TechCrunch Summary (2023-06-06 05AM)

Source: BOND brings inspirational-driven approach to livestream shopping, raises $2M

Summary
BOND offers an inspiration-driven, interactive shopping experience that puts creators in the driving seat of the livestream shopping experience. Launched in 2022, BOND already has over 65 creators and 50 brands on the platform. The space includes social media giants, such as TikTok and YouTube, but BOND aims to be the first platform to align all incentives for creators, brands and consumers.

Facts

🛍️ BOND is an inspiration-driven shopping platform focused on creator influence with a more interactive shopping experience, allowing creators to connect with their audience in a frictionless shopping experience.

📈 BOND is in a crowded space along with social media giants, TikTok and YouTube, and commerce tech companies, including NTWRK, WhatNot, PopShop Live, ShopThing, Upmesh, buywith, Firework, and Drip.

💰 BOND charges a small take rate from brands on each product sold on the platform, a portion of which goes to the creators incentivized to sell products to their followers.

Source: Zoom brings local data storage to paying European customers

Summary
Zoom will introduce new privacy-focused features and services for its European customers. Zoom will support localized data storage in Europe and will also set up a dedicated technical support team for customers in the region. Additionally, a new tool will be launched for admins to respond to data subject requests, and Zoom will roll out audit log tracking globally.

Fact
💾 Zoom will support localized data storage in the European Economic Area for its premium customers. 👥 Zoom will set up a dedicated technical support team for European customers that opt-in to the program. 🔍 Zoom will roll out audit log tracking globally. 🚪 A new tool will be launched to help admins respond to data subject requests in compliance with GDPR and CCPA regulations. 📊 Data may still be shared with Zoom’s U.S. operations in certain circumstances.

Source: Indian EV two-wheeler startup River raises $15M led by Dubai’s Al Futtaim Group

Summary
Indian EV startup, River, has raised $15 million in funding to take on SoftBank-backed Ola Electric and Ather Energy. The startup, which released its first two-wheeler this year, aims to sell 5,000 scooters a month by the end of 2024. It plans to augment its R&D and go-to-market operations, expand to three Indian cities by the end of the year, and 50 cities across the country by the end of 2024.

Fact

🛵 River, an Indian EV startup that released its first two-wheeler this year, has raised $15 million in funding.

🏭 The Bengaluru-based startup has a 120,000 square-foot facility with an annual production capacity of 100,000 scooters.

🤝 The funding round was led by Dubai’s Al Futtaim Group, with participation from River’s existing investors Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC.

💰 The startup has raised $28 million in total, with $11 million in Series A funding announced in July 2020, and $2 million in seed funding in March 2021.

🚲 River’s first product, the Indie, features 14-inch wheels, crash guards, and front-foot pegs, a 12-liter lockable glove box with a USB charger, and 43-liter under-seat storage.

🔋 River aims to sell 2,000 to 3,000 units of the Indie scooter by the end of the year and reach 5,000 scooters a month by the end of 2024.

Leave a Reply Cancel reply