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Hello and welcome to Everyday Crunch for July 16, 2021. A PSA: Just a few of us at TechCrunch took a while this week to chat about funding rounds, covering them and how startups may perhaps perhaps perhaps stand out. If that’s your kind of thing, it’s doubtless you’ll examine out the chat here. OK, news time! — Alex
The TechCrunch Top 3
- The Zomato IPO: Indian unicorn Zomato’s IPO had an right flee this week, raising a total bunch money and most continuously being oversubscribed. TechCrunch also dug into what the first unicorn offering in the nation may perhaps perhaps perhaps mean for plenty of high-priced startups in the nation. For more on the firm’s finances, head here.
- Intel’s mountainous take? Advantage in the US, news broke this week that aging chip giant Intel may perhaps perhaps perhaps dish out $30 billion for GlobalFoundries. That’s a variety of cash. The deal may perhaps perhaps perhaps attend invent Intel a rotund-stack chipmaker able to invent silicon for, effectively, true about anything. Extra ability for manufacturing during a world chip shortage wouldn’t be so heinous, true?
- What’s subsequent for Virgin Galactic: Our bear Devin Coldewey got a while with the president of Virgin Galactic to chat in regards to the vogue ahead for the firm after its most up-to-date jaunt to location (or nearly about location, depending on how you measure). It appears to be like the firm expects to reuse its location airplane a total bunch of instances. That ought to invent for relatively dazzling economics, we reckon.
- Blend is no longer any longer a startup: Banking tech unicorn Blend went public this week. It’s now worth $4 billion or so, more than its final inner most round. So defend in mind the firm no longer easiest no longer a startup, however also no longer a inner most unicorn. Blend’s tool powers the mortgage option in a kind of apps, making it a firm which that you would have the ability to no longer gain heard of however will gain feeble.
- Halla raises $4.5M to attend bet what you are going to eat: Buying groceries online is mountainous business. Amazon is into it. It’s Instacart’s core remit. And European grocery shipping companies and products were raising oodles of cash. Halla desires to attend these companies sell more stuff by “using human habits to lead purchasers to meals objects they wish while also discovering novel ones as they store online.”
- Rivian once again delays EV deliveries: The global chip shortage — gape our earlier designate regarding Intel — is showing up in a bunch of locations, including Rivian’s ramp in the direction of business production of its electric vehicles. Other points are holding the firm up, however this chip shortage is an right kettle of fish for companies of all sizes and shapes.
- Yummy desires to obtain Venezuela’s superapp: Then there’s Yummy, which true raised a $4 million round. It has mountainous aspirations: rush-hailing, shipping and more. The superapp mannequin will were spearheaded in Asia, however it certainly’s going global. Yummy will want more than $4 million to obtain it, then again. So if things slide effectively, request the firm to take again in immediate expose.
From our most up-to-date Early Stage match, we gain now something novel in your enjoyment: Cleo Capital’s Sarah Kunst explains how one can obtain able to take your subsequent round.
Outdoorsy co-founders element how they expanded the sharing economy to RVs
Seven years ago, ad govt Jen Young and tech entrepreneur Jeff Cavins stepped away from the careers they’d constructed to originate Outdoorsy, an RV rental market.
Last month, they introduced a partnership with high-finish camping firm Collective Retreats and raised a $90 million Series D and $40 million in debt to tempo up an already spectacular price of relate.
To study more about their components to building a transportation firm that caters to of us who crave a taste of nomadic existence, Rebecca Bellan interviewed Young and Cavins for Additional Crunch.
Their dialog explored the impacts of COVID-19, their business design and why they determined to win on $30 million in debt financing:
Jeff Cavins: We employ to examine at macro dispositions as a business and I think U.S. monetary coverage is going to obtain us all in a itsy-bitsy little bit of anguish. So we wished to lock in a credit ranking facility for the firm at advantageous phrases.
(Additional Crunch is our membership program, which helps founders and startup teams obtain ahead. You’ll have the ability to register here.)
Colossal Tech Inc.
- FedEx pours $100M into Delhivery: First, we luxuriate in the title 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 no longer merely for its domestic investors and founders, however also for global brands.
- Paytm is going public: Indian fintech giant Paytm has filed to head public. We’re including it in this allotment of the newsletter on yarn of, as we reported, the inner most firm “plans to take up to $2.2 billion in an initial public offering.” That’s a plentiful, plentiful sum of cash. It’s laborious to call Paytm a startup when it’s raising a couple of venture capital funds’ worth of capital in a single slide.
- Tumblr’s parent firm buys Pocket Casts: Automattic, well-known for WordPress and the owner of what’s left of Tumblr, is buying standard podcasting carrier Pocket Casts. It’s no longer no longer doable to gape how a publishing platform may perhaps perhaps perhaps integrate with a podcasting carrier, yeah?
To shut us off from the arena of Colossal Tech backing money, this from Connie Loizos: Former VCs turn to emerging managers for deal waft and, in some instances, novel companions.
TechCrunch Specialists: Development Marketing
We interviewed Kathleen Estreich, formerly of Intercom, Field, Fb and Scalyr, and Emily Kramer, formerly of Asana, Carta, and Astro (got by Slack), as allotment of TechCrunch Specialists. We’re taking this dialog to Twitter Areas on Tuesday, July 20, at 5 p.m. EDT. Join TechCrunch’s Danny Crichton and the MKT1 team as they dive additional into the relate marketing dispositions they’re seeing.