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Manish Singh @ TechCrunch · 12/08/2020 03:39 EDT

DealShare raises $21 million to expand its e-commerce platform to 100 Indian cities and towns

DealShare, a startup in India that has built an e-commerce platform for middle and lower income groups of consumers in the world’s second largest market, said on Tuesday it has raised $21 million in a new financing round. WestBridge Capital led the Series C round of the three-year-old Bangalore-headquartered startup. Alpha Wave Incubation, a venture [
] Read more â€ș

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TechCrunch
Steve O'Hear @ TechCrunch · 12/08/2020 03:30 EDT

Outfund, the revenue-based finance provider for online businesses, raises ÂŁ37M

Outfund, the revenue-based finance startup that wants to help online businesses fund growth without giving away equity, has raised ÂŁ37 million in a “late seed” investment. A mixture of debt and equity, the round is led by Fuel Ventures, alongside TMT Investment. Outfund says it will use the funds to offer larger financing to more [
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TechCrunch
Connie Loizos @ TechCrunch · 12/08/2020 03:08 EDT

Wish wants to be the Amazon for the rest of us; will retail investors buy it?

Most people know Wish as a site that sells throwaway doodads from China, but in anticipation of its impending IPO, the ten-year-old, San Francisco-based company has begun portraying itself as a kind of Amazon for the rest of us. Judging by what we’ve read and heard from sources in recent months, Wish wants to paint [
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TechCrunch
Romain Dillet @ TechCrunch · 12/08/2020 01:00 EDT

Lemonade launches its renters insurance in France

Lemonade is launching its renters insurance in France. This is the company’s third European launch after the Netherlands and Germany. Originally from the U.S., Lemonade is now a public company with a current market capitalization close to $4 billion. Lemonade will compete directly with a local competitor called Luko. Both companies share a lot of [
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TechCrunch
Catherine Shu @ TechCrunch · 12/08/2020 00:54 EDT

E-commerce fulfillment platform Shippit raises $22.2 million led by Tiger Global

Shippit, a Sydney, Australia-based e-commerce logistics platform, will expand in Southeast Asia after closing a $30 million AUD (about $22.2 million USD) Series B led by Tiger Global, with participation from Jason Lenga. Founded in 2014, Shippit’s technology automates tasks related to order fulfillment, including finding the best carrier for an order, tracking packages and [
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TechCrunch
Manish Singh @ TechCrunch · 12/08/2020 00:01 EDT

Spam calls grew 18% this year despite the global pandemic

Despite several efforts from carriers, telecom regulators, mobile operating system developers, smartphone makers, and a global pandemic, spam calls continued to pester and scam people around the globe this year — and they only got worse. Users worldwide received 31.3 billion spam calls between January and October this year, up from 26 billion during the [
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TechCrunch
Ingrid Lunden @ TechCrunch · 12/08/2020 00:00 EDT

GoHenry, a pre-paid card and finance app for 6-18 year olds, raises $40M

Young people have long been a prime, if especially careful, target for financial services companies: find the right and responsible way to connect with them, and you could have a good customer for many years. Today, one of the startups building services specifically for those under 18 is announcing a round of growth funding, money [
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TechCrunch
Steve O'Hear @ TechCrunch · 12/08/2020 00:00 EDT

Getsafe, the European digital-first insurance startup, scores $30M Series B

Getsafe, the digital-first insurance startup that initially launched with an app for home contents insurance, has closed $30 million in Series B funding. Swiss Re, the reinsurer giant, led the round. Existing investors, including Earlybird and CommerzVentures, also participated. Getsafe has raised a total of $53 million to date since being founded in May 2015. [
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TechCrunch
Catherine Shu @ TechCrunch · 12/07/2020 22:00 EDT

Second federal judge rules against Trump administration’s TikTok ban

Another federal judge has issued a preliminary injunction against U.S. government restrictions that would have effectively banned TikTok from operating in the United States. The ruling (embedded below) was made by U.S. District Court Judge Carl Nichols in a lawsuit filed by TikTok and ByteDance against President Donald Trump, Secretary of Commerce Wilbur Ross and [
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TechCrunch
Mike Butcher @ TechCrunch · 12/07/2020 19:15 EDT

Bristol entrepreneur who exited for $800M doubles-down on the city with deep-tech incubator and VC fund

Harry Destecroix co-founded Ziylo while studying for his PhD at the University of Bristol. Ziylo, a university spin-out company, developed a synthetic molecule allowing glucose to bind with the bloodstream more effectively. Four years later, and by then a Phd, Destecroix sold the company to Danish firm Novo Nordisk, one of the biggest manufacturers of [
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TechCrunch
Devin Coldewey @ TechCrunch · 12/07/2020 19:11 EDT

This tiny drone uses an actual moth antenna to sniff out target chemicals

Sometimes it’s just not worth it to try to top Mother Nature. Such seems to have been the judgment by engineers at the University of Washington, who, deploring the absence of chemical sensors as fine as a moth’s antennas, opted to repurpose moth biology rather than invent new human technology. Behold the “Smellicopter.” Mounted on [
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TechCrunch
Anthony Ha @ TechCrunch · 12/07/2020 18:12 EDT

Daily Crunch: Google smart speakers add Apple Music support

You can listen to Apple Music on your Google Nest device, Apple is working to top Intel with its next set of chips and Cisco acquires Slido. This is your Daily Crunch for December 7, 2020. The big story: Google smart speakers add Apple Music support Google announced this morning that devices including the Nest [
] Read more â€ș

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TechCrunch
Anthony Ha @ TechCrunch · 12/07/2020 18:06 EDT

Fitness startup Aarmy reinvents itself for a remote fitness world

Like a lot of startups, Aarmy faced some big challenges when the pandemic forced widespread shutdowns in March. Up until then, Aarmy was offering in-person fitness classes from its locations in New York and Los Angeles. Trey Laird, who founded the startup with trainers Akin Akman (chief fitness officer) and Angela Manuel-Davis (chief motivation officer), [
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TechCrunch
Devin Coldewey @ TechCrunch · 12/07/2020 17:01 EDT

Cyberpunk 2077: A retro-futuristic fantasy with huge potential – if you can ignore the Cyberjank

Practically speaking, it’s nearly impossible to offer a real review of Cyberpunk 2077, the long-awaited follow-up to The Witcher 3 from developer CD Projekt Red. In the first place, it’s so big that the few days I’ve had with it aren’t enough to realistically evaluate the game; second, it’s so buggy and janky now that [
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TechCrunch
Kirsten Korosec @ TechCrunch · 12/07/2020 16:05 EDT

Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B

Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25 billion following [
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TechCrunch
Anthony Ha @ TechCrunch · 12/07/2020 16:00 EDT

Odysee aims to build a more freewheeling, independent video platform

Odysee is a new video site that CEO Jeremy Kauffman said was created to recapture some of the freedom and independence of the internet he grew up with — an internet where “anyone could speak and anyone could have a voice.” Kauffman argued that since then, the internet has become “very corporate,” with a small number [
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TechCrunch
Greg Kumparak @ TechCrunch · 12/07/2020 15:35 EDT

Quell raises $3M to turn home fitness into a game

Do people want their at-home fitness to come in video game form? The incredible popularity of games like Ring Fit Adventure suggests yes. London-based startup Quell thinks it’s just the beginning for this genre, and they’ve raised a $3M seed round to help prove it. At the core of Quell’s gameplay is the “Gauntlet” — a [
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TechCrunch
Jonathan Shieber @ TechCrunch · 12/07/2020 15:30 EDT

Sidewalk Infrastructure Partners looks to make CA power grids more reliable with a $100 million investment

Sidewalk Infrastructure Partners, the investment firm which spun out of Alphabet’s Sidewalk Labs to fund and develop the next generation of infrastructure, has unveiled its latest project — Reslia, which focuses on upgrading the efficiency and reliability of power grids. Through a $20 million equity investment in the startup OhmConnect, and an $80 million commitment [
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TechCrunch
Mike Butcher @ TechCrunch · 12/07/2020 14:54 EDT

Eco-conscious car subscription platform Finn.auto raises $24.2M, with White Star and Zalando founders

finn.auto — which allows people to subscribe to their car instead of owning it, and offsetting their CO2 emissions — has raised a $24.2M / €20M Series A funding round. White Star Capital (which has also invested in Tier Mobility), and the Zalando co-CEOs Rubin Ritter, David Schneider and Robert Gentz are new investors in [
] Read more â€ș

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TechCrunch
Sarah Perez @ TechCrunch · 12/07/2020 14:40 EDT

Twitter users complain of timelines being overrun with ‘Promoted Tweets’

Twitter’s timeline is currently overrun with ads for some users, in what appears to be a glitch involving the distribution of Promoted Tweets. Typically, a Promoted Tweet — which is just a regular tweet an advertiser has paid to promote more broadly — will appear just once at the top of a user’s timeline, then [
] Read more â€ș

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