Citing ‘global market uncertainties’, Sea flatlines Shopee India – TechCrunch

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Hello and welcome to Daily Crunch for Monday, March 28, 2022! Unfortunately, I knew this day would come, and here it is. cristina and Hello They’re taking over my Daily Crunch snippets from now on, though I’ll be back occasionally to replace them when they’re on break. Not that I’m leaving TechCrunch. Not a bit of that. I’m going to work at TechCrunch+ as my main project, so I leave them in your very capable hands.

As a complement, Walter I will continue to write the TechCrunch+ section, for which I am very grateful. It has been a great pleasure writing for you here for so many months. a hug and good luck! — Alex

TechCrunch Top 3

  • Sea’s Shopee closes operations in India: Singapore’s Sea is closing its Shopee e-commerce business in India, but not for the reason you think. While the announcement follows India’s decision to ban popular Sea title “Free Fire” in the country last month, TechCrunch reports that the company insists the reason is “global market uncertainties.” Shopee’s site wasn’t even a year old.
  • Apple wins an Oscar: If you watched the Oscars last night, you surely took away one conclusion: AppleTV+ was the first streaming service to win the award for best picture. Nothing else about the event stood out at all, no sir. Nothing. There are no tweets, shots, or other content that discusses other Oscar happenings. Only Apple beat Netflix to the top of the Oscars.
  • It’s slowdown start here? We are days away from a rush of Q1 2021 startup data, but there are some vibes we can feel that indicate, yes, the funding market is slowing down. A lot? It’s too soon to say that. What’s more, a slowdown from all-time records does not indicate a correction, let alone a start-up recession. There is still money flowing, and the funds that raised huge capital funds have yet to allocate it, slowdown or not.

Startups and VCs

Elon Musk may be threatening to launch his own social media platform, but Amanda today eloquently argues why it’s too early to complain about it on Twitter. “When it comes to Musk following his crazy Twitter ideas, his record isn’t great,” she concludes dryly.

It seems that the French accelerator The Family is going through a bitter family feud. sue one of its co-founders for alleged forgery and “diversion of 3 million euros that were supposed to be invested in various startups”

Oh, and don’t miss Natasha’s Startups Weekly newsletter where, this week, she’s delving into how we are trying to reinvent startup accelerators over and over again.

Use RevOps to develop a customer-led approach to B2B sales

Conceptual image of a gold piggy bank and a stethoscope isolated on pure white, selective focus on the piggy bank

Image credits: malamus-EN (Opens in a new window) / fake images

Employees are hired to do a specific job, which is why even early-stage startups can become isolated.

Companies that find ways to integrate their sales pipeline and customer success operations have an advantage, writes Erol Toker, founder and CEO of Truly.co.

“Optimizing your unique path to better connect with customers requires having a cross-functional team that is uniquely focused on that goal and sees the customer as their guiding star,” says Toker. “We call that RevOps.”

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

great tech inc

  • Pinterest adds $1.2 million to its fund for creators: Compiling a creator pool is a move platforms make to attract more users to design things for their website or app. That’s the basics. Pinterest has a smaller creator pool than some rivals, but has had a welcome focus on bringing money to underrepresented people. TechCrunch reports that the former company has earmarked “an additional $1.2 million in a mix of cash grants, ad credits, and other resources from creators for underrepresented groups.” More of this please.
  • Spotify makes it easy to find new podcastsSpotify is a bit in the news right now, launching a new podcast discovery tool, tied to its $50 million acquisition of Podz last summer, and shut down its services in Russia over the country’s draconian “fake news” lawswhich prohibits footage of the brutal Russian invasion of Ukraine that contradicts Russian narratives.
  • Apple fine in the Netherlands reaches maximum: Not sure if Apple is breathing a sigh of relief as its fines, following an antitrust order over payment technology for dating apps, have maxed out at $55 million. This is after Apple adjusted its most recent offer, with TechCrunch reporting that the amended proposal “should result in definitive terms for dating app providers.” The company could face further fines if regulators disagree.
  • SpaceX halts production of Crew Dragon capsules: For those of you worried that SpaceX will continue to make new Crew Dragon capsules, fear not. Instead, the company says four is enough and it will focus on renewing its current fleet, which we report is “the only reusable vehicle used by NASA to transport astronauts to and from the ISS.”
  • PayPal’s Happy Returns service now free: PayPal Checkout merchants can now take advantage of the Happy Returns returns and exchanges portal software for free. Ulta Beauty is leading the charge by rolling out Return Bars at its 1,300 locations. From PayPal acquisition 2021 software and logistics service, the number of Return Bars has grown to more than 5,000.
  • TikTok is testing a feature so you’ll never miss a video again: Sometimes you’re just not ready to watch a video, but when you go to get it, you can’t. This has been such a problem that users have posted their own solutions. Well, TikTok listens to you and is now testing a “view history” feature for your “For You” page so you can catch up on any of the shenanigans you missed.

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