To get a roundup of TechCrunch’s largest and most necessary tales delivered to your inbox on daily basis at 3 p.m. PDT, subscribe here.
Welcome to Every day Crunch for Could 21, 2021. Closing out the week, bitcoin dropped sharply right now on (extra?) information from China about attainable restrictions on cryptocurrencies extra broadly. Relying in your priors, the latest information is only FUD, or it’s indication that Bitcoin and mates are horrible inflation hedges. Choose your poison! Regardless, we’ve a grip of startup information to get to, so off we go! — Alex
The TechCrunch High 3
- Snap spends a half billion on AR: Yesterday’s information from client picture large Snap didn’t cease with the corporate plunking down $500 million for WaveOptics, which we reported “makes the waveguides and projectors utilized in AR glasses.” That certain feels like Snap gearing up for eventual mass manufacturing? Proper?
- Startups coronary heart farming: TechCrunch covered a huge $65.5 million Series B for Indonesian startup TaniHub Group right now. A part of what it does is mortgage capital to farmers forward of their harvests. In associated information, ProducePay raised $43 million earlier this week to do one thing comparable in Latin America. There’s notable startup exercise, then, on the intersection of agtech and fintech.
- Cell gaming is larger than you thought: Do you know that former gaming darling Zynga is within the midst of a comeback? Cell gaming, its core focus, had an enormous 2020, resulting in the corporate posting report Q1 outcomes. Driving the identical means is Jam Metropolis, one other cell gaming store goes public. More here.
Startups and VC
To spherical out the week, how about just a few smaller enterprise capital rounds? We’ve got a quantity from right now which can be properly price our time:
Secai Marche raises $1.4M for farm-to-table food distribution: We don’t cowl sufficient Japanese startups, frankly, however right here’s to doing higher. Tokyo-based Secai Marche is constructing a B2B “logistics platform for farmers that promote to eating places, lodges and different” meals and beverage firms, and we predict it’s neat. Rakuten and Past Subsequent provided the capital.
Mio raises $1M to bring social commerce to rural Vietnam: Shortly rising e-commerce market Vietnam is seeing rising penetration in main cities. Mio needs to convey e-commerce to smaller cities and rural areas. Per our reporting, it’s “constructing a reseller community and logistics infrastructure that may provide next-day supply to Tier 2 and three cities.” Our current could also be another person’s future, so it’s swell to see startups convey the most recent to extra people.
To spherical out our spherical protection right now, a barely bigger deal for a mental-health centered service:
Wysa raises $5.5M for AI-powered mental health: That is at a minimal cool on paper. We’ll must get a while with the service because it evolves by time, however TechCrunch studies that “Jo Aggarwal, the founder and CEO of Wysa, is hoping you’ll discover it simpler to open up to a robotic. Or, put extra particularly, “‘emotionally clever’ synthetic intelligence.” I, for one, welcome our robotic mental-health overlords. Jokes apart, there’s a therapist scarcity on this planet, and if Wysa might help extra people deal with their psychological well being higher, we’re all for it.
5 predictions for the way forward for e-commerce
The USA is without doubt one of the world’s most superior economies, however till fairly lately, South Korea and China had a lot increased e-commerce penetration.
American customers and firms are closing that hole. In 2016, the share of complete retail spend the place the products had been purchased and offered on-line within the U.S. was about 8%. At this time, that determine is nearer to 17%.
Regardless of the final 20 years of disruption, we’re nonetheless within the early days of e-commerce. However as extra retailers of each measurement begin making their items and companies obtainable on-line, we’ve reached an inflection level.
In an unique report for Further Crunch, Ethan Choi, a associate at Accel, presents 5 well-researched predictions about the place e-commerce is heading when it comes to D2C and the general enablement panorama.
“We’re getting into what we at Accel imagine is ‘the golden age of D2C e-commerce,’” says Choi.
(Further Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)
Huge Tech Inc.
At this time we’ve to stretch the Huge Tech portion of this text to incorporate entities even bigger than the biggest know-how firms, particularly governments.
The Indian authorities is mad at tech firms but once more. This time it’s Twitter’s flip. Per TechCrunch, New Delhi “has expressed sturdy objection to Twitter for classifying tweets by Indian politicians as ‘manipulated media,’ and individually requested social media corporations to take away posts that check with an ‘Indian variant’ of the coronavirus.”
A couple of ideas right here: One, Twitter goes to must navigate an more and more difficult world local weather free of charge speech normally. And work out the best way to deal with governments’ reactions to its choices on labeling content material. That’s going to be arduous. And asking a social service to blanket-ban a selected phrase goes to be basically unimaginable. In any case, even in China, the place banned phrases on social media are widespread, people have discovered myriad ways around the restrictions. So, good luck, Indian authorities.
On a associated observe, in case you are fascinated with privateness extra usually, what’s occurring within the European Union concerning knowledge safety is fascinating.
Transferring again to the world of company information, Spotify is finally bringing offline listening to the Apple Watch. For runners, that is large information. Our personal Brian Heater is hype concerning the replace.
To shut us out right now, the Equity podcast team has thoughts on the expansion in company “media” and what it means for unicorns and different massive know-how firms.
Two fast issues heading into the weekend: Ford’s new electric truck appears to be like cool, however you, our readers, are hodling out for Tesla’s Cyber Truck. In the event you’re a founding father of a startup of any stage and wish to strive your pitch out on some actually cool traders … then Extra Crunch Live is the place to go. Check out this week’s pitch by Capri Money. From the viewers to the stage, identical to that! See you there subsequent week.
TechCrunch Specialists: E mail Advertising
We’re thrilled with the responses to our survey concerning the high e-mail entrepreneurs. It’s not too late to weigh in: Fill out the survey here.
Along with giving founders who reply to the survey a reduction to a brand new Further Crunch subscription, we’ll be that includes a few nominations in Every day Crunch beginning subsequent week!
In the event you’re a development marketer, move the survey on to your shoppers — we’d love to listen to from them!
To search out out extra particulars about this undertaking and the way we plan to make use of it to form our editorial protection, go to techcrunch.com/experts.
The Further Crunch Dwell get together carries on into June, with new episodes connecting you with a few of tech’s largest names.