Carv valued at $40M as investors race to back web3 identity builders

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Decentralized identity startups are having a moment as investors seek the next generation of killer applications in web3, even in times of market volatility. Blockchain-based identity systems, they argue, are the portal to user-facing applications in the decentralized land, whether the piece of identity is used to send tokens or showcase a gamer’s achievement. Entrepreneurs … Read more

Musk antagonist George Hotz hired to fix Twitter search — he’s got 12 weeks

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Hotz demonstrating his former company’s advanced driver assistance technology. | Photo by Michael Zelenko / The Verge George Hotz, the noted iPhone hacker who was reported to have once turned down a job at Tesla working on its driver-assistance technology, has embarked upon a 12-week “internship” at Twitter under Elon Musk’s leadership. Hotz said his … Read more

Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa

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Leta, a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets. Leta’s proprietary route and load optimization technology is designed to boost efficiency in the delivery of goods to customers, and … Read more

India’s Paytm slides over 10% to all-time low after lock-up period expires

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Shares of Paytm slid over 10% Tuesday to an all-time low of 476 Indian rupees ($5.8) before recovering slightly after the lock-up period for early backers of the Indian financial services firm ended last week. The lock-up period for the company’s earlier backers expired on November 15, freeing significant investors such as SoftBank Group and … Read more