Equity Monday: Vice files for bankruptcy, Foxconn's investment in India, and two fascinating startup rounds
Alex has your Monday kickoff with media, startup rounds and some Big Money Moves. We start things off with a look at the markets before diving into Vice's bankruptcy filing, Foxconn investing more in India, Brex's reported shot at buying part of SVB's portfolio, and startup rounds in the UK and Kenya.
Equity · TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Sean O'Kane, Theresa Loconsolo
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Show Notes
This week we talked about media, startup rounds and some Big Money Moves:
- Stocks are mostly up to start the week while crypto remains within the bounds of its recent trading range. Again.
- Vice has filed for bankruptcy, again highlighting how hard the media game can be. The company's eventual selling price looks like it will be a fraction's fraction of its once great worth.
- Foxconn is investing more in India, underscoring how critical it is for major electronics supply chain companies to diversify out of China — and the immense costs involved.
- Brex took a shot at buying part of SVB's portfolio, TechCrunch reports.
- Startup rounds: Smart raised $95 million at a slight discount to its 2021-era valuation and M-KOPA secured a pile of equity and debt fundraising.
- And we closed with the interesting sale of Forbes.
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Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
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