Daily Crunch: Japanese Marketing Tech Firm Geniee Acquires Zelto For $70M

Daily Crunch: Japanese Marketing Tech Firm Geniee Acquires Zelto For $70M

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Hello crispy crunchy! If you've relaxed and haven't bought yourself a cripple yet, great, we still love you. But here's a tip: this is your last chance to get Super Early Bird tickets, so might as well get there asap! - Christine Vahage

Top 3 on TechCrunch

  • All Roads Lead to Acquisition : After Japanese genius AdPushup, player Zelto was acquired by Manish for $70 million, Manish writes. He called the deal a "significant turnaround" for Zelto, a company that has weathered several critical situations in its 10-year history, including cash flow problems and product market adjustments.
  • Sweet (South) Carolina, boop, boop, boop : VW-backed Scout Motors plans to build a $2 billion plant in South Carolina to produce its all-electric vehicles. Tim Stevens has more.
  • Fine : Manish also writes that India's central bank has fined Amazon's payments division more than $370,000, alleging that the company failed to comply with certain "know your customer" rules.

Startups and venture capitalists

While most well-established car companies make decisions in huge corporate mansions, Scout does most of its operations – at least for now – at WeWork near Washington, D.C., reports Tim Stevens. Scout Motors' base of operations will eventually be centered near the $2 billion South Carolina plant it announced Friday, and the company plans to bring a strong retro cred to the electric car age.

And we have five for you:

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  • Daniela V. Fernandez, Founder and CEO of Sustainable Ocean Alliance, Managing Partner of Seabird Ventures
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  • Reese Pacheco, Partners, Fans

Three more from the TC+ team:

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Bigtech Corporation

It was only a matter of time before another company tried to emulate Instacart's offering. Uber today. Rebecca writes that Uber is coming to Instacart with some updates to the old Shop & Pay feature, which lets delivery drivers choose whether to pick up groceries or other retail purchases for customers before placing orders at the customer's delivery door. "It's basically Uber's attempt to follow the Instacart model that works so well for an existing food provider," she says.

Embark Trucks, which will go public in 2021, is laying off about 230 employees as it plans to sell its self-driving truck assets, Kirsten said.

Here are six more things to do on Friday:

DailyCrunch: Japanese marketing technology company Geniee acquires Zelto for $70 million from Christine Hall was originally published on TechCrunch.

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