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Thursday, 28 February 2019
Indian grocery delivery startup Grofers raises ~$60M from SoftBank Vision Fund, as part of a larger Series F round in progress, reportedly at a $425M valuation (Alnoor Peermohamed/The Economic Times)
India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

Tesla delivers big price cuts to Model S and Model X vehicles
Revolut CFO Peter O'Higgins resigns this week in wake of allegations made against Revolut of allowing money laundering, and using dodgy hiring practices (Finextra Research Headlines)
LinkedIn suspends emails to connections when a European member has been mentioned in the news, after algorithm mixes up identities (Natasha Lomas/TechCrunch)
Thailand's government passes cybersecurity bill that has been criticized for vagueness and the potential to give the government sweeping access to user data (Jon Russell/TechCrunch)
Dell reports Q4 revenue of $23.84B, up 9% YoY, in its first quarter as a newly public company, but a net loss of $287M, up from $133M in 2018 (Robert Hof/SiliconANGLE)
Twitter says in the coming months it will test a Hide Tweet feature that allows users to hide replies to their tweets that others can view through a menu option (Sarah Perez/TechCrunch)
Tesla says it is shifting all sales globally to online, resulting in some store closures and layoffs but allowing vehicle prices to be lowered by ~6% on average (Kirsten Korosec/TechCrunch)
In letter to Sen. Warner, Facebook says teens were ~18% of users of its Research app over its lifetime; Facebook had said publicly that teens were less than 5% (Josh Constine/TechCrunch)
RIAA: US revenue for recorded music grew 12% in 2018 to $9.8B largely due to a 30% surge in streaming revenue; subscriptions to services like Spotify topped 50M (Jem Aswad/Variety)
Tesla closing retail stores in shift to online-only sales strategy
Cherry lets startup employees choose their own office perks
