Table Space eyes $2.5B valuation in India IPO
Table Space, an Indian managed workspace provider, is targeting a valuation of $2.5 billion or more for an IPO planned for next year, sources familiar with the matter told TechCrunch. The Bengaluru-headquartered startup has hired Axis Securities as a bookrunner…
UK neobank Monzo hits $5.9B valuation with secondary market sale
Monzo is now valued at $5.9 billion after the U.K.-based challenger bank confirmed a secondary market share sale to provide liquidity for its employees. The transaction, first rumored yesterday, saw existing investors such as Singapore’s sovereign wealth fund (GIC) and…
Uber to launch OpenAI-powered AI assistant to answer driver EV questions
Uber is continuing its push to bring more electric vehicles onto the ride-hail and delivery platform, and it thinks giving drivers a chatbot to answer all their EV questions will help. Starting early 2025, Uber will launch an AI assistant for…
The ‘Mozart of Math’ isn’t worried about AI replacing math nerds — ever
Terence Tao, a UCLA professor considered to be the “world’s greatest living mathematician,” last month compared ChapGPT’s o1 reasoning model to a “mediocre, but not completely incompetent” graduate student that could correctly answer a complex analysis problem with “a lot…
Motier Ventures unveils La Maison, a community space for the French tech ecosystem
On Tuesday evening local time, Motier Ventures, an early stage tech investment firm based in Paris, unveiled a startup hub called La Maison. This relatively new investor in the French tech ecosystem is the family office of the Houzé family…
X faces additional $1.9M fine to end ban in Brazil
X (formerly Twitter) could soon resume service in Brazil — if it’s willing to pay an additional fine. Reuters and other publications have reported on an order from the country’s Supreme Court Judge Alexandre de Moraes stating that the Elon…
Peak XV has reaped $1.2B in the year since it split from Sequoia
Peak XV Partners, the largest India-focused venture fund, has realized about $1.2 billion in exits since its separation with Sequoia last year, two sources familiar with the matter told TechCrunch. The investor has sold stakes in nearly a dozen portfolio…
Jump raises $12M to help freelancers get benefits just like employees
French startup Jump, a modern take on the concept of umbrella companies in France, has raised €11 million (around $12 million at current exchange rates) in a Series A funding round. Jump offers full-time contracts to freelancers looking for some…
India’s Physics Wallah raises $210M at $2.8B valuation even as edtech funding remains scarce
Physics Wallah, an Indian edtech startup, has secured $210 million in fresh financing amid a tough funding environment for edtech companies in the country following the collapse of Byju’s, once the biggest company in the space. Physics Wallah said on…
How Google and Yahoo’s shift to stricter email standards proved a windfall for this Armenian startup
EasyDMARC, a B2B SaaS startup out of Armenia that aims to simplify email security and authentication, said it has raised $20 million in a Series A round led by New York-based Radian Capital. DMARC is a technical standard that is designed…