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Welcome to Daily Crunch for May 21, 2021. Closing out the week, bitcoin dropped sharply in the present day on (more?) information from China about doable restrictions on cryptocurrencies more broadly. Depending in your priors, the newest information is solely FUD, or it’s indication that Bitcoin and associates are horrible inflation hedges. Pick your poison! Regardless, we have now a grip of startup information to get to, so off we go! — Alex
The TechCrunch Top 3
- Snap spends a half billion on AR: Yesterday’s information from client photograph big Snap didn’t cease with the corporate plunking down $500 million for WaveOptics, which we reported “makes the waveguides and projectors used in AR glasses.” That positive appears like Snap gearing up for eventual mass manufacturing? Right?
- Startups coronary heart farming: TechCrunch covered a huge $65.5 million Series B for Indonesian startup TaniHub Group in the present day. 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.
- Mobile gaming is larger than you thought: Did that former gaming darling Zynga is within the midst of a comeback? Mobile gaming, its core focus, had an enormous 2020, main to the corporate posting report Q1 outcomes. Riding the identical method is Jam City, one other cellular gaming store goes public. More here.
Startups and VC
To spherical out the week, how about a couple of smaller enterprise capital rounds? We have a quantity from in the present day which can be nicely value 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 sell to restaurants, hotels and other” meals and beverage corporations, and we predict it’s neat. Rakuten and Beyond Next equipped the capital.
Mio raises $1M to bring social commerce to rural Vietnam: Quickly rising e-commerce market Vietnam is seeing rising penetration in main cities. Mio desires to deliver e-commerce to smaller cities and rural areas. Per our reporting, it’s “building a reseller network and logistics infrastructure that can offer next-day delivery to Tier 2 and 3 cities.” Our current could also be another person’s future, so it’s swell to see startups deliver the most recent to more of us.
To spherical out our spherical protection in the present day, a barely bigger deal for a mental-health centered service:
Wysa raises $5.5M for AI-powered mental health: This is at a minimal cool on paper. We’ll have to 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 find it easier to confide in a robot. Or, put more specifically, “‘emotionally intelligent’ artificial intelligence.” I, for one, welcome our robotic mental-health overlords. Jokes apart, there’s a therapist scarcity on the planet, and if Wysa will help more of us deal with their psychological well being higher, we’re all for it.
5 predictions for the way forward for e-commerce
The United States is without doubt one of the world’s most superior economies, however till fairly not too long ago, South Korea and China had a lot greater e-commerce penetration.
American shoppers and firms are closing that hole. In 2016, the proportion of whole retail spend the place the products had been purchased and bought online within the U.S. was about 8%. Today, that determine is nearer to 17%.
Despite the final twenty years of disruption, we’re nonetheless within the early days of e-commerce. But as more retailers of each measurement begin making their items and providers accessible online, we’ve reached an inflection level.
In an unique report for Extra Crunch, Ethan Choi, a accomplice at Accel, gives 5 well-researched predictions about the place e-commerce is heading by way of D2C and the general enablement panorama.
“We’re entering what we at Accel believe is ‘the golden age of D2C e-commerce,’” says Choi.
(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)
Big Tech Inc.
Today we have now to stretch the Big Tech portion of this article to embody entities even bigger than the biggest know-how corporations, particularly governments.
The Indian authorities is mad at tech corporations but once more. This time it’s Twitter’s flip. Per TechCrunch, New Delhi “has expressed strong objection to Twitter for classifying tweets by Indian politicians as ‘manipulated media,’ and separately asked social media firms to remove posts that refer to an ‘Indian variant’ of the coronavirus.”
A couple of ideas right here: One, Twitter goes to have to navigate an more and more sophisticated world local weather totally free speech generally. And determine how to deal with governments’ reactions to its choices on labeling content material. That’s going to be laborious. And asking a social service to blanket-ban a selected phrase goes to be primarily inconceivable. After all, even in China, the place banned phrases on social media are frequent, people have discovered myriad ways around the restrictions. So, good luck, Indian authorities.
On a associated be aware, if you’re inquisitive about privateness more typically, what’s happening within the European Union concerning information safety is fascinating.
Moving again to the world of company information, Spotify is finally bringing offline listening to the Apple Watch. For runners, that is huge information. Our personal Brian Heater is hype in regards to the replace.
To shut us out in the present day, the Equity podcast team has thoughts on the expansion in company “media” and what it means for unicorns and different giant know-how corporations.
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. If you’re a founding father of a startup of any stage and need to attempt your pitch out on some actually cool buyers … 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 Experts: Email Marketing
We’re thrilled with the responses to our survey in regards to the high electronic mail entrepreneurs. It’s not too late to weigh in: Fill out the survey here.
In addition to giving founders who reply to the survey a reduction to a brand new Extra Crunch subscription, we’ll be that includes a few nominations in Daily Crunch beginning subsequent week!
If you’re a progress marketer, move the survey on to your shoppers — we’d love to hear from them!
To discover out more particulars about this challenge and the way we plan to use it to form our editorial protection, go to techcrunch.com/experts.
The Extra Crunch Live celebration carries on into June, with new episodes connecting you with a few of tech’s greatest names.