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India’s most valuable startup buys US-based digital reading platform Epic for $500M – TechCrunch

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Hello and welcome to the Extra Crunch on July 21, 2021. This is a good day for crypto fans, with major coins recovering to some extent from their recent lows. However, Bitcoin and Ether remain depressed in the 7-day time frame. And the stock market is rising today. What more can I ask for on Wednesday? Now, what about the huge execution of startup and tech news? We can do it! — — Alex

TechCrunch Top 3

  • Clubhouse will leave beta: Clubhouse, a lively live audio startup that captivated the tech world earlier this year, isn’t in beta. Given the work Twitter has done with Spaces products, this move seems to be lagging, but it’s still welcome. The data show that Clubhouse is spending a moment in India, the main tech market, as Daily Crunch discussed malicious intent.
  • Tumblr becomes a pro: Does it feel like a comeback story? Tumblr is certainly so. Part of Verizon (and still the parent of TechCrunch’s parent) after being liquidated as part of Yahoo thanks to a $ 1.3 billion deal and after the company Purchased an online portal giant, It Sold to Automattic for the song.. Now we want to take part in the creator economy boom by allowing users to install paywalls. We’re here for that — combined with a healthy Tumblr, the internet will be even more fun.
  • Byju’s is coming to America: Indian education and engineering superstar Byju’s is coming to the United States following Epic’s newly announced $ 500 million deal, which TechCrunch describes as a “California-based reading platform.” The educational technology market is hot and we have known for a long time. Duolingo IPO is also mixed, So Sololearn’s recent $ 24 million round, A startup that wants to adopt the Duolingo model and apply it to learning code.

Startup / VC

Thanks to the rhythm of supercharged venture capital around the world, we can talk a lot from the startup world today. If you are monitoring a Robinhood IPO, Click here for the latest memo.. Let’s start with the latest information on FinTech and talk about technology starters and private capital.

Fintech

  • Lending a startup upgrade involves crypto: In 2019, TechCrunch turned to Upgrade, a consumer lending startup by LendingClub founder Renaud Laplanche. Today, startups have released a credit card with Bitcoin rewards. If you need a little more Satoshi equivalent to $ BTC and want to create credits, this may be a good choice.
  • No code + payment = WhenThen: Its latest $ 6 million round shows when Then’s no-code payment service isn’t having a hard time explaining itself to investors. According to a report from its service, TechCrunch, customers can “autonomously coordinate, monitor, improve and manage payments and payment operations for all customers.” The no-code element may mean that it’s a bit more familiar to non-developers. We will rate this idea on a scale of 10.
  • An additional $ 118 million for corporate spending management: Here in the United States, corporate spending wars are at the forefront of having Lamp vs. Air Force vs. Brex. However, that does not mean that the general model of merging corporate cards and software to help businesses manage the overall distribution of funds is fully understood. Especially in a global context. And now Spendesk has a new € 100 million in its account to spend on entering the EU market. Which service will you use to track those costs?

software

  • Sequoia Capital India favors outplay: The new $ 7.3 million investment will reinforce the startup’s commitment to “helping outbound sales teams expand their campaigns.”
  • Hello, what’s the future of spreadsheets? Spreadsheet.com wants to overturn the idea of ​​turning spreadsheet usage into a targeted app. Instead, the startup wants to put the app in a spreadsheet. And its general release is scheduled for October of this year.
  • Australia wants to help the D2C brand develop big tech habits. Sydney-based Okendo raises $ 5.3 million in new capital to help brands “enhance the quality of their data and ease their reliance on tech advertising kingpins for customer acquisition and engagement.” I want to Wear a hat if they can manage it.

Some final notes to conclude the startup’s coverage.Pangea Raised $ 68 million for a men’s personal care brand.. That’s cool.But don’t confuse it Pangea based in Providence, Rhode Island, A recent Y Combinator graduate, with some news. We’ll talk more about that soon.

If you want to dig deeper into the latest and latest business books The equity team recently talked with one of the authorsOur cultChat everything on WeWork.

These simple metrics indicate if the startup is ready to scale

Some early-stage startups are tempted to claim that their market development strategy is fully functional. In reality, GTM is a complete number game, and even with a solid plan, it can easily fail due to common problems such as turf fights and lack of communication.

Finding GTM suitability is a milestone for any startup, from expanding its engineering team to starting its first media purchase. But how do you know when you reached that magical moment?

“We need to consider three metrics: total churn rate, magic number, and gross profit,” said Tae Hea Nahm, co-founder and managing director of StormVentures.

A high churn rate means that the customer is not happy, and a low gross margin means that the unit is less economical.

“You can calculate the new ARR by dividing it by your marketing and sales spending,” says Nahm. “But keep in mind that magic numbers are a lagging indicator and it can take several quarters to get good results.”

(Extra Crunch is our membership program that helps founders and start-up teams move forward. You can sign up here.. )

Big Tech Co., Ltd.

  • Do you remember Alexa? Amazon still wants you to build for it: Amazon’s voice assistant wants developers to build for it. To attract the love of more developers, Amazon has released many new features of the service. Frankly, we’re mildly skeptical given the slow pace of intelligence growth we’ve experienced with Alexa, Siri, Cortana, and Google’s “OK Google” setup.
  • Can Ford, Argo and Lyft make self-driving taxis work? Recall that Google’s Waymo taxi service exists and operates, albeit micro, compared to the horseback riding networks sports by Uber and Lyft. Currently, the car company Ford. Argo, self-driving concerns; Lyft, a ride-haling initiative, said, “In the next five years, including Miami and Austin, Lyft’s ride-hailing network will launch up to 1,000 self-driving cars in many cities. It’s a schedule.”

TechCrunch Experts: Growth Marketing

Illustration montage based on blue education and knowledge

Image credit: Sean Gladwell (Opens in a new window) / Getty Images

TechCrunch wants to recommend growth marketers with expertise in SEO, social, content creation, and more.If you are a growth marketer, give this Research Along with your clients; I would like to ask why they liked to work with you.

If you want to know how these surveys shape our coverage, check out this interview with Miranda Harpan’s Marketing Cube founder Mayam Farek.Customer-centric startup lessons by Marketing Cube founder Maya Moufarek.. “



India’s most valuable startup buys US-based digital reading platform Epic for $500M – TechCrunch Source link India’s most valuable startup buys US-based digital reading platform Epic for $500M – TechCrunch

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