Meta partnership allows Indian WhatsApp users to browse and buy groceries via JioMart

TechCrunch Newsletter
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By Christine Hall and Haje Jan Kamps

Monday, August 29, 2022

Good morning, you crunchy ol’ pirates. Good to see you again, and hope you had a swell weekend. On Wednesday, we’re hosting a healthcare-focused TechCrunch Live. It’ll be fun! Tune in here, and if you want to be part of the 2-minute pitch practice, Haje will be on the lookout for your applications.

Now, grab yourself a glass of water, and settle in with some tech-newsy goodness from the TC team! —Christine and Haje

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Image Credits: WhatsApp

The TechCrunch Top 3

  • Order up: Meta joined forces with Reliance Retail and Jio Platforms two years ago to test grocery shopping on WhatsApp in India, and Manish and Jagmeet write that customers can now “browse JioMart’s entire grocery catalog on WhatsApp, add items to a cart and make the payments via local payments rail UPI without ever leaving the instant messaging service.”
  • Welcome back: Former Amplify co-founder and CEO Segun Adeyemi is back with Anchor, a banking-as-a-service startup that is helping businesses offer financial products in Nigeria and across Africa. It also caught the eye of Y Combinator and other investors, who put in over $1 million, Tage reports.
  • Hail to the chief: Speaking of YC, Mary Ann and Natasha M paired up to report on today’s surprise news that Initialized Capital founder Garry Tan is going to be the accelerator giant’s next president and CEO.

Alert! Labor Day Sale Is Here - TechCrunch Disrupt 2022

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Startups and VC

As we all know, the housing market goes through cycles. Low interest rates mean more purchases and refinances. Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry, Mary Ann writes in this week’s issue of the Interchange, our fintech newsletter.

Kli Capital was your average family office headed up by a former tech entrepreneur looking to opportunistically back a new fleet of founders. Becca reports that the firm changed gears in the firm’s third fund, as it evolved into a multi-LP fund.

A Gen Z VC speaks up: Why Gen Z VCs are trash

Tech investors born after 1996 “have raised funds, garnered social media followings and profited from the Gen Z mentality,” says Andrew Chan, a senior associate at Builders VC.

However, “Gen Z, no matter how you slice it, are still a bunch of kids. Myself included,” he notes in a TC+ guest post. “Good for them. I don’t want to be any part of it.”

Chan says too many investors in his age cohort rely on “youth, group-think identification and confidence as a substitute for hard work and experience.”

“It might work for now, but if that’s success for my generation of venture capitalists, then I would have rather stayed in my happy little bubble writing geochemistry code at NASA JPL.”

(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

Read More

A Gen Z VC speaks up: Why Gen Z VCs are trash image

Image Credits: Anastasiia Yanishevska / EyeEm / Getty Images

Big Tech Inc.

If you like earbuds that glow, you will enjoy Haje’s review of Angry Miao’s Cyberblade gaming earbuds. We think “these are some of the best-manufactured in-ear headphones I’ve ever seen” pretty much sums it up.

Remember the vintage Apple iMac Blueberry? That’s what the back of the new Aston Martin Valhalla reminds us of. For true car connoisseurs, Jaclyn writes this high-performance vehicle is being used to “develop a playbook for its future EVs.”

Read more stories on TechCrunch.com

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What's happening this week at TechCrunch | August 29

Monday, August 29, 2022

Plus more TC events coming up! Feeling the Monday blues? Snap out of it! Cher couldn't turn back time, but we can — at least when it comes to saving money. We turned the early bird discount clock

The Station - Porsche IPO demand accelerates, California to ban new gas cars and more micromobility layoffs

Sunday, August 28, 2022

TechCrunch Newsletter TechCrunch logo The Transportation logo By Kirsten Korosec Sunday, August 28, 2022 Welcome back to The Station, your central hub for all past, present and future means of moving

Week in Review - Hackers access DoorDash data, T-Mobile teams up with SpaceX, and eBay buys TCGplayer

Saturday, August 27, 2022

TechCrunch Newsletter TechCrunch logo Week in Review logo By Greg Kumparak Saturday, August 27, 2022 Hello, hello! We're back with another edition of Week in Review, the newsletter where we quickly

Startups Weekly - When the party has confetti but no allergen-friendly appetizers

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TechCrunch Newsletter TechCrunch logo Startups Weekly logo By Natasha Mascarenhas Saturday, August 27, 2022 Welcome to Startups Weekly, a fresh human-first take on this week's startup news and

Meta's upcoming VR headset will track eye movements and capture facial expressions

Friday, August 26, 2022

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo By Christine Hall and Haje Jan Kamps Friday, August 26, 2022 Is it Friday again? All week we long for this day, and when it's here, you

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