Sequoia Capital India on Monday announced it has secured $1.35 billion from LPs for two new funds as the storied venture firm looks to ramp up its investments in the world’s second-largest internet market and Southeast Asia. The two new funds -- a $525 million venture fund and a $825 million growth fund -- will help the VC firm, which operates in India and Southeast Asia through one arm, more comprehensively serve the startup ecosystem in the region, said Shailendra Singh, a managing director at Sequoia Capital India.
Peripheral manufacturer 8BitDo is best known for making retro-inspired controllers, but for its latest act the company is doing something different. Instead of yet another Switch-focused controller, 8BitDo is releasing a new Bluetooth gamepad designed for use with Microsoft's Project xCloud game streaming service. The $45 SN30 Pro for Xbox adapts the same underlying design as the company's SN30 Pro+, symmetrical analog sticks and all, but won’t be out of place in your Xbox controller collection.
Facebook and Twitter have confirmed they have suspended processing demands for user data from Hong Kong authorities following the introduction of a new Beijing-imposed national security law. A spokesperson for Facebook told TechCrunch it will "pause" the processing of data demands until it can better understand the new national security law, "including formal human rights due diligence and consultations with human rights experts." The spokesperson added: "We believe freedom of expression is a fundamental human right and support the right of people to express themselves without fear for their safety or other repercussions."
At Early Stage, the first event of its kind from TechCrunch, entrepreneurs will have the opportunity to learn from some of the greatest minds in the tech world across categories like fundraising, scaling, operations and marketing. One such entrepreneur is Mariam Naficy, founder and CEO of Minted. Naficy is an early trailblazer of the e-commerce and crowdsourcing spaces, and a serial entrepreneur to boot.
China just recently imposed a new national security law on Hong Kong, a region not subject to the country’s restrictive “Great Firewall” that censors the internet throughout the country. According to the Wall Street Journal, Facebook’s WhatsApp will pause any processing of requests for user data from Hong Kong police while it reviews the new regulation. WhatsApp was the first Facebook company to confirm it wouldn’t process these government requests, but now it sounds like all of Facebook will hold off on reviewing data requests.
Thirty minutes of leaked gameplay footage from 'Assassin’s Creed Valhalla' is circulating around the internet, despite Ubisoft’s attempts to remove the videos.
Tom Hanks, who wrote and stars in the upcoming film Greyhound, said it’s “an absolute heartbreak” that the film won’t debut in theaters.
This is Equity Monday, our week-starting primer in which we go over the latest news, dig into the week ahead, talk about some neat funding rounds and dive into the latest big news from the startup world. Most dealt with a possible Uber -Postmates tie up, so we wrote the show to talk about the transaction's unconfirmed nature. Uber will buy Postmates for $2.65 billion in an all-stock transaction.
Competition continues to heat up in the food delivery wars. In the latest development, Uber today announced that it has acquired Postmates in a $2.65 billion, all-stock deal. It plans to run the business alongside its own food delivery business, Uber Eats, keeping the Postmates app running while merging some of the tech and delivery operations at the back end -- for example, by having drivers delivering orders for both businesses.
Indonesia is not only Southeast Asia’s most populated country, but also one of the world’s fastest-growing economies. Payfazz is one of several tech startups focused on solving that problem by finding innovative ways to give more Indonesians access to financial services. The company announced today that it has raised a $53 million Series B led by B Capital and Insignia Ventures Partners.
Engadget's daily tech news bulletin. We kick the week off with reports that Uber is buying Postmates, a better Chrome and the future of 5G. Oh, and Iron Man VR isn't the killer PSVR game you were hoping for.
With powerful noise cancellation and excellent sound quality, Sony’s WF-1000XM3 wireless Bluetooth earbuds are still among the best you can get. They were already a good deal at the $230 retail price, but a new sale makes them more irresistible: Dell is offering them in silver for $170, the best price we’ve seen so far.
With the COVID-19 crisis continuing unabated in India, more folks than ever are relying on their smartphone. At the same time, the pandemic means it’s not easy to get help if you have a technical problem. With all that in mind, Samsung has introduced Customer Care for WhatsApp, an ultra-popular service in India.
Uber has acquired online food delivery service Postmates for $2.65 billion in stock. The deal is expected to help Uber better compete against food delivery giant DoorDash and will be a consolation prize after it failed to acquire GrubHub earlier this year.