Equity Monday: India’s digital economy attracts ample attention, three funding rounds and earnings season
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.
This is Equity Monday, our week-starting primer in which we go over the latest news, dig into the week onward, talk about some nifty fund rounds and dive into the latest big-hearted report from the startup world.( You can follow the demonstrate on Twitter here, and myself here, if you are so inclined! Don’t forget to check out last Friday’s chapter as well. All the cool kids are doing it .)
Some weekends are gradual. This weekend was not. Here’s the round-up of bulletin that we had to talk about 😛 TAGEND
Qualcomm pours capital into India’s Reliance Jio, which has also recently promoted $15.7 billion in the past three months. Google intends to invest $ 10 billion into India over the next 5 to seven years, would be interested to put asset to work through” a mixture of equity financings, partnerships, and operational, infrastructure and ecosystem speculations” via a new” Google for India Digitization Fund .” And, Google has education strategies in India. India! It’s a big deal! WeWork might turn cash flow positive in 2021. That’s still a practices from now, but it does go to show that deep under the flesh of whatever WeWork claimed to be during its 2019 IPO process, there was a real company somewhere in its bones. How huge a company is not clear. UIPath fostered $225 million in a Series E that costs it at over $10 billion. The company’s ARR has quadrupled to $ 400 million in the past few years. Finally, US tech’s response to the Hong Kong ” defence ” rule that isn’t.
Up onward we have a fascinating earnings season, one that the media doesn’t expect to go very well. Assets were up as we wrote the show, so it appears that Wall Street is more bullish than worried. We’ll hear. Netflix reports later this week. Then, next week, we really get underway with Snap, IBM, Microsoft and others.
We also touched on three fund rounds: More money for cancer-focused AI startup Paige, $6.3 million for FitXR to keep working on its fitness VR work, and this small round from Russia, which reminded us that you can build a startup even in a flunking democracy.
Wrapping, this earnings season is a big deal. Spate of tech investors are potting that an intensified digital change is going to push most tech browses into a emergence arch that starts their equity alluring, even at promoted costs. Quite a lot of fund has been capsize in this idea. We’ll consider what happens when the numbers come in.
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