After an image of NFTs inside Discord, the social chat startup declared it has “no present plans to ship this internal concept.” Given that every company with a pulse is attempting to spread crypto magic all over itself, the resistance against crypto integration in the Discord community stands out.
The general population is currently in danger: The current tech boom is distinct from the dot-com era’s time of irrational enthusiasm. However, after a lengthy period of high valuations and revenue-light enterprises being mostly restricted to the private market, we are seeing more risk flood into the hands of the public. It is something to be concerned.
In a pre-IPO sale, GoTo raises $1.3 billion: Before its public debut, the combination of Indonesian ride-hailing behemoth Gojek and e-commerce player Tokopedia is not hesitant about putting money into its accounts.
Moreover, after this current capital influx, it might be valued approximately $30 billion. When GoTo finally goes public, its initial public offering (IPO) will generate headlines all over the world.
Let’s speak about SoftBank before we go into a slew of startup news. After SoftBank’s first Vision Fund closed — though results from that financial vehicle are still coming in — it appeared that Tiger and other groups had assumed the role of major investor.
However, the Japanese telecom and investment behemoth has already invested $3 billion in India this year and may do so again next year. That speaks a lot about Indian entrepreneurs and SoftBank as a company.
Sivo looks to be establishing a Stripe for debt, by providing access to debt via an API. Stripe, of course, has made a fortune by providing payments as a service through an API, as well as a growing portfolio of fintech goods.
In other words, Sivo should be able to assist businesses in offering loan products without having to rely on their own balance sheet for funding.
What is it about collectibles that has everyone so enthralled? I am not sure, but alternative asset investing continues to rise at a rapid pace. We know this because Alt just raised $75 million in a funding round. It is now a marketplace for buying and selling rare sports cards, or IRL NFTs, as they known in the industry.
Instacart aims to deliver your goods the next day: Unicorn grocery delivery Instacart is introducing lower-cost next-day delivery and working with dollar retailers to expand its product offering. Another delivery service, DoorDash, is also broadening its product offerings. Uber Eats is also available. Every delivery firm appears to want to deliver almost everything on schedule.
Ro wants to freeze your swimmers: Ro is a unicorn with a health problem. According to TechCrunch, Ro, the parent company of well-known ED drug slinger Roman, is in discussions to purchase sperm storage firm Dadi. Given that the firm has already done the effort to assure that people can create said material, the extension into sperm management makes reasonable.
More money to assist people in buying and selling homes more quickly: Every market appears to have a few businesses attempting to simplify the process of purchasing and selling properties. Because, I assume, it is a bad experience everywhere. Today’s example is Houm, a Chilean proptech business that recently secured $35 million in a Series a round.
Helium Health acquires Meddy: Helium Health, located in Nigeria, has acquired Meddy, a doctor-booking website based in the United Arab Emirates. The financial terms of the deal not disclosed, but it demonstrates how swiftly the African and Middle Eastern startup marketplaces are growing.
The Tiger bargain of the day is Hive: Hive is a software company established in Berlin that helps direct-to-consumer (DTC) firms handle fulfillment. The firm just secured a $34 million round, which may appear little at first, but the company had previously raised $10 million. Moreover, in case you forgot about SPACs, smart building tech company Brivo plans to use one to raise $800 million on the public markets.