Welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week I wrote about the startups we lost in 2019. Before that, I observed the defining moments of VC in 2019.
Unfortunately, this is likely to be my last-place newsletter, as I am leaving TechCrunch for a brand-new opening. Don’t worry, Startups Weekly isn’t going anywhere. We’ll have a new novelist taking over the weekly modernize soon enough; in the meantime, TechCrunch writer Henry Pickavet will be at the helm. You can still get in touch with me on Twitter @KateClarkTweets .
If you’re brand-new now, you can subscribe to Startups Weekly here. Lot of good content will become your mode in 2020.
TechCrunch reporter Manish Singh confined an interesting piece on the regime of Indian startups this week: As Indian startups foster record fund, losings are expanding( Extra Crunch membership asked ). In it, he claims the financial performance of India’s largest startups are a matter of concern. Gems like Flipkart, BigBasket and Paytm have lost a collective$ 3 billion in the last year.
” What is especially troublesome for startups is that there is no clear direction for how they would ever generate big earnings ,” he writes.” Silicon Valley corporations, for instance, have entered and expanded into India in recent years, giving billions of dollars in neighbourhood activities, but yet, India has yet to make any substantial contribution to their bottom lines. If that wasn’t challenging fairly, countless Indian startups emulate instantly with Silicon Valley heavyweights, which while affecting, is an expensive work .”
Manish’s fib came one day after The New York Times wrote an in-depth report on Oyo, a tech-enabled budget hotel chain and rising star in the Indian tech community. The NYT wrote that Oyo offers unlicensed chambers and has bribed police officials to deter trouble, amongst other poison practices.
Whether Oyo, backed by billions from the SoftBank Vision Fund, will become India’s WeWork is the real cause for concern. India’s startup ecosystem is likely to face a number of impediments as it grows to compete with the likes of Silicon Valley.
Venture capital spotlights( it’s been a sluggish week)
Brazil’s Loft nabs $175 M from a16z, Vulcan Shipfix develops $4.5 M seed for its baked cargo shipping programme InsightFinder comes$ 2M seed to automate outage prevention The 5 biggest rounds in tech in 2019 A look at Utah’s biggest venture rounds of 2019 In the shadow of Amazon and Microsoft, Seattle startups are having a moment
How to find the liberty reporter to slope your startup
If you’ve still not subscribed to Extra Crunch , the time has now come. Longtime TechCrunch reporter and editor Josh Constine is propelling a brand-new serial to educate you how to pitch your startup. In it he will be evaluated by embargoes, exclusives, press kit visuals, interview questions and more. The first of many, How to find the freedom reporter to pitch your startup, is online now.
Subscribe to Extra Crunch here.
Another week, another brand-new bout of TechCrunch’s venture capital-focused podcast, Equity. This week, we discussed a few of 2019′ s largest gossips, Peloton’s strange holiday ad and the controversy over at the luggage startup Away. Listen here and be sure to subscribe, too.
For anyone wondering about changes at Equity following my deviation from TechCrunch, the lovely Alex Wilhelm( founding Equity co-host) will keep the picture alive and, soon enough, there will be a brand new co-host in my locate. Please obstruct supporting the show and be sure to recommend it to all your podcast-adoring friends.
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