Robinhood raises, Flipkart exits and MoviePass is running out of cash – TechCrunch
Howdy and welcome again to Fairness, TechCrunch’s enterprise capital-themed podcast the place we unpack the numbers behind the headlines.
This week Matthew Lynley, Connie Loizos and myself had been joined by Villi Iltchev, a associate at August Capital.
It was good that we had a full crew on deck, because the information flew thick and various this week. In honor of the information cycle, we took on as a lot of it as we may inside a single episode.
And as we’re positive that you just guessed, we needed to speak in regards to the Flipkart-Walmart deal first. The staggering transaction sees the American IRL commerce big with a confirmed urge for food for e-commerce gamers carry the India unicorn into its fold. That is the second multi-billion-dollar startup deal for Walmart in current reminiscence. (Jet.com was the primary unicorn to seek out new nest within the Walton’s rafters.)
Amazon, naturally, was the loser within the closing deal. Now it must win alone if it may well.
However we couldn’t repine, as there was extra to do. Subsequent up we talked our approach by the brand new Robinhood spherical. Elevating greater than $350 million for a valuation of greater than $5 billion, Robinhood has put itself almost out of the vary of acquisition, as an alternative seemingly betting its future on impartial success. Does the agency have a shot at rising into its valuation?
One firm that did handle exactly that, Dropbox, reported its first quarter’s efficiency as a public firm this week. Actually, it occurred about 37 minutes earlier than we hit file. However regardless of beating identified expectations, it appears that evidently the general public markets had been actually hoping for a bit extra. Dropbox shares sank in after-hours buying and selling after besting each prime and backside traces.
To take us out, we riffed on MoviePass’s continued troubles. Sparing you the main points, issues look unhealthy. Once more.
We needed to depart the Glassdoor deal behind in order that we didn’t run too lengthy, however we’ll be proper again. Keep cool!
Fairness drops each Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all of the casts.
Supply hyperlink – https://techcrunch.com/2018/05/11/equity-podcast-robinhood-raises-flipkart-exits-and-moviepass-is-running-out-of-cash/