Author: TechBrunch

Intudo, Indonesia's only venture capital firm, announced that it has raised $125 million across two investment funds. That includes $75 million in Intudo Ventures IV and $50 million in a separate fund that invests in downstream natural resources and renewable energy. Intudo said Fund IV will invest in Indonesian startups that take advantage of Indonesia's location, digital advancements and growing middle class population, namely the country's startups in sectors such as consumer products, aquaculture, horticulture, commercial distribution, regulation and regulation. He said he would invest in companies that leverage their strengths. and deep tech startups. Another fund will be the…

While India's urban population is shifting away from mom-and-pop stores to quick commerce platforms, rural India, home to more than 800 million people, remains heavily dependent on offline businesses for daily consumption. Wheelocity aims to transform this untapped market and make it easier for people living outside the top 200 cities in the country to shop online. Founded in September 2021, the Chennai-headquartered startup pivoted from its previous B2B supply chain business for quick commerce platforms to building a platform that solves e-commerce access for people living in semi-urban areas. Moved. and a rural area commonly referred to as 'Bharat'.…

Apple will soon let you share the location of lost or misplaced items, such as an iPhone, MacBook, or anything with an attached AirTag, with people other than your contacts via the Find My app using a link. is. The company is currently testing the feature in the iOS 18.2 public beta after introducing it in the 18.2 developer beta earlier this month. Apple says the feature is intended to make it easier to find lost items by sharing your location with third parties, such as taxi drivers and airline employees. In the coming months, nearly 20 airlines will begin…

Amazon has admitted that employee data was compromised after a “security event” at a third-party vendor. In a statement provided to TechCrunch on Monday, Amazon spokesperson Adam Montgomery confirmed that employee information was involved in the data breach. “Amazon and AWS systems remain secure and there have been no security events. We are one of our property management vendors and have been notified of a security event that impacted multiple customers, including Amazon. The only Amazon information involved was the employee's work contact information (e.g., work email address, desk phone number, building location, etc.), Montgomery said. Amazon did not say…

Founders who were early in the race to develop self-driving cars have raised $15 million to: It's a startup that claims AI can create enterprise software on its own. Cogna (as the UK-based startup is called) is led by Ben Peters, technology co-founder of FiveAI (a self-driving startup acquired by Bosch in 2022). Notion Capital is leading the Series A, with participation from Hoxton Ventures and Chalfen Ventures. This follows Cogna, which was founded in May 2023 and raised a $4.75 million seed round earlier this year from a number of investors, including Peters' FiveAI co-founder Stan Boland and Acorn…

Swiggy's IPO scheduled for Wednesday will finally give many analysts a public exposure to a stock that rivals Zomato, which has long been considered India's internet stock. It will also test the public's appetite for IPOs worth more than $1 billion. For its IPO, Swiggy has already secured $1.4 billion from institutional investors including Norway's sovereign wealth fund, BlackRock and eight of India's top 10 mutual funds. Still, the company is entering a public market where big tech stocks have historically struggled — three years after its $2.5 billion initial public offering, Paytm still trades 47% below its IPO price.…

Managing payroll is difficult in any country, but especially so in Brazil. Constantly changing laws and highly influential trade unions make it much more difficult to get payroll right. Fernando Gadotti struggled with this problem as co-founder and CEO of DogHero, Latin America's version of Rover. After selling the company in 2020, Gadotti decided this was where he wanted to focus next when he retired in 2022. “Every time a payroll came in, it was a pain that took hours and hours of double-checking the data, but it didn't give us the insight we needed,” Gadotti told TechCrunch. “[We were]…

Social network However, the platform appears to be preparing to open up chatbots to free users. Over the weekend, several app researchers and users posted about a free version of Grok being made available to people in certain regions. TechCrunch has been able to confirm that X is testing access to Grok, at least for free users in New Zealand. Image credit: Screenshot by Techcrunch According to researchers working with Swak on . per day. To use Grok for free, your account must be created for at least 7 days and have a linked phone number. xAI launched Grok-2 in…

Friends of the United States: Senators have only a few weeks left to pass the Press Act. The bill is a federal “shield” bill that the House of Representatives passed with a bipartisan unanimous vote in January, but has been awaiting a final vote in the Senate ever since. If passed, the Press Act would provide nationwide protection for journalists across the country from having to forcefully identify or surrender confidential sources (except in emergencies such as preventing acts of terrorism). That will happen. The bill also allows for other protections, such as limiting the records the government can secretly…

Reuters reports that the U.S. Department of Commerce has ordered Taiwan Semiconductor Manufacturing Company to stop shipping advanced chips to Chinese customers after chips made by the company were discovered in Huawei processors. I ordered him to do it. Huawei faces significant trade restrictions from the United States, so the suspension should allow the government to determine whether other companies are diverting chips to Huawei. TSMC has reportedly notified affected customers that shipments will be suspended starting Monday. The advanced chips being targeted are often used in artificial intelligence applications, an area where the U.S. already restricts chip exports from…