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Amazon buys Roomba’s maker, Bolt vanishes, and YC slims down

Hello again! Welcome back to Week in Review, the newsletter where we quickly recap the top stories to cross TechCrunch dot-com over the past seven...

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Chevy Bolt owners must choose between rebates and battery defect lawsuits

Chevy offered rebates to Bolt EV owners who bought their cars just before a 2023 model price drop, but that discount comes with a large catch.

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Cauldrons, Bolts and sour markets: Welcome to Halloween in July

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It...

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Fyto combines automation, robotics so aquatic ‘superplants’ can grow almost anywhere

A pilot program showed that farms are able to generate 10 to 20 times more protein per acre and five to 10 times less water than other crops, like...

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Forever21’s parent company sued Bolt, but now it’s a shareholder

In late April, Bloomberg reported that Bolt was being sued by “its most prominent customer,” ABG. Since settling, Authentic Brands Group is now a...

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Endurance events marketplace Let’s Do This raises $60M Series B led by Craft and Headline

The appropriately named endurance (so: running, triathlon, cycling, etc.) events marketplace Let’s Do This (a YC alumni) appeared a couple of years...

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So you have a 380x revenue multiple — now what?

The question for Bolt is what sort of multiple it has to obtain to reach market-pricing parity.

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With ride-hail and delivery launch, Fenix wants to be the Bolt of the Middle East

Abu Dhabi-based mobility startup Fenix has added ride-hail and courier services to its portfolio of mobility products. The company launched...

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Tech layoffs top 15K in a brutal May

It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, over 15,000...

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A ping-pong match between bulls and bears

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happily we...

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Fintech Bolt just laid off over 100 employees across engineering, sales, and marketing

One-click checkout startup Bolt has laid off at least 100 employees, and counting, across go-to-market, sales and recruiting roles, sources say. CEO...

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Uber hits 1 billion rides in Africa

Uber, today, announced a significant milestone — it has completed 1 billion rides across all its markets in Africa. This feat translates to over 10...

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Bolt CEO addresses startup’s performance in wake of lawsuit, says merchant numbers are up 192% YoY

The CEO of fintech Bolt addresses the performance of the one-click-checkout startup.

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Bolt’s future in Tanzania uncertain after 15% service fee order

Bolt has reached out to relevant stakeholders including Latra to re-negotiate the new terms. It plans to switch off its car category should nothing...

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New VC firm Baukunst spools up to invest in ‘creative technologists’

The sweet spot for Baukunst is founders building first-generation technologies and products that enable the exploration of new business models.

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Didi cancels its trip in South Africa

Didi’s launch last year was expected to provide new competition to Uber and Bolt, the dominant ride-hailing companies in in South Africa and across...

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Daily Crunch: Tata Group releases ‘super app’ that bundles 11 consumer services

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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GM to pitch perks of Bolt EV to baseball fans on Opening Day

After recalling 14,000 Bolts due to a fire risk, GM wants U.S. customers to know that Chevrolet is back in business. Chevy is announcing the return...

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Whither the paper unicorns?

In a sense, the 2022 question regarding how many paper unicorns will wither, and where they are headed, is basically the inverse of the 2021 unicorn...

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Sleek wants to be the last shopping check-out form you ever fill out

Sleek is developing a browser extension enabling one-click checkout and cash-back savings.

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SafeBoda bets on super app to boost recovery from pandemic slump

Powered by 25,000 motorcycle taxis at the start of 2020, SafeBoda was at its peak, ferrying thousands of pillion passengers in cities across Uganda...

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When the founder becomes the story

A year ago, few knew the brand Bolt, a checkout technology company that was founded in 2014, nor its founder, Ryan Breslow, a seemingly archetypal...

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Taxing crypto only makes it stronger

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. We had the...

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Following his fiery Twitter tirades, Bolt founder Ryan Breslow is no longer CEO — and he says it’s his choice

Ryan Breslow, who founded the “one-click” checkout tech company Bolt as a Stanford student and dropped out of college to build it, is...

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Asset financiers to the rescue as Bolt plans to sign-up 200,000 new drivers in Africa to meet growing demand for ride-hailing services

Bolt, the Estonian mobility tech company that recently closed a huge round, is planning to onboard an additional 200,000 drivers in Africa this year,...

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Tom Brady’s buzzy celebrity NFT startup Autograph banks $170M from Silicon Valley’s top crypto investors

Autograph, an NFT agency co-founded by athlete Tom Brady with a particularly deep bench of star power, has banked new funding from crypto investors...

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Fresh round of $355M lifts online checkout company Bolt into decacorn territory

This newest raise comes just three months after Bolt took in a sizable $393 million in Series D funding.

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Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app

Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to...

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