I came across Instabug when I was in Cairo in 2013. Little did I know that this plucky startup, born in the Arab Spring, would eventually make it through Y Combinator’s Winter 2016 class. Now they have gone on to raise $1.7M in a Seed round led by Accel Partners to expand beyond their original aim of mobile app bug reporting. Other prominent angel investors in the team include Amr… Read More
from TechCrunch
Hibob — yes we’re running that low on company names — is a new U.K. startup building out a cloud platform that helps businesses manage their people. Read More
from TechCrunch
SoftBank is continuing to divest some of its major shareholdings after the Japanese firm announced plans to sell around $685 million in stock from games firm GungHo. Read More
from TechCrunch
Groupon continues to streamline its business in Asia after it announced the sale of its operations in Indonesia to a somewhat unlikely buyer. KFit, a startup that sells gym and fitness memberships in the same style as ClassPass, is picking up Groupon Indonesia in an undisclosed deal. Read More
from TechCrunch
Buyouts may replace IPOs as the exit of choice for tech companies in the coming months. This comes as the number of startups unable to exit into a frozen market continues to grow. With only two tech IPOs so far in 2016 and poor market returns for the majority of those already public, companies are turning elsewhere to cash in on their efforts. Just this week, analytics firm QLik was… Read More
from TechCrunch
Snapchat has acquired Seene (also known as Obvious Engineering) a couple of months ago, TechCrunch has learned.
Seene lets you capture 3D models from your phone with a simple smartphone camera. Snapchat could use Seene’s format for a brand new category of selfie lenses, a new 3D photo format and potentially virtual reality projects.
According to our sources, Snapchat was interested in… Read More
from TechCrunch
As the job market becomes more competitive in some industries and unemployment holds steady and even drops in certain regions, job site Glassdoor is reaping some of the rewards. The company — which helps people look for jobs and research companies that interest them based on feedback from others — has raised another $40 million in funding, a Series H round that values the company… Read More
from TechCrunch
Droom, one of several startups taking advantage of India’s booming secondhand vehicle market, is planning to enter new countries after raising a Series B from Beenext and Digital Garage. The company hasn’t disclosed the amount of the round, but TechCrunch has learned that it’s between $25 to $30 million at a post-money valuation of more than $200 million. Read More
from TechCrunch
As more people and businesses shift to digital platforms to get things done, a cloud-based platform for making interfaces easier to navigate continues to grow. WalkMe, which helps guide people through confusing or complicated services online, has raised another $50 million in funding at a valuation that TechCrunch understands from reliable sources is now around $400 million. The… Read More
from TechCrunch
Credit card penetration is one of those problems that isn’t really a ‘problem’ in the West. In the U.S. alone, 232 million adults are said to own at least one credit card, with 18 percent of consumers in the country owning two or three cards. Read More
from TechCrunch