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Uber said on Thursday it has never explored exiting India, a key overseas market for several tech giants, dismissing a claim that it has had held discussions to sell the local unit. Bloomberg reported earlier in the day that the San Francisco-headquartered firm had explored selling the India business, but “suspended discussions after tech startup
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Detroit-based Airspace Link has positioned itself as a provider of increasingly important infrastructure in the burgeoning drone services space, letting operators get local and federal approval quickly. With $23 million in new backing, the company now plans to take its platform to other countries looking to get their drone industries off the ground. The company’s
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If SoftBank investors were already feeling shaken by the conglomerate’s poor performance this year, a news release out of the company tonight isn’t exactly going to assuage their concerns. The big news? French businessman Michel Combes, who was appointed as CEO of SoftBank Group International in January after longtime SoftBank lieutenant Marcelo Claure left the
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Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of
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Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices. But let’s start with some good news: your children can get vaccinated against COVID-19! Back to the bad news: we’re writing another weekly layoffs column, because once again, there’s been
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Notarize, a startup that offers remote online notarization services, has let go of 110 people – or 25% of its workforce. Doing the math, the seven-year-old, Boston-based company had about 440 employees before the staff reduction. When the COVID-19 pandemic first began, demand for Notarize’s services, dubbed RON for short, skyrocketed as people were confined
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Arian Simone sat poised center stage at the Embrace Action Summit to share words that many entrepreneurs in the audience understood far too well. “Women of color are the most founded, entrepreneurial demographic,” she said at the biannual business conference hosted by the Tory Burch Foundation. “They are just the least funded.” Simone is the co-founder
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Shared micromobility giant Lime is piloting electric motorbikes in Long Beach, California. Lime has been teasing a new form factor to cater to use cases outside of scooters and bikes for a while, so it’s no surprise to see the company test out a vehicle that’s sturdy and comfortable like a bike but easy to
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Biotech startup Meta Pharmaceuticals sets itself an ambitious goal as it secures its initial investment. The Shenzhen-based company, which sets out to develop treatments for autoimmune diseases with the help of artificial intelligence, has raised $15 million from its seed and pre-A rounds. There is no lack of investor interest in companies applying machine learning
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