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Many Extra Crunch readers will not have heard of China’s fastest-growing bottled beverage company: Genki Forest is a direct-to-consumer startup that started selling its sodas, milk teas and other products just five years ago. Today, its products are available in 40 countries and the company hopes to earn $1.2 billion in 2021. After closing its latest funding round, Genki Forest is valued at $6 billion. Industry watchers frequently compare the upstart to giants like PepsiCo and Coca-Cola, but founder Binsen Tang comes from a tech background, having funded ELEX Technology, a social gaming company that found success internationally. “China doesn’t need any more good platforms,” Tang told his team in 2015, “but it does need good products.” Leveraging China’s robust distribution network, lighting-fast manufacturing capabilities and a vast pool of data that enables holistic digitization, Genki Forest sells more than 30% of its products online. “Everything feels right about th...

FedEx Express, a subsidiary of delivery services giant FedEx, is investing $100 million in Indian startup Delhivery as the global firm looks to expand its presence in the South Asian country. Friday’s investment comes less than two months after the Gurgaon-headquartered startup, which is valued at $3 billion, secured $277 million ahead of an initial public offering in the coming quarters. As part of the deal, the companies will enter into a long-term commercial agreement. FedEx Express will focus on international export and import services to and from India, and Delhivery will, in addition to FedEx, sell FedEx Express international products and services in the India market and provide pickup and delivery services across India. FedEx will transfer certain assets pertaining to its domestic business in India to Delhivery. “Our aim is to bring new products and opportunities to Indian and global businesses and consumers through unique access to our networks, and our technology and en...

Big news today! We launched the Nubank EC-1, an extensive look into one of the biggest startups in the world. More on this down below.And have you heard that TechCrunch recently launched a new podcast? On “Found,” Darrell Etherington and Jordan Crook interview one early-stage startup founder each week about the ins and outs and ups and downs of founding a company. In the latest episode, the pair spoke to Cory Siskind, founder of Base Operations, which earlier this year raised $2.2 million in seed funding to capitalize on its recent launch of a street-level threat-mapping platform for use in supporting enterprise security operations. Subscribe to “Found” on Apple Podcasts, Spotify, Google Podcasts or the your podcast app of choice. #startups #today #techcrunch #podcast #startup #launch