Saturday, January 28, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Technology

$800M funding round slashes Klarna’s valuation by 85% – TechCrunch

Updates Finance by Updates Finance
July 11, 2022
in Technology
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

New York City-based Paradigm, whose tech streamlines data aggregation and patient recruitment to speed up clinical trials, launches with a $203M Series A (Maureen Farrell/New York Times)

Nomad High Volta accessories review: Help your iPhone & Apple Watch stand out

Where to buy a second-hand iPhone: Best refurbished iPhone deals

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

Hello! We love you! Won’t you tell us your name? Not literally. Or perhaps yes literally — come say hi to us on Twitter. We may not always be able to respond, but it’d be nice to know you’re out there. Tell us your favorite little-known fact, for example. Clicking on that link gets you started. — Christine and Haje

The TechCrunch Top 3

  • Klarna, Klarna, Klarna, Klarna, Klarna chameleon: Sorry, we had to bring this header back — it’s just too good and makes us happy. This time around, we confirm the rumors were true: European Klarna bagged a hefty piece of venture capital real estate — $800 million — but did it at a lower valuation, so 85% less to land at $6.7 billion, Paul writes.
  • Everybody wants you: And by “you,” we mean Gen Z. They aren’t really old enough to remember the absolute horror of watching stocks and investments tank during the 2007–2010 economic downturn, but 2022’s environment is giving them a taste of that. Not to worry, Christine writes about Uprise, a new app in private beta that is building an investment tool with Gen Z in mind so they can know when to take that 401(k) match or how much is too much to have in a checking account.
  • Somehow we manage: However, managing a fleet of migrant workers can be an administrative headache. In another story by Paul, he writes that Kadmos is out to provide some medicine for that headache in the form of a salary payments platform specifically for migrant workers so that, among other things, they can avoid paying some of the exorbitant fees for transferring money to their respective homes.

Startups and VC

Unacademy, one of India’s high-flying startups, is going through a round of cost-cutting measures, including salary reduction for founders and shutting down “certain businesses” as it tightens its belt and pledges an IPO in the next 2 years, Manish reports.

Apropos layoffs, Natasha M took a closer look at the data about who has been hit the hardest in the great tech layoff wave. Spoiler alert: It’s fintech leading the discharge. There’s also a bunch of other really interesting pieces of news from the past week, in Natasha’s Startups Weekly newsletter. You can subscribe to that, and a bunch of our other awesome newsletters, on this handy one-stop-shop subscription page.

It’s been a busy weekend on TechCrunch. Here’s the cream of the crop!

  • Once, twice, three times a decimation: In the midst of events going back to in-person, and the interest for virtual events waning, Hopin — once the world’s fastest growing startups — just laid off a third of its workforce, just months after its last round of layoffs, Natasha M reports.
  • Hey, Google, send some money to my BFF: There’s been surprisingly few voice-powered payment solutions, but Kyle did a deep-dive into PayTalk and its promises to handle all sorts of payments with voice. It’s a great read of a promising company off to a wobbly start.
  • We raised, maybe? Byju announced an $800 million funding back in March, but Manish reports that the startup is $250 million short of hitting that goal. “The delays are because of macroeconomic reasons,” a spokesperson told TechCrunch.
  • Like SmileDirect, but Spanish: Impress is raising a $125 million Series B round in an effort to bring digital orthodontics to European markets, Mike reports.
  • The tiger gets caged for a bit: Tiger Global has been on a hell of a run, but Manish reports that it’s going to hit the brakes for a couple of quarters and is planning to raise a new fund later this year.
  • A Penny for your thoughts: It’s hard not to be a penny-pincher these days with the economy the way it is, so Google’s Gradient Venture is backing Penny with $4.8 million so workers in the U.K. don’t have to spend a pretty penny to merge or manage their pensions, Paul reports.
  • It’s like a soap opera: Elon Musk has had a week and a half, as Greg so elegantly summarizes in his Week in Review newsletter.

