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Today is Wednesday, June 15, 2022. As much as we love living in the now, we are really excited for tomorrow! Tomorrow on Twitter Spaces at noon PDT we will talk to our immigration expert Sophie (who shared today what is the best visa to start a startup). Click to set a reminder for you right now! We’ll also have our day online for TC: Climate sessions tomorrow, so tune in to that too if you’re a fan of our planet’s climate and coolness level. Woohoo! – Come on And Cristina
The TechCrunch Top 3
- They are fighting words: Dukaan, an Indian company that helps merchants build ecommerce businesses, is challenging Shopify, even getting dirty on Twitter, Handle relationships. The company’s goal is to accelerate website performance, saying Shopify’s speed and performance is causing merchants to lose sales if customers have to wait even a few extra seconds for sites to load.
- Who knew that market relationships were so profitable?: AlphaSense did it. The global pandemic combined with market uncertainty gave the company, which is a business intelligence search and analysis engine, the boost it needed to get $ 225 million in new funding. Ingrid writes. This not only gives AlphaSense a $ 1.7 billion valuation, but also shows that even in this counter-narrative environment, it’s still good for some.
- BNPL companies continue to get away with it: We can’t say if consumers will be the winners as so many companies offer “buy now, pay later”, but it’s fun to see them all try to do it against each other. The latest is PayPal, which is expanding its BNPL functionality with a monthly payment service, Will be tell us. This means that instead of taking 6 weeks to pay, users can now spread the payments over a period of 6 months to 24 months. But beware, customers can’t use it for a $ 30 t-shirt; purchases must be between $ 199 and $ 10,000.
Startup and VC
Unrelated to creative accounting and the cryptocurrency crash, Binance CEO Brian Shroder told employees yesterday that the company is “in the strongest possible position not only to successfully overcome this recession, but also to emerge as the crypto platform. leader in the United States “, Anita relationships.
Let’s take a walk in the land of startups, looking through the lens of TechCrunch’s reports over the last 24 hours or so:
- Vaporware, but not the bad kind: Puffco sports a fantastic pipe-like looking cannabis vaporizer called Proxy, priced at $ 299, opaque relationships.
- Is it scary? No: GreyNoise is a self-styled “anti-threat intelligence” company that essentially provides a spam filter for Internet threat alerts. Raised $ 15 million in funding, Carly relationships.
- Stacks of data, stacks of cash: DataStax hired Chet Kapoor as CEO in October 2019. It appears to have worked: The company today raised a $ 115 million round at a $ 1.6 billion valuation, Ron relationships.
- Is it play or is it learning? Trick question: they are both: edtech company Pok Pok raises $ 3 million to continue expanding its digital gaming experiences, Aisha relationships.
- Make parking a walk in the park: Kyle reports that the artificial intelligence-powered parking platform Metropolis parks a $ 167 million truck full of cash at its location. Okay, maybe not literally, but that would be great.
- Nothing to see here: Smartphone Hardware Launching Nothing anticipates the design of its new phone ahead of next month’s launch, it reports Natasha L.
Is consolidation on the horizon for the Southeast Asian tech industry?
The super app business model is paying dividends in Southeast Asia.
The offerings of Grab, the “Everyday App”, range from food delivery to investment services; Malaysia-based AirAsia has rebranded itself as Capital A as it expands its offerings to include car transportation, food delivery and more.
These companies aren’t building these new business units from scratch – they’re using strategic acquisitions to enter new markets and push back the competition.
“As more technology companies look to the super app business model to retain users and increase monetization, we may expect more inorganic expansion and consolidation in the coming years,” says Amit Anand, founding partner of Jungle Ventures.
(TechCrunch + is our membership program, helping founders and startup teams move forward. You can sign up here.)
Big Tech Inc.
For some time now, Discord, GitLab and other services in India and surrounding regions have been affected by a Cloudflare outage, Handle reported. It has now been fixed, but it is not yet known why it happened.
Have you heard enough from Apple’s WWDC? Good, Ivan he wants you to know what he thinks is one of the funniest new features to come out of there: Apple’s new picture cropping feature in iOS 16. He likes the ability to crop and lift unwanted sections with the push of a finger. And you can cut an image, which then turns it into a separate image that can be dropped into a messaging app like iMessage or WhatsApp.
Bottles are popping up on YouTube, where its YouTube Shorts have surpassed 1.5 billion registered monthly users less than 2 years after its launch. Will be writes that this shows it can compete with the likes of TikTok, which claimed to have 1 billion users as of September 2021.
Are you having enough or are you thirsty for more?