Daily Crunch: India’s Rebel Foods scores $1.4B valuation after raising $175M Series F

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Hello and welcome to the Daily Crunch of October 7, 2021! Sure, we’re excited about the software here at Nerdshala, but we keep at least one eye on the sky at all times. That’s why our upcoming season: The Space Program is going to be out of this world. Pardon me. – alex

Nerdshala Top 3

  • Global startups raise record amounts. again. Another quarter, another set of record funding totals for global startups. New data from CB Insights indicates that upstart companies across the world have managed to break the record set in the second quarter of this year. All told, 2021 is going to be a barn-burning year of venture capital investment that we can never beat in our lifetimes.
  • Microsoft buys OKR software startup Ally: Nerdshala has long tracked the OKR software market as crowded and incredibly busy when it comes to raising capital and posting large ARR growth numbers. Today, Microsoft shook up the startup space by purchasing one of its better-funded competitors. now what?
  • Developers are building tools to get around the Apple tax: While global regulators figure out what to do with app marketplace payment lock-in, startups are working. Paddle is building what Nerdshala describes as a “new in-app purchase (IAP) system aimed at iOS developers that is designed to be a drop-in replacement for Apple’s own IAPs.” good!

Startups/VCs

  • I’m here to change the robot tire: I don’t know how to change a tire, because I’m a clumsy man-kid who types for a living. But even among those who know how, rote learning is not popular. Enter Robot! Robotair wants to transform robotic tires into the world of car service and has raised a Series A round of $7.5 million to meet its aspirations.
  • You can no longer pay real money to buy fake stocks in real companies: A day after VisionRare announced a marketplace where you can buy NFTs of fake shares of genuine startups, that seems to be coming to an end. It’s a pity. It was too good for the headlines.
  • We’re holding you up to this deadline, Cruz: Well-funded self-driving car company Cruise intends to have tens of thousands of self-driving cars on the roads by 2030. If the company misses this deadline, I’ve decided that all of its executives will have to bike to work for the next decade. (To stick to the subject of my personal disability, driving is hard and I don’t like doing it.)
  • Startup with video game name that doesn’t deal in video games raises money: If you’ve ever heard of the game Chrono Trigger, you’ll wonder if Chronosphere is a gaming company. It’s not. Instead, it is a data observability company. And it has together raised a $200 million round, which should be more than enough capital to take Monte Carlo and the other players in their place.
  • Instacart buys foodstorms: Grocery delivery behemoth Instacart announced this morning that it has purchased FoodStorm, which Nerdshala describes as “a SaaS order management system (OMS) that powers end-to-end order-ahead and catering for grocery retailers.” gives.” Terms were not shared, and because both companies are private, it doesn’t tell us much.
  • Microservices Meshing Macro Business is: Our own Ron Miller has a story today looking at Solo.io, which provides software that helps customers “mesh” microservices together. I know what this means only from a very high point of view. What matters to both of us is that the company is now a unicorn, having some starting points in Q4 for the big Boston startup scene.
  • Sloth in all things: That’s what Cord wants to do, put Slack-like features into any application. It offers its service through an API — naturally — and just banked $17.5 million for its project.
  • Nigerian American company raises for African payments across the border: The growing African e-commerce market is creating demand for new products, a trend that Clasha hopes to ride with its service that helps consumers pay across national borders on the continent.
  • And to round out our startup coverage today, ghost kitchens aren’t just a trend in the United States. They are also flying in India. proof of that fact? Rebel Foods took on the unicorn valuation in the country on the back of its own dark kitchen work. It seems that good startup ideas are reaching the international stage faster than ever.

After Proxy Fight victory, it’s time for Box to make some bold moves

The past few years included delayed IPO filings and a proxy fight with a major shareholder, but now events are looming well for Box co-founder and CEO Aaron Levy.

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Enterprise reporter Ron Miller says this is “a pivotal moment for a cloud content management company,” so he interviewed Levy to learn more about its plans, especially in light of the company’s recent revenue growth.

For balance, Ron also spoke to Deep Analysis founder and principal analyst Alan Pelz-Sharp.

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“Next year is important for the box,” he said. “It has to be proved that winning the proxy battle was right. To do so, it will have to grow the Box platform and grow steadily but surely and continue to carve a niche for itself in the market. “

(Nerdshala+ is our membership program that helps founders and startup teams grow. You can sign up here.)

Big Tech Inc.

  • Will someone please cry for the billionaires? please. Any?
  • The US Department of Justice will ensure that federal contractors disclose cyber issues: If you sell goods or services to the US government and get hacked or breached, you feared the best. Or, literally, otherwise.
  • Twitter pours capital into Facemoji: I laughed when Snap bought Bitmoji and started looking real dumb. Maybe this deal also makes sense. Who knows, Moji.

Nerdshala Expert

image credit: Sean Gladwell/Getty Images

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