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GoMechanic has laid off 70% of its workforce as the Sequoia India-backed startup grapples with funding crunch after the existing and prospective investors found that the founders had misstated facts. The move comes as the Gurgaon-headquartered GoMechanic, which offers auto-services such as repairing and carwashing, has been struggling to raise funds for over a year
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PeopleFund, a South Korean marketplace that connects borrowers and investors to enable lending, has recently added $20 million to its $63.4 million Series C. Existing backer Bain Capital led the extension, with participation from previous investors such as Access Ventures, CLSA Capital Partners Lending Ark Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners
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The U.K. government has confirmed it will expand criminal liability powers contained in draft online safety legislation which is currently making its way through parliament with the aim of preventing platforms from intentionally flouting child-safety rules. The current version of the (already much amended) Online Safety Bill, which is set to return to parliament today for
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It’s not just quality content that makes a streaming service stand out amongst its competitors. Improving the user experience is still an integral part of the fight to reduce churn. On Monday, Netflix rolled out updates to its iPhone app that introduced a revamped interface featuring a new billboard layout, new card transitions, new animation
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Cumul.io, the company behind a low-code business intelligence (BI) analytics platform for software-as-a-service (SaaS) companies, has raised €10 million ($10.8 million) in a Series A round of funding. Founded out of Belgium in 2015, Cumul.io works in a similar space to well-established BI incumbents such as Tableau and Looker, but sets itself apart with a
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An increasing number of organizations are adopting microservices, the loosely-coupled, independently-deployable services that together make up an app. According to a 2020 O’Reilly survey, 77% of organizations had adopted microservices as of then, with 29% reporting that they were migrating or implementing a majority of their systems using microservices. The widespread microservices adoption has spawned
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This weekend, Mayor of Paris Anne Hidalgo told Le Parisien that Parisians will get to vote whether they want to ban free-floating electric scooters or not. As I explained last week, Dott, Lime and Tier, the three scooter companies currently operating in the city, have operating licenses that are set to expire on March 23rd,
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Kwara, a Kenyan fintech digitizing credit unions (saccos), more than doubled its client base last year, and its eyeing enormous growth in the coming years after raising a $3 million seed extension, and signing an exclusive digital solutions distribution agreement with the Kenya Union of Savings & Credit Cooperatives (Kuscco), the national umbrella body representing
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