1mg gets $16 million Series B to make India’s health industry more transparent
India’s pharmaceutical market is filled with generic options—but they don’t always save consumers money. In fact, some drugs are even more expensive than their branded counterparts. Created to give patients more power over their health costs, startup 1mg announced today that it has raised a $16 million Series B led by Maverick Capital Ventures, with participation from… Read MorePostmates launching 15-minute food delivery service in NYC tomorrow
On-demand delivery startup Postmates is launching Pop, its 15-minutes-or-less food delivery service, in New York City tomorrow at 11am ET. With Pop, which launched in San Francisco back in October, Postmates features a daily curated list of lunch items that you can receive in 15 minutes or less. Pop will be available from 34th street down to the Bowery in New York. Upon launch, there will be… Read MoreTech fatigue
This isn’t a rant post. But if you have worked in tech for long enough, you know this feeling — tech fatigue. At some point, everything new feels old, everything different feels dumb. If you get stuck in this circle of endless cynicism, you need to ask yourself the important questions. Read MoreCVS invests in Curbside to bring mobile orders and store pickup to its retail stores
As brick-and-mortar commerce continues to shift online — whether that’s to competitors like Amazon, through online ordering systems or into instant delivery apps — traditional retailers are looking for new ways to accommodate a customer base that now wants the increased convenience that comes with not having to park their cars, then wander around the store, cart in hand. Case… Read MoreVR porn is coming to hotels on the Las Vegas strip
Sin City is about to get a bit more sinful, as VR content platform VR Bangers and headset maker AuraVisor are teaming up to offer in-room adult experiences (via virtual reality) at hotels on the strip in Las Vegas. What makes this partnership particularly interesting is that users who purchase the in-room AuraVisor will be viewing content that was filmed in a hotel room that looks similar to… Read MoreRinse raises $6 million to expand its laundry pick-up and delivery service
Rinse Inc. has raised a $6 million Series A round of venture funding to pick up and clean anything in its customers’ closets. According to Chief Executive Ajay Prakash, who cofounded Rinse in 2013 with Chief Operating Officer James Joun, “We never wanted to b Uber for laundry, and don’t consider ourselves an on-demand business.” The startup provides garment care services… Read MoretheSkimm expands beyond newsletters with Skimm Ahead, a subscription calendar service
Since launching in 2012, theSkimm has built up a big audience for its email newsletter — founders Danielle Weisberg and Carly Zakin told me they have more than 3.5 million active subscriptions, with a daily open rate of 40 percent. Today the New York City startup is launching its first iPhone app, accompanied by its first major service beyond the newsletter, Skimm Ahead. For a… Read More
Tyba, the Madrid-based graduate recruitment startup, acquired by Graduateland
Tyba, the Spanish startup that has created a “junior recruitment market” aimed at allowing companies like tech startups to more efficiently hire university and college graduates, has seen an exit of sorts. Read MoreBetaout raises $1.5M to help e-commerce companies manage marketing campaigns
Betaout, a marketing automation platform for e-commerce companies, plans to expand in India, Southeast Asia, and the United States after closing $1.5 million in pre-Series A funding. Read MoreStuart, the delivery startup backed by Le Groupe La Poste, launches last-mile logistics service
After what I’m told has been a successful 6 month trial in Paris — racking up “hundreds of thousands of deliveries” — Stuart, the on-demand delivery app and platform, is seeing its official launch today. In addition to the French capital city, the service has had a shorter private test in London and is also opening its doors in Barcleona. Read MoreThe Shade Room is in Facebook jail, missing its 4 million followers there
Facebook 86’ed The Shade Room from its platform today for unknown reasons. The celebrity gossip and news publisher attracted about 4.2 million followers on Facebook. We reached out to The Shade Room and to Facebook to learn why its page disappeared. Facebook did not yet reply to our inquiry, but we’ll update this story as it develops. Angie Nwandu, The Shade Room founder, and… Read More- CRUNCH NETWORK
As VCs enroll the startup class of 2016, it’s RIP for ‘me too’ companies
Many of the world’s legendary tech companies got started just as the public markets were cooling off; Microsoft, Apple, HP, IBM, Oracle, FedEx, etc. The most recent case in point is the startup class of 2008-2009: Dropbox, Airbnb, Pinterest, Uber and Tiny Speck (Slack) all got their early funding in those dismal years. And, while not everyone agrees that there is a massive downturn in… Read More - CRUNCH NETWORK
3 reasons New York City is the best place to start a tech company
In terms of venture capital dollars, it’s still hard to beat Silicon Valley. The latest figures have Bay Area companies gobbling up about 15 percent of the world’s venture capital. Factor in San Jose and Los Angeles and that share climbs to nearly one-third of the all the money raised by private companies in 2015. By contrast, New York City companies raised just 5 percent… Read More Amazon has built a subscription launchpad with Amazon Prime
It looks like incremental news, but the fact that Amazon now lets you subscribe to Amazon Prime Video separately from the rest of Amazon Prime signals a bigger shift. Amazon wants to turn the company into a subscription business, one subscription at a time. Read MoreAdtile raises $2M to rethink mobile ads
Mobile ad startup Adtile is announcing that it has raised an additional $2 million in funding. That’s an extension of the $4.5 million Series A that Adtile raised back in 2014, and it comes from undisclosed investors. The San Diego-based startup focuses on a format it calls Motion Ads, allowing marketers to take advantage of smartphone capabilities like the GPS and accelerometer to… Read More- CRUNCH NETWORK
The 3 factors behind Uber and Lyft’s regulatory win in California
It’s a common gripe: Outdated regulations obstruct innovation; government regulators move too slowly or, worse, try to block technological progress. But when conditions are right, regulations can sometimes change quickly, often in a way that promotes innovation. That’s what happened in the case of ridesharing in California. Read More - CRUNCH NETWORK
The new-world insurance agent
Silicon Valley is building the new-world insurance agent. My grandfather started selling insurance in the 1950s and insurance eventually granted him the American dream. Today, the industry accounts for 7 percent of U.S. GDP, with more than $1.1 trillion of net premiums paid annually. The aged way of conducting business is pushing the Valley to disrupt all layers of the value chain. Read More - CRUNCH NETWORK
How Silicon Valley can put local businesses back on the map
I come from a small-business family. My mom has owned three small businesses; most recently, a medical clinic in the South Bay. But it was in her first business, a Chinese restaurant outside Chicago, where I saw firsthand the challenges facing small-business owners. Unfortunately, for most of its life, Silicon Valley has failed to address this critical segment of the economy. Read More
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