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Russia's Ozon.ru Is Selling Its Zappos Clone Sapato.ru To KupiVIP
Apr 22, 11:36AM
Some downsizing underway for Ozon.ru, the e-commerce portal commonly referred to as the Amazon of Russia. The company has sold Sapato.ru — the “Zappos of Russia” that it acquired three years ago — to online fashion retailer KupiVIP. Terms of the deal have not been disclosed by the companies. According to reports, they don’t sound great. Russian finance… Read MoreValet Startup ZIRX Raises $30M Led By Bessemer, Expands To Offer More Value-Added Services
Apr 22, 11:30AM
As ZIRX looks to increase the number of services it offers and cities it serves, ZIRX has raised $30 million in Series B funding led by Bessemer Venture Partners. The round includes participation from existing investors Norwest Venture Partners and Trinity Ventures, and Bessemer partner Ethan Kurzweil will join the ZIRX board. Read MoreGetReal Says Stop Messaging, Just Meet
Apr 22, 10:44AM
GetReal is an app that, paradoxically, wants users to spend more time in each others’ company, and less with messaging apps. Read MoreZomato Buys NexTable To Rival OpenTable And Yelp In Reservations
Apr 22, 10:24AM
Just one week after Zomato raised a round valuing it at more than $1 billion and acquired a point-of-sale startup, the India-based restaurant services company has made another acquisition. Zomato has acquired NexTable, a U.S.-based restaurant reservations and table-management platform that competes against the likes of Priceline’s OpenTable and SeatMe from Yelp. The service will soon… Read MoreCrowdsourced Translation Startup Gengo Raises $5.4M And Changes Its CEO
Apr 22, 10:09AM
There are changes afoot at Gengo, the crowdsourced translation service based in Tokyo, Japan, which just announced its $5.4 million Series C round and a change of leadership. Matthew Romaine, previously CTO, is replacing fellow co-founder Robert Laing as CEO of the startup. Read MoreClickMechanic, The U.K. On-Demand Car Mechanic Startup, Scores Seed Funding
Apr 22, 8:31AM
ClickMechanic, the U.K. startup aiming to be something like an ‘Uber for car mechanics’ by offering a marketplace that lets you easily and transparently book a mobile mechanic, has scored a modest seed round. The London-based company, founded by Andrew Jervis and Felix Kenton, has raised £320,000 from angel investors led by former Just Eat CEO Klaus Nyengaard. This adds to… Read MoreMt. Gox Customers Can Now File Claims For Their Lost Bitcoins
Apr 22, 7:46AM
There’s positive news for customers of Mt. Gox, the once industry-leading bitcoin exchange that blew up in spectacular fashion last year, after its creditors began accepting bankruptcy claims. Read MoreConsumer Finance Startup CompareAsia Scores $40M Series A Led By Goldman Sachs
Apr 22, 6:19AM
CompareAsiaGroup, which runs websites that help users find financial services, has raised a $40 million series A led by the Goldman Sachs Investment Partners team. Read MoreCloud HR Startup Zenefits Is Looking To Raise A Giant New Round Of Funding
Apr 22, 3:06AM
Fast-moving HR and benefits startup Zenefits is looking to accelerate adoption even further. According to sources the company, which was founded just two years ago, is about to join the club of companies worth more than a billion dollars. Zenefits allows small- and medium-sized businesses to manage human resources services in a much simpler fashion. Like many other modern enterprise… Read MoreGravity4 And Gurbaksh Chahal Sued For Alleged Gender Discrimination — Here's The Complaint
Apr 22, 2:38AM
Marketing startup Gravity4 and its CEO Gurbaksh Chahal were sued today by Erika Alonso, formerly the company’s senior vice president of global marketing. Forbes broke the news of the lawsuit. Alonso accuses Chahal and his company of discriminating against her because of her gender, as well as illegally surveilling her during her job interview. Read MoreNotifications Are The Next Platform
Apr 22, 1:00AM
As the world moves from web to mobile, we’ve been thinking deeply about how people will discover mobile products and services and how we will find and access all the things we need in our digital lives. Search (largely Google) has long been the access and discovery point for web services. This model was pull-driven (i.e. we proactively find information on websites as we need), and… Read MoreU.S. Secretary Of Homeland Security Warns About The Dangers Of Pervasive Encryption
