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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 […]

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

Bluesky is testing a trending topics feature

2024-12-26 14:21:59

Social network Bluesky said on Christmas that it is testing a trending topics view. The trending topics are visible both on the desktop and mobile apps of the social network for users across the world. On the desktop, you can see trending topics on the right sidebar, and on the mobile apps, you can tap […]

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

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, […]

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

$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.

GV, the VC team backed by Google, has a broad remit, but it can’t do one thing

2024-12-26 01:22:27

David Krane is in an enviable position. As the CEO of GV, the venture firm that is funded entirely by Google to the tune of $1 billion a year, his team of roughly 100 gets to make a lot of bets — with just a couple of notable restrictions. During a TechCrunch StrictlyVC event in […]

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

AMD’s CES 2025 press conference: How to watch

2024-12-26 00:00:00

AMD has its work cut out for it at CES 2025. Competitor Nvidia has been sucking the oxygen out of every room it graces, as the chipmaker remains at the forefront of the AI boom. So, how will AMD compete with Nvidia’s reported RTX 5000 announcement? The company should show of its own next-gen GPU. […]

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