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Archivo del Autor: Belen De Leon

RedDoorz raises $70M to expand its budget hotel network in Southeast Asia

Singapore-based budget hotel booking startup RedDoorz is tiny in comparison to fast-growing giant Oyo. But it is holding its ground and winning the trust of an ever growing number of investors.

On Monday, the four-year-old startup announced it has raised $70 million in Series C financing round, less than five months after it closed its $45 million Series B. The new round, which is ongoing, was led by Asia Partners and saw participation from new investors Rakuten Capital and Mirae Asset-Naver Asia Growth Fund.

The startup, which has raised $140 million to date, has been seeing “tremendous interest from investors, so it is decided to do a back-to-back rounds,� said Amit Saberwal, founder and CEO of RedDoorz, in an interview with TechCrunch.

Regardless, the new funds will help RedDoorz fight SoftBank-backed Oyo, which is already aggressively expanding to new markets. Oyo currently operates in more than 80 nations.

Saberwal isn’t necessarily threatened by Oyo, on the contrary, he sees Oyo’s success as a testament that there is room for more players to be in the space. He is confident that RedDoorz is “on the right track to create the next tech unicorn in Southeast Asia,” and trade in public exchange in the next two to three years.

RedDoorz operates a marketplace of “two-star, three-star and below� budget hotels, selling access to rooms to people. Currently it has 1,400 hotels on its network, said Saberwal. By the end of the year, the startup aims to grow this number to 2,000.

The startup operates in 80 cities across Indonesia, Singapore, the Philippines and Vietnam, and plans to use the new capital to expand its network in its existing markets, said Saberwal. At least for the next one year, RedDoorz has no plans to expand beyond the four markets where it currently operates, he said.

“Anything in the accommodation is our playground. We have all kinds of properties. We have three-star hotels, some hostels, so we will continue to go deeper and wider moving forward,â€� Saberwal, a former top executive at India’s travel giant MakeMyTrip, said.

It’s a great combination: Making the ubiquity of typically unorganized local guesthouse-style rooms with the more organized and efficient — but pricier — hotel option.

Some of the new capital will also go into broadening RedDoorz’s tech infrastructure, building a second engineering hub in Vietnam. (RedDoorz’s current regional tech hub is based in India.)


Source: TechCrunch

The Bugatti Centodieci is a $8.9 million homage to the early 90s EB110 supercar

The Bugatti Centodieci is the French automaker’s most powerful supercar yet — coming in a skosh above the Chiron at 1,600 horsepower. But it’s not just the power — or the $8.9 million price tag — that makes the Centodieci stand out.

The angular supercar, still dotted with the signature Bugatti design elements, tips its hat to the mid-engine EB110 supercar that debuted in 1991 when the company was owned by Romano Artioli.

One look at the Bugatti Centodieci, which had its world debut at the Quail Gathering during Monterey Car Week, and it’s clear that the early 1990s supercar was an inspiration.

bugatti front

The Bugatti Centodieci

But the Centodieci isn’t a copycat of the wedge-shaped, seemingly two-dimensional EB110. Instead, Bugatti designers aimed to bring the EB110 into the modern era.

“Transporting this classic look into the new millennium without copying it was technically complex, to say the least,” Bugatti head designer Achim Anscheidt said in a statement. “We had to create a new way of combining the complex aerothermal requirements of the underlying Chiron technology with a completely different aesthetic appearance.â€� 

The Centodieci, which means 110 in Italian to commemorate the 110th anniversary of the company’s founding, has a newly developed, deep-seated front spoiler along with three-section air intakes. The iconic Bugatti horseshoe is smaller than its counterparts — a decision made to fit in with the car’s the low-dropping front. The Centodieci also has new, very narrow headlamps with integrated LED daytime running lights and five round air inserts to ensure sufficient air intake for its 16-cylinder engine.

bugatti centodieci

The nod to the 1990s ends inside the Centodieci. In here, it’s all modern-day engineering. The 8.0-liter W16 engine produces 1,600 horsepower and can accelerate from 0 to 62 miles per hour in 2.4 seconds. The top speed has been electronically limited to 236 mph.

Here’s a 360-degree view of the vehicle.

Bugatti will only produce 10 of the Centodieci and they’re already sold, Pierre Rommelfanger, Bugatti’s head of exterior and structure development confirmed to TechCrunch. Typically, supercars such as these can be highly customized to meet the desires of their owners.

And the Bugatti Centodieci will be no different — to a point. “There are limits in order to reduce complexity,” Rommelfanger said.

Deliveries to the first Centodieci customers will begin in 2022. Bugatti has other orders to fill besides the Centodieci. The company is also producing 40 of the Bugatti Divo and just one La Voiture Noire, which is the world’s most expensive new car ever sold at $18.68 million. The company also plans to produce 500 Bugatti Chiron cars.

If president Stephan Winkelmann sticks to his plan to introduce two new products each year, more Bugatti models will soon join the Centodieci, Chiron, Divo and La Voiture Noire.


Source: TechCrunch

Renunciar a la mitad de la carne roja bastaría para ayudar al clima

Si reemplazamos el 43 % de este consumo por cerdo y pollo, las emisiones dietéticas se reducirían en un 18 %, según el IPCC. La mala noticia es que si aspiramos a lograr recortes de emisiones realmente profundos, la mayoría de nosotros deberíamos hacernos veganos
Source: MIT

Este avance traerá chatbots más inteligentes y más noticias falsas

El fabricante de chips Nvidia está centrando sus esfuerzos en el procesamiento del lenguaje natural. Su nuevo software, basado en dos enfoques de Google, está diseñado para eso, una novedad tecnológica que, como siempre, tiene un parte buena y una mala
Source: MIT

George RR Martin: Game of Thrones books can't please everyone – CNET

Author reiterates that the show’s ending won’t influence what he does with the book series.
Source: CNET

Ransomware attack paralyzes 23 computer systems in Texas – CNET

Most of the systems affected are operated by small, local governments, authorities say.
Source: CNET

Everything the iPhone 11 needs to be successful – CNET

Commentary: The next iPhone doesn’t need a radical redesign, but it does need some solid upgrades and new features to be a success.
Source: CNET

Tesla pitches a solar rental program to boost its renewable energy business

Tesla is pitching customers on a new rental offering for solar power as a way to revive the flagging fortunes of its renewable energy business.

Once among the largest installers of renewables in the country through SolarCity, Tesla has seen its share of the market decline significantly since its acquisition of SolarCity three years ago. In the second quarter Tesla deployed only 29 megawatts of new solar installations, while the number one and two providers of consumer solar, SunRun and Vivint Solar installed 103 megawatts and 56 megawatts respectively.

That’s likely one reason why Elon Musk took to Twitter early Sunday morning to pitch the new solar rental program.

According to Musk, the new program is “like having a money printer on your roof” for potential customers who live in states with high energy costs. “Still better to buy,” Musk exhorted, “but the rental option makes the economics obvious.”

Unlike SunRun and Vivint, which both used partnerships with homebuilders and retailers like Home Depot, BJ’s Wholesale, Costco and Sam’s Club to acquire customers, Tesla ended door-to-door marketing and abandoned its partnership with Home Depot. The company began relying almost entirely on direct sales to power its solar business and eschewed the no-money-down lease model, which SolarCity had used so effectively.

Under the new system, Telsa is offering customers the option to rent solar systems for anywhere from $65 for a small installation to $195 for its largest installation. Customers only need to pay a fully refundable $100 charge.

Tesla said the contract can be canceled any time, but it would charge users $1,500 to remove the system once it has been installed.

Tesla did not respond to a request for comment at the time of publication.

 


Source: TechCrunch

YouTube virtual try-ons are here, starting with lipstick – CNET

Pucker up! A new AR feature could be just the beginning.
Source: CNET

PDFs are a monster to edit, but these four free apps make it easy – CNET

Whether you’re on an iPhone, Android phone, Mac or PC, I found free and easy ways to add text, sign documents and fill out forms.
Source: CNET

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