Wheely raises $15 million for its luxury ride-hailing app – TechCrunch

London-based startup Wheely has raised a $15 million Series B round led by Concentric with Oleg Tscheltzoff, Misha Sokolov and other investors also participating. The company wants to build an Uber competitor focused on the luxury market. It’s a bit ironic when you think about it as Uber started as a luxury company. But everybody […]

RosieReality, a Swiss startup using AR to get kids interested in robotics and programming, scores £2.2M seed – TechCrunch

RosieReality, a startup out of Zürich developing consumer augmented reality experiences, has raised $2.2 million in seed funding led by RedAlpine. Other backers include Shasta Ventures, Atomico Partners Mattias Ljungman and Siraj Khaliq (both of whom invested in a personal capacity), and Akatsuki Entertainment Fund. Founded in early 2018, RosieReality’s first AR experience is designed […]

U.S. slams Alibaba and its challenger Pinduoduo for selling fakes – TechCrunch

China’s biggest ecommerce company Alibaba was again on the U.S. Trade Representative’s blacklist over suspected counterfeits sold on its popular Taobao marketplace that connects small merchants to consumers. Nestling with Alibaba on the U.S.’s annual “notorious” list that reviews trading partners’ intellectual property practice is its fast-rising competitor Pinduoduo . Just this week, Pinduoduo founder […]

Facebook hit with three privacy investigations in a single day – TechCrunch

Third time lucky — unless you’re Facebook . The social networking giant was hit Thursday by a trio of investigations over its privacy practices following a particularly tumultuous month of security lapses and privacy violations — the latest in a string of embarrassing and damaging breaches at the company, much of its own doing. First […]

Uber will reportedly seek up to $90 billion valuation in IPO – TechCrunch

Uber is reportedly looking to sell shares between $44 to $50, aiming to raise $8 to $10 billion in the offering. This would value the company between $80 billion to $90 billion, Bloomberg reports. Previous reports had pegged Uber’s valuation at around $120 billion. Still, that valuation is higher than its last valuation of $76 […]