Daily Crunch: Months after rejecting a $17B bid, Zendesk sells to private equity group for $10.2B

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hey, folks, and welcome to the Friday edition of Daily Crunch. As you might’ve seen, the Supreme Court issued a major decision on abortion today, effectivel

VCs shouldn't confuse risk management with not funding diverse founders

The news that funding for Black founders is falling was no shock to the Black community, much of which was raised with the aphorism, “when white America catches a cold, Black America gets pneumonia.” U.S. startups received VC funding of around $75 billion in Q1 and about $50 billion

Late-stage tech companies must do right by their employees: Reassess your 409A valuations

Last year was a great one for startups. It was a record year for companies going public, valuations for pre-IPO companies were skyrocketing, and fundraising also shattered records. But 2022 is going to be quite different. Many of the companies that went public last year have seen their stocks plumm

How I navigated my pregnancy as a Series A founder

The news of Emily Weiss moving to the role of chairwoman of Glossier from her former position as CEO was riddled with gender biases in how it was covered by the media. Even the more balanced coverage still highlighted that she is currently pregnant, as if it inevitably played a factor in her decisi

Startups must reevaluate how they hire and develop talent

If you're still thinking of a four-year degree as a requirement for your revenue teams, you're missing out on a huge talent base. The reality is that when it comes to sales, the vast majority of the skills and knowledge one needs to be successful are learned on the job. There's no such

The new unicorn litmus test

Hello from America, where we are digesting some pretty big news. Given the portent and weight of what’s going on today, it may feel a bit weird to sit down and read about billions of dollars of someone else’s money. But this is a technology startup and financial news site. So, to work.

Zomato acquires Blinkit for $568 million in instant-grocery delivery push

Zomato has acquired Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million all-stock deal as the loss-making food delivery firm looks to broaden its offerings at a time when its shares are trading far below last year’s debut price and less than half of the all-time high

3 views on why startup math may soon get a lot more creative

Given this year's changing venture capital climate, it's not a stretch to imagine that we're going to see a lot more of the following: down rounds disguised as extension rounds, recapitalization events conflated with secondary activity and vaguely defined references to growth, burn and

Dublin-based corporate gifting platform &Open raises $26M Series A led by Molten Ventures

Last year we covered how “&Open” (yes, “ampersand open,” pronounced “And Open”) had raised a raised $7.2 million seed to make it easier for brands to send gifts to customers to boost loyalty and engagement. According to one study customers who feel emotionally connected to a brand a

India’s central bank cracks down on fintech startups

For nearly all fintech startups, lending has long been the end game. A notice from India's central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend. The Reserve Bank of India has informed dozens of fintech startups that it is barring the practice of load

Wondermed pulls $4,600K out of a hole to ply you with ketamine

For those of us who’ve been a little bit wobbly on the mental health front over the past couple of years, there are a bunch of options starting to crop up. The on-demand chat-based therapy options are one and at-home ketamine-assisted treatments are another. We’ve seen Mindbloom and Fie

Daily Crunch: London-based SumUp pins $8.5B valuation with $624M debt-equity round 

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hey, folks! Me again. As I’m sure it had you on the edge of your seat, I’m pleased to report that the team wasn’t completely dissatisfied with m

Cozy houseplants and self-care: How one startup is reimagining mobile gameplay as a healing activity

Mobile well-being apps topped 1.2 billion downloads last year, while leading meditation app Calm alone pulled in $118.2 million in revenue, data from Sensor Tower indicates. That may leave some to think the digital well-being market is essentially solved, but a new startup, Lumi Interactive, believ

The next wave of supply-chain innovation will be driven by startups that help incumbents win

For years, the prevailing narrative for innovation in supply chain has focused on the disruptors: Upstarts that enter the industry with new technologies and business models to displace incumbents. Less heralded has been the next wave these disruptors often catalyze: Digital enablers seeking to arm