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| Hello and welcome to Daily Crunch for July 29, 2021. Between the IPO cycle and earnings it has been quite the day. And Nikolaâs founder was indicted on three counts of fraud. Itâs busy! Letâs get into it! — Alex |
| | Image Credits: Amy Sussman / Getty Images |
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The TechCrunch Top 3 (OK, four, but itâs about Scarlett Johansson) Nikola founder indicted on fraud charges: From the you saw this coming files, former Nikola CEO and walking bottle of Mountain Dew Trevor Milton was indicted on three counts of fraud. Per the federal indictment unsealed by the U.S. attorneyâs office in Manhattan on Thursday, the former exec âengaged in a fraudulent scheme to deceive retail investors.â Not a great day for SPACs, frankly. Microsoft may invest in hotel unicorn OYO:Â Hereâs an odd one. Microsoft, the U.S. software giant, may invest in OYO, the India-based hotels startup that raised capital from SoftBankâs first Vision Fund. Why? Per our reporting, there may be some sort of cloud deal in the mix. Both parties are staying mum for now. The Latin American startup market is hitting its stride: On the back of an epic boom in venture investment, founders in Latin America are finally getting their due, investors told TechCrunch. Between locally sourced capital, external funds and economies in the region that are increasingly digitally enabled, itâs a bullish time to build in the region. Scarlett Johansson files suit over Disney+ âBlack Widowâ release:Â The actress alleges Disney breached its agreement with her when it released the Marvel flick on streaming service Disney+ at the same time it landed in theaters. Johanssonâs attorneys say Disney is âhiding behind COVID-19,â but with the delta variant being very much a problem, we must say weâd prefer to observe our Avengers films from our couches for the time being. |
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Startups/VC Tenderly wants more dApps: Decentralized apps, or dApps, are a big category in the larger blockchain economy. And Tenderly, a startup that just raised $15.3 million, wants folks to build more of them. The company has built a âa developer platform for Ethereum devs to monitor and test the smart contracts that power their decentralized apps.â Online grocery continues to attract capital: This time itâs Merqueo, which operates an on-demand service in Latin America. Between grocery delivery and so-called âinstantâ grocery startups, lots of capital is finding its way into the business of bringing food to folksâ houses. Merqueo just raised a $50 million Series C for its efforts. La Haus raises $100M for its online real estate marketplace: La Haus is a Colombian startup, as is Merqueo. See, we told you that Latin America was busy! In this case, La Haus raised $50 million in equity capital and $50 million in debt. Per our reporting, the company saw âtransactions conducted on its Mexico portal climb by nearly 10x in the second quarter of 2021 compared to the 2020 second quarter.â Not bad! More money for mental health: Talkiatry announced earlier today that it has raised a $20 million Series A led by Left Lane Capital. The startup wants to make psychiatry services available through insurance providers and has partnered with a host of them. Anything to make mental health care easier and cheaper for consumers is good by us. Hello Divorce raises $2M so your divorce wonât cost $2M: Getting divorced is about as much fun as putting broken glass in your shoe while taking a hike. At least thatâs what our friends have told us. Hello Divorce wants to make the whole process better. Given that divorce is something that happens rather often to lots of folks, it certainly wonât lack for TAM. Pangea raises $2M for its student labor marketplace: Hailing from Providence, Rhode Island, Pangea announced a seed round today. The companyâs service connects digitally savvy college students with businesses looking for freelance talent. GMV is rising at the company, and now it has more capital in its accounts than ever. Letâs see how it grows the rest of the year. Odoo sells $215M of its stock: Now worth over â¬2 billion, Odoo, an open-source business management software play, is the first unicorn out of Wallonia, a region in Belgium. The round was purely secondary, notably. The company provides most of its software for free, while charging for certain features. Employee-success startup CultureAmp raises $100M: The startup, which was founded to let companies poll their workers, is now worth $150 million. You can think of it as management analytics, providing âturnover prediction and team goal tracking,â per our own reporting. In case you were looking for something entirely different, we present a review of Nothingâs new earpods. |
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| This year, livestream viewers in China are projected to spend more than $60 billion on digital shopping experiences where they can interact with influencers in real time. Promoting everything from cosmetics to food, social media stars use Taobao, TikTok and other platforms to tout products and answer live questions. On Taobao’s Singleâs Day Global Shopping Festival in 2020, livestreams racked up $6 billion in sales, twice as much revenue as the year prior. Sensing a trend, Western startups are getting in on the action, with companies like Whatnot and PopShop.Live raising rounds to build out their infrastructure. Looking forward, Alanna Gregory, senior global director at Afterpay, says she foresees four major trends: Networks. SaaS streaming tools. Host discovery and outreach tools. Host marketplaces and agencies. “For brands, SaaS streaming tools will be the most impactful way to take advantage of livestream commerce trends,” Gregory writes in an Extra Crunch guest post. “All of this will be incredibly transformative.” (Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.) Read More |
| | Image Credits: seksan Mongkhonkhamsao / Getty Images |
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Big Tech Inc. We went a bit long on the startup side of things, so letâs be brief when it comes to Big Tech. First up, Amazonâs FireTV Cube now supports Zoom. Everything should support Zoom. Zoom is good. So, itâs both unsurprising and welcome that Amazon is building out greater integration with the video chat provider. Next, Facebookâs next product will be a collab with Ray-Ban to build smart glasses. How you feel about this bit of news will depend on what you think about Facebook, but as a former Google Glass fan I suppose I am willing to wait to make judgment. PayPal has a superapp in the wings, a service that will include messaging. Do we want this? I donât know, but superapps — mobile applications that encompass a wide range of services in a single package — are big around the world, so why not here in U.S. as well? |
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TechCrunch Experts: Growth Marketing Weâre reaching out to startup founders to tell us who they turn to when they want the most up-to-date growth marketing practices. Fill out the survey here. Read one of the testimonials weâve received below! Marketer: Scott Graham Recommended by: Heather Larrabee, CMO, FORM Testimonial: âHe was referred to us and blew our socks off from his initial analysis. Heâs the rare growth adviser expert at strategy and execution. Heâs a servant leader, a systems thinker, integrates with the team with empathy and curiosity like heâs an internal teammate, brings a wealth of cutting-edge knowledge, and a stable of incredible partners and resources. He runs with the best and the brightest, but heâs the first one on and the last one off for the day, putting in the time to make things great. He has an uncanny ability to communicate complex concepts and make them accessible for all audiences, and heâs been a foundational game changer for our business and many others.â |
| | Image Credits: SEAN GLADWELL / Getty Images |
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