Byju’s said it has raised $250 million in new funding from existing backers as the Indian edtech giant looks to navigate the market downturn that has forced the firm to postpone the initial public offering. The new funding valued the Bengaluru-headquartered startup at $22 billion, the same figure at which it raised a financing round […]
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. People leave jobs for all kinds of reasons, but when it’s a CFO departing a richly valued company as the company itself conducts layoffs, the exodus can be a sign of a […]
There’s no one who knows a company’s inner workings like a chief financial officer. So, when three high-profile CFOs leave their jobs at richly valued, late-stage startups in quick succession, we notice it. This week, OpenSea CFO Brian Roberts left the web3 company less than a year after taking the job. Days later, Brex CFO […]
Christian Owens Contributor Christian Owens is CEO and co-founder of Paddle, a payments infrastructure provider for SaaS businesses. Scaling a SaaS company is tougher today than in the past few years. Whatever stage your company is at, a near 70% drop in the value of public SaaS stocks, increasingly limited access to funding and shrinking […]
Beyond Meat plans to lay off about 200 employees, or 19% of its workforce, according to a regulatory filing disclosed Friday. The company cited declining sales and said the layoffs are “based on cost-reduction initiatives intended to reduce operating expenses…and target cash flow positive operations within the second half of 2023.” Beyond Meat expects the […]
There’s no better way to show you have high conviction in yourself as an investor than being the biggest LP in your $101 million fund, right? Especially if you name your firm Conviction, as Sarah Guo did after leaving Greylock following a decade of investing for the well-known venture group. Last week, she announced that […]
It’s time for procrastination to stop here. Well, it is if you’ve put off buying your pass to ZebethMedia Disrupt. Today is your final opportunity to avoid paying full freight. Nobody likes full freight, just sayin’. You can still save $700 if…and only if…you buy your pass before the deal expires precisely at 11:59 p.m. […]
For cash-strapped SaaS startups trying to reach scale, the math doesn’t look great. A slump in the public markets has dragged the entire sector down, but customer acquisition isn’t getting any cheaper. In the meantime, runways are shrinking like a wool sweater in an electric dryer, and teams that hope to fundraise better have some […]
To get a roundup of ZebethMedia’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hot damn, it’s happening: A bunch of the ZebethMedia team are on airplanes, aeroplanes and other spellings of flying vessels to come join us in San Francisco for Disrupt. To say that […]
