CEO Vishal Garg Says Ready For $ 750 Million SoftBank Loan – TechCrunch

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It’s Friday the 13th and I hope nothing bad happened to you today. At least the weekend has come! At the very least, you can catch up on the latest news from Terraform Labs – Binance has stopped trading Luna and UST – and some great podcasts from your favorite TechCrunchers. And be sure to secure your “seat” for our June 1 TechCrunch Live event in Columbus. See you on Monday! – Cristina

The TechCrunch Top 3

  • If Elon doesn’t buy Twitter, at least Snoop Dogg is ready to pounce: Early this morning, Elon Musk tweeted that his Twitter purchase proposal was pending as he calculated the percentage of fake accounts using the social media channel. Although he also tweeted that he remains “committed to the acquisition,” I enjoyed seeing Tweet by Snoop Dogg his desire perhaps to try if Musk doesn’t. His plan isn’t bad, actually.
  • Dine out on Dineout: In some online food order merger and acquisition news, Swiggy said it was acquiring Dineout, the Indian equivalent of OpenTable. This places Swiggy straight into the out-of-home dining business, which has been dominated in the country for some time by Zomato, whose market cap has dropped to around $ 5 billion. It also represents further consolidation within a gigantic market trying to make sense of its pandemic drive.
  • More layoffs: Natasha and Amanda were already busy last week catching up on the myriad of tech layoffs and unfortunately today they have another roster that includes Section4, Carvana and Latch. Meta is also not immune.

Startup and VC

  • On the hook: That’s what CEO Vishal Garg is saying about a $ 750 million SoftBank loan. Garg taking personal responsibility for the loan is responsible for any losses. However, the company could also be hit because any losses could require it to sell many of its holdings in, which could negatively impact the stock. Still a mess no matter how you look at it.
  • Dress up with independent brands: China-based Body404 is betting the West will embrace the next generation of apparel designers who want to give them something other than just a cheaper runway imitation. It was paid off by the fact that the company is now valued at $ 50 million after raising $ 50 million in March. It is also interesting to note that customers do not return clothes – Body404’s return rate is around 2%, much lower than the fashion industry average of 10%.
  • Have fun with a cause: Frank Reig, who sits at the helm of Revel, a company that builds fast-charging hubs for electric vehicles, has reached Rebecca to discuss the company’s shift away from moped sharing and Revel’s distance traveled to promote the adoption of electric vehicles.
  • Watch and get paid: Our attention is precious and is often drawn in different directions. WeAre8 wants to reward you for doing what DVR has allowed us to skip for many years now: watch the ads. The company is led by advertising guru Sue Fennessy, who aims to steer advertising funding away from social media giants like Facebook and funnel it into a good cause.

Pitch Deck Teardown: Dutch’s $ 20 million Series A deck

Pitch deck cover slide with a cute dog, the word DUTCH and TechCrunch Pitch Deck Teardown layered

Image credits: Dutch

As the CEO and founder of the Dutch virtual veterinary care platform, Joe Spector initially intended to raise a $ 15 million A Series, but his pitch deck so skillfully mixed images of adorable pets with market research and traction metrics, which ended up closing a $ 20 million round.

In style, Dutch’s deck tells a compelling story of how the company used its initial funding to launch a service within three months, establish a brand identity, build a team and expand from 12 to 32 states, writes Haje. Jan Kamps in the weekly Pitch Deck Disassembly.

If you’re working on a pitch deck and need some inspiration, start here – all 17 slides are available for TC + members.

(TechCrunch + is our membership program, helping founders and startup teams move forward. You can sign up here.)

Big Tech Inc.

Row, row, row your Peloton: That’s right folks, Peloton is trying to end a tough week on a positive note by adding another oar to the competitive rowing market. After selling my Peloton bike in 2019, this caught my eye when I discovered a love of rowing. I hope the price is a little friendlier to my budget than the bike.

Zoom gets its customer service dayVideo communications giant is acquiring conversational AI firm Solvvy in an effort to deliver customer service experiences within the Zoom toolset. The company’s stock is at the center of the news, so it appears Zoom has chosen wisely.

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