Startups

India’s Arzooo, once valued at $310M, sells in distressed deal

Startups /

Arzooo, an Indian startup founded by former Flipkart executives that sought to bring “best of e-commerce” to physical stores, has sold its assets in distressed sale to Moksha Group. The deal follows Arzooo engaging with several startups, including Bengaluru-headquartered Udaan, for potential merger opportunities, according to people familiar with the matter. Arzooo had raised approximately […]

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Federal prosecutors have charged another Forbes 30 Under 30 alum with fraud

Startups /

The FBI unsealed an indictment yesterday that alleges Joanna Smith-Griffin, founder of the AI startup AllHere Education, engaged in “securities fraud, wire fraud, and aggravated identity theft in connection with defrauding investors” out of nearly $10 million. The FBI claims she misrepresented her company’s revenue, customer base, and cash to investors from at least November

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Raven Space Systems opens up a whole new category of industrial 3D printing

Startups /

Manufacturing has been one of the hottest categories in venture this year, but there are still many innovative materials and processes yet to scale. One example is thermoset composites, materials widely used in aerospace and defense due to their high heat resistance and light weight, but which typically have long lead times and high prices

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YC-backed Formal brings a clever security reverse-proxy out of stealth

Startups /

Formal is a security startup coming out of stealth on Tuesday with a nice list of investors and an interesting product positioning. The company has designed a reverse-proxy for data stores and APIs so that security teams can more easily secure access to sensitive data. In more practical terms, Formal is a proxy that you

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Agentio raises $12 million from Benchmark for its YouTube ad marketplace

Startups /

Creator marketplace startup Agentio, which has built an automated platform for YouTubers to sell their ad slots to brands, has raised $12 million in Series A funding led by Benchmark with participation from returning investors Craft Ventures and AlleyCorp. With the new funding, the startup aims to scale its marketplace for YouTubers and bolster its

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Workbrew makes open-source package manager Homebrew enterprise-friendly

Startups /

A trio of former GitHub executives and engineers have founded a new startup that brings the benefits of one of the most popular open-source package managers to the enterprise. Workbrew, as the startup is called, emerges from stealth today with the mission of mitigating the risks of”shadow IT” practices, giving company admins and security teams

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From Lauri Moore to Vic Singh, venture capitalists continue to play musical chairs

Startups /

From Keith Rabois to Ethan Kurzweil, a lot of VCs have switched firms or spun out of storied VC institutions to launch their own funds this year. These employment changes are surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general

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Ex-Duolingo execs raise $13M for a startup that’s making it easier to access a college education

Startups /

As college tuition increases and the student loan debt crisis continues, three former executives from language learning app Duolingo are building a new startup aimed at making college education more affordable and accessible. The company, tentatively named Outsmart Education (the name is not final yet), is headed by co-founders Daniel Falabella (CPO), former senior director

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