Apr 22, 12:30AM
In a speech at cybersecurity conference RSA, U.S. Secretary of Homeland Security Jeh Johnson outlined the government’s discomfort with increasing implementation of encryption by technology companies, and what impact the shift might have on national security. While tech firms like Apple are advancing encryption to an increasingly broad set of consumer activities, the government is… Read MoreRepublicans Continue Fight Against Net Neutrality With Three New Proposals
Apr 21, 10:44PM
House Republicans continued their push against the Federal Communications Commission in the wake of the net neutrality rulemaking with three proposals that would curb the agency’s authority. They would require the agency to share its rulemaking with the public more expediently and be more transparent about internal delegation. Read MoreYahoo Cut 1,000 Jobs Since Q1 2014, Around 2,800 During Mayer's CEO Tenure
Apr 21, 10:21PM
As part of its first quarter earnings report, Yahoo detailed its reduction in headcount. The company cut 1,000 jobs since the first quarter of 2014, to 11,400. That figure does not include 830 contractors that work with the firm. The 11,400 figure was 11,800 at the end of the first quarter. That means Yahoo cut 400 jobs in the past 1.5 months. Presuming that that trend continues, the company… Read MoreYahoo Calls In Advisors To Weigh The Future Of Its 35.5%, $9B Stake In Yahoo Japan
Apr 21, 10:12PM
During a video stream discussing Yahoo’s Q1 earnings today, CEO Marissa Mayer noted that Yahoo has closed down 17 offices since she joined the company as part of a wider efficiency strategy. And it looks like Yahoo is eyeing up one more big downsize in its international profile: the company has retained advisors to decide what to do with its 35.5%, $9 billion stake in Yahoo Japan,… Read MorePut A Gold Band On It
Apr 21, 9:06PM
Nothing separates the “haves” and the 1% like a prohibitively expensive consumer product. Whether it’s a Hermes Birkin Bag or a McClaren P1 GTR, there are some consumer goods that are almost impossible to purchase and almost impossible to knock off. It’s that exclusivity and false scarcity that you are paying for, in a sense. Read MoreWhy You'll Hate the Apple Watch And The Important Business Lesson You Need To Learn
Apr 21, 9:00PM
If you are among the 19 million people Apple predicts will buy an Apple Watch, I have some bad news for you — I’m betting there is an important feature missing from the watch that’s going to drive you nuts. That doesn’t mean you shouldn’t buy one. In fact, I’m ordering one myself. However, this paradox illustrates an important lesson for the way companies… Read MoreWith "Fuller House," Netflix Bets On Nostalgia To Attract More Viewers
Apr 21, 8:25PM
If there’s any doubt that Netflix doesn’t want to just augment your cable TV subscription, but actually desires to replace it outright, then look no further than today’s news of the streaming service’s intention to reboot the classic 80s-to-early 90s comedy “Full House,” under the new, oh-so-creative title, “Fuller House.” The spin-off, deemed… Read MoreYahoo Slips 2% On Lower-Than-Expected Q1 Net Revenue, Adjusted Profit
Apr 21, 8:21PM
After the bell, Yahoo reported its first-quarter financial performance, including $1.04 billion in revenue after discounting for traffic costs (ex-TAC) and adjusted earnings per share of $0.15. The street had expected Yahoo to earn $0.18 per share on revenue of $1.06 billion. Yahoo’s ex-TAC revenue shrunk from the year-ago period by around 4 percent. The company’s adjusted profit… Read MoreWhat's Up With WhatsApp's Monthly Active User Numbers?
Apr 21, 8:00PM
This week, WhatsApp passed a milestone when CEO Jan Koum revealed that it had broken 800 million active users. That’s quite something in this age, when the leading global social networks and Internet services are well established. Breaking into that club isn’t easy, but WhatsApp has done it — nearly doubling its user base over the past year, since it was acquired by Facebook… Read MoreIf at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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