Daily Crunch: Bangalore-based UpGrad becomes India's newest unicorn with $185M funding round ' TechCrunch

Subscribe here to receive TechCrunch's top stories and the roundup delivered straight to your inbox each day at 3:00 PDT.We are happy to welcome you to Daily Crunch for the 9th of August 2021. We are so happy that you are here. You will find global startup news, rocket news, IPO news from car-rental companies, and much more. We even offer Extra Crunch discounts to students. It's a technology-and-money smorgasbord. All this in one email. Let's get started! AlexTechCrunch Top 3Turo plans to make its car-rental business public. Turo, an American startup that lets people rent cars to others, is well-known. We are curious to see the numbers. We have been wanting to see the S-1 for a while, and also because we are curious about how they navigated the transit pandemic and changed world in the past 18 months. We will be able to see more information when the company files publicly.Turo, an American startup that lets people rent cars to others, has filed privately to become public. We are curious to see the numbers. We have been wanting to see the S-1 for a while, and also because we are curious about how they navigated the transit pandemic and changed world in the past 18 months. We will be able to find out more when the company files publicly. China's tech crackdown continues: Another weekend brings another set of regulatory steps from China. Tencent and the wider gaming industry could be next in trouble. NetEase was a Chinese gaming giant that suffered enough turmoil to force it to postpone the Hong Kong listing for its music business. Tencent Music is already publicly listed.Another set of Chinese government regulatory actions this weekend. Tencent and the wider gaming industry could be next in trouble. NetEase was a Chinese gaming giant that suffered enough turmoil to force it to postpone the Hong Kong listing for its music business. Tencent Music is publicly traded. SpaceX purchases Swarm Technologies: SpaceX's purchase of Swarm Technologies is a result of seeing a friend connect to Starlink just the other day. What SpaceX does in connectivity space seems more real than it sounds. I was intrigued by the announcement that SpaceX is purchasing Swarm Technologies. What is Swarm's purpose? TechCrunch says that Swarm operates a constellation consisting of 120 satellites the size of a sandwich. It also has a ground station network. However, it is not clear how this may link up with SpaceX's current efforts.Startups/VCLet's start with some unicorn stories, and then we will dive into some early-stage startup news.Indian edtech remains hot. Another day, another unicorn in edtech. UpGrad, a Bangalore-based startup specializing in higher education and upskilling courses, raised $185 million. Temasek was the lead of the round. It was a two-part deal. The first tranche, worth $120million, valued UpGrad at an estimated $600 million.Another day, another unicorn in edtech. UpGrad, a Bangalore-based startup specializing in higher education, has raised $185 million. The company is valued at $1.2 billion. Temasek was the lead of the round. It was a two-part deal. The first tranche, worth $120million, valued UpGrad at around $600 million. Turkey's first startup worth $10 billion: That isn't cool. What is it? $10 billion. That would imply that Trendyol, a Turkish e-commerce platform, is very popular. It is thought that the company is worth $16.5 billion by SoftBank Vision Fund 2, General Atlantic, and SoftBank Vision Fund 2. According to our reports, the company delivers around 1,000,000 packages each day to around 30 million customers. This is a lot of shipping.Let's now talk about some of the younger startups.RentCheck wants to return your deposit. It has raised $2.6million to support its efforts. We all know the problems here so we are more interested in how RentCheck intends to shift the rental market towards renters. TechCrunch explains that the software allows property managers to conduct remote property inspections. This will help more people get their money back.It has also raised $2.6 million to support its efforts. We all know what the problem space looks like so we are more interested in how the company plans to shift the rental market towards renters. TechCrunch explains that the software allows property managers to conduct guided, remote property inspections. This will help them get more money back. Canopy raises $15M to fund loan-servicing software. While the back end is not fun, it's huge and lucrative. Canopy Servicing will be focusing on the fintech market, building software that can help companies offer and service loans better. Credit is a huge problem area. With $15 million in new funding, it will be fascinating to see how fast this API-delivered startup grows.The back end of financial world may not be fun to consider, but it can be lucrative and huge. Canopy Servicing has a goal to disrupt the fintech market by focusing on software that helps companies offer and service loans better. Credit is a huge problem area. With $15 million in new funding, it will be fascinating to see how fast this API-delivered startup grows. CommandBar has raised $4.8 Million. Its technology is a search layer that sits on top of web apps making it easier to search. This is a real kicker. This is why? It can be a hassle to find what you need in web apps if you're not proficient in the application. This happens to everyone. Every day.CommandBar announced today that it raised $4.8 million and has ended its beta phase. Its technology is a search layer that sits on top of web apps making it easier to search. This is a real kicker. This is why? It can be a hassle to find what you need in web apps if you're not proficient in the application. This happens to everyone. Every day. LawVu is creating Salesforce for legal teams: Let's get back to the important topics, even if they are not completely Super Very Cool. Let's talk about software that helps legal teams. LawVu has raised $17 million NZD for its efforts in this space. It is creating a digital space that allows legal teams to communicate, share documents and other information.Let's get back to the important things, even if they aren't entirely Super Very Cool. Let us talk about software that helps legal teams. LawVu, which is active in this space, just raised $17million NZD to support its efforts. It is creating a digital platform for lawyers to communicate, share documents and other information. Moove plans to finance African drivers' cars: Moove was founded after noticing that African car ownership rates were lower than other continents. The startup, which just raised $23million, is working to provide vehicle-backed financing to people who make money from their cars.Brands in the early stages should harness the influencer power.Consider influencer marketing before you hire a marketing professional who doesn't know your products.The phrase may conjure up images of famous people selling hard seltzer. But think again. An influencer can be just as humble as a Reddit user who manages your Telegram account.Jonathan Martinez, Uber's growth marketing manager Jonathan Martinez said:There is no need to look for influencers who have millions of followers. For testing purposes, you can look to microinfluencers, who will be cost-efficient and have the ability to sponsor a wide range of people.(Extra Crunch) Our membership program that helps founders and startups get ahead. Sign up hereBig Tech Inc.Instagram users, there will be ads in your e-commerce experience.Instagram has added a new feature to its advertising business. It allows users to choose between single images or an image carousel option. TechCrunchs Ron Miller interviewed several Twilio executives about their efforts to create an antiracist culture. They want Twilio not to promote racism. That's great. We hope that more companies will follow our lead.Ron Miller, TechCrunchs' Ron Miller, spoke with several Twilio executives about their efforts to be more diversity-friendly. They want Twilio not to promote racism. That's great. We hope that more companies will follow their lead. Facebook under fire for cutting access to research: Congress was furious when Big Blue closed accounts that were connected to a misinformation project. A group of senators is pressing Facebook on the matter of its decision to block access to researchers. This puts Facebook in a position where it has managed to create a negative media cycle and increase congressional oversight all in one move. The company deserves points for efficiency.TechCrunch Experts: Growth MarketingAre you up to date with last week's coverage on growth marketing? You can read the entire article here.TechCrunch invites you to recommend growth marketers who are experts in SEO, social media, content writing, and other areas. This survey is for growth marketers. We want to know why your clients love working with you.CommunityTechCrunch's Managing Editor Danny Crichton will be hosting a Twitter Spaces event tomorrow at 3 p.m. Pacific Time (PDT)/6 p.m. Eastern Time. Noah Giansiracusa (author of How Algorithms Prevent Fake news: Exploring the Impacts on Social Media, Deepfakes and GPT-3), will join Danny.