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Southeast Asia-based fashion marketplace Zilingo has closed an $18 million Series B funding round led by Sequoia Capital India and Burda Principal Investments. Zilingo was founded less than two years ago by ex Sequoia analyst Ankiti Bose (CEO) and former Yahoo engineer Dhruv Kapoor (CTO). The basic vision is to help Southeast Asia’s thriving independent fashion sellers and
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Marketplace banking — the idea that your bank will provide you with access to various third-party money-related apps and services within its own app — has long been championed by fintech startups, whilst upcoming Open Banking/PSD2 legislation in the U.K. and EU, respectively, will make third-party app integration an inevitable reality. That’s seeing a number
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EEVO‘s goal, in the words of co-founder and CEO Alejandro Dinsmore, is “democratizing the creation and delivery of immersive experiences.” In other words, the Brooklyn startup aims to help publishers and other content creators build virtual reality experiences for smartphones without making a big investment. In fact, to use EEVO’s “Composer,” they only need 360-degree
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Facebook doesn’t want you to burn through your mobile data plan just to keep watching its videos. That’s why it’s testing a new feature called Instant Videos that downloads and caches Facebook videos to your phone while you’re on Wi-Fi so you can watch them later on the go for free. Users will see lightning
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Darkstore, the on-demand fulfillment startup, recently partnered with T-Force Final Mile to expand to 33 additional markets across the nation. This brings Darkstore’s total list of markets to 40, which includes San Francisco, Los Angeles, Portland, Miami, Atlanta, Boston, Reno and Austin. T-Force Final Mile is a last-mile delivery company that delivers items for IKEA,
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Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: Looking at the number of exits produced and the total dollar volume those liquidity events commanded, the European startup scene has shown growth over the past year. That fact comes from the Startups M&A 2017 Report
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Autonomous vehicle startup Zoox is in talks with Japanese investment firm SoftBank to raise more funding. We’ve confirmed the news, which was first reported by Axios.  We’re hearing the discussions are in the early stages and nothing has been finalized, but that SoftBank has been interested in Zoox for a while. The startup is also
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Google has filed a legal appeal against a record-breaking fine handed down by the European Commission this summer for anti-competitive behavior relating to the operation of its product search comparison service, currently known as Google Shopping. The news was reported earlier by Reuters and separately confirmed by us. In June the EC judged that Google
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Rackspace today announced its intention to acquire Datapipe, one of its largest competitors in the managed public and private cloud services business. Rackspace expects the acquisition, which is its largest one yet, to close in the next quarter. The two privately held companies did not disclose the financial details of the transaction, but Datapipe has raised
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Well, this is quite a coup. Entrepreneur First (EF), the London-headquartered company builder that invests in individuals “pre-team, pre-idea” to help create new technology startups, has raised $12.4 million in new funding led by Silicon Valley’s Greylock Partners. The investment also sees Greylock partner and co-founder of LinkedIn Reid Hoffman join the board. In a
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Data Artisans, the business arm of open source tool, Apache Flink, announced an early-access release of the commercial version of their platform today that includes a new tool for managing streaming applications. Kostas Tzoumas, CEO at Data Artisans, says managing applications on a real-time streaming product presents some serious challenges for customers, and the new
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Another privacy-related fine for Facebook in Europe: The Spanish data protection regulator has issued a €1.2M (~$1.4M) fine against the social media behemoth for a series of violations regarding its data-harvesting activities. Spain’s AEPD said an investigation into how Facebook collects, stores and uses data for advertising purposes found it is doing so without obtaining
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French fintech startup Bankin is partnering with another fintech startup, Yomoni. Bankin brings all you your bank accounts together in a single, unified interface. It’s a sort of Mint, but for the French market. Bankin also competes with another app that I covered just a couple of days ago, Linxo. Both of them want to
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Dara Khosrowshahi, the recently named CEO of Uber, is leaving the New York Times Company’s board of directors. According to a government filing, Khosrowshahi notified the NYT board on Thursday that he would be resigning from the role because of his new responsibilities at Uber. The former Expedia CEO had been on the board since 2015.
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Tech writers are invited to a lot of demo days, as you might imagine. Sometimes, these presentations are very long, with many startup teams taking the stage to pitch to investors and the media. Sometimes, they’re shorter, featuring a more concentrated group of founders. But always, the pitches are concise. In fact, most incubators or
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Subverting the 140 character limit by chaining tweets together into a cohesive “tweetstorm” takes some know-how, or you’ll screw it up. Luckily Twitter has built but not yet launched a feature for easily composing tweetstorms. Hidden inside the current Android app is a way to write out a tweetstorm and see it broken into distinct
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