With $153M Series C, LeadSquared becomes India’s newest unicorn – Nob6

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Good afternoon, you positive 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 initiatives for just a few weeks (together with my tan and my browsing expertise), so beginning tomorrow, we are going to depart this honest publication within the succesful fingers of Kyle. Give the person a comply with 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 solely have, like, 50 tickets left to our summer season celebration. 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 somewhat cat-gif sharing celebration. — Haje 

The Nob6 Prime 3

• Oh pricey, who tripped over the wire once more? Cloudflare is a cornerstone of the web, which is reassuring and wonderful, till all of it falls aside. An enormous variety of providers, together with Discord, DoorDash, Crunchyroll, NordVPN and others had vital outages when Cloudflare took a mud nap for just a few hours. Issues needs to be up and whirring once more now, and little doubt the Cloudflare ops groups could have a few intense weeks determining what occurred and the way to forestall it sooner or later, Manish writes.
• The <?= ordinal($cutcounter++); ?> lower 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 Nob6 Plus, Alex makes it make (extra) sense.
• LeadSquared grows a unicorn horn: Manish stories that LeadSquared raised $153 million in a Collection C funding spherical that valued it at $1 billion. The spherical was led by Westbridge Capital, and the startup is now trying to broaden its product with new options, together with gross sales efficiency analytics and a collection of instruments to digitize utility processing.

Startups and VC

I like it when huge, bold initiatives flip into viable corporations. Brian’s report on how Unattainable 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 somewhat deeper.

You understand what actually grinds my gears? You understand when customer support people appear to be so painfully pleasant, but additionally as ineffective as an ice-cream tea cozy? Neuron7 is utilizing some intelligent tech to assist customer support people discover information and options extra shortly, and simply raised $10 million to do exactly that, Kyle stories.

Let’s look somewhat deeper:

• God solely is aware of it’s not what we might select to do: Oh I like, love taking part in with Dall-E as a lot as the following man, and it delights me {that a} Ukrainian deep tech startup has skilled an AI to color warfare artwork, as Natasha L stories.
• Simply one other brick within the wall: Kyle stories how development SaaS firm Be part of secures new money to turn out to be a substitute for the Excel and different email-based workflows that many development stakeholders use to make selections about initiatives.
• Tongue-tied and twisted, simply an earthbound misfit: NFT market Magic Eden, launched simply 9 months in the past, has raised $130 million in a Collection B spherical co-led by Electrical Capital and Greylock Companions, bringing its valuation to $1.6 billion, writes Jacquelyn.
• We don’t want no educ… Wait, sure, really, we do:  Kibo College will get $2 million to supply on-line STEM levels to college students in Africa,  Annie stories.
• The solar is eclipsed by the moon: On our Chain Response podcast, Lucas and Anita spoke with Aaron Levie — CEO at Field — about the place web3 is sensible, and the place it doesn’t.
• There’s somebody in my head however it’s not me: Apropos podcast, I cherished Natasha M’s roundup of her favourite tech podcasts.
• In case your head explodes with darkish forebodings: We’ve been overlaying how Brex ditched small companies, however it didn’t actually make good sense to us — till Mary Ann dove in and dug into why Brex actually determined to ditch SMBs.

Write a Nob6+ visitor put up that would assist somebody navigate this downturn

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We final up to date our submission tips for Nob6+ visitor posts in June 2021, however rather a lot has modified since then.

These are unsure instances, however expertise is the most effective trainer, which is why we’re on the lookout for visitor articles that may assist others navigate this downturn.

As a result of the stakes are so excessive, we aren’t on the lookout for articles that share “thought management” about common challenges individuals within the tech business are dealing with proper now.

We’re solely concerned about posts providing actionable recommendation which are written by authors who’ve expertise working below antagonistic financial circumstances.

You probably have an concept, please assessment our new submission tips and get in contact.

(Nob6+ is our membership program, which helps founders and startup groups get forward. You may join right here.)

Massive Tech Inc.

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

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 arduous for Amanda’s panel at our Local weather occasion final week — she tackled the query of whether or not capitalism can clear up local weather change. I’m not gonna spoil it for you — simply learn her wonderful piece on our subscription service Nob6 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 good, passionate writers like them. Fortunate me!

There’s extra — much more:

• A soul in rigidity that’s studying to fly: Sarah stories that after a few years, Twitter is bringing again its long-lost developer convention, Chirp.
• New automotive, caviar, 4 star daydream; suppose I’ll purchase me a soccer group: Dangerous information for crypto followers, as Bitcoin dipped below $20K and Ethereum took a dive into triple digits because the market free fall continued over the weekend, Lucas stories.
• I open my door to my enemies and I ask if we are able to wipe the slate clear: Tesla has been within the information a bit, most not too long ago for being sued by former staff for allegedly violating federal regulation throughout “mass layoffs,” as Jaclyn stories.
• Cash it’s against the law / share it pretty however don’t take a slice of my pie: Aisha stories that Meta is about to roll out new monetization instruments on Instagram and Fb, together with a market for creators.
• You’re older, shorter of breath, and at some point nearer to loss of life: Dunno ’bout you, however I’m getting actually bored of corporations which are shedding my private particulars. This time it’s Flagstar’s flip, with a information breach affecting 1.5 million clients, Carly stories.
• I’m so afraid of errors that I’ve made: And whilst I rage about Flagstar’s report, they’re n00bs in comparison with the ex-Amazon worker who was convicted over a knowledge breach affecting 100 million Capital One clients. The breach of Capital One’s cloud information, a lot of it saved on Amazon’s cloud, was one of many greatest hacks of the last decade, Zack stories.