Yıldız Ventures Newsletter – Jul’22
Breaking News - 🛒 Online grocery:
🚀 Usage of top grocery apps hits record in Q1’22, data shows - link
❗ Insiders at $12 billion ultrafast delivery startup Getir describe a culture that chews through workers, sends delivery people to the ER, and has 'zero' chance at profitability - link
💰 Zomato acquires Blinkit for $568 mn in instant-grocery delivery push - link
🎌 DoorDash kicks off dark store-powered rapid delivery as a service - link
❗ JOKR leaving US, ‘for now,’ to focus on LatAm - link
🆕 Ocado’s one-hour delivery arm Zoom by Ocado launches first major marketing campaign - link
❗ Zapp in talks to leave Amsterdam, the city fast becoming the grave of speedy grocery - link
❗ Fast-Delivery Startup Jokr Cuts Back US Operations to Focus on Latin America - link
💰 Gorillas Turns Focus to Profitability After Market Stutters. - link
🦍 Gorillas Explores Options, Weighed Deals With Delivery Rivals - link
❗ Gorillas in the Midst of Funding Crisis as Firm Tightens Belt - link
❗ Layoffs are happening across the speedy grocery delivery sector as Gorillas is firing half of its employees at its Berlin headquarters just eight months after its most recent funding round. Glovo is cutting almost 40% of employees from Foodpanda’s Romanian office just months after its acquisition. Zapp is in talks to cut 10% of its staff. And Getir, which is currently valued at $12 billion, is looking to axe 14% of its staff globally
📣 Deliveroo launches advertising platform pitched at fmcg brands - link
📣 Deliveroo’s rapid grocery arm Hop launches ‘as-a-service’ model - link
📉 The delivery market is coming down from its pandemic highs - links
💰 DoorDash buys food delivery startup Wolt. After more than six months of jumping through legal and regulatory hoops, DoorDash's €7bn deal for its competitor Wolt is finally complete. - link
💸 Egyptian q-commerce platform Appetito bags Lamma for over $10M - link
🎌 With ride-hail and delivery launch, Fenix wants to be the Bolt of the Middle East - link
📉 Australian grocery delivery startups face funding difficulties as venture capital checks out - link
Startups / VC News:
📉 Venture Funding Set to Hit Lowest Level Since 2020 - link
🚀 KPMG’nin startup’lara büyüme yolculuklarında ışık tutacak Startup Başarı Rehberi yayımlandı - link
🚀 Helo! Investment Spotlight: May 2022 Turkish Startup Report - 35 investments from 19 different industries created a total value of approximately USD 44 million, while wellness/beauty, e-commerce, gaming, delivery/logistics and HRTech are among the leading industries. – link
💸 Dijital sağlık girişimi Albert Health, Sabancı Ventures liderliğinde 1 milyon dolar tohum yatırım aldı. - link
💰 İzmir merkezli B2B e-ticaret platformu DepoDone, 15 milyon dolar değerleme üzerinden yatırım aldı - link
🚚 Wonder, a food delivery startup, raised $350M at a $3.5B valuation. Created by the founder of Diapers.com (sold to Amazon) and Jet.com (sold to Walmart), Wonder has a new take on food delivery. It sources famous chefs to create recipes on mobile restaurants (recipes are cooked inside minivans!) - link
❗ VC market faces 'rational reality' reset, investors warn - link
🌎 Mükellef, yeni markası Workhy ile globale açılıyor - link
❗ How bad is Big Tech’s hiring freeze? - link
📉 SaaS valuations slide for late-stage deals I link
💰 One-Stop-Shop ödeme geçidi sunan yerli fintech Craftgate, 2 milyon dolar tohum yatırım aldı - link
💄 The Glimpse Group acquires PulpoAR, a Turkey based AR technology e-commerce company providing virtual try-on solutions primarily for the Beauty and Retail markets - link
📚 Odilo, “Netflix” for education, a Madrid-based startup that has built a white-label platform used by businesses or organizations to build their own customized e-learning offerings in a B2B2C model, has picked up $64 mn - link
📈 Merkeziyetsiz borsa platformu Mangata, Paribu Ventures'ın da katılımıyla 4.2 milyon dolar yatırım aldı - link
💸 Erken aşama şirketler için finansal çözümler sunan Debite, 2.5 milyon sterlin yatırım aldı - link
E-commerce / Grocery: 🛍️
🅰️ Amazon cancels, delays wave of warehouse plans as e-commerce demand cools - link
🛍️ Shopify: Amazon-like e-commerce expansion comes with big bills - link
🏠 Türkiye'nin önde gelen e-ticaret platformlarından Trendyol'un gayrimenkul ayağı olan Trendyol Emlak açıldı. - link
🛒 Cross-shopping grocery stores - Multiple grocers, one order: How a heartland delivery firm is recreating multi-store shopping online - link
📣 Hepsiburada’ya Amazon modeli: Premium üyelerine BluTV ücretsiz olacak - link
❌eBay to Lose 4 Million Active Buyers After Shutting Down Turkish Marketplace GittiGidiyor / Türkiye’nin en köklü e-ticaret platformlarından GittiGidiyor kapanıyor - link - link
🛍️ eBay is launching an interactive live shopping platform - link
💰 B2B marketplace scores Pakistan’s largest series A with $37m raise - link
📣 Boyner'den hızlı teslimat odaklı önce dene sonra öde servisi: Boyner Now - link
📣 Zara may be in the midst of changing the parameters of e-commerce returns for apparel retailers by charging for some returns. - link
🛍️ Inside the Perfect Storm Battering the Amazon Aggregator Ecosystem - link
🅰️ Amazon is still coming up short with online grocery: report - link
🅰️ To manage high-demand products, Amazon unveils invitation-based ordering system - link
🔥 Pardon the Disruption: A wave of regional grocery M&A is coming - link
🥗 Yemeksepeti CEO’su Mert Baki, markanın değişen tasarımını, şirketin hedeflerini ve yeni projelerini anlattı - link
Online -> Offline
🤝 Ocado has extended its partnership deal with French retailer Groupe Casino, the British online supermarket and technology group. The extension includes the creation of a joint venture to provide logistics services to Ocado-powered customer fulfillment centers in France, which will be available to all grocery retailers. - link
🤝 Asda and Uber Eats expand partnership to more than 400 stores - link
🅰️ Amazon announces its first fully autonomous mobile warehouse robot - link
🤝 Instacart and Walmart Canada launch virtual convenience store - link
Offline -> Online
🤝 J&T, Foodpanda team up to provide next-day delivery in Singapore - link
👓 Walmart is acquiring Memomi, an AR startup powering virtual try-on for eyewear link / Walmart, AR girişimi Memomi'yi satın aldı - link
🧱 + 🖱️ Retail Startup Brik + Clik Explores New Ways For Digital Brands To Get Physical - link
🛍️ Walmart is using its thousands of stores to battle Amazon for e-commerce market share - link
🛍️ Walmart launched a lot of apparel and home brands. Now, that strategy will be put to the test - link
🥗 Migros, "Migros Yemek" servisi ile online yemek siparişi sektörüne adım attı. Migros'un online kanallardaki gelişimini artırmak amacıyla kurduğu Migros One uygulaması, Migros Yemek servisi ile birlikte online yemek siparişlerini kullanıcılarına ulaştıracak. – link - link
💸 Turkcell, dijital banka kurmak için ilk adımı attı - link
🛍️ Turkcell'den yeni e-ticaret çözümü: Paycell Vitrin - link
FoodTech / Food Companies🍲
💰 Big food companies’ stake in the future – in-house venture-capital funds - link
🔬 The cell-based consumer goods & raw materials industry landscape - link
🌿 Gıda teknolojilerinde yeni bir halka: Karanlıkta bitki yetiştirilmesi - link
🍫 What's behind major mults delisting Mars vegan choc? Mars insists its chocolates should be ranged in the free-from aisle, despite being unable to label its chocolate ‘100% dairy-free’ - link
Recommended by LinkedIn
🍫 Confectionery giant Hershey has applied for a patent to protect its technique of replacing milk proteins in chocolate with roasted grains, such as corn, oats, millet, rice, sorghum, or wheat, which it claims makes it less unhealthy than dairy chocolate. - link
🍫 Mondelēz International is buying snack bar maker Clif Bar & Company for $2.9 billion, expanding Mondelēz’s global snack bar business to more than $1 billion and giving it major presence in the category. FYI: it took Clif Bar 30 years to grow the company to $900M in sales and the exit is around a 3.2x rev. multiple - building a food business is hard. - link
🍫 Mars, Inc. has partnered with Perfect Day, Inc. to launch its first animal-free and earth-friendly chocolate line, under new brand CO2COA, featuring Perfect Day’s whey protein, made via precision fermentation - link
🍔 Andreessen Horowitz backs SCiFi Foods as it develops cell-cultivated, plant-based burger - link - link
🥛 Brown Foods ushers in new age of dairy, raises a ‘latte’ money for cowless cow’s milk - link
❗ Brands, government and consumers can’t rely on unhealthy food. The government’s decision to postpone bans on advertising for junk food and multibuy deals on salty and sugary snacks in the UK is understandable, but it also raises some difficult questions - link
🍪 Big food’s unhealthy products leave bitter taste for ESG investors - link
💰 Nestlé announced it is buying Brazilian healthy food company Puravida, that’s generated revenue of R$300 million during the six years since its inception, for an undisclosed amount. I link
🍫 Chocolate giant Barry Callebaut is expanding its Plant Craft collection with the introduction of dairy-free organic chocolate to “optimize new opportunity in the world of indulgence”. - link
📣 Co-op and Microsoft team up to create new food redistribution platform - link
♻ EG Group stops one million meals from going to waste in UK with Too Good To Go - link
💰 Üniversitede doğan yerli sağlıklı gıda girişimi Pacha, ikinci yatırım turunu tamamladı - link
Sustainability:
♻ Can investors make retail sustainable? - link
♻ Şeffaflık ve İzlenebilirlik Tüketici Araştırması 2022 Sonuçları Açıklandı - link
🎞️ Harvard Business Review – Sürdürülebilirlik Zirvesi 2022 - link
Metaverse / Blockchain:
📉 Bitcoin posts its worst quarter in more than a decade - link
👓 2022'nin ilk çeyreğinde Metaverse NFT'leri pazara liderlik etti - link
💰 EBay Acquires NFT Marketplace KnownOrigin for Undisclosed Amount - link
🤵 Damat Tween metaverse'te - link
❗ Why the $2 trillion crypto market crash won’t kill the economy - link
💰 McKinsey: Metaverse may create $5 trillion in value by 2030 - link
👓 Metaverse evreninde alışveriş yapmak isteyenlerin oranı yüzde 38 - link
👓 COMEARTH: Polygon ve NFTically iş birliğiyle e-ticaret odaklı Metaverse -
📣 Ethereum just completed a successful dress rehearsal for its most important upgrade ever - link
✨As DAOs continue to blossom, here’s how to keep yours from wilting - link
📣 PayPal allows transfer of crypto to external wallets - link
💰 Immutable launches $500M fund to boost web3 gaming adoption link / Immutable, Web3 oyun ekosistemi için 500 milyon dolarlık fon kurdu - link
❗ US market regulator probes Binance for token offering in 2017 - link
🌎 Tommy Hilfiger expands Roblox partnership - link
🔥 Top crypto firms go on the hunt for acquisition targets as market crashes - link
👛 Teknasyon'dan kripto cüzdan uygulaması: Getwallet - link
💰 Binance Labs Closes $500M Investment Fund to Boost Blockchain, Web3, and Value-Building Technologies - link
👚 Prada plans monthly product, NFT drops - link
👓 Gucci opens persistent digital space on Roblox - link
❓ Stablecoins: Are they no longer safe? - link
📢 Blockchain Talks'un ilk bölümünde Web3 ve topluluk destekli iş modellerinin geleceği konuşuldu - link
❌ Crypto ‘risky, flawed and unproven’ — tech experts - link
🔥 Metaverse dünyasının oyun kurucusu Türkiye’ye geliyor! - link
💸 Defimec Blokzincir Teknolojileri, Tamer Capital’dan 6 milyon dolar değerleme üzerinden yatırım aldı - link
Logistics / Fulfilment:
📦 Walmart sees a future where drones swoop in to rescue delivery orders from stalled robots, a new patent shows - link
🚚 UPS strengthens same-day delivery services with Delivery Solutions acquisition - link
📢 Amazon says it will begin delivering packages by drone in California later this year - link
🤝 n11, hızlı teslimat için yerli girişim PackUpp ile anlaştı - link
🦅 Drone ile teslimatlar gerçekleştiren Wingcopter, 42 milyon dolar yatırım aldı - link
🚚 Deliveree is smoothing Southeast Asia’s bumpy logistics landscape - link
📘 Worth Reading
📈 Which commodities are still rising and how high can they go - link
🔥 PitchBook Analyst Note: Emerging Tech Braces for Impact - How today’s market turmoil is affecting 11 key technology verticals – link
📉 📈 It’s Time to Start Buying Big Tech Stocks Bargains, Says This Bearish Analyst - link
📉 Elon Musk wants to cut 10% of Tesla jobs. Per Reuters, Musk told Tesla executives to pause all hiring worldwide because he has a "super bad feeling" about the economy. - link
✨ Apple to offer ‘buy now, pay later’ credit in challenge to Klarna and Affirm - link
📢 Üretim Bandı & Migros One Ürün Yönetimi Raporu 2022 yayınlandı - link
✨What CEOs Need to Know About Deep Tech (BCG) - link
♻PwC Türkiye geçtiğimiz günlerde “Gelecek Trendleri Araştırması” başlıklı bir rapor paylaştı. - link
🎞️ Worth Watching
👛 The Future of the Wallet - link
⭐ News from Yıldız Ventures Companies
🔥 Kolay İK 1.9 milyon dolar yatırım aldı. Yatırım turuna Gözde Tech Ventures, Maxis Yenilikçi Girişim Sermayesi Yatırım Fonu, Aktif Ventures Mindvest Fonu ve Galata Business Angels da katıldı - link - Announcement 🚀
🎧 Yildiz Ventures'ın sponsorluğunu üstlendiği DAOTalks podcast serisi ilk bölümüyle yayında! - link
💪Yıldız Holding ile UN Women, kadın girişimciliğini desteklemek için güçlerini birleştirdi - link
💰 500 Global’in yatırımcıları aralarında bulunduğu yerli oyun girişimi Cypher Games, Play Ventures liderliğinde 3.2 milyon dolar yatırım aldı - link
💸 Refine, 500 Global liderliğinde 1 milyon dolar tohum yatırım aldı - link
💸 Revo Capital - Massive Bio Raises $9 Million to Scale Growth and Fuel Global Expansion of Its AI-Enabled Oncology Clinical Trial Platform - link - link
💸 Earlybird fonunun yatırımlarından yerli siber güvenlik girişimi Picus’a Mastercard azınlık yatırım yaptı - link
💰 Param, Avrupa İmar ve Kalkınma Bankası (EBRD), CEECAT Capital, Alpha Associates ve Revo Capital’ın katıldığı ilk yatırım turunda 200 milyon doların üzerinde değerleme ile yatırım aldı. - link
📦 Beenext lead seed round of Indonesian logistics firm Biteship - link