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Saturday, February 4, 2023

Meta partnership allows Indian WhatsApp users to search and buy groceries through JioMart – londonbusinessblog.com

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Good morning, crusty pirates. Nice to see you again and I hope you had a nice weekend. On Wednesdays, we’re hosting a healthcare-focused londonbusinessblog.com Live. It will be fun! Tune in here, and if you want be part of the 2 minute pitch exerciseHaje keeps an eye on your applications.

Grab yourself a glass of water now and enjoy some tech news from the TC team! —Christine and hi

The londonbusinessblog.com Top 3

  • To order: Meta joined forces with Reliance Retail and Jio Platforms two years ago to do WhatsApp shopping in India, and manish and Jagmeet writing that customers can now “browse the entire JioMart supermarket catalog on WhatsApp, add items to a shopping cart, and make the payments through local payment UPI without ever leaving the instant messaging service.”
  • Welcome back: Former co-founder and CEO of Amplify, Segun Adeyemi, is back with Anchor, a banking-as-a-service startup helping companies offer financial products in Nigeria and across Africa. It also caught the attention of Y Combinator and other investors, who put in more than $1 million, Tage reports.
  • Hail to the chef: Speaking of YC, Mary Ann and Natasha M linked to report on today’s surprising news that Garry Tan, the founder of Initialized Capital, will become the accelerator giant’s next president and CEO.

Startups and VC

As we all know, the housing market has cycles. Low interest rates mean more purchases and refinancing. Higher interest rates mean much less purchases and refinancing – and a lot of business for fintechs operating in the real estate sector, Mary Ann writes in this week’s issue of the Interchange, our fintech newsletter.

Kli Capital was a run-of-the-mill family office headed by a former tech entrepreneur who opportunistically wanted to support a new fleet of founders. Becca reports that the company shifted gears in the company’s third fund, as it evolved into a multi-LP fund.

A Gen Z VC Speaks Out: Why Gen Z VCs Are Waste

Tech investors born after 1996 have “raised money, accumulated social media followers, and capitalized on the Gen Z mindset,” said Andrew Chan, senior associate at Builders VC.

“Gen Z, however you slice it, are still a bunch of kids. Myself included,” he notes in a TC+ guest post. “Good for them. I don’t want to be a part of it.”

Chan says too many investors in his age cohort rely on “youth, groupthink identification and trust as a substitute for hard work and experience.”

“It might work for now, but if that’s a success for my generation of venture capitalists, I would rather have stayed in my happy little bubble to write geochemistry code at NASA JPL.”

(londonbusinessblog.com+ is our membership program that helps founders and startup teams move forward. You can register here.)

Big Tech Inc.

If you like earplugs that glow, you’ll love it hi‘s review of Angry Miao’s Cyberblade gaming earbuds. We think “these are some of the best-crafted in-ear headphones I’ve ever seen” pretty much sums it up.

Remember the vintage Apple iMac Blueberry? That’s what the rear of the new Aston Martin Valhalla reminds us of. For the real car connoisseurs, Jaclyn writes that this powerful vehicle is being used to “develop a script for its future EVs.”


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The dark side of ChatGPT: Employees and companies need to prepare now

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