This post is by Alex Wilhelm from Fundings & Exits – TechCrunch
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.
This is Equity
Monday Tuesday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here.
We are back from a long weekend here in America. But not break here in the States can stop the flow of global tech news. So, here’s the rundown:
- The Weekend: Tata bought BigBasket, setting up a fascinating ecommerce war in India. China is cracking down on edtech companies, leading to an IPO freeze. And Wejo is going public via a SPAC. You can read its investor deck here.
- This Morning: The are a zillion funding rounds in Europe and globally this morning, the start of what could be a super busy week’s cycle. Private Equity is buying Cloudera, which is a surprise. Nio had chip shortage issues that impacted its delivery cadence. The Chinese EV company does expect to meet its Q2 delivery goal, however.
- Funding Rounds: Truebill raised $45 million. Chipper Cash raised $100 million. Zenyum raised $40 million. WeFox raised $650 million. Malt raised $97 million. Sennder raised $80 million. idwall raised $38 million. Belvo raised $43 million. And that was not even close to (Read more...)