Report Claims Amazon Collects Over A Third Of Seller Revenue, Bringing In $121B In 2021 - [2021-12-01 6T2T6J]


Toronto-based VFX startup MARZ raises $5.3M to develop AI technology solutions: Aisha Malik



Technology and visual effects startup Monsters Aliens Robots Zombies (MARZ) has raised $5.3 million in Series A funding. The investment was led by Round13 Captial with participation from Rhino Ventures and Harlo Equity Partners. MARZ plans to use the funding …

Swiggy to invest $700 million in express-delivery service Instamart: Manish Singh



Swiggy, India’s top food-delivery startup, will invest $700 million in its express grocery delivery service Instamart, significantly intensifying the competition for quick commerce in the world’s second largest market. The SoftBank-backed startup, which launc…

Bounce's first electric scooter features swappable battery, costs less than $500: Manish Singh



Bangalore-based Bounce on Thursday priced its first electric scooter at as low as 36,000 Indian rupees ($480), considerably undercutting the heavily-backed rival Ola as the mobility war intensifies in the world’s second most populous nation. The startup, back…

Apple announces the 2021 App Store Award winners and most downloaded apps of the year: Sarah Perez



Apple today released its anticipated annual list of the best apps and games of the year across iPhone, iPad, Mac, Apple TV and Apple Watch. This year, children’s app maker Toca Boca won iPhone App of the Year for “Toca Life World,” and Riot Games’ “League of …

Francophone African super app Gozem grabs $5M to expand and offer more services: Tage Kene-Okafor



Gozem, a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has raised $5 million in Series A financing, the company confirmed to TechCrunch. The Togo- and Singapore-based company receiv…

LinkedIn adds Hindi to reach 500 million people in India: Manish Singh



Less than 20% of India’s 1.3 billion people speak English. But LinkedIn, the largest professional social network globally, has so far catered only to this sliver of the population in the world’s second largest internet market. On Thursday, the Microsoft-owned…

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Kakao Mobility picks up additional $55M funding at over $4.2B valuation: Kate Park



Kakao Mobility, the South Korea-based mobility as a service (MaaS) startup behind Kakao T, a ride-hailing app, said it has raised an additional $55 million (65 billion won) from strategic investor GS Retail. This brings its total raised to about $941.4 millio…

4 analysts break down Bret Taylor's pretty sweet week: Ron Miller



Bret Taylor finds himself in a unique position in Silicon Valley: in just one week at age 42, he's accepted substantial positions at two tech powerhouses.

If we can't design autonomous robots, maybe they can design themselves: Gideon Kimbrell



Delivering a humanoid robot capable of independently venturing out into public is likely a long way off.

Report claims Amazon collects over a third of seller revenue, bringing in $121B in 2021: Devin Coldewey



A new study claims that Amazon makes far more from fees on its Marketplace platform than even the cash cow known as AWS. The report says that Amazon’s fees for participating effectively on its store have grown to the point where sellers now give the company a…



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