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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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Wefarm adds $11M to expand its network for independent farmers, now at 2.5M users

TechCrunch

But today comes news of funding for a startup building a social network for what is probably one of the least digital business sectors of all: independent, small-hold farmers in the developing world. Wefarm has raised $32 million since being founded in 2015. million users. million members.

Network 257
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Can social and e-commerce transform the future of the open web?

TechCrunch

It’s also the lifeline that Automattic needs this decade to rebuild the internet in an open direction. The strategy here is simple: Continue opening up larger swaths of the internet to open-source innovation outside of the walled-garden platforms developed by Amazon and Facebook. billion with a share buyback a few months ago.

Social 219
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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.

Games 248
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How Edge as a Service is shaping the future of fan engagement

CIO

It’s the world’s largest cycling event, attracting 150 million TV viewers in Europe alone and 10 million fans across social media platforms. It’s also a huge logistical challenge, requiring a complex network of road closures as well as ensuring millions of spectators enjoy the race safely. The Tour de France is many things.

Sport 246
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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.

Media 52
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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. In addition to the funding round, Trust announced a strategic partnership with social shopping e-commerce platform Verishop. Is the internet advertising economy about to implode?

Marketing 246