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China’s draft payments rules put Ant, Tencent on notice image
China’s draft payments rules put Ant, Tencent on notice image
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A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Ch...



Indian B2B e-commerce startup Udaan raises $280 million image
Indian B2B e-commerce startup Udaan raises $280 million image
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Business-to-business marketplace Udaan has raised $280 million from new and existing investors as the Indian startup builds a war-chest to accelerate its growth and fend off rivals. The new capital is not part of a new financing round but is an exten...



India’s CRED buys back shares worth $1.2 million from employees image
India’s CRED buys back shares worth $1.2 million from employees image
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Bangalore-based CRED is kickstarting the new year on a high note. The two-year-old startup, led by high-profile entrepreneur Kunal Shah, said on Monday it has raised $81 million in a new financing round and bought shares worth $1.2 million (about 90...



2020 was a defining year for cannabis: What comes next? image
2020 was a defining year for cannabis: What comes next? image
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Ross Lipson Contributor Ross Lipson is CEO and co-founder at Dutchie, an online cannabis marketplace. Ross possesses more than a decade of experience in advanced and equitable delivery services for a variety of industries, including online food order...



Extra Crunch roundup: ‘Nightmare’ security breach, Poshmark’s IPO, crypto boom, more image
Extra Crunch roundup: ‘Nightmare’ security breach, Poshmark’s IPO, crypto boom, more image
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The rest of the world may be slowing down as we prepare for Christmas and New Year’s, but we are not taking our foot off the gas.



From India’s richest man to Amazon and 100s of startups: The great rush to win neighborhood stores image
From India’s richest man to Amazon and 100s of startups: The great rush to win neighborhood stores image
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After spending more than a decade disrupting the neighborhood stores in the U.S. and several other markets, Amazon and Walmart are employing an unusual strategy in India to face off this competitor: Friending them. Walmart and Amazon, both of which f...