Hi and invite back to Equity, TechCrunch’s endeavor capital-focused podcast where we unload the numbers behind theheadlines. This is Equity Monday, our week-starting guide in which we go over the latest news
, go into the week ahead, discuss some cool funding rounds, and dive into the current big news from the start-up world.(You can follow the show on Twitter here, and myself here, if you are so likely! Do not forget to have a look at last Friday’s episode also. All the cool kids are doing it.)
What a weekend! After some peaceful, somewhat dull off-week durations, this weekend brought us weaves that were good enjoyable. Many dealt with a possible < a class="crunchbase-link"href="https://crunchbase.com/organization/uber"target="_ blank"data-type="company"data-entity=”uber”> Uber-Postmates bind, so we wrote the show to discuss the transaction’s unconfirmed nature.
It got confirmed. Here’s the second edition of today’s Equity Monday, recast due to the offer’s official nature:
- Uber will purchase Postmates for $2.65 billion in an all-stock transaction. Uber shares were up this morning ahead of the open on the wings of the report– wings that beat even harder after the deal was confirmed. Uber financiers appear delighted, in the meantime, that after losing on GrubHub their company has handled to purchase a smaller gamer. Doing so might offer Uber more utilize over restaurants and drivers, and enhance Uber’s H2 2020 revenue numbers that will still be affected by COVID-19 and its resulting economic impacts.
- Q3 revenues don’t start for tech and other VC-backed business for a bit, and heading into the week the public markets are up. Regardless of all the bad news. The inverse correlation in between bad news (short-term, financial), and stock market gains is slowly moving from joke to sordid reality.
- This week we’re keeping tabs on US and Chinese economic information, the geopolitical scenario in Hong Kong and the India-China border, and Q2 VC data as it comes out.
- We likewise dug into three funding rounds this morning, detailing Scalefast raising $22 million, DigniFi raising $14 million, and AirVet raising $ 14 million as well. More worldwide rounds to come, we promise.
We wrapped today wondering if Postmates can provide a narrative boost to Uber, a company that isn’t going to have the very best Q2 numbers in its history. With Postmates tucked under its arm entering into the earnings call, Uber can double-down on its Uber Consumes narrative, flash Postmates around the space, and guarantee that Rides data will improve as well.
Maybe that would be enough?
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.