admin

Accel eyes stake in India’s Truemeds at $330 million valuation

According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications. The talks are currently …

Read More »

Chinese Stock Gains Fizzle as Briefing Lacks Major Stimulus

(Bloomberg) — Chinese stocks gave back earlier gains as a much-anticipated joint ministry briefing on supporting the property market offered few new stimulus measures. Most Read from Bloomberg The CSI 300 Index was down 0.1% as of 11:18 a.m., reversing a 1.3% rise. A Bloomberg Intelligence gauge of Chinese developer …

Read More »

Meta lays off employees across multiple teams

Multiple teams at Meta were hit by layoffs on Wednesday, the company confirmed in a statement to TechCrunch, noting these changes were made to reallocate resources within the company.  “Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location …

Read More »