News Headline: Daily Crunch - Uber sells its delivery business in India

Wednesday, January 22, 2020

Daily Crunch - Uber sells its delivery business in India

Tuesday, January 21, 2020 • By Anthony Ha

Happy Tuesday

Zomato buys Uber’s food delivery business in India, VC Mike Rothenberg faces a $31 million fine and an ad attribution startup raises a hefty Series D. Here’s your Daily Crunch for January 21, 2020.

Uber sells food delivery business in India to Zomato

Uber just announced that it has sold its Uber Eats business in India to local rival Zomato. This is part of an effort to shed money-losing operations and become profitable by next year. As part of the deal, Uber will own 9.99% of Zomato.

TechCrunch reported last month that a sale was in the works, and now we’re hearing that it values Uber Eats' India business at between $160 million and $200 million.

Uber sells food delivery business in India to Zomato image

Image Credits: Budrul Chukrut / SOPA Images / LightRocket / Getty Images

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Court rules Mike Rothenberg must fork over more than $31 million to settle SEC allegations

Rothenberg previously settled with the SEC, but there was more to come, with the regulatory body conducting a forensic audit in partnership with the firm Deloitte and concluding that he misused or misappropriated $18.8 million of investor funds.

AppsFlyer raises $210M for ad attribution and more

Founded in 2011, the company is best known for mobile ad attribution — allowing advertisers to see which campaigns are driving results. At the same time, AppsFlyer has expanded into other areas like fraud prevention, and its latest investor described attribution as “the core of the marketing tech stack.”

Image Credits: Mix3r / Shutterstock

Venmo woos retailers with branded, animated stickers for its newsfeed

For example, one of the new stickers features a hoagie sandwich broken in half with text that reads "split the bill." Another depicts a spinning pizza. One includes two characters pushing an IKEA shopping cart — and IKEA isn't the only brand to be included.

Personio, the German HR platform for SMEs, raises $75M Series C at a $500M valuation

Combining human resources, recruiting and payroll into a single platform, Personio bills itself as an "HR operating system" for small and medium-sized companies (SMEs) ranging from 10 to 2,000 employees.

Three takeaways from the 2019 venture capital market

Alex Wilhelm digs into the Q4 venture capital market — specifically unpacking three pieces of data that stood out in the Crunchbase News Q4 global report, along with PitchBook and NVCA's comparative, U.S.-focused Q4 data dive. (Extra Crunch membership required.)

This week's TechCrunch podcasts

The latest full-length episode of Equity looks at Visa’s acquisition of Plaid, while the shorter Monday segment discusses the aforementioned sale of Uber Eats. Meanwhile, the Original Content team has thoughts on Netflix’s Oscar nominations.