“Your products will be featured in a special store on Amazon, making them easy for customers to find,” the company wrote in the communication.
TechCrunch reported earlier this month, citing job recruitment posts, that Amazon was looking to expand its focus on fast fashion.
Top player Flipkart leads the category but faces mounting competition from Ambani’s Ajio, which has amassed about 30% market share, according to research firm Bernstein.
The fashion market is extremely fragmented offline, and the online market is seeing similar trends with multiple players emerging to gain share.
(Amazon is instead doubling down on AWS in India, and plans to deploy $12.7 billion in the cloud business in the country by 2030.)
With Twilio under activist pressure, Segment could be put up for sale But recovering the 2020 purchase price could be impossibleTwilio’s foray into the customer data (CDP) business could be heading for an early conclusion.
During the last quarters of Lawson’s tenure atop the company, Twilio came under pressure from activist investors Anson Funds and Legion Capital to divest assets to bolster shareholder value.
With all that value and an eye toward expanding its market, Twilio went out and spent $3.2 billion to acquire Segment.
What is Segment worth?
According to Twilio, its Segment unit generated $75 million worth of revenue in Q4 2023, up 4% from a $73 million result in the year-ago quarter.
Despite record growth in the solar industry last year, software startup Aurora Solar has laid off 20% of its staff of about 500 people, TechCrunch has exclusively learned.
The company, which provides software to help solar installers manage their sales, project design and installation process, has missed its growth targets for the past year, a source said.
It’s possible that Aurora Solar hit stiffer headwinds than expected in California, where changes in net metering led to homeowners getting paid about 75% less for power sold back to utilities.
With net metering rates slashed, the state has decided to offer richer incentives for solar installations that include batteries.
While Aurora Solar says its software is used by 90% of the top 100 solar installers, it also has more than 7,000 customers, many of which likely fall in the long tail of the distribution, those that say they’re under the most pressure.
Despite record growth in the solar industry last year, software startup Aurora Solar has laid off 20% of its staff of about 1,000 people, TechCrunch has exclusively learned.
The company, which provides software to help solar installers manage their sales, project design and installation process, has missed its growth targets for the past year, a source said.
It’s possible that Aurora Solar hit stiffer headwinds than expected in California, where changes in net metering led to homeowners getting paid about 75% less for power sold back to utilities.
With net metering rates slashed, the state has decided to offer richer incentives for solar installations that include batteries.
While Aurora Solar says its software is used by 90% of the top 100 solar installers, it also has more than 7,000 customers, many of which likely fall in the long tail of the distribution, those that say they’re under the most pressure.
It’s a story as old as time: Startup founder raises giant sack of that sweet, sweet VC money.
If you throw enough money at advertising, anyone can get the growth chart to go up and to the right.
But the thing is, you need to find the right way to do growth, and that’s a lot harder.
In his new book, “Growth Levers and How to Find Them,” he makes a case for finding the right way to sell your product.
And that actually worked.
Tesla reported operating income of $2.06 billion in the fourth quarter, a 47% decrease from the same year-ago period.
Tesla spent $1.1 billion on research and development in the fourth quarter, a 35% from the same period last year.
Tesla was able to claw back some of its automotive industry-leading margins in the fourth quarter, thanks in part to a push to further reduce costs.
Energy GrowthWhile Tesla was cautious about vehicle growth in 2024, the company remains bullish on the growth of its energy storage business.
Storage deployments were up 125% year-over-year, even with a slower fourth quarter.
Tesla says EV sales growth may be “notably lower” in 2024 The automaker's earnings show a company at a profit-growth crossroadsTesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production put pressure on profits in the fourth quarter, according to earnings reported Wednesday.
Tesla reported operating income of $2.06 billion in the fourth quarter, a 47% decrease from the same year-ago period.
Tesla spent $1.1 billion on research and development in the fourth quarter, a 35% from the same period last year.
Energy GrowthWhile Tesla was cautious about vehicle growth in 2024, the company remains very bullish on the growth of its energy storage business.
Storage deployments were up 125% year-over-year, even with a slower fourth quarter.
Tesla says EV sales growth may be “notably lower” in 2024 The automaker's earnings show a company at a profit-growth crossroadsTesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production put pressure on profits in the fourth quarter, according to earnings reported Wednesday.
Tesla reported operating income of $2.06 billion in the fourth quarter, a 47% decrease from the same year-ago period.
Tesla spent $1.1 billion on research and development in the fourth quarter, a 35% from the same period last year.
Tesla was able to claw back some of its automotive industry-leading margins in the fourth quarter, thanks in part to a push to further reduce costs.
Analysts had expected the company to earn around $25.62B billion in revenue in the fourth quarter of 2023, according to Yahoo Finance data.
When Anomalo’s co-founders left Instacart in 2018, they thought they could put machine learning to work to solve data quality problems inherent in large data sets.
Five years later, the company’s idea is even more relevant as data quality takes center stage with large language models.
Today, the startup announced a $33 million Series B, equaling their 2021 Series A and bringing the total raised to $72 million, according to the company.
As companies store increasingly large amounts of data in cloud storage and data warehouses like Databricks and Snowflake, this need has only become more pronounced, he says.
SignalFire led the $33 million Series B investment with participation from strategic investor Databricks Ventures.
Krafton has more in store for its battle royale shooting game PUBG, its biggest mobile title, according to Goldman Sachs.
The South Korean firm is plotting “incremental updates” to its strategy to sustain and expand PUBG, Goldman Sachs said in a note Wednesday seen by TechCrunch.
Major graphics upgrade is also in the works, Goldman Sachs said, adding that Krafton plans to use Unreal Engine 5 for a PUBG 2.0 revamp.
The current version of PUBG uses a customized version of Unreal Engine 4.
Epic Game’s latest iteration of the ubiquitous Unreal Engine offers developers significant advancements in achieving heightened realism and immersion at reduced performance costs.
