7957e52d44b0445e63e3959104f0455249088fe0 Injection University Tech Power

Online grocery company Misfits Market to acquire Imperfect Foods

Nov 26, 2022

Misfits Market is acquiring Imperfect Foods in an all-stock deal, Misfits Market founder and CEO Abhi Ramesh told TechCrunch. Both online grocery platforms, Misfits Market raised nearly $530 million since being founded in 2018, most recently a $200 million Series C round in 2021 that put its valuation at over $1 billion. Meanwhile, Imperfect Foods, founded in 2015 to rescue and redistribute goods, brought in a total of $229 million, including a $110 million Series D round last year. Though Ram ...read more

Apple ordered to stop selling iPhones without chargers in Brazil

Nov 26, 2022

Editor's take: Perhaps having the option to buy phones with or without a wall charger included would be a good compromise. Some consumers might prefer a bundled first-party charger that supports the phone's maximum charging speed, as most brands opt for proprietary fast charging technologies over USB-PD. Other people might feel they have enough chargers filling their drawers and could opt to save a few bucks by buying one without a charger, helping the environment in the process. Brazil's gov ...read more

Kapor Capital, under new leadership, closes its largest fund to date

Nov 26, 2022

Kapor Capital has closed its largest fund to date, a $126 million investment vehicle set to back early-stage founders of color and social impact ventures. The new fund, which has been in the works as early as February 2021, was raised by managing partners Uriridiakoghene “Ulili” Onovakpuri and Brian Dixon, who succeeded the firm’s co-founders Mitch Kapor and Freada Kapor Klein earlier this year. The fund signals a change in how Kapor Capital does business: beyond being the first th ...read more

NowNow raises $13M seed, plans to scale its ecosystem of financial products across Africa

Nov 26, 2022

In 2011, the Nigerian government launched a financial inclusion initiative and set a target to include 80% of the country’s adult population. Although only a target of 64% was met by the end of the decade, one positive from the exercise is that achieving financial inclusion across the country is still a continuous process that has seen fintechs take part alongside banks in recent years. Agency banking upstarts are the main innovators in this space. Their branchless banking system, which incl ...read more

Juul agrees to pay $438.5M in a record settlement, while a newer vape maker gains steam

Nov 26, 2022

Juul has long argued that it’s trying to save lives; meanwhile, its own existence seems precarious at times. Right now is one of those times. As reported earlier today by numerous outlets, the once high-flying e-cigarette company just agreed to a $438.5 million settlement with 33 states that alleged the company marketed its product to underage users. Connecticut Attorney General William Tong announced the deal, noting that in addition to the financial terms, the settlement will force Juul to ...read more

Just outside of Munich, a startup plans a new process to recycle Lithium-ion batteries

Nov 26, 2022

Companies like Redwood Materials (raised $792M), Li-Cycle, (Canada, raised $667.7M) and Green Li-ion (Singapore $15M) have made a name for themselves in recycling batteries. The activity of recycling existing lithium batteries remains one of the hardest nuts to crack as the world tries desperately to move to more renewable, clean, sources of energy. Right now Lithium-ion batteries are one of the few viable solutions for decarbonizing energy, but the world has a high dependence on countri ...read more

Cyberpunk 2077 expansion pack is not compatible with PS4 or Xbox One

Nov 26, 2022

Something to look forward to: The first "DLC" for CD Projekt Red's Cyberpunk 2077 was a big letdown consisting of just a few cosmetic changes and very little new content. Fortunately, CDPR has been working on a true expansion pack and finally released a few details and a teaser for it today. As we previously reported, Cyberpunk2077's first story expansion is still a ways away, slated for sometime next year. However, that is the total of what we knew about the upcoming content drop — until n ...read more

Watch Apple’s iPhone 14 event right here

Nov 26, 2022

There are few things you can count on in this mixed-up world. Thankfully, a new iPhone each fall is a part of that glancingly short list. You can’t set your watch to it exactly — the date generally move around within a couple of weeks. And this year’s is – surprise – a rare Wednesday event, owing to the Labor Day holiday here in the U.S. This time out, the event is set to go down 10AM PT/1PM ET on Wednesday, September 7. Last month, the company sent out invites, bearing the ...read more

SnappRetail helps Pakistan’s kiryanas compete against supermarkets

Nov 26, 2022

A kiryana owner with one of SnappRetail’s point-of-sale devices The number of global retailers, department stores and supermarkets operating in Pakistan is increasing, which spells convenience for consumers, but trouble for kiryanas, or small general stores. According to a report by the State Bank of Pakistan, general stores’ growth will slow down, especially in urban centers, as large retail outlets continue to expand their networks. One reason why kiryanas are struggling to compete ...read more

Google Maps is expanding its eco-friendly navigation feature to 40 more countries

Nov 26, 2022

Google announced today it is expanding its options for eco-friendly routing on Google Maps to 40 more countries across Europe. Eco-friendly routes, first introduced to U.S-based users last year, offer to show more fuel-efficient routes instead of the fastest ones. Users can see the eco-friendly route marked with a leaf label. To adjusts settings for eco-friendly routes, users can tap on their profile picture on Google Maps, head to Settings Navigation Settings, and then scroll down to Rou ...read more