“Fun” fact we stumbled across when Googling stuff for this newsletter: Wikipedia tells me that to “decimate” actually means “to reduce by 10%” and stems from the Roman army, where, as punishment, every tenth man in a group was executed by members of his cohort. That means two things: Getting fired from a startup sucks, but at least you’re not getting murdered. Also, Hopin, which started this rabbit hole, was not just decimated, but decimated three times over. Yowzers.

Turn your startup’s pricing strategy into a powerful growth lever

Five high voltage switch on the wall. pricing strategy for growth

Image Credits: happyphoton (opens in a new window) / Getty Images

Early-stage startups must revisit their pricing models regularly: The competitive landscape is in a constant state of flux, and each time they release a new product or service, their revenue streams should be recalibrated.

In his latest TC+ post, Michael Perez, director of growth and data at VC firm M13, shares five questions he uses to devise pricing strategy frameworks, along with three value metrics and a detailed measurement plan for GTM strategy.

“Pricing models that scale proportionally with value tend to capture more value as revenue and contribution margin,” he writes. “Contribution margin can then be reinvested in sales and marketing or operations to create more value.”

(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

Big Tech Inc.

First, we need to give a shout-out to the team who took on the late Friday news that Elon Musk decided not to buy Twitter. Taylor got the news up quickly, while Darrell covered Twitter’s initial reaction and Kirsten “delivered” (pun intended) one of the best headlines in her article on Tesla shares.

Meta is going after “fake news” in a new way with Sphere, an artificial intelligence tool based on content from the open web, and Wikipedia is its first user, Ingrid writes.

Meanwhile, London lost its hold on Australia-based Atlassian, which said it will be moving its headquarters to Delaware, Mike reports. Please, please announce yourself to the neighbor with this gif.

Sometimes robotics doesn’t always work, and unfortunately, that is the case with salad robot startup Chowbotics, which 17 months ago was bought by DoorDash and is now shutting down, Brian writes.

Here’s what else we have for you today:





Source link

Tags: 800MfundingKlarnasslashesTechCrunchvaluation
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

New York City-based Paradigm, whose tech streamlines data aggregation and patient recruitment to speed up clinical trials, launches with a $203M Series A (Maureen Farrell/New York Times)

by Updates Finance
January 28, 2023
0

Maureen Farrell / New York Times: New York City-based Paradigm, whose tech streamlines data aggregation and patient recruitment to speed up clinical trials, launches with a $203M Series...

Read more

Nomad High Volta accessories review: Help your iPhone & Apple Watch stand out

by Updates Finance
January 27, 2023
0

Nomad's High Volta accessories AppleInsider may earn an affiliate commission on purchases made through links on our site. Nomad has just launched a new, eye-catching...

Read more

Where to buy a second-hand iPhone: Best refurbished iPhone deals

by Updates Finance
January 27, 2023
0

If you’re on the hunt for an iPhone but your budget doesn’t quite stretch to Apple’s newest models, buying an old, used or refurbished iPhone is a great...

Read more

Taking Intel’s Raptor Lake to 6 GHz

by Updates Finance
January 27, 2023
0

Back at Intel's Innovation 2022 event in September, the company let it be known that it had plans to release a '6 GHz' processor based on its Raptor...

Read more

LG sees profit drop in 2022 from lower demand for consumer electronics

by Updates Finance
January 27, 2023
0

LG Electronics saw its operating profit for 2022 drop year-on-year due to the lowered demand for consumer electronics caused by the global economic downturn.The South Korean electronics maker...

Read more
Next Post

Here's what happened when customers were asked to pay extra for dipping sauce

Related News

NewRetirement Updates And New Features: A Great Retirement Planner

August 10, 2022

CBI books Rotomac Global in Rs 750 crore bank fraud case

November 16, 2022

ClearBridge Energy MLP Strategy Portfolio Manager Commentary Q2 2022

July 31, 2022

Browse by Category

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Recent News

  • Video shows Memphis police beating of Tyre Nichols
  • Nestle to invest $100 million in Colombia, says Colombia president By Reuters

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?