LeadSquared turns into India’s latest unicorn

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Good afternoon, you high-quality people! We hope you had a stunning weekend. Christine is off on a well-deserved vacation, and I’m going to be engaged on some particular tasks for a couple of weeks (together with my tan and my browsing expertise), so beginning tomorrow, we are going to depart this honest publication within the succesful palms of Kyle. Give the person a observe on Twitter — you’ve seen a ton of his writing linked to from this article, and I like his writing usually, so that you’ll have a blast.

Oh, and when you wanna come hand around in particular person, we only have, like, 50 tickets left to our summer party. Come hang around and be jolly!

Oh, and when you wanna brighten your day and mine — let’s go mad with cat gifs on my Twitter account. Go on, let’s have a bit of cat-gif sharing social gathering. — Haje 

The TechCrunch Prime 3

  • Oh dear, who tripped over the wire again? Cloudflare is a cornerstone of the web, which is reassuring and beautiful, till all of it falls aside. An enormous variety of companies, together with Discord, DoorDash, Crunchyroll, NordVPN and others had important outages when Cloudflare took a mud nap for a couple of hours. Issues ought to be up and whirring once more now, and little question the Cloudflare ops groups could have a few intense weeks determining what occurred and tips on how to stop it sooner or later, Manish writes.
  • The <?= ordinal($cutcounter++); ?> cut is the deepest: Klarna is reportedly contemplating elevating at a $15 billion valuation — an enormous haircut from its mid-2021 $45 billion valuation. Over on our subscription product TechCrunch Plus, Alex makes it make (extra) sense.
  • LeadSquared grows a unicorn horn: Manish experiences that LeadSquared raised $153 million in a Sequence C funding spherical that valued it at $1 billion. The spherical was led by Westbridge Capital, and the startup is now seeking to broaden its product with new options, together with gross sales efficiency analytics and a collection of instruments to digitize software processing.

Startups and VC

I adore it when massive, bold tasks flip into viable firms. Brian’s report on how Impossible Mining is combing the seafloor for battery metals very a lot tickles my curiosity bones. It employs bacterial respiration to “liberate” metals from rocks, and the corporate raised $10 million to, ahem, go a bit of deeper.

You already know what actually grinds my gears? You already know when customer support people appear to be so painfully pleasant, but additionally as ineffective as an ice-cream tea cozy? Neuron7 is using some clever tech to help customer service folks find data and solutions extra shortly, and simply raised $10 million to do exactly that, Kyle experiences.

Let’s look a bit of deeper:

Write a TechCrunch+ visitor put up that would assist somebody navigate this downturn

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We final up to date our submission pointers for TechCrunch+ visitor posts in June 2021, however loads has modified since then.

These are unsure instances, however expertise is the very best trainer, which is why we’re searching for visitor articles that may assist others navigate this downturn.

As a result of the stakes are so excessive, we’re not searching for articles that share “thought management” about basic challenges folks within the tech business are going through proper now.

We’re solely taken with posts providing actionable recommendation which can be written by authors who’ve expertise working underneath adversarial financial circumstances.

When you’ve got an thought, please review our new submission guidelines and get in contact.

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

Massive Tech Inc.

Coding simply will get simpler, because the instruments and frameworks change into extra highly effective and smarter. One instance of that’s Copilot, GitHub’s AI-powered programming assistant, which grew to become usually out there, as Kyle experiences.

Over on the fowl sanctuary, the narrative trundles on, with Ivan reporting that Twitter is asking its shareholders to approve the $44 billion takeover by Elon Musk.

And at last, I used to be stanning exhausting for Amanda’s panel at our Local weather occasion final week — she tackled the query of whether or not capitalism can solve climate change. I’m not gonna spoil it for you — simply learn her wonderful piece on our subscription service TechCrunch Plus. And when you end that one, get into Harri’s TC+ piece the place she asks “How doomed are we?” on the local weather query. Ugh, I can’t consider I get to work with sensible, passionate writers like them. Fortunate me!

There’s extra — much more:

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