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Instagram swaps out its ‘Activity’ tab for ‘Shop’ in new global test
Instagram today is starting a small global test of the Instagram Shop tab, first announced this May, which allows Instagram users to shop from top brands and creators via a new tab in the app’s navigation bar with just one tap. Here, users will be able to filter products by categories, as the…
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K Fund has another €70M to back early-stage Spanish startups and is launching a pre-seed program
K Fund is officially outing its fund II today, which sits at €70 million, up from €50 million the first time around. The remit remains the same, however: targeting Spanish startups with an international outlook, the seed-stage firm plans to invest from €200,000 to €2 million, writing first c…
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Uber grocery delivery launches in Latin America and Canada, US to follow later this month
A day after acquiring Postmates for $2.65 billion, Uber has officially launched grocery delivery in select Latin American and Canadian cities. The initiative is the product of the also recently announced acquisition of Cornershop (still pending regulatory approval), back in late-2019. The Santiago,….
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Magic Leap has a new chief executive and it’s former Microsoft exec Peggy Johnson
Peggy Johnson, the former executive vice president of business development at Microsoft, has been named as the new chief executive of Magic Leap, the company said in a statement. Johnson, who will begin her new role on August 1, 2020, comes to Magic Leap after a thirty year career in the technology….
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Organise, a platform for worker rights, raises £570K seed funding led by Ada Ventures
Organise, a U.K. startup that has built a platform to help workers organise and campaign for better rights, has raised £570,000 in seed funding. The round is led by Ada Ventures, fitting into the VC firm’s remit to back “overlooked markets and founders”. Also participating is Form…
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Facebook-backed Unacademy acquires PrepLadder for $50 million
Indian online learning platform Unacademy said on Tuesday it has acquired Chandigarh-based startup PrepLadder for $50 million — in a cash and stock deal — as the Facebook-backed edtech giant scouts for deals to expand its presence in the country. PrepLadder, which employs about 150 peo…
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TikTok faces ban in the US, pulls out of Hong Kong
The world’s most popular short video app continues to be in the crosshairs of politicians globally. On Monday night, Secretary of State Mike Pompeo told Fox News that the United States is “certainly looking at” banning TikTok over concerns that it could be used by the Beijing gove…
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Victress Capital, a fund founded by women to back women founders, just closed its second fund
Women start 40 percent of the businesses in the U.S., but they receive just 3% of venture funding. It doesn’t take a math whiz to recognize that such an extreme funding gap could spell opportunity, but it might help if you are math minded, a longtime investor, and happen to be woman and so co…
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Daily Crunch: Uber confirms Postmates acquisition
You may have noticed that The Daily Crunch is publishing about six hours later than usual. Do not be alarmed! We decided that sending the newsletter later in the day was a better fit for the TechCrunch news cycle — hopefully, there will be fewer days when we hit Publish and then groan when we see …
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