exits

General Motors (GM) looks to get back on track this year as executives believe EV “production hell” is behind it. After missing EV sales targets for the past two years, will 2024 be the year of execution, as GM says it will? Is GM putting production hell behind it? After delivering 75,883 EVs last year, GM (again) missed its target of selling 100,000 alone in the second half of 2023. The automaker encountered freight delays, software glitches, and other issues that delayed timelines. After…

Amid a challenging funding landscape, venture capital (VC) firms across India have been recruiting executives for corporate development roles that include facilitating successful exits and redistributing capital to limited partners.Over the last two years, leading funds such as Lightspeed, Accel, and Matrix Partners India have sought out professionals with investment banking expertise.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product…

After the Lakers dominated the Oklahoma City Thunder on Monday, the modern media take machines asked the only logical questions.Could the Lakers win the West? Had they turned the corner? Could they somehow finish in the top four in the conference?You could almost feel the segment producers readying Wednesday night, the Lakers running all over the Kings in a win that would have vaulted them up the standings. The Kings’ high-motor offense had stalled with the Lakers’ replicating the defensive intensity they played with…

With Indian startups facing the brunt of a long funding winter, a listing on the SME board can be a potential route for new-age technology companies to raise funds, early-stage investor Blume Ventures said in a report.In its latest Indus Valley report 2024, the venture capital firm said startups which are not witnessing a lot of interest from growth investors, or hitting a growth ceiling and “feel better to build profitably than burn for growth”, should be exploring initial public offerings and their listing on the SME…

Ramirez's character received harsh criticism following the debut of the Sex and the City revival in 2021 Sara Ramírez will not be returning to the third season of And Just Like That, according to Variety and Deadline. Ramirez, who uses they/them pronouns, played nonbinary standup comedian Che Diaz and was introduced as Miranda Hobbs’ (Cynthia Nixon) love interest in season one. By season two, however, the fictional couple had called it quits. In response to criticism of her character,…

The global venture capital market is enduring a long period of limited exits. Startups are staying private longer, M&A is quiet in part due to sharpened regulatory oversight, and the IPO market remains frozen. This means many historical venture deals are slowly rotting on the vine, in IRR terms. The crypto market is no different, but some investors in the space are unfazed. New data from PitchBook’s Q4 2023 Crypto Report makes it clear that if the larger startup market is suffering from an exit drought, crypto…

Two independent directors have quit the board of troubled Paytm Payments Bank as the fintech battles regulatory challenges. Details on this and more in today’s ETtech Top 5.Also in this letter:■ Licious lays off 80 employees■ ETtech Deals Digest■ Startup employees look for exitsTwo independent directors quit Paytm Payments Bank board Paytm Payments Bank independent directors Shinjini Kumar (left) and Manju AgarwalTwo independent directors have quit the board of Paytm Payments Bank (PPBL) even as it tries to…

Michelle Jubelirer, the chair and CEO at of Capitol Musical Group, announced Tuesday that she is leaving the company. Jubelirer, who has been Capitol for more than a decade, sent a memo to staff informing them of her decision, which is effective on Wednesday. “I am deeply saddened that I will no longer be at the company we rebuilt and took to new heights over the past two years. As I’ve said before, I don’t think any label group has been able to turn things around as quickly as we have managed…

An Apple Inc. veteran who led work on home devices and helped start efforts to develop an electric vehicle is leaving for Rivian Automotive Inc., marking yet another senior departure for the iPhone maker, informed colleagues Friday of his exit, according to people with knowledge of the matter. He will become senior vice president of vehicle programs at Rivian, the maker of electric SUVs and pickup trucks, and report to Chief Executive Officer RJ Scaringe, said the people, who asked not to be named discussing unannounced…

India’s electronics exports saw a significant upsurge led by Apple iPhones. This and more in today’s ETtech Top 5.Also in the letter:■ Social safety for gig workers■ Virtual pilgrimages with influencers■ Apple Mac in numbersIndia-made iPhones push electronics exports up 22% Apple’s iPhone led the charge in India’s booming smartphone exports, contributing significantly to a record 22.2% growth in overall electronics exports, which surpassed $20 billion in the first nine months of FY24.Data decoded:…