Startup Life/Podcast/ The Sifted Podcast — Gorillas: a €60m burn rate, big cash bailouts and a looming downround We're talking Gorillas' looming downround, a record-breaking elderly care raise and more. By Georgina Ustik 8 August 2022 \Startup Life How to keep the cofounder spark alive By Jing Ouyang 22 February 2023 Startup Life/Podcast/ The Sifted Podcast — Gorillas: a €60m burn rate, big cash bailouts and a looming downround We're talking Gorillas' looming downround, a record-breaking elderly care raise and more. By Georgina Ustik 8 August 2022 Listen to The Sifted Podcast on Apple, Spotify and all major platforms. This week on The Sifted Podcast, Eleanor is joined by writer Éanna Kelly in our very own Sifted studio! Unfortunately, you may hear a few bumps and muffled background noise as we get to grips with it, but bear with us. In this episode, we’re discussing Gorillas, the embattled speedy grocery company that’s set to raise $250m in funding from existing investors at a reduced valuation. We also chat about Cornerstone VC’s new £20m fund to back diverse early-stage UK founders, and elderly care platform Cera’s £260m round of roughly half equity and half debt, making it Europe’s biggest ever round in the elderly care sector. Next, we have fintech reporter Amy O’Brien on to speak about the new wave of European fintechs taking on the fractional ownership real estate model. And finally, podcast producer and Iberian correspondent Tim Smith shares his experience shadowing a food delivery courier in extreme heat. Listen to The Sifted Podcast on Apple, Spotify and all major platforms. Related Articles Sifted’s most-read stories in 2022 By Sadia Nowshin Click here to read more Vestiaire Collective: is second-hand fashion the future? By Marie Mawad in Paris Click here to read more Want to increase productivity? Embrace the four-day week By Anastasia Leng Click here to read more Startups: call out bad investor behaviour By Secret Columnist Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?