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Lightspeed doubles down on Wheelocity as it pivots to rural India commerce

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Fruit consumption india

While India’s urban population is shifting from mom-and-pop stores to quick commerce platforms, its rural side — home to more than 800 million people — still heavily relies on offline businesses for daily consumption. Wheelocity aims to transform that untapped market to let people living beyond the top 200 cities of the country easily shop online.

The Chennai-headquartered startup, founded in September 2021, has pivoted from the earlier B2B supply chain business for quick commerce platforms into building a platform to solve e-commerce access for people living in semi-urban. and rural areas, commonly referred to as “Bharat.”

For a long time, e-commerce giants Amazon and Walmart-owned Flipkart have tried to tap rural India to get deeper into the world’s second-biggest internet market after China. The region has also attracted startups including Meesho and Rozana. However, Wheelocity founder and CEO Selvam VMS told TechCrunch that none of them could crack that space due to the access problem.

“Our approach to solving this problem is extremely unique,” he said in an interview. “We are focused on building a 100x better alternative for our consumers.”

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Wheelocity has begun the shift by providing freshly produced goods including vegetables and fruits and groceries through its app. However, unlike traditional e-commerce platforms that sell products online, the startup has taken a “phygital” approach. This includes electric three-wheelers to let the startup take its products into villages physically daily to help gain the trust of consumers. These vehicles let consumers place orders using Wheelocity’s app and get deliveries on their doorstep.

Once they get used to it, consumers will start using the Wheelocity app at home, VMS predicted.

The executive added that, unlike Wheelocity, which offers doorstep deliveries daily, other e-commerce platforms use their take as long as a week to get products delivered in the same region. This makes it a challenge to deliver fresh consumable items and groceries.

Wheelocity uses its existing supply chain, built for the earlier B2B business, to offer customers freshly produced goods and groceries faster. After procuring them from third parties including farmers, the products reach consumers with Wheelocity’s branding.

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VMS sees the shift, which silently started in October 2023, as a $1 trillion-plus opportunity. He didn’t disclose the business-related figures but said the startup had a “very, very good retention.”

The startup currently offers its e-commerce platform in 3,500 villages in central Tamil Nadu and owns 1,000 electric vehicles to allow physical order-placing and deliveries. It has already established an operations office in Tamil Nadu’s tier-II city of Trichy to understand consumers’ buying behavior better and get their feedback. Next, it plans to scale the business to 20,000 towns and villages and expand it to all five southern states of India within the next 12 months, taking its platform to 10 million consumers.

Lightspeed, Wheelocity’s existing investor, has backed the latest move by leading its Series A2 round of $15 million. In July 2022, the VC fund had led the startup’s $12 million Series A round.

Alteria Capital, Anicut Capital, and VMS also participated in Wheelocity’s fresh round. Further, the round includes an undisclosed amount of debt, primarily to fuel the financing of its electric fleet.

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Lightspeed partner Rahul Taneja told TechCrunch that the VC fund decided to reinvest into Wheelocity as the market size was significantly large and untapped and the startup created a unique business model, “which allows profitable coverage of the areas which were historically not possible.”

The founder’s quality and passion for building a “profit-making business” before pivoting also helped convince Lightspeed to close the deal, Taneja said.

Moving focus to smaller towns and villages in India has been an emerging trend in the VC market, as consumers in those areas often have disposable income and intent to buy. Earlier this year, Accel also started looking at the region to hunt for future unicorns.

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Need a powerful laptop? This Lenovo ThinkPad is $1,800 off

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Need a powerful laptop? This Lenovo ThinkPad is $1,800 off
A press photo of the ThinkPad X1 Carbon Gen 11.
Lenovo

Students and work-from-home professionals who are looking at laptop deals for a reliable device to carry out heavy workloads should consider taking advantage of Lenovo’s offer for the Lenovo ThinkPad X1 Carbon Gen 11. From its original price of $3,559, the machine is down to a more reasonable $1,673 following a 53% discount. We’re not sure how much time is remaining before you miss out on these huge savings of $1,886 though, so if you’re interested, you’re going to have to complete your purchase of this laptop as soon as possible.

