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Indian social commerce Meesho raises $570 million at $4.9 billion valuation

TechCrunch

billion, as a growing number of high-profile investors back the Indian social commerce startup that is reporting strong growth despite the pandemic. About 80% of resellers on the platform are women, said Aatrey, who co-founded Meesho with Sanjeev Barnwal in 2015. Everything else was primarily offline.”. Image Credits: Bernstein).

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Indonesian social commerce app KitaBeli gets $10M led by Go Ventures

TechCrunch

Indonesian social commerce app KitaBeli’s team, including founders Prateek Chaturvedi (seated, right front row and Ivana Medea Tjandra (center front row). KitaBeli , an Indonesian social commerce app for group buying, announced today it has raised a $10 million Series A.

Social 201
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Former Snap employees raise $9M for Trust, emerging from beta to level marketing playing field

TechCrunch

Trust wants to give smaller businesses the same advantages that large enterprises have when marketing on digital and social media platforms. Then as part of its community, companies share knowledge of marketing buys and data insights typically reserved for larger advertisers. Trust dashboard. E-commerce sales in the U.S.

Marketing 246
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Catch&Release raises $14M to help marketers find and license content from across the web

TechCrunch

Goodin explained that the company started out as an image research firm before becoming a product-focused, venture-backed startup in 2015. “This isn’t just about UGC, this is about tapping into the creative potential of the internet,” she said. Image Credits: Catch&Release.

Marketing 247
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Epic Games to shut down Houseparty in October, including the video chat ‘Fortnite Mode’ feature

TechCrunch

Houseparty, the social video chat app acquired by Fortnite maker Epic Games for a reported $35 million back in 2019, is shutting down. Founded in 2015, Houseparty offered a way for users to participate in group video chats with friends and even play games, like Uno, trivia, Heads Up and others.

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How to build a social media app: An entrepreneur’s guide

Openxcell

Forbes reports that the number of people using social media worldwide has reached 4.9 Over the last few years, social media has evolved from being primarily a communication channel and entertainment platform to marketing and growing businesses, contributing to significant social and political discussions. billion in 2023.

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China court blacklists cash-strapped apartment rental startup Danke

TechCrunch

After a flurry of local reports exposing the firm’s massive debt, which is reported to be as high as $520 million , a district court in Shanghai placed Ziwutong Beijing Asset Management, the parent organization behind Danke, on the country’s “social credit” blacklist.

Banking 207