Startups

India’s Oyo, once valued at $10B, finalizes new funding at $2.5B valuation

Startups /

Oyo, the Indian budget-hotel chain startup, is finalizing a fresh fundraise of about $100 million to $125 million that slashes its valuation to $2.5 billion, two people familiar with the matter told TechCrunch.  That’s a steep decline in the Gurgaon-headquartered startup’s value, which was worth $10 billion in 2019. The startup, struggling to raise from […]

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Black founders are creating tailored ChatGPTs for a more personalized experience

Startups /

At first, John Pasmore was excited about ChatGPT.  The serial founder had been in the artificial intelligence space since at least 2008. He recalled the days when experts declared it would take decades before the world saw anything like a ChatGPT. Fast-forward — that day has now come.  But there is a catch.  ChatGPT, one of

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GPTZero’s founders, still in their 20s, have a profitable AI detection startup, millions in the bank and a new $10M Series A

Startups /

Among all the young AI startups being ruthlessly pursued by VCs these days, GPTZero has already grown into profitability in its first year and a half of life, generating millions in revenue. Founded by 24-year-old Edward Tian and 26-year-old Alex Cui, who’ve been friends since high school, GPTZero offers a detection tool that helps identify

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Court halts Byju’s second rights issue as $200M fundraise falters

Startups /

Byju’s is having a hard time raising the full $200 million from its rights issues that its founder had previously claimed was oversubscribed, sources familiar with the matter told TechCrunch. And now India’s National Company Law Tribunal has restrained the company from proceeding with its second rights issue amid allegations of oppression and mismanagement by

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AccountsIQ takes in $65M to boost its bookkeeping tools with AI

Startups /

The European economy is on shaky ground, but there is a silver lining for enterprise startups: Those building tools to help businesses run their finances in more steady and predictable ways are seeing a boost.  In the latest development, AccountsIQ, a Dublin-founded accounting technology company, has raised €60 million (about $65 million) to build “the

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Fintech Brex abandons co-CEO model, talks IPO, cash burn and plans for a secondary sale

Startups /

Since fintech startup Brex’s inception in 2017, its two co-founders Henrique Dubugras and Pedro Franceschi have run the company as co-CEOs. But starting today, the pair told TechCrunch in an exclusive interview, the San Francisco-based corporate credit card and expense management company is shifting to a more traditional — and what they say should be

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Insight Partners backs Canary Technologies’ mission to elevate hotel guest experiences

Startups /

The hospitality industry is back, baby. And with it comes a chance for technology startups to not only help hotels streamline their operations, but also focus on how they can improve the guest experience. “The predominant traveler today was born in an age where they are very comfortable with technology,” Harman Singh Narula, Canary Technologies

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