FedEx Invests $100M in Indian logistics Giant Delhivery

FedEx Invests $100M in Indian logistics Giant Delhivery

Hello and welcome to Daily Crunch for July 16, 2021. If this is your kind of thing, you can watch the chat here. All right, news time! – Alex

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FedEx Invests $100M in Indian logistics Giant Delhivery
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  • Zomato IPO: The Indian Union-owned Zomato IPO did very well this week, raising a lot of money and is usually oversubscribed. TechCrunch also digs into what the country’s first Unicorn offer could mean for other high-value startups in the country.
  • Big buy from Intel? Back in the US this week news spread that aging chip giant Intel could spend $30 billion on globalfoundries. That’s a lot of money. The deal could enable Intel to make a full-stack chipmaker silicone, just about anything. More capacity to produce at a time of global chip shortage would not be so bad, would it?
  • Delicious Venezuela wants to make supremacy: then there’s Yummy, who has just raised $4 million. It has big aspirations: ride-healing, delivery and much more. The Suprap model may be leading in Asia but it is running globally. It will take more than $4 million to make it delicious. So if things go well, companies will expect a resurgence in short order.
  • Halla has raised $4.5 million to estimate what you’re eating: Big business buying groceries online. In this Amazon is the main remittance of InstaCart. And European grocery delivery services have increased the odds of money. Hala wants to help those companies sell more products by “using human behavior to drive shoppers to their favorite food items and discover new ones while shopping online.”
  • The mix doesn’t start anymore: Banking Tech’s Unicorn Blend has gone public this week. That’s $4 billion or more now, more than the final private round. So consider the company not just as a start, but after that there will be no more private unicorns. Blending software powers the mortgage option in other applications, creating a company that you may not have heard of but used.
  • Rivian again delays EV delivery: Global chip shortages – see our previous note on Intel – are appearing in several places, including Rivian’s ramps, towards the commercial production of electric vehicles. Other problems have gripped the company, but the lack of this chip is the real kettle of fish for companies of all shapes and sizes.

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