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Cartona will use $12M Series A to expand its Egypt-based, B2B e-commerce platform – TechCrunch

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Happy new week! Christine has taken a well-deserved break, so you’ll have to put up with a double dose of my horrid puns and worse headline shenanigans for a while.

Oh! And we’re having a live Q&A session on Twitter Spaces tomorrow at 12pm PT on what a 409A is and why you should care. Our own Natasha Mascarenhas and Anita Ramaswamy will be speaking to Sumukh from AngelList and Phil from Equityzen. You can set a handy reminder here. – hey

The TechCrunch Top 3

  • Vertical Exploration: “In a market like Egypt, retailers don’t agree with the concept of paying [buy now pay later] with interest at the end of the month. They prefer that it’s part of the product pricing and that it’s embedded in the order cycle, which makes us a little different,” said Cartonas CEO dayshow The company raises $12 million.
  • Snap snaps in half: Snap was hit after releasing its Q2 results and investors get none of it. The stock plunged 40% on Friday, and investors adjusted their expectations for the once-happiness social media platform. Luke reports.
  • Health Prime? Amazon bought medical provider One Medical for nearly $4 billion. If you scratch your noggin while doing this, Alex, miranda and Walter to have Drei takes on why and how that makes sense on TechCrunch+.

Startups and VCs

Since its inception nine years ago, Seedstars has invested in 81 companies in over 30 emerging markets. Now the company has set itself a goal Investments in 100 more startups with the launch of its second emerging market seed stage fund, Catherine reports.

BAI Capital, the long-established China-focused venture investment firm formerly known as Bertelsmann Asia Investments, has done so raised US$700 million to support Chinese companies that are part of the country’s structural reform and those expanding overseas Rita.

Dewin reviews The Framework modular laptop computer. “The Framework isn’t necessarily trying to get people who are already crazy about DIY to go upscale — it’s about capturing people who would like a little more flexibility and reusability, but aren’t able to do that with mainstream devices.” can find”: I thought that helped cement the target audience a bit. If this sounds like you, read it!

Go ahead, take some more:

  • Not so sure news: Popular video calling and messaging app JusTalk claims to be both secure and encrypted. But the app has proven a security gap neither secure nor encrypted after finding a huge cache of unencrypted private messages from users online, Zack reports.
  • Working remotely or not working remotely: 77% of managers said they would consider firing employees or reducing their pay if they refused to return to the office. Allwhere starts secretly to help companies better manage their remote workforce, kyle reports.
  • Mister? Is that your lead balloon? Zomato’s shares fell as sharply as 14% to a record low on Monday, the end of the lockup period for investors in the company prior to the IPO, Manic reports.
  • Find all solutions at once: World Fund, a newcomer in climate VC, takes the lead in a $128 million round for IQMhoping that the Finnish quantum computer company will one day achieve megaton-level carbon savings, Harry reports.
  • You have the power: Perfect for people who want to charge multiple high-draw devices at the same time, Anker’s new GaNPrime charger delivers up to 150W of power I signed up today.

How Ecommerce Brands Can Survive This Market Slump

Lifeguard; Ecommerce Survival Decline

Photo credit: Roc Channels (opens in a new window) /Getty Images

Inflation has risen and consumer confidence has fallen, so e-commerce startups hoping to weather the ongoing downturn should expand their product offerings. Does that sound counterintuitive?

“The more complementary and additional a product is to your catalogue, the larger your shopping cart will be and the more likely a customer is to return,” says Bennett Carroccio. Prior to co-founding Canal, he worked with hundreds of companies as a Consumer Investment Partner at Andreessen Horowitz.

In this TC+ post, he identifies two cost centers that are easiest to control and shares three tactics to “fight off the brand cup hype”.

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)

BigTech Inc.

Big tech – including Facebook and Google – have signed a pact to self-regulate over harmful content shared on digital platforms in New Zealand. Critics say it is a “Weak attempt to forestall regulation”reported Paul

Rita reports exciting news for self-driving car lovers – there are many autonomous vehicles being tested on the streets of Shenzhen today: Pony.ai, Baidu, DeepRoute, AutoX, you name it. To date, these vehicles have not been the unmanned vehicles that tech upstarts envision for the future. That will change starting August 1, as driverless cars become legal in Shenzhen, China.

Also in the land of automotive Cruise is delivering on its promise to launch an autonomous driving service in Dubai. Just weeks after the General Motors-backed AV company officially launched its commercial driverless operation in San Francisco, Cruise has sent two of its autonomous vehicles to Dubai to begin mapping the city in preparation for a planned launch in 2023 start. Rebecca reports.

More, more, more and more:

Something spicy for the mouse: In the US, Disney+ releases a series of R-rated movies, as “Deadpool”, “Deadpool 2” and “Logan” make it onto the streaming platformwrites Lauren.

Cartona will use $12M Series A to expand its Egypt-based, B2B e-commerce platform – TechCrunch Source link Cartona will use $12M Series A to expand its Egypt-based, B2B e-commerce platform – TechCrunch

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