- Techzi
- Posts
- Daily Tech News: Antler, X, Amity Solutions, Torch, Tally, Reddit, Oyo
Daily Tech News: Antler, X, Amity Solutions, Torch, Tally, Reddit, Oyo
Here are the top stories on Techzi
Antler’s $72M Boost for Southeast Asian Startups
Antler raises $72 million for Southeast Asian startups amid funding slump.
VC firm plans to invest in 300 startups across the region.
Antler adopts hyperlocal approach, focusing on early-stage opportunities in various sectors.
AI vs. the Aging Workforce
Guest Author: Richard “Richieee“ Armstrong
Population decline may benefit society alongside AI advancements.
Fewer people could increase individual value and reduce poverty rates.
AI efficiency might maintain economic growth despite decreasing global population.
Musk and Trump’s X Space Showdown Stumbles at Start
Musk and Trump’s X Space event crashes due to technical issues.
Trump returns to X after three-year absence.
Musk blames DDOS attack for the delay.
A Bit of Startup Humor for Today
CP Group Heir’s AI Venture Amity Solutions Secures $60M Funding
CP heir’s AI startup Amity Solutions raises $60 million.
Company offers advanced chatbots and plans stock exchange listing.
Amity expands through acquisitions, leveraging founder’s connections for growth.
Torch Lights Up Travel Gear Market with Init 6 Investment
Indonesian travel gear brand Torch receives funding from Init 6.
Company aims for 50 stores by 2029 and US$70 million annual revenue.
Torch considers expansion into Southeast Asian markets after solidifying its position in Indonesia.
Thailand’s Food Delivery Market Simmers Towards Consolidation
Thailand’s food delivery market heads towards consolidation.
Major players compete for dominance.
Only two or three platforms expected to survive in the long run.
Tally Bows Out – A16z-Backed Fintech Calls It Quits
Tally, a fintech startup, shuts down after raising $172 million.
The company failed to secure additional funding despite pivoting to B2B.
Tally’s closure impacts 183 employees and disappointed high-profile investors.
Reddit’s Resurgence: The Forum Giant’s Unexpected Growth Spurt
Reddit’s user base skyrockets.
Search engines boost visibility.
AI partnerships cement platform’s relevance.
Oyo’s Valuation Takes a Nosedive: From High-Rise to Budget Bargain
Oyo’s valuation plummets to $2.4 billion in recent funding.
Founder Ritesh Agarwal contributes significantly to the $173.5 million raised.
The company shelves IPO plans amid valuation concerns and regulatory challenges.
Reply