Flywheel raises $12 million to help taxis fight Uber

Despite the quick rise of ride-hailing apps Lyft and Uber, one San Francisco startup is out to prove that the taxi industry is not down and out. Flywheel, a mobile app that lets riders order a traditional taxi cab from their smartphone Read More →

Snapchat joins Square to offer payments feature

Snapchat, the messaging app that lets users send texts and photos that disappear within seconds, has launched a money transfer feature. Through the new "Snapcash" feature, the app's millions of monthly users can enter their debit card information and send money to a Read More →

Report: Coinbase in talks to raise up to $60 million

Silicon Valley high-profile investors appear to be lining up behind bitcoin, the crytocurrency that has won the hearts of many tech workers despite its volatility and uncertain future. Coinbase, an online exchange for purchasing, storing and transacting in bitcoins, is reportedly Read More →

Big data startups New Relic, Hortonworks lead IPO rebound

It would appear the IPO market is back, and with a vengeance. After a slowdown in October that had companies delaying and withdrawing their public offerings, Bay Area tech companies are hopping back on the IPO train. On Monday, big Read More →

Uber in talks to raise another $1 billion

Uber, the big gorilla in the car service startup space, is reportedly in talks to raise $1 billion to fuel the company's rapid international expansion -- and fund its ongoing heated rivalry with regulators and taxi companies. San Francisco-based Uber is Read More →

Whole Foods credits delivery startup Instacart with sales growtih

Whole Foods this week credited grocery delivery service Instacart for a jump in sales, offering kudos to the startup as competition in the delivery space really heats up. Whole Foods, the high-end purveyor of organics and immaculately prepared health foods, and a favorite Read More →
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