Why you should buy the Lenovo ThinkPad X1 Carbon Gen 11

The ThinkPad line of laptops, which Lenovo inherited from IBM, offers iconic looks, sturdy designs, and helpful business features, according to our explainer on the different Lenovo brands. The Lenovo ThinkPad X1 Carbon Gen 11 is a perfect example, and it holds up as a dependable and powerful machine to this day despite the launch of its successor, the Lenovo ThinkPad X1 Carbon Gen 12. With its 13th-generation Intel Core i7 processor and integrated Intel Iris Xe Graphics, alongside 32GB of RAM that our guide on how much RAM do you need says is the sweet spot for professionals, you won’t find the performance of the Lenovo ThinkPad X1 Carbon Gen 11 lacking. It’s more than enough to handle multitasking between several apps, as well as more demanding processes such as editing videos and building multimedia reports.

The Lenovo ThinkPad X1 Carbon Gen 11 maintains portability with its 14-inch screen with WUXGA resolution, and it’s pretty easy to carry at just 2.5 pounds. The laptop ships with a 1TB SSD for ample storage space for your software and files, and it comes with Windows 11 Pro pre-loaded for access to the popular operating system’s more advanced features.

In one of the most interesting Lenovo laptop deals that you can shop today, the Lenovo ThinkPad X1 Carbon Gen 11 is down to less than half-price after a 53% discount. You can currently buy it from Lenovo for only $1,673, for $1,886 in savings on its sticker price of $3,559, but you’ll need to hurry because the offer may expire at any moment. If you think the Lenovo ThinkPad X1 Carbon Gen 11 is the perfect laptop for your needs, push forward with your transaction right now to make sure you get it for a more affordable price than usual.


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Our lone oil-and-gas stock strikes 2 smart deals — plus, AMD sharpens its AI focus

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Our lone oil-and-gas stock strikes 2 smart deals — plus, AMD sharpens its AI focus


Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.



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Google Pixel Watch next update coming in March 2025

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Google Pixel Watch next update coming in March 2025

Google has confirmed that the Pixel Watch’s next update will not arrive until March 2025, a departure from its usual monthly release schedule. The announcement came after the company skipped an October update, releasing the November 2024 update on Tuesday for all three generations of Pixel Watches.

Update schedule change for Pixel Watch

The delay marks a significant shift in Google’s approach to updates for its smartwatch. The Pixel Watch 3, which received its first post-launch update, along with the Pixel Watch and Pixel Watch 2, saw the continuation of the Wear OS 5 rollout. However, the tech giant clarified that the next update would not be available until March 2025, a three-month gap.

While monthly updates have been the norm for the Pixel Watch, the upcoming delay does not drastically affect user experience. Most of the updates released so far have focused on bumping the security patch level, with minimal new features introduced through system updates. Users can expect new features to arrive via the Play Store in the interim, as the smartwatch’s update cadence has traditionally offered fewer features compared to Pixel phones.

Why the delay?

Google’s decision to delay the next update could be part of a larger strategy to better allocate engineering resources. The company might be aiming to provide more substantial updates on a quarterly basis, allowing for more polished and well-tested features. While this is a departure from the usual rapid update cycle, it could also signal a shift toward more refined and larger-scale upgrades in the future.

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The shift will likely allow Google to focus on improving the quality of updates, rather than merely maintaining a fast release schedule. The next update is now expected to arrive in March 2025, with more details to follow closer to the release.

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A Google ‘test’ will omit EU publishers from news links

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A Google ‘test’ will omit EU publishers from news links

Google is conducting a “test” that will omit results from EU-based news publishers. The company says the time-limited trial will only affect a small portion of users in nine EU countries and will help “assess how results from EU news publishers impact the search experience for our users and traffic to publishers.” But given the fragile state of the news media — and the company’s history of threatening to pull its services in the face of news-related regulations — it’s tempting to view it as the equivalent of a mob boss conducting a “little test” to see how the corner laundromat fares without its protection.

Google describes the experiment (via The Verge) as a “small, time-limited test” to omit EU results from search, Google News and the personalized Discover feed. It will only affect one percent of users in Belgium, Croatia, Denmark, France, Greece, Italy, the Netherlands, Poland and Spain. Those users will still see results from other websites, including non-EU news publications.

The company says news results will reappear as usual once the test concludes. (It didn’t list a specific timeframe.) Google stresses that the experiment won’t impact the publisher payments it makes under the European Copyright Directive (EUCD), under which the company has inked deals with over 4,000 EU publishers.

Google does have a history of using the potential withdrawal of its visibility as a negotiating stick in similar situations. In some cases, the tactic has helped it draw concessions.

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Last year, Google pulled its news links from Canada in response to Bill C-18 (the Online News Act), which required tech companies to negotiate compensation with online publishers for linked content. After months of negotiations, Google said Canada had addressed its concerns and given it a path to an exemption. Canada said it granted one to Google last month, with the company agreeing to pay $100 million annually to news organizations.

In April of this year, Google briefly removed links to California news outlets in response to the proposed California Journalism Preservation Act (CJPA), which would require Google to pay news publishers in exchange for continuing to link to their websites. Although the bill’s fate is still up in the air, Google struck a deal with state lawmakers this summer, committing tens of millions of dollars to a fund supporting local news.

In 2021, the company threatened to remove its entire search engine from Australia in response to a then-proposed law requiring tech companies to share royalties with news publishers. The nation’s then-Prime Minister stood firm. “Let me be clear. Australia makes our rules for things you can do in Australia,” Scott Morrison said. After the bill was passed and enacted, Google struck deals with Australian media companies to license content.

Google says it hopes the data analysis tools it provides publishers will help them use the EU test to “understand traffic patterns.”

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Warcraft celebrates 30th anniversary by keeping old promises

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Warcraft celebrates 30th anniversary by keeping old promises

Blizzard announced several new products and events to celebrate the Warcraft franchise’s 30th anniversary during a special video presentation today.

This includes remasters for the original Warcraft and its sequel, Warcraft II: Tides of Darkness. Blizzard has also revamped the controversial Warcraft III Reforged, updating its visuals and adding quality-of-life features. All three of the classic Warcraft real-time strategy games are available together starting today in $40 bundle.

The original launch of Reforged was a disaster for Blizzard when it released in 2020, as it was missing key features from the original game and suffered a myriad of bugs. For many, it was a sign that Blizzard had lost its way. Reforged 2.0 could help heal those old wounds.

The hit MMO World of Warcraft is also getting some love. This includes player housing, a feature originally planned for the game way back during its 2004’s launch. That feature will launch in the game’s next expansion, Midnight.

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In the meantime, the current expansion’s next update will send players to the Goblin city Undermine. World of Warcraft Classic, meanwhile, will head to the Mists of Pandaria expansion in 2025.


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This generative AI startup is strapping cameras to people’s backs

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Odyssey

A startup is training an AI model that it claims will enable creators to generate cinematic worlds, with complete control over the scenery, characters, lighting, and motion. How? By having humans strap cameras to their backs and hike around the world.

Odyssey, founded by self-driving pioneers Oliver Cameron and Jeff Hawke (Cameron was previously the VP of product at Cruise), says it’s created an “advanced camera capture system” that can collect data just about anywhere a person can reach. Weighing about 25 pounds, the system packs six cameras, two lidar sensors, and an inertial measurement unit.

Bearing a resemblance to Google’s Street View Trekker, the system can capture its surroundings in “3.5K resolution” and 360 degrees, with “physics-accurate” depth information metadata attached.

So what’s the point? Well, Odyssey says it’s taking data from the system and feeding it through algorithms to “capture the fine details that make up our world.” Essentially, the company’s generating digital reconstructions of real-world scenes — scenes with forests, caves, trails, beaches, glaciers, parks, buildings, and so on.

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Odyssey
One of Odyssey’s recreated scenes. Image Credits:Odyssey

Now, it’s not totally clear how these reconstructions will translate to better generative tools for creatives. Cameron and Hawke have previously said that Odyssey has developed several generative AI models that create layers of visual detail, including object geometry, lighting, and motion, and then combine these into a single virtual “world” to create desired scenes.

Even the best “world models” today have limitations, and Odyssey doesn’t claim to have solved all these.

Nevertheless, it’s raising money to forge ahead. Odyssey today announced that it secured $18 million in a Series A funding round led by EQT Ventures with participation from GV and Air Street Capital. The new cash, which brings the company’s total raised to $27 million, will be put toward scaling up Odyssey’s data collection operations in California.

Odyssey plans to expand its data collection to other states and countries in the future — one would hope with privacy protections in place. (Google’s Street View team, for one, has found itself in the crosshairs of regulators for capturing images of everyday scenes that violated people’s privacy.)

“We think it will be impossible for generative models to generate Hollywood-grade worlds that feel alive without training on a vast volume of rich, multimodal real-world 3D data,” the company wrote in a post on its blog. “We believe an advanced generative world-building model will unlock a better way to create film, games, and more.”

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