Even in markets where credit card penetration is high, shopping cart abandonment is still a major source of concern for online vendors. Now imagine the situation in Southeast Asia, where many countries have scores of e-wallets, buy now pay later services and other forms of payment. Bank transfers are also popular option for online purchases,
Month: April 2022
The fishing market globally was worth $253 billion in 2021, and despite the controversy that swirls around the industry, that figure continues to grow. Today a startup that has built a platform to make the business of fishing more efficient — and thus the process overall more traceable and less prone to waste — is
It’s typical on TechCrunch Live for founders to talk about fundraising while flipping through their last pitch deck. But Deel CEO Alex Bouaziz didn’t have a pitch deck to share. That’s because Deel raised a total of $629 million without one. Rather, Andreessen Horowitz partner Anish Acharya pitched Deel to let a16z lead the company’s
Welcome to my weekly fintech-focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas and me riff on all things startups! And if you want to have this hit your inbox directly once it officially turns into a newsletter on May 1, sign up here.
It’s been a wild month of news for the social network that we collectively love to hate. In early April, Elon Musk took a bite out of Twitter, coming away with 9.2% of the company and plans to exercise his influence over the company through its board. After that he backed out of his planned
The venture capital market is slowing down, which means early-stage founders are chasing a smaller pool of money. According to Carta, the number of seed deals funded between Q4 2021 and Q1 2022 fell 41%, and dollar volume followed suit, dropping from $2.62 billion to $1.81 billion, a 31% decline. In this environment, teams that
Instagram is testing Templates, a new feature that will allow Reels creators to use the same format as other videos, according to Business Insider. The feature is currently only available to a small group of creators and is in beta testing. It’s similar to TikTok’s Templates, which allows users to plug in their own photos
Advertising, particularly online advertising, isn’t a surefire way to bolster business. A report from ecommerce analytics platform Glew drives the point home: In 2015, 75% of retailers that spent at least $5,000 on Facebook ads ended up losing money on those ads, with the average return on investment landing around -66.7%. Obviously, that’s just one
Twitter has been spotted working on a feature that would allow users to set a status on their profiles and tweets. According to reverse engineer Jane Manchun Wong, who searches the code of mobile apps to spot features and upcoming changes in development, the social media giant is working on a “set a status” feature
When people think of NFTs, the first use case most of them likely think of is visual art. From Beeple’s $69 million sale of a digital collage at Christie’s to the Bored Apes Yacht Club collection, visual art has seemed to be most prominent use case for NFTs due to close similarities with traditional fine
Prior to launching Dassana, CEO and co-founder Gaurav Kumar was involved in a fair number of startups. His most recent one prior to Dassana was RedLock, a cloud security company he sold to Palo Alto Networks for $173 million in 2018. He said that everywhere he went, he used logging software and it almost invariably
In the small hours local time, European Union lawmakers secured a provisional deal on a landmark update to rules for digital services operating in the region — grabbing political agreement after a final late night/early morning of compromise talks on the detail of what is a major retooling of the bloc’s existing ecommerce rulebook. The
Twitter announced today that it’s beginning to test a “CC” button that will let users turn video captions on or off. The feature is rolling out to some iOS users and will be coming to Android users soon, Twitter notes. A video posted by the social media shows that the CC button will appear in
Bitso, a Mexico City-based crypto exchange, is pledging to buy carbon offsets for every bitcoin transaction on its platform to compensate for the cryptocurrency’s environmental toll. It may sound great in theory, but the idea also deserves a heaping dose of skepticism, given the sketchy reputation carbon offset efforts have earned over the years. Bitcoin’s
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It’s Earth Day, also known as April 22, 2022, and we are beyond grateful that the sun sets on another week. We love our TechCrunch Live events, but we realize we don’t
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week was a good week because we had the full team back together. Natasha Mascarenhas was on hand, Mary Ann Azevedo was on the mic, and Alex Wilhelm was around as well.
The internet is full of mysteries. Who really wrote “My Immortal,” and was it supposed to be a satire? Who is behind the group of hackers known as Anonymous? And why can’t Elon Musk just log off? But a new question arose about two and a half months ago, when writer and reverse engineer Steve
A multi-year, $100 million Xprize competition for startups trying to remove or reverse carbon emissions has its first crop of big winners. Though the bulk of this Musk money won’t be given away until 2025, these 15 companies are each getting $1M today to keep the lights on til then. The Carbon Removal Xprize, funded
Jarvis ML, a platform offering an AI-powered personalization engine to brands selling products, services and experiences, today announced that it raised $16 million in a seed round led by Dell Technologies Capital. In an interview with TechCrunch, CEO Rakesh Yadav said that the new capital will be used to grow Jarvis ML’s R&D and sales
A new report has peeled back the curtain on big tech’s frenzied lobbying of European Union lawmakers as they finalize a major series of updates to the bloc’s digital rulebook. It reveals some of the arguments used by tech giants including Apple, Amazon, Google, Meta (Facebook) and Spotify to press their interests behind the scenes
William Wilson Contributor William Wilson is a partner in Goodwin’s technology group and intellectual property practice. His practice focuses on technology transactions, including counseling, structuring and negotiating deals across industries with a particular focus on the fintech, healthcare and technology sectors. Last year saw investors throwing record amounts of dollars into startups, but recent geopolitical
Asia had more IPOs than other regions in Q1 2022, but its tally dropped from Q4 2021 Anna Heim 7 hours Sometime in 2021, the world passed the 1,000-unicorn milestone. This was captured by Crunchbase’s private unicorn board, which is dedicated to tracking startups with valuations above $1 billion; the list kept on increasing and
An app called BeReal, founded by former GoPro employee Alexis Barreyat along with Kévin Perreau, launched in December 2019 with its idea of asking users to post an unedited photo once per day after receiving a push notification. Upon receiving the alert, the user has up to 2 minutes to share what they’re up to
Databases are an essential part of doing business in the digital world, but not every organization is achieving success with them. In a 2019 Vanson Bourne survey, enterprises said that they’ve been held back by legacy database technologies — specifically relational databases systems. Relational databases weren’t designed with newer apps or the cloud in mind,
Google has shared a screenshot of its new cookie consent popup. At first, the new popup will be available on YouTube in France. But the company says it plans to roll out the new design across Google services in Europe. This updated design comes a few months after the CNIL, France’s data watchdog, fined Google
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. On this fine day of April 21, 2022, we celebrate a shiny new podcast from our crypto team: Chain Reaction. Q: Why is the podcast so loud? A: Because it’s immutable. This
MadEats, Y Combinator alum, claims to be the first “‘full-stack’ delivery-only startup in the Philippines,” with their own virtual storefront, ghost kitchens and fleet of drivers. More than that, they also conceptualize and launch their own brands, making them a delivery-only restaurant group. The company announced today it has raised $1.7 million in seed funding
In an SEC filing today, Elon Musk indicated that Twitter has yet to respond to his offer to buy the company, and that he is “exploring whether to commence a tender offer to acquire all of the outstanding shares.” Recall that Twitter has itself adopted a poison-pill defense of its equity in light of Musk’s
Change is afoot in the non-stop world of data collection and application, and if you’re a data-driven startup — or on your way to becoming one — TechCrunch and Cloudera have joined forces for an event you won’t want to miss. Data and the Culture Transformation, an online event presented by Cloudera, takes place on
French startup Greenly has raised a $23 million Series A round. The company has built a software-as-a-service platform that lets you calculate your company’s carbon emissions, store and track them in one place, generate a certified report of your carbon footprint and get some insights about ways to reduce your emissions. Energy Impact Partners (EIP)
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