The Latest
Accel announces new $650 million fund to back Indian startups
Accel has announced its seventh India fund with $650 million to invest as the storied venture investor looks to double down on its bet in the world’s second largest internet market and also be more...
Gopuff officially launches its instant delivery service in France
After launching its service in the U.K. late last year, Gopuff is officially expanding to Europe starting with France. In addition to the Paris area, the instant grocery delivery service is now liv...
BharatPe founder Ashneer Grover siphoned off money, Indian startup says
BharatPe co-founder Ashneer Grover and his relatives engaged in “extensive misappropriation of company funds” and “siphoned [off] money,” the Indian fintech startup said, ci...
Source makes greenhouses smarter to secure the future of food supply
Agtech startup Source.ag today announced it harvested a $10 million investment to make greenhouses smarter. The founders have set their eyes on a horizon where, driven by climate change and a rapid...
Electric Capital closes $1 billion in funds to back crypto startups, buy tokens
Fervor surrounding the opportunities in the crypto space has seemed to upend the venture world over the past couple years with major players shaking up how their firms are fundamentally organized i...
Struggling EV startup Lordstown Motors loses GM as investor
General Motors sold its stake in Lordstown Motors, an electric vehicle startup that has struggled to get its first vehicle, the electric pickup truck Endurance, to production, reports the Detroit F...
Mercury restricted a number of accounts linked to African startups and didn’t exactly say why
Yesterday, Mercury, which describes itself as a bank for startups, restricted several accounts linked to African tech startups, TechCrunch has learned. The number of companies involved with this r...
Nexon founder Jung-ju Jay Kim has passed away at age 54
Jung-ju Jay Kim, founder of South Korean gaming company Nexon, has passed away at age 54. On Tuesday, Nexon’s holding company NXC released a statement: “With deep sadness, Nexon mourns the unexpec...
Biden will address social media’s mental health impact at State of the Union
In advance of President Biden’s first State of the Union address, the White House announced plans to address the nation’s mental health crisis, specifically calling out social mediaR...
Daily Crunch: Drone service Wing completes 200K commercial deliveries, partners with supermarket chain
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Apple pulls Russian state-owned media outlets RT and Sputnik from global App Stores
After days of mounting pressure on tech companies to take further action against Russia in the wake of its invasion into Ukraine, Apple today confirmed it will remove the Kremlin-based media outlet...
Where we’ll be next
One decade in, Homebrew says it’s becoming self-funded
Homebrew has a new cup of tea (or coffee, or beer, or beverage of your choosing). The venture capital firm is leaving its strictly seed-stage roots — and its traditional venture structure ...
Waabi’s Raquel Urtasun on the importance of differentiating your startup
Raquel Urtasun discusses starting a business after working for a larger company, the surprises of being a founder and why freight will be the first AV industry to commercialize at scale.
Rivian raises price on R1T electric truck, R1S SUV ahead of new dual-motor versions
Rivian has raised the price of its all-electric R1T pickup by 17% and R1S SUV by about 20% as the newly public automaker tries to adjust to inflationary pressure, increases in the cost of raw mater...
Nextdoor beats expectations in first earnings report since going public last year
Today after the bell, locally focused social network Nextdoor reported its fourth-quarter earnings. The company combined with a SPAC last November, making today its first quarterly report since goi...
How Stellantis plans to double revenue, electrify lineup, by 2030
Stellantis, the automaker that owns Fiat, Chrysler, Dodge, Ram, Jeep, Peugeot, Maserati and more, is rolling out a new plan that will help it become carbon net zero by 2038, with 50% reduction by 2...
What US startup founders need to know about the R&D tax credit
The Research and Development (R&D) tax credit lets businesses deduct R&D expenses up to $250,000 per year from payroll tax, or an unlimited amount against income tax if your startup quali...
Reddit quarantines r/Russia due to ‘high volume’ of misinformation
As major social platforms grapple with an influx of misinformation around the Russian invasion of Ukraine, Reddit is having its own reckoning. On Tuesday, Reddit added the subreddit r/Russia to its...
Ali Partovi has a new accelerator promising to connect founders with star engineers
Ali Partovi prides himself on the many relationships he has built throughout Silicon Valley as a highly successful entrepreneur and investor. For example, two years ago, Partovi launched a program ...
Apple halts product sales in Russia following Ukraine invasion
Apple today confirmed that it has halted product sales in Russia following last week’s invasion of neighboring Ukraine. The news comes days after the hardware giant pulled Sputnik and RT News from ...