Daily Crunch - Indian startups raised a record $10.46 billion in the first half of 2021

TechCrunch Newsletter
TechCrunch logo
The Daily Crunch logo

Wednesday, July 07, 2021 By Alex Wilhelm

Hello and welcome to Daily Crunch for July 7, 2021! Today was a doozy, with everything from global startup fundraising news to frivolous lawsuits attacking tech companies all the way back to European unicorn liquidity. Hope you’re ready! Also, Early Stage is tomorrow. See you there! — Alex

Read More


The TechCrunch Top 5

  • Former U.S. president needs money: The previous U.S. president, Donald Trump, made a laughingstock of himself today by announcing lawsuits against major social media companies. His arguments were instantly ridiculed. But Trump is already fundraising off his attempt to slander private companies, the media and generally anyone who doesn’t bow to his wishes. That’s what today’s brouhaha was actually about.
  • Why Microsoft’s big cloud deal fell apart: We noted yesterday that the big Microsoft-U.S. military cloud deal was kaput. Today, Ron Miller explained why, namely that by trying to find a single vendor for the $10 billion deal, it was doomed from the start. Maybe the Department of Defense can figure out a multicloud approach. I bet there are a few startups willing to help if that’s the case.
  • India’s bonkers startup ecosystem: TechCrunch’s Manish Singh has been a force of nature since he joined, covering the Indian startup market with verve. Today he wrote “Dispatch from Banaglaore.” It’s amazing. Details include that India produced 16 unicorns this year and that its startups raised $10.46 billion in the first six months of 2021. Wild.
  • How European unicorns are looking for exits: U.S. companies are going public. European companies are going public. Chinese companies were going public. But the SPAC boom seems to be largely an American affair. Is that set to change? TechCrunch investigates.
  • $100M for mmhmm: Remember mmhmm, the startup that made neat Zoom tools earlier in the pandemic? It just raised a $100 million round. That’s a pile of ducats for the company. Let’s see what it can do with nine figures worth of capital. Also, Darrell’s headline was lovely for this piece — we awarded him 10 points.
The TechCrunch Top 5 image

Image Credits: Thitima Thongkham / Getty Images

Upgrade your B2B data onboarding

Sponsored by Flatfile

Flatfile intuitively makes sense of the jumbled data your users import, and transforms it into the format you rely on. No CSV templates. No clunky data importer. No expensive services teams hired to migrate data.

Read More


Sure, we had to expand the TechCrunch Top 3 to five entries, but that doesn’t mean that there wasn’t another mountain of news to cover. Here’s your startup and venture capital highlight reel:

  • Turning IRL surgery into a VR game: News broke today that Osso VR, a San Francisco-based startup, raised $27 million to “upend modern surgical instruction with a virtual-reality-based solution that allows surgeons to interact with new medical devices in 3D space.” That means we can train more surgeons faster, right? If so, this is good news.
  • In which Alex tried to cover developer tools. Again. Today r2c, a startup that is building a SaaS service around the Semgrep open-source project, raised a preemptive Series B. I wrote about it, trying to explain a developer cybersecurity tool in the process. I give myself a B-, mostly for effort. The round is cool, though.
  • Today’s Tiger deal is Unit21: It wouldn’t be a weekday without a Tiger-led deal, right? Unit21 announced that the ever-present investing group led a $34 million Series B into its business, valuing it at around $300 million. The no-code, anti-fraud startup raised its Series A less than a year ago.
  • Opioid-treatment apps are being a bit too free with their data collection: TechCrunch was not enthused.

Pakistan’s growing tech ecosystem is finally taking off

So far this year, startups in Pakistan are on track to raise more than in the previous five years combined, according to Mikal Khoso, an early-stage investor at Wavemaker Partners.

“Even more excitingly, a large portion of this capital is coming from international investors from across Asia, the Middle East and even famed investors from Silicon Valley,” he notes in a guest post for Extra Crunch.

He’s identified three factors that are fueling investor interest: rapidly expanding mobile connectivity, an improved security situation, and critical legal and regulatory changes that are making the country more startup- and VC-friendly.

Drawing a map of Pakistan’s tech ecosystem, Khoso identifies local companies trying to grab a slice of grocery delivery, e-commerce, ride-hailing and other sectors before examining the challenges still in place.

“The segments in Pakistan that are likely to attract the best entrepreneurs and most investor capital in the years to come will be fintech, e-commerce and edtech,” says Khoso.

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

Read More

Pakistan’s growing tech ecosystem is finally taking off image

Image Credits: shan.shihan / Getty Images

Big Tech Inc.

Still here? Good. There’s even more news to get through. Let’s talk big companies:

  • Satellite SPACs are here: Beep beep beep everyone, both Satellogic and Planet are going public via blank-check companies. Sure, you are tired of SPACs. But these deals are out of this world! Har har har.
  • $200M for Outbrain before it goes public: Ye olde bridge round is still a thing, it turns out. Outbrain, which TechCrunch described as “an adtech company that provides clickbait ads below news articles,” put together a huge round before its own debut.
  • India’s tech oversight is shaking up: Keep an eye on what comes next.

TechCrunch Experts: Growth Marketing

TechCrunch wants you to recommend growth marketers who have expertise in SEO, social, content writing and more! If you’re a growth marketer, pass this survey along to your clients; we’d like to hear about why they loved working with you.

If you’re curious about how these surveys are shaping our coverage, check out this interview Anna Heim did with Peep Laja: “To stay ahead of your competitors, start building your narrative on day one.”

Read More

TechCrunch Experts: Growth Marketing image

Image Credits: SEAN GLADWELL / Getty Images

TC Eventful 

If you’ve been waiting to get your ticket to TC Early Stage – Marketing & Fundraising, well today just might be your lucky day! We’re giving the first 10 Daily Crunch readers a free ticket to attend the event, which kicks off tomorrow. Simply click this link and select the free ticket type to redeem. But you’ll want to hurry because once they’re gone, they’re gone! Register now.

Read More

TC Eventful  image

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2021 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103

Older messages

Meet The Category Winners Headed To The XTC Global Finals on July 22

Saturday, July 10, 2021

The World's Largest Purpose-Driven Startup Competition Header Image: XTC Global Finals on July 22 We're excited to share the Category Winners headed to the Extreme Tech Challenge Global Finals

Daily Crunch - Indian food delivery startup Zomato will seek post-IPO valuation up to $8.6B

Saturday, July 10, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Thursday, July 08, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for July 8, 2021. Forget about Hot ___ Summer. It's Hot IPO

Rewriting the rules of internet infrastructure on the back of a napkin

Saturday, July 10, 2021

Extra Crunch Newsletter Extra Crunch logo Extra Crunch Roundup logo Friday, July 09, 2021 • By Walter Thompson and Annie Siebert Welcome to Extra Crunch Friday Image Credits: Nigel Sussman Did you see

Daily Crunch - European Union demands $1B penalty from VW, BMW for hiding emissions

Saturday, July 10, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Friday, July 09, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for July 9, 2021. We've made it to Friday, y'all, be proud.

Daily Crunch - Nothing sets July 27 rollout for noise-canceling Ear (1) earbuds

Tuesday, July 6, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Tuesday, July 06, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for July 6, 2021. We're back after a holiday here in the

[ DuckDuckGo Privacy Weekly ] For Jul 29, 2021

Thursday, July 29, 2021

Inside the Industry That Unmasks People at Scale [vice.com] "Anyone who has a phone and has installed an app that has ads, currently is at risk of being de-anonymized via unscrupulous companies.

Mid-Level Laravel Roadmap, Challenge and 30+ Articles

Thursday, July 29, 2021

Hey hey, Wow, this newsletter is so packed with stuff, I don't really know how you find the time to read/watch all the interesting things. So, without any intro, let's dive in! From my Youtube

[PythonistaCafe] Why PythonistaCafe exists

Thursday, July 29, 2021

Hey there, In one of my last emails I talked about how some online communities in the tech space devolve over time and turn into cesspools of negativity. This relates directly to how and why I started

A quick question...

Thursday, July 29, 2021

Hello there, I was hoping you could spare 15 seconds of your time and let me know why you decided to cancel your Real Python membership? Feel free to just hit reply and fire away. Thanks in advance! —

Slack isn't the best chat software for Linux, macOS, Windows

Thursday, July 29, 2021

Data breach costs hit record high; Delta variant is impacting office reentry plans Subscription | Read Online | Twitter Facebook LinkedIn Top Story of the Day July 28, 2021 Top Story of the Day The

Windows 96 — IPv4 pricing — and Capitol Hill's mystery soda machine

Wednesday, July 28, 2021

Issue #478 — Top 20 stories of July 29, 2021 Issue #478 — July 29, 2021 You receive this email because you are subscribed to Hacker News Digest. You can open it in the browser if you prefer. 1 Windows

Daily Crunch - $150M Series D vaults search-as-a-service provider Algolia to $2.25B valuation

Wednesday, July 28, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Wednesday, July 28, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for July 28, 2021. What a day. Duolingo went public. Algolia

JSK Weekly - July 28, 2021

Wednesday, July 28, 2021

July is on its way out, officially taking us into the second part of 2021. If you're interested in testing whether any characteristics of your application have changed, check out "Snapshot

JSK Daily for Jul 28, 2021

Wednesday, July 28, 2021

JSK Daily for Jul 28, 2021 View this email in your browser A community curated daily e-mail of JavaScript news Using BLoC Pattern with React Initially, the Business Logic Component (BLoC) pattern was

raywenderlich.com Weekly - Issue 322

Wednesday, July 28, 2021

raywenderlich.com Weekly Newsletter Issue 332 · Jul 28 2021 Hello there 👋 No matter whether you're working with iOS, Android or Flutter, we've got just the content you need. This week, your