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PharmEasy investor cuts value of its stake drastically, implying new valuation of $456M

2024-12-26 14:49:20

Indian online pharmacy PharmEasy is now being valued at about $456 million after its investor Janus Henderson said in a filing that it valued its stake of 12.9 million shares in the startup at $766,043. The asset manager’s Global Research Fund had originally spent $9.4 million to acquire these shares. This valuation is 92% less […]

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Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions

2024-12-26 04:17:00

Updated December 25, 12:21 p.m. Pacific: Added details of xAI’s valuation and Kingdom Holdings’ contribution. xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, […]

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$132K – $149K, here’s what seed-stage founders pay early employees, based on data

2024-12-26 01:27:39

Once a startup has raised its seed round, the perennial question becomes how much should the founders pay themselves and their first few employees? Kruze Consulting, a CPA firm that specializes in venture-backed startups, recently analyzed average salary ranges for over 450 seed-stage startups and shared that data with TechCrunch. The following averages are based […]

© 2024 TechCrunch. All rights reserved. For personal use only.

A comprehensive list of 2024 tech layoffs

2024-12-25 04:30:00

A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.

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Onyx Motorbikes is back, one year after its owner died leaving the company in shambles

2024-12-25 03:12:31

A year after Onyx Motorbikes owner James Khatiblou died suddenly, leaving customers with unfulfilled orders and millions in unpaid debts, the brand has been revived by its original founder. “I’m excited to announce I have resurrected my original brand Onyx with incredible backers!” founder Tim Seward wrote in a LinkedIn post on Monday. “Onyx is […]

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Revenue-based financing startups continue to raise capital in MENA, where the model just works

2024-12-25 00:13:42

In an era where it has become tougher to raise venture capital, many companies have turned to non-dilutive, revenue-based financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. […]

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