Indian edtech giant Byju postpones $ 1 billion acquisition acquisition, lays off hundreds of workers – TechCrunch

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Congratulations on this hump day. We have one element of the household for you: We need your voice what roundtable sessions would you like to see in Disrupt. And if you haven’t had a chance to read Beccais part of what terms of a venture capital transaction look like in this environment, she and Natasha smash the story into today’s Equity podcast. – Christina

Top 3 on TechCrunch

  • The hits keep coming: Byju’s capital woes spill over into his ability to make payments to acquire $ 1 billion to the physical training center provider Aakash, Manisha reports. This followed some cuts that the company made to the online training platforms Toppr and WhiteHat Jr.
  • What gives these cuts?: And if you’re wondering where all these cuts come from in 2022, Alex writes that it has little to do with the economic correction we saw in early 2020, but was instead affected by the rotten public market.
  • Further extra, read all about it!: If you were interested in Snapchat +, this is new a paid subscription plan he was testingdon’t wait any longer. Ivan writes that Snapchat + is here and costs $ 3.99 a month for all the new features you can handle.

Startup and VC

Remember the name Memomi the next time you shop for glasses at Walmart or Sam’s Club. The trading giant acquires Memomiwhich uses augmented reality technology so you can virtually try on glasses, Sarah reports. Although Walmart is not interested in future plans for other applications, it seems that this is just the beginning of what the company may see in the virtual testing space.

However, crazy weather is good to read risk studies that accelerate their growth instead of slowing down. Here, Ani the Adanian Labs spotlight, which she writes plans to grow 300 African companies over the next five years.

Here’s what we saw today:

  • You will want to remember her name: Have you met Pilar Johnson from Debut Capital? If not, you will enjoy Dominic-MadoriThe profile of Johnson, an investor who, she writes, is “one to watch.”
  • Yes, more cuts: Like Carly writes, cybersecurity has been “expensive on VC” and although breakthroughs are still a big problem, the industry is not immune to what is happening in the technology sector. Redundancy reports are also hot Modsy and Niantic.
  • Doctors have their own wing: Regard, a Los Angeles startup you may remember as HealthTensor, has raised $ 15.3 million in Serie A funding to give doctors a “medical co-pilot” they can turn to for recognition. of about 50 different general medical conditions, Catherine reported.
  • Let’s all get along: Frederick writes for Helios, an Israeli startup backed by $ 5 million in new funding. This helps developers understand how their code interacts with other applications using open source monitoring tools.
  • The data must be analyzed in some way: And Zing Data hopes to be this method. Ron wrote for the company a $ 2.4 million initial round that puts all this data analysis on your mobile device.
  • “The tax code is a deviation”: We are not sure that more accurate words have been said. A company named April, which raised $ 30 million, is trying to personalize and automatically fill out tax returns, so that’s not the case, yes, Kyle reports.
  • Move, Amazon: Please enjoy my story on Nautical Commerce, which raised $ 30 million in Serie A funding to democratize the way companies of all sizes can create a market.
  • Animation: LABELS reports on the $ 6 million round of Kukua, which will be based on its offer of “educational entertainment” for children.
  • Another new fund: Ingrid spins a delightful yarn to raise Entrepreneur First of $ 158 million, which will turn into an evergreen fund to support entrepreneurs.

5 ways to take advantage of the opportunities created by the recent chaos in advertising technology

Five pieces on the blackboard

Image credits: Jeffrey Coolidge / Getty Images

This year, TikTok’s high ad sales are expected to triple to more than $ 11 billion, surpassing the combined revenue of Twitter and Snapchat.

According to Alex Song, CEO and co-founder of data science company Proxima, this turmoil in media technology stocks creates benefits for start-ups at an early stage, “because forced innovation creates a more competitive environment.”

In a guest post on TC +, he shared five strategies “to profit from the turbulent advertising environment.”

(TechCrunch + is our membership program that helps founders and startups move forward. You can register here.)

Big Tech Inc.

Let’s start with car news, right? Jacqueline writes for Hyundai reveals its IONIQ 6 EV sedan. It looks pretty sharp – I may have to add this to my “next car wish list”.

Now to Tesla, where the company is fired about 200 workers on Autopilot and closed its office in San Mateo, California, Rebecca reported. And in case you’re wondering, Elon Musk hasn’t tweeted yet.

Chat and Meet are now the new default standard for the redesigned Gmail interface Ivan write. You will no longer have to activate them manually. Don’t worry, there is a return option if you prefer the classic look. But why would he?

Delta and Misapplied Sciences are working on some of the technologies in Detroit that they will have display with information about the flight at the airport start providing personalized port and destination information Frederick write. If you are a Delta customer who goes there, you should try it and report it.

Snapchat may no longer allow anonymous social apps – and with good reason – but Sarah reports new applications such as Sendit and NGL finding a home on Instagram. I guess they’re Meta’s problem now.

Some additional news for you:

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