In a compelling evolution of leadership within the technology sector, investment giant SoftBank has officially announced the appointment of Michel Combes as the CEO of the SoftBank Group International. Combes, who previously held the position of CEO at Sprint, will be replacing long-time SoftBank executive Michel Feferman, who is stepping down to assume a role…
As artificial intelligence continues to reshape the technology landscape, venture capital firms are responding with unprecedented financial muscle, aggressively raising new funds to capitalize on the rapid proliferation of generative AI startups. According to a recent report titled “In A.I. Boom, Venture Capital Firms Are Raising Loads More Money” published by StartupNews.fyi, an increasingly competitive…
Samsung is preparing to increase the prices of its Galaxy A-series smartphones in India, according to a report published by StartupNews.fyi under the title, “Samsung Tipped to Raise Galaxy A-Series Price in India Starting Monday — Here’s What to Expect.” The change, expected to take effect as early as Monday, could affect a number of…
In a development highlighting the shifting financial trajectories of Indian startups, Bengaluru-based fintech company BharatX has reported a reduced net loss of INR 38 crore for the fiscal year ending March 2025, marking a 10% improvement compared to the previous fiscal period. The financial update was originally reported by Startup News Fyi in an article…
Newly released data highlights a significant downturn in venture capital (VC) investments within Israel’s high-tech industry, marking a continuation of trends influenced by global economic uncertainties. According to Financial reports from Israel’s leading financial daily Calcalist, the aggregate investment in the nation’s high-tech sector plummeted by more than half in 2023’s first quarter compared to…
Apple Inc. has expanded its Cupertino footprint once again, acquiring two major commercial buildings in the city where its global headquarters is based, in a move that underscores the tech giant’s continued commitment to its Silicon Valley roots. The investment—reported to exceed $1 billion—marks a significant addition to Apple’s already considerable real estate holdings in…
New Delhi-based logistics technology platform Shiprocket has taken a major step toward becoming a publicly traded company, filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 2,342 crore. The development marks a significant milestone in the firm’s four-year journey from…
In an article published by Calcalistech titled “Red-Hot Israeli Tech Sector Cools Down as Funding Dips and Layoffs Loom,” data reveals a noticeable cooldown in Israel’s technology sector, once renowned for its exceptionally fertile environment for startups and innovation. This slowdown is characterized by a reduction in funding and a climate increasingly pregnant with potential…
Edtech startup Uolo has raised $7 million in a new funding round aimed at accelerating its partnerships with private schools across India, according to a report titled “Edtech Startup Uolo Bags $7 Mn to Expand School Partnerships,” published by Startup News FYI. The funding, which comes in the form of a Series A round, was…
Uber has formally entered India’s B2B logistics sector through the government-backed Open Network for Digital Commerce (ONDC), marking a significant expansion of the ride-hailing giant’s operations in the country. According to a report titled “Uber India Enters B2B Logistics via ONDC” published by StartupNews.fyi, Uber’s foray is focused on connecting businesses with third-party logistics providers…
