Daily Crunch: TechCrunch’s 2021 holiday gift guide: Our favorite gadgets for less than $100 – TechCrunch
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Hello and welcome to Daily Crunch for Thursday, December 16! A small note that Greg is taking over this newsletter tomorrow, as I am burning through a spare personal day that I had to use or lose. From the TechCrunch side of things, it’s a great day to check out all our Totally Awesome newsletters. Tap into our reporting and thinking! For free! —Alex
P.S. This gift guide is a godsend for anyone on a budget!
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The TechCrunch Top 3
- Byju’s could go public via SPAC: In the wake of Grab’s mega-SPAC deal, Indian edtech giant Byju’s could be prepping to take a similar path to the U.S. public markets, TechCrunch reports. Our own Manish Singh notes that Byju’s is “seeking a valuation of over $45 billion and looking to raise as much as $4 billion” in the transaction.
- Reddit files to go public: Speaking of mega-public offerings for early 2022, Reddit announced today that it filed to go public. The social company’s filing is still private, but TechCrunch has questions, y’all. It’s a tossup regarding which dataset we’re more excited about between Byju’s and Reddit, but the start of next year is looking busy. Already.
- Tech’s collective lobbying group falls apart: The Internet Association is winding down, TechCrunch reports. The lobbying group once represented a diverse set of tech companies, which was perhaps its downfall. Given that its members don’t agree on all matters, the shattering is not a surprise in retrospect. And considering how much tech regulation could land in the next few years, what rises in the void left by the Internet Association will be fascinating.
Startups/VC
As we did yesterday, we’re taking a deeper look at a few key startup stories today, and then running through a host of smaller items so that we can get as much of our reporting into the newsletter as possible!
- You can’t kill Cockroach Labs: Not that anyone was trying — that’s just the wittiest riff we could come up with to introduce our reporting that the database company just raised a bunch of new capital at a $5 billion valuation. That’s up from $2 billion earlier this year. Our own Ron Miller writes that Cockroach “has 200 paying customers, with the cloud side of the business growing at 500% over the last year and ARR tripling YoY from Q3 to Q3.” We want hard numbers, but those are at least directionally interesting.
- Gopuff is raising $1.5B, could go public next year: Circling back to 2022 IPOs, quick delivery company Gopuff is working to raise around $1.5 billion in convertible debt at a roughly $40 billion valuation. And, our own Ingrid Lunden reports, the SoftBank-backed company could go public next year. If it …….
