Ola, the largest rival to Uber in India, has announced that it has raised a $400 million Series E round to fuel further expansion in India. The company, which was found to have raised $310 million last week according to filings, is aiming to grow its network to 200 cities in India before the end of the year. It currently serves over 100 cities, but it covered just 10 locations a year ago. (For comparison, Uber is in 11 cities in India, at this point.) Ola’s Series E round was led by DST Global, and it included participation from new investors GIC, Falcon Edge Capital, and existing backers SoftBank, Tiger Global, Steadview Capital and Accel. It values the company at $2.5 billion, and takes Ola well beyond $600 million from investors to date. Anand Subramanian, director of marketing communication at Ola, told TechCrunch in an interview that the company plans to reach smaller towns in India where it believes its services can have a significant impact. … [Read more...] about Ola, Uber’s Big Rival In India, Raises $400M To Grow To 200 Cities This Year
10 year old boy attitude
Before the launch of the 2019 iPhones, not much was expected from the lineup. More and more rumours were pouring in about the 2020 iPhones — even before the 2019 iPhones got a launch date — that made everyone one bet more on the next year’s lineup. But all that changed after the Cupertino-based tech giant unveiled the three new iPhones — iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max. Analysts have already revised their forecast of the expected number of iPhone units the company is going to ship this year and now a report by Nikkei Asian Review suggests that Apple has asked the suppliers to increase their production of the entire iPhone 11 range by up to 10% which is 8 million units. This figure of 8 million units “is equivalent to total annual phone shipments this year by Google,” it said. This increase in iPhone orders is reportedly courtesy the most-affordable iPhone of the year — iPhone 11 model. The report also suggests the same for the … [Read more...] about These two may be the most in-demand iPhones of the year
Dream Games, a Turkish mobile gaming company founded by former Peak Games employees who worked together on hit puzzle games Toy Blast and Toon Blast, has raised $7.5 million in seed funding. Leading the round is Makers Fund, with co-investment from London’s Balderton Capital. The funding will be used to increase headcount within the Dream Games team, targeting 20 employees in year one. The company — which is yet to launch a product — is co-founded by CEO Soner Aydemir, the former Product Director at Peak Games. The rest of the Dream Games team are Ikbal Namli and Hakan Saglam (former Peak Games engineering leads), Eren Sengul (former Peak Games product manger), and Serdar Yilmaz (former Peak Games 3D artist). “Most of the [mobile games] companies believe that the market is saturated, but we believe there are still huge opportunities in the casual puzzle market,” Aydemir tells TechCrunch. “There are too many mediocre mobile games, but players deserve … [Read more...] about Dream Games raises $7.5M seed to develop ‘high-quality’ puzzle games
PepperTap, a nine-month-old grocery delivery service in India, has closed its third round of investment this year after announcing a $36 million raise. The funding is led by Snapdeal, the India-based Amazon rival that is backed by Alibaba, with participation from existing investors Sequoia India and SAIF Partners, as well as new backers Ru-net, JAFCO, and BeeNext. And as if that isn’t enough, PepperTap, which landed $1.2 million in March and then $10 million more in April, is in discussions to expand this round by an additional $20 million. PepperTap CEO and co-founder Navneet Singh told TechCrunch in an interview that the company didn’t deliberately break this round into two, but it received strong interest from new investors while it was in the final stages of wrapping up the $36 million Series B round. Singh added that the additional interest comes from VCs based outside of India. Scaling To 75 Cities In India Like Instacart and … [Read more...] about PepperTap Lands $36M To Expand Its Grocery Delivery Service To 75 Cities In India
There's an interesting theory making the rounds among some Silicon Valley insiders today. Twitter is looking for a new CEO. Perhaps it made an offer to Sundar Pichai, who's been leading Google's core businesses since last October. To keep Pichai, Google decided to pull the trigger on an organizational change it's been considering for some time, giving Pichai the CEO title while keeping the same set of duties. Pichai might not have been tempted -- Twitter is a flaming mess right now, while being the No. 2 man at a far more powerful company like Google was a pretty good situation to be in. But being CEO is even better! We reached out to a person close to Twitter to see whether this might have made sense. This person couldn't confirm that the board had made an offer, but did tell us: I've been hearing that too and I wouldn't be shocked if they want him as CEO. They tried to hire him once about 3 years ago and got very close. Google countered with a huge package to keep him there. … [Read more...] about Is this the real reason for Sundar Pichai’s elevation to Google CEO?