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Daily Crunch: Flipkart raises $3.6 billion, setting another record for Indian startups

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Hello and welcome to Daily Crunch for July 12, 2021. You likely spend yesterday watching a football match, watching a cavity airliner or both. We have a little bit more on the latter than the onetime today in the newsletter, but we can all agree with this irrespective of whether “youre gonna” curl an English or Italian pennant yesterday. — Alex

The TechCrunch Top 3

Flipkart now worth $37.6 B :~ ATAGEND An anticipated investment into Flipkart has come to be, with the Indian e-commerce player farm some $3.6 billion in a single cope. It’s a massive round and a huge endorsement of the larger Indian startup ecosystem. Now we have just to wait for the company to go public! Virgin Galactic goes to space( primarily ): Quite a few folks tuned into the Virgin Galactic rocket-plane space dalliance this weekend. The product had a few hiccoughs and more than a few self-indulgent moments that is likely to be revised out, but mainly went off without a hitch. The recently SPAC’d former startup immediately decided to raise a half-billion dollars after its success. Unlike its cavity tourism vehicle, nonetheless, shares of Virgin Galactic did not take off on the news. Let the billionaires campaigned : Your humble slave jump into the controversy adjacent the present contest between many billionaires improving space companies and fighting to be the first to various seat undertakings. Tax the rich, I envisage, but tell them fight it out in the meantime.

Startups/ VC

We have our regular inventory for financing rounds in a moment, but today we’re kicking off our startup coverage with this headline from earlier today: “Elevate Brands banks $250 M to roll up third-party sellers selling on Amazon’s marketplace.”

The headline should feel somewhat familiar as we’ve seen comparable bits of word from other groups. As our own Ingrid Lunden reports, we’ve seen similar slews from Thrasio, The Razor Group, Branded, SellerX, Perch and others. The hypothesi of buying up smaller Amazon retailers is such a potentially lucrative gamble that kajillions of dollars are flooding the zone. How many champions that we will see is the next question.

Now, back to our regularly scheduled programming 😛 TAGEND

Gembah wants to become commodity innovation easier : The Austin-based startup now has $11 million to follow its see. How does it go about engagement the fact-finding mission? By building a scaffold/ mart that helps navigate consumers through the work of product creation. Did we need more substance? Probably. Gembah wants to help. India’s next tech IPO : This time it’s MobiKwik, a mobile purse startup that is targeting a $255 million IPO. We have some of its financials, including that revenue in its most recent fiscal year dipped to $40.5 million. So, it’s a smaller company, but we do love see IPOs regardless of their scale.

To close out startup coverage today, forge playthings. If you’ve been on Twitter today there’s a good chance that you’ve interpret folks announcing photographs of dolls that look like miscarried tech commodities. Think Theranos’ unit or the Juicero machine.

TechCrunch Grand Duke Matthew Panzarino wrote that an “idea factory/ artistry house” called MSCHF is starting the “hardness of hardware” more real by selling Dead Startup Toys made of vinyl.

Don’t laugh. This is actually moderately elegant. Think of this: Don’t you miss a phony, small-minded Juicero on your desk to hurl at the wall now and there when you get mad? I do.

The most important API metric is time to firstly call

Publishing an API isn’t enough for any startup: Once it’s liberated, the hard work of nurturing a make cornerstone begins.

Postman’s head of Developer Relations, Joyce Lin, wrote a guest affix for Extra Crunch based on the findings of a study aimed at increasing adoption of APIs that utilize a public workspace.

Lin found that the most important metric for a public API is time to firstly call( TTFC ). It reaches smell — faster TTFC tolerates makes to begin using new implements swiftly. As a solution,” legitimately rationalizing TTFC ensues in a larger market potential of better-educated consumers for the later stages of your developer tour ,” writes Lin.

This post isn’t just for private developers in our gathering: TTFC is a metric that concoction and raise squads should also restrain top of thinker, they suggest.

” Even if your grocery is defined as a limited subset of the developer community, any improvements you perform to TTFC equate to a larger available busines .”

The most important API metric is time to firstly call

( Extra Crunch is our membership curriculum, which assistants founders and startup squads get ahead. You can sign up now .)

Big Tech Inc.

There was a lot going on with the larger tech fellowships of the world today, so let’s dive title in 😛 TAGEND

A modest improvement to Android : If “youre running” Android 12, you will be able to start playing games a bit faster in the future. Google precisely announced a feature that will allow users to launch brand-new competitions before they are fully downloaded. This has been accessible for some PC games for a while, but it’s nice to see on the mobile platform. That said, we’re genuinely at the end of the innovation cycle for the current era of smartphones. Microsoft buys more cybersecurity : Microsoft corroborated earlier reports that it was looking to buy RiskIQ. The toll was not disclosed, but Bloomberg previously reported that it would be more than $ 500 million in cash. On the podcast this morning, we noted that that wasn’t a huge price for Microsoft, though the larger company has a huge vested interest in more tribes being more secure. Elon attacks the SolarCity deal: Today’s MuskWatch is all about a treat from the past. Namely the Tesla-SolarCity deal that was worth $2.6 billion. Some shareholders call the deal a bailout. Musk blamed various factors for what could be called underperformance at his gondola company’s solar division. WhatsApp makes flak in Europe : Facebook’s they are able to exasperate regulators is a global affair, with the company being accused of “multiple breaches of European Union consumer protection law as a result of its attempts to force WhatsApp users to accept controversial changes to the messaging platforms’ terms of use, ” TechCrunch reports.

TechCrunch Professionals: Emergence Market

Illustration montage based on education and knowledge in blue

Image Credits: SEAN GLADWELL( opens in a brand-new window )/ Getty Images

We’re reaching out to startup founders to tell us who they turn to when they want the most up-to-date growth marketing rehearses. Fill out the results of the investigation now .

Read one of the recommendations we’ve received below!

Marketer: Maya Moufarek, Marketing Cube

Recommender: Nikki O’Farrell, www.KatKin.club

Recommendation: “Expert ear and attention from the world of startups/ scaleups and proliferation. Her functional and direct approach allows you to execute at rush and visualize upshots quickly.”

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