The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round. The Gurugram-headquartered startup has raised $173.5 million in a Series G funding round. InCred Wealth, Patient Capital and J&A Partners invested in the new round. TechCrunch reported in May that Oyo was seeking
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When AI companion startup Friend revealed it had spent $1.8 million on buying the www.friend.com domain name last week, it set off a debate around what exactly branding is worth, and how startups should be spending cash. Founders of other companies like Loom and Public came forward to share stories of their own quests to
Susan Wojcicki, a longtime Googler who spent nearly a decade as the CEO of YouTube, passed away Friday after a two-year battle with non-small cell lung cancer. Wojcicki, who was 56, famously rented the garage of her Menlo Park home to Larry Page and Sergey Brin as they were starting Google. She then became one
AI was prominent in the news cycle this week — yet again. In this Friday’s episode of TechCrunch’s Equity podcast, Kirsten Korosec, Mary Ann Azevedo and Becca Szkutak kick off the show dissecting a bill which aims to regulate AI at the model level. Naturally, some VCs and founders as well as students and professors
India is the second-largest wearable market after China. At times, it has also been the largest smartwatch market. However, in Q2, wearable shipments in the country declined 10% year-on-year to 29.5 million units. The first half of the year, meanwhile, fell 4.7% to 55.1 million units, analyst firm IDC reported this week. Market analysts believe
The Startup Battlefield is the crown jewel of Disrupt, and we can’t wait to see which of the thousands of applicants will be selected to pitch to panels of top-tier VCs at TechCrunch Disrupt 2024, taking place on October 28–30 in San Francisco. It’s always epic, and every contender is on the road to making a huge
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week we are looking at AI founders who are playing musical chairs, a massive defense tech investment, and more issues at Techstars. Let’s get into it. Most
The rise of neobanks has been fascinating to witness, as a number of companies in recent years have grown from merely challenging traditional banks to being massive players in and of themselves. Chime and Dave are just two examples of such neobanks. Hear from Chime product officer Madhu Muthukumar and Dave CEO Jason Wilk at
“It’s not the heat that gets you, it’s the humidity,” said a dad, somewhere. His kids might be rolling their eyes, especially if they’ve spent any time in the desert Southwest during the summer, but their dad is at least partly correct: Not only does high humidity make people less comfortable, it also strains air
Los Angeles is notorious for its back-to-back traffic. Three events that promise to bring in millions of spectators from around the world — the 2026 World Cup, the Super Bowl in 2027 and the 2028 Olympics — have LA officials searching for a range of new mobility solutions to address its congestion problems. But they’re
In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several decades, adding workflow automation features to maintain pace with upstart rivals. It’s still growing, CFO Andy Thomson assures TechCrunch. Thomson claims that CloudPay is handling
Boston-based Flint Capital just closed its third fund at $160 million, four times the amount of its initial 2013 fund. The capital will be split evenly between early and late stage investments, with the firm doubling down on IT, cybersecurity, fintech and digital health startups. Its success is in large part because of a unique
AI companies are gobbling up investor money and securing sky-high valuations early in their life cycle. This dynamic has many calling the AI industry a bubble. Nick Frosst, a co-founder of Cohere, which builds custom AI models for enterprise customers, recently said on TechCrunch’s Found podcast that he doesn’t think the AI industry is in
Slag is the molten runoff created while producing steel in a traditional blast furnace. The material has been prized as greener cement alternative for creating concrete, the Earth’s most abundant human-made material. The runoff is facing supply chain issues, however, as the steel industry looks to greener methods of production. Increasingly, steel producers in the
Looking Glass on Thursday announced that it has begun shipping a pair of new displays, with a third arriving at customer homes later this month. The larger Looking Glass 16- and 32-inch Spatial Displays are available now. The smaller model runs $4,000. The Brooklyn-based startup is making the 32-inch model’s price available on request. The most
TikTok’s latest offering is capitalizing on the app’s ability to serve as a discovery engine for other media — something its users already take advantage of by sharing short clips of movies and TV shows. Today, the company is partnering with studios like Warner Bros. to launch a feature that lets users discover movies and
Techstars is laying off 17% of its workforce and will end its $80 million J.P. Morgan-backed AdvancingCities program once the fund is completely deployed at the end of this year, TechCrunch has learned. The AdvancingCities program, which launched in 2022, saw the launch of accelerator programs across the nation in cities like Oakland, New York,
Last year’s investor dreams of a strong 2024 IPO pipeline have faded, if not fully disappeared, as we settle in to the second half of the year. This year delivered four venture-backed tech IPOs — Reddit, Astera Labs, Ibotta and Rubrik — in March and April, which made it seem like this year could spur
Nothing on Wednesday announced that its budget-focused Phone 2a Plus is now available stateside. As has been the case with the London-based firm’s other handsets, however, there are a few hoops required to purchase the device in the U.S. The world’s third-largest smartphone market has been notoriously difficult to break into for decades now. Carrier
A U.K. space startup has revealed plans to launch its first satellite as part of SpaceX’s rideshare program, ushering in what it claims will be a “new era of space research,” where astronomy data is collected, packaged and sold “as a service.” Similar to previous missions, SpaceX’s Transporter 15 program next year will use a
Defense tech startup Anduril has closed what will almost certainly end up being one of the largest funding rounds of the year: a $1.5 billion deal that values the company at $14 billion. Anduril has ambitions of becoming the next great American defense contractor, joining a class of companies that has shrunk to just five
The $79 K2 has long been one of Keychron’s bestselling mechanical keyboards. As with all of the company’