filed for bankruptcy and let most of its employees go after it couldn’t get any more funding, according to a press release. The lack of funding includes any new investment from its biggest backer,...
The Getaround car-sharing platform is shopping around for a buyer as the coronavirus pandemic kills demand for its services, Bloomberg reported Friday (March 20), citing sources. The Softbank-backed startup had been valued at $1-plus billion, but travel-related businesses have been financially decimated as COVID-19, the...
Singapore-based app Grab has launched an accelerator program for startups in Vietnam, according to a report by Deal Street Asia. The initiative, called Grab Ventures Ignite (GVI), is part of the “Grab for Good” development plan in the country. Vietnam is the first participating country,...
Facebook has connected with Sequoia Capital India’s Surge accelerator initiative to roll out the fourth version of the VC Brand Incubator program in India, Deal Street Asia reported. The social media company started the VC Brand Incubator in June 2019 to support small and medium-sized...
