Pony.ai, Baidu win approval to unveil paid driverless robotaxi service

Baidu Inc, Chinese tech group, and Pony.ai, the self-driving startup, have reportedly received approval to launch driverless robotaxi services in Beijing. Reportedly, the firms will deploy over 100 vehicles in the country. Baidu, in a stat....

Tesla plans to invest USD 188 million to upgrade its China factory

Tesla will hire an extra 4,000 production workers as a part of its revamp plan. The newly updated technology will be compatible with the factory's existing models such as the Model 3 sedan and Model Y SUV. Tesla Inc. is reportedly....

Dream11 parent secures USD 840 Mn funding at USD 8 Bn valuation

Fantasy sports tech firm Dream11 has reportedly raised USD 840 million in its latest funding round, taking the company’s total valuation to USD 8 billion. The round was led by DST Global, D1 Capital, Falcon Edge, Tiger Global, and Red....

Dent Reality secures USD 3.4 Mn to revolutionize grocery shopping

London-based startup Dent Reality has reportedly raised USD 3.4 million in the latest seed funding round led by Pi Labs. The funding round has also seen participation from Sugar Capitals and 7Percent Ventures. The fresh funds will be used ....

U.S. home sales improve to 9-month-high as housing shortage continues

According to a report from the National Association of Realtors, U.S. home sales have soared to their highest level in nine months despite a tight housing supply that has sidelined first-time buyers. There has also been a steep rise in inve....

D2C coffee brand Sleepy Owl secures USD 6.5 Mn in Series A funding

A direct-to-consumer coffee brand, Sleepy Owl has reportedly raised USD 6.5 million in the latest Series A funding round led by existing investor Rukam Capital along with DSG Consumer Partners. According to a statement, the fresh funding w....

Flipkart enters online healthcare space with SastaSundar acquisition

Indian e-commerce platform Flipkart is reportedly acquiring e-pharmacy startup SastaSundar to dive into the country’s rapidly expanding healthcare space. As per sources, Flipkart has signed definitive agreements to buy a majority sta....

Instagram introduces ‘Rage Shake’ feature to report app problems

Instagram has reportedly introduced a ‘Rage Shake’ feature that allows users to shake their phones to report an issue with the app. The feature is currently available only in the United States for both Android and iOS users. Ad....

Grammarly secures USD 200 million for product innovation using AI

AI-based editing tool, Grammarly has reportedly raised USD 200 million from the latest funding round and reached a valuation of USD 13 billion. The event was led by Baillie Gifford, and funds & accounts were handled by BlackRock Inc., a....

British electric truck startup Tevva secures USD 57 million in funding

Tevva, a U.K.-based electric truck startup, has announced to have secured USD 57 million during a funding round. The startup has raised a sum of USD 90 million in funding to date. The fresh funds will be used to boost production at its new....