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Perplexity, the AI-powered search engine, wants to get into hardware — kinda sorta. Aravind Srinivas, Perplexity’s founder and CEO, posted on X yesterday that he was considering making a “simple, under $50” device to “reliably answer” questions “voice to voice.” He promised that Perplexity would “definitely” sell such a device if the post got more…
Entrepreneur Marc Lore has already sold two companies for billions of dollars, collectively. Now he plans to take his food delivery and take-out business Wonder public in a couple of years at an ambitious $40 billion valuation. We talked with Lore in person in New York recently about Wonder and its ultimate aim of making…
Heading into 2024, Mike Packer, a partner at fintech-focused QED Investors, predicted we’d hit the bottom for funding to Latin American fintech startups during the year. While momentum wasn’t a straight shot up and to the right, Packer’s prediction may still have come true. The volume of venture capital dollars invested into fintech companies based…
Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets. Bloomberg reports that Tesla told a California statement judge that the companies have reached a “conditional” settlement, and that it expects to seek dismissal of the lawsuit by December 24. Tesla filed the suit, which…
Ten years after pitching on stage at TechCrunch Disrupt in London, fintech N26 has reported its first ever quarterly (pre-tax) profit. The challenger bank with millions of customers across Europe generated a net operating income of €2.8 million during the third quarter of 2024 (or $2.9 million at current exchange rates). This is an important…
Last-mile delivery, the very last step of the delivery process, is a common pain point for companies. According to one survey, nearly 90% of retailers struggle with their last-mile delivery operations, either because of technical issues, costs, or a combination of both. Bill and Lisa Catania understand this well. The husband-and-wife team founded OneRail, a…
The FBI unsealed an indictment yesterday that alleges Joanna Smith-Griffin, founder of the AI startup AllHere Education, engaged in “securities fraud, wire fraud, and aggravated identity theft in connection with defrauding investors” out of nearly $10 million. The FBI claims she misrepresented her company’s revenue, customer base, and cash to investors from at least November…
Indian nutrition startup HealthKart’s valuation has surged to about $500 million in a new investment of $153 million, two sources familiar with the matter told TechCrunch. The investment, one of the largest for an Indian consumer startup this year, was co-led by private equity firms ChrysCapital and Motilal Oswal, with Avendus Capital serving as financial…
Oyo founder Ritesh Agarwal’s investment vehicle has proposed to inject another $65.1 million into the hotel management startup, according to shareholder notifications reviewed by TechCrunch. The investment, through Redsprig Innovation Partners, would value the SoftBank-backed company at $3.8 billion, according to terms shared in the extraordinary general meeting notice. While this represents a 38% premium…
When Brynn Putnam sold her last company, Mirror, to Lululemon for $500 million at the start of the pandemic, it looked to this editor like she’d sold the smart fitness company too soon. Instead, the timing proved brilliant. The home fitness craze crashed nearly as abruptly as it peaked during that first year of lockdowns….