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Welcome to the Daily Crunch on Thursday April 7, 2022! We want to start with a brief congratulations to FabuLinga for winning the pitch-off at TechCrunch City Spotlight (Austin Edition). Check out all of our City Spotlight content for a whirlwind tour of Austin’s startup scene.
TechCrunch’s top 3
- Tata Group embraces e-commerce with a super app: The Indian conglomerate known for its myriad of businesses, including software and telecommunications, has brought together all of its properties under one big hug, uh, “super app” called Tata Neu, which launched today to give to the company a little weight in e-commerce with offers such as groceries, electronics and hotels. We report that this has been in the works for at least three years and also includes a payment service for loans and insurance.
- Better.com’s layoff saga isn’t any better: TechCrunch has obtained a leaked video of a 12-minute meeting that took place with the remaining employees after 900 of their colleagues were laid off in December. In it, CEO Vishal Garg admits his lack of discipline may have cost the company some $200 million, saying, “Today we recognize that we have overhired and hired the wrong people. And in doing that, we failed. I’ve failed. … We probably could have made more money last year and been leaner, meaner and hungrier.
- When you learn it’s time to go public… the cloud, that is: Businesses have been moving to the cloud for some time now. However, when public transport system provider Amadeus saw the writing on the wall seven years ago, the company decided to embark on a journey that would prove arduous, but set it on the path. more efficient operation.
Startups and VCs
Ladies, gentlemen, and humans who fit neither of these descriptions today require every ounce of self-control. I want to point out that I didn’t make a terrible joke about the multiple meanings of “seed” regarding Conceive raising seed money. The company is building a community and services to support people trying to increase our global population, one tiny human at a time. Once Conceive was successful, Parentinc from Singapore jumped into the breach; he just raised $22 million for his parenting community and his D2C brand.
“The Folklore spotlights the best design talent through [Africa], and the demand for these products that reflect the culture is exploding,” the CEO of Folklore says of his $1.7 million fundraiser and the launch of a B2B fashion e-commerce platform. In Africa, too, we are seeing strong growth in gig workers and the sharing economy – and ImaliPay has just raised $3 million to help bring financial services to gig workers across the continent.
I have to admit, the only thing that terrifies me more than self-driving trucks (like the big rigs from Kodiak Robotics that have been driving non-stop for 131 hours) is self-driving heavy construction equipment. I saw “The Terminator” and I know how it ends.
Delicious bits of news fresh from TechCrunch:
3 ways deep tech founders can get out of pilot purgatory
Because so many high-tech startups operate at the cutting edge of technology, founders in this space have a harder time raising funds, acquiring customers, and adapting to the product market.
Many of these companies will stop early because they never move from the pilot stage to full-scale deployment. “This is a large, widespread, and industry-specific problem,” says Champ Suthipongchai, co-founder and general partner of Creative Ventures.
“While I don’t presume to have a silver bullet, I do know three ways deep tech founders can ensure their time in pilot purgatory ends with a deployment.”
(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can join here.)
Big Tech inc.
It’s Major League Baseball’s opening day, and while we were eating our peanuts and our Cracker Jack (which also has peanuts in it, but we digress), we saw Big Tech companies rolling out of the park today. today. General Motors picked Opening Day to announce the Bolt was back after a giant recall, while streaming services line up their bats to get live sporting events on their platforms.
Speaking of streaming services, HBO Max’s Apple TV app is getting an upgrade to address some of the performance issues users are experiencing and to debut new features including a “binge mode” that lets you skip the end credits and start the next episode of A TV Series. Spotify has unveiled new features and functionality for its “Car Thing” in-car entertainment system, such as call handling and music playback from other media. Meanwhile, TikTok has again pushed back the opening of its first UK data center, which will be in Dublin, citing a delayed schedule due to the global pandemic.
We’re almost sated with everything we’ve eaten, but here are a few more crumbs you might enjoy: