Manish Singh
Spotify is eliminating about 17% jobs, its third round of layoffs this year, as the music streaming looks to become “both productive and efficient.”
In a note to employees Monday, Spotify founder and chief executive Daniel Ek said right-sizing the workforce is crucial for the company to face the “challenges...
Smartphone sales will mount a comeback starting in 2024, defying growing warnings of a prolonged slump across the mobile sector, according to separate projections by Goldman Sachs and Morgan Stanley reviewed by TechCrunch.
Morgan Stanley’s report predicts global smartphone shipments will rebound by nearly 4% in 2024 and by 4.4%...
Byju’s said on Wednesday that recent accusations by India’s crime-fighting agency regarding a breach of the nation’s foreign exchange rule are “solely technical” in nature and the startup anticipates that any resultant penalty would be minimal.
The Bengaluru-headquartered startup, India’s most valuable, said it maintains full compliance with India’s forex...
Prosus has marked down the valuation of Byju’s, India’s most valuable startup, to below $3 billion, the investment giant’s executives said on an earnings call Wednesday even as they asserted that they remain bullish on the opportunities in the South Asian market.
The Bengaluru-headquartered startup, which has raised over $5...
Foxconn plans to invest $1.54 billion in India, the latest in its growing expansion plan, following a surge in revenues in the South Asian market.
Foxconn said in a stock exchange filing that the investment will help it fulfil “operational needs.” The investment comes two months after the Taiwanese firm...
Anil Goel, the CTO of Byju’s, is leaving the edtech giant, he informed some colleagues amid a broader restructuring at the Bengaluru-headquartered startup as it looks to pare down costs and unify many of its businesses. Jiny Thattil is replacing Goel as the CTO, according to an internal communication.
Goel,...
Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago.
The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at...
India is drafting rules to detect and limit the spread of deepfake media, a senior lawmaker said Thursday.
Ashwini Vaishnaw, India’s IT Minister, said the ministry held meetings with all large social media companies and academics earlier in the day and has reached a consensus that a regulation is needed...
Audio series platform Pocket FM has topped $160 million in annual recurring revenue and is inching closer to raising over $80 million in a new funding round, three sources familiar with the matter told TechCrunch.
Lightspeed, an existing investor in Pocket FM, is in advanced stages of talks to lead...
Sam Altman is returning to OpenAI as its chief executive, the high-profile AI startup said Wednesday, capping an intense five days of discussions, debates and convincing following the sudden dismissal of Altman from the startup he co-founded.
OpenAI, which is the most valuable U.S. startup, said it has reached an...
