Indian e-commerce firm Flipkart, majority owned by U.S. retail giant Walmart, is seeking a $40 billion valuation in its talks to raise at least $3 billion from SoftBank as well as several sovereign wealth funds, Bloomberg reported. SoftBank could invest up to $500 million in the round, while Singapore’s sovereign wealth fund GIC, Canada Pension Plan Investment Board and Abu Dhabi’s sovereign...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Weekend startups culture
Knocked Down, Dragged Out, and Laid Off
Hi, welcome to your Weekend! It was a tough week (and month and quarter) for people in tech. And that goes double for folks who work in crypto, which has seen a calamitous drop from its pandemic-era heights.Many might feel a hint of schadenfreude about the humbling of crypto. Certainly, its leaders seem worthy of comeuppance, after pumping the space with enough hot air and hype to power a...
Twitch’s Creators Chief Departs Amid Payout Cutbacks
Amazon Informs Employees It Miscalculated Raises
Google CEO Addresses Employee Questions about Cost-Cutting
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Data Point startups venture capital
Venture Firms’ $290 Billion ‘Dry Powder’ is About to Revive Startup Funding
startups venture capital
Debt Pitches Are in Vogue, but Not All Tech Startups Are Biting