Both companies were heavily impacted by the onset of COVID-19: Airbnb saw its revenues collapse in 2020, while DoorDash managed a simply incredible 2020 as folks stayed home and ordered in.
Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation
Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. The deal marks SoftBank’s first in the country. The new financing […]
This Week in Apps: In-app events hit the App Store, TikTok tries Stories, Apple reveals new child safety plan
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. […]
Amazon expands same-day Prime delivery to 6 more U.S. cities
Amazon announced this morning it’s expanding its faster, same-day delivery service to half a dozen more U.S. cities. The service, which the retailer has been working to make same-day delivery even faster over the past year, now offers consumers in a number of markets the ability to shop up to 3 million items on Amazon.com, […]
Deliveroo could leave Spanish market ahead of on-demand labor reclassification
Deliveroo said it is considering leaving the Spanish market, citing limited market share and a long road of investment with ‘highly uncertain long-term potential returns’ on the horizon.
Gopuff confirms new $1B cash injection at a $15B valuation to expand its instant grocery delivery service
Gopuff said it plans to use the funding to continue expanding in North America, the U.K. and Europe, among other things.
Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America
Merqueo offers more than 8,000 products, including fresh foods, packaged goods, home essentials, beverages and frozen products. It currently operates in more than 25 cities and has over 600,000 users.