Daily Crunch - FedEx invests $100M in Indian logistics giant Delhivery

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Friday, July 16, 2021 By Alex Wilhelm

Hello and welcome to Daily Crunch for July 16, 2021. A PSA: A few of us at TechCrunch took some time this week to chat about funding rounds, covering them and how startups might stand out. If that’s your sort of thing, you can check out the chat here. OK, news time! — Alex


Image Credits: Joel Saget / Getty Images

The TechCrunch Top 3

Why Companies Need Data Science, Machine Learning and AI Platforms

Sponsored by Dataiku

Enterprise AI is at peak hype, yet AI has yet to fundamentally change most businesses. For the most part, those that have been successful have democratized the use of data throughout the organization. But how can everyone else catch up?

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  • Blend is no longer a startup: Banking tech unicorn Blend went public this week. It’s now worth $4 billion or so, more than its final private round. So consider the company not only no longer a startup, but also no longer a private unicorn. Blend’s software powers the mortgage option in other apps, making it a company that you may not have heard of but may have used.
  • Halla raises $4.5M to help guess what you are going to eat: Buying groceries online is big business. Amazon is into it. It’s Instacart’s core remit. And European grocery delivery services have been raising oodles of money. Halla wants to help those companies sell more stuff by “using human behavior to steer shoppers to food items they want while also discovering new ones as they shop online.”
  • Rivian once again delays EV deliveries: The global chip shortage — see our earlier note regarding Intel — is showing up in a host of places, including Rivian’s ramp toward commercial production of its electric vehicles. Other issues are holding the company up, but this chip shortage is a real kettle of fish for companies of all shapes and sizes.
  • Yummy wants to build Venezuela’s superapp: Then there’s Yummy, which just raised a $4 million round. It has big aspirations: ride-hailing, delivery and more. The superapp model may have been spearheaded in Asia, but it’s going global. Yummy will need more than $4 million to build it, however. So if things go well, expect the company to raise again in short order.

From our recent Early Stage event, we have something new for your enjoyment: Cleo Capital’s Sarah Kunst explains how to get ready to raise your next round.

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Startups/VC image

Image Credits: Steve Jennings/Getty Images for TechCrunch

Outdoorsy co-founders detail how they expanded the sharing economy to RVs

Seven years ago, ad executive Jen Young and tech entrepreneur Jeff Cavins stepped away from the careers they’d built to launch Outdoorsy, an RV rental marketplace.

Last month, they announced a partnership with high-end camping company Collective Retreats and raised a $90 million Series D and $40 million in debt to speed up an already impressive rate of growth.

To learn more about their approach to building a transportation company that caters to people who crave a taste of nomadic existence, Rebecca Bellan interviewed Young and Cavins for Extra Crunch.

Their conversation explored the impacts of COVID-19, their business strategy and why they decided to take on $30 million in debt financing:

Jeff Cavins: We like to look at macro trends as a business and I think U.S. monetary policy is going to get us all in a little bit of trouble. So we wanted to lock in a credit facility for the company at advantageous terms.

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

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Outdoorsy co-founders detail how they expanded the sharing economy to RVs image

Image Credits: Bryce Durbin

Big Tech Inc.

  • FedEx pours $100M into Delhivery: First, we love the name for the Indian logistics startup. It’s rumored to be heading for an IPO this year. The deal underscores how key the Indian market is proving to be not merely for its domestic investors and founders, but also for global brands.
  • Paytm is going public: Indian fintech giant Paytm has filed to go public. We’re including it in this section of the newsletter because, as we reported, the private company “plans to raise up to $2.2 billion in an initial public offering.” That’s a huge, huge amount of money. It’s hard to call Paytm a startup when it’s raising a few venture capital funds’ worth of capital in a single go.
  • Tumblr’s parent company buys Pocket Casts: Automattic, famous for WordPress and the owner of what’s left of Tumblr, is buying popular podcasting service Pocket Casts. It’s not impossible to see how a publishing platform might integrate with a podcasting service, yeah?

To close us off from the world of Big Tech backing money, this from Connie Loizos: Traditional VCs turn to emerging managers for deal flow and, in some cases, new partners.

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TechCrunch Experts: Email Marketing

We interviewed Kathleen Estreich, formerly of Intercom, Box, Facebook and Scalyr, and Emily Kramer, formerly of Asana, Carta, and Astro (acquired by Slack), as part of TechCrunch Experts. We’re taking this conversation to Twitter Spaces on Tuesday, July 20, at 5 p.m. EDT. Join TechCrunch’s Danny Crichton and the MKT1 team as they dive further into the growth marketing trends they’re seeing.

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TechCrunch Experts: Email Marketing image

Image Credits: Kathleen Estreich and Emily Kramer

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[Next Week] XTC Global Finals - Powering The Future Through Transformative Tech

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TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Wednesday, July 14, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for July 14, 2021. We have a jam-packed newsletter for you today

What do Slack, Dopper Labs, Coinbase and Duolingo have in common?

Friday, July 16, 2021

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TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Thursday, July 15, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for July 15, 2021. Good news from the TechCrunch front: The

Twilio’s Second Act

Thursday, July 29, 2021

Twilio rode its API to a $66B valuation. Now it's trying to become the Universal Switchboard for the internet. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Krispy Kreme is making an official Xbox doughnut

Thursday, July 29, 2021

Now available on your smart speaker and wherever you get your podcasts Apple Podcasts | Spotify | Google Play | iHeart Radio It's Thursday, July 29, 2021. As part of new restrictions on sexual

PHPWeekly July 29th 2021

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Curated news all about PHP. Here's the latest edition Is this email not displaying correctly? View it in your browser. PHP Weekly 29th July 2021 Hi Everyone. Hope you are having a great week so far

SpaceX's launch tower 🚀, TikTok Live 📱, oldest animal fossil 🪨

Thursday, July 29, 2021

SpaceX plans to use a giant tower with arms to catch its rockets. TLDR Daily Update 2021-07-29 Skiff is end-to-end encryption for your work (Sponsor) Keep your documents private with Skiff. Skiff is an

[ DuckDuckGo Privacy Weekly ] For Jul 29, 2021

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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

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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

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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