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Category Archives: Tech
Indian grocery startup Citymall raises $47M to challenge ultra-fast delivery giants
Indian e-commerce startup Citymall, which focuses on budget-focused grocery delivery for tier 2 and tier 3 towns, said today that it has raised $47 million in Series D funding led by Accel, with participation from existing investors including Waterbridge Ventures, … Continue reading
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U.S. and Indian VCs just formed a $1B+ alliance to fund India’s deep tech startups
Eight U.S. and Indian VC and PE giants are teaming up to fuel India’s deep tech boom.
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India’s Offgrid raises $15M to make lithium optional for battery storage
India’s Offgrid Energy Labs has developed proprietary zinc battery tech as a safer, more cost-effective alternative to lithium for energy storage.
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LayerX uses AI to cut enterprise back-office workload, scores $100M in Series B
This Japanese AI startup just raised $100M to cut businesses’ admin burden.
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Intralot stagnates in new revenue report as it focuses on Bally’s acquistion
It’s not a bad or good first half of the year for Intralot, a gambling technology company based in Greece. The company, which as of 2023 has 1700 employees, posted a stagnant revenue report, which only grew by 1.7% year-on-year. … Continue reading
MGA hits out against suspended PG Soft platform still claiming to be licensed
The Maltese Gaming Authority (MGA) has once again had to step forward to point out that it has no association with a gambling platform. The post contains two links that lead to the Pocket Games Soft platform, which hosts the … Continue reading
Star Entertainment FY25 report is in, with revenue down almost 30%
The Star Entertainment Group’s latest report is in, with revenue down by 29% in FY25 compared to the year prior. This drop is described as being due to “challenging trading conditions” related to “regulatory reforms including mandatory carded play and … Continue reading
Six women ran a gambling ring that racked up over $1.5 million in seized cash
A bizarre story surrounding “first-degree” money laundering and “organized criminal activity” has come out of the Texas city, Galveston. Six women, all between the ages of 53 and 65, have been charged with various crimes, mainly related to do with … Continue reading
Rivalry Corp cuts expenses by 62%, with Q2 showing results of new business model
The sports betting and media company Rivalry Corp has cut operating expenses by a huge 62% year-over-year, its latest quarter report shows. The brand is undergoing a ‘rebuilt, high-leverage model,’ with this being its second quarter under the new approach. … Continue reading
Space investing goes mainstream as VCs ditch the rocket science requirements
Seven Seven Six’s Katelin Holloway represents non-technical VCs pouring billions into space startups, betting operational chops will trump aerospace degrees as the industry shifts from rockets to lunar mining and orbital manufacturing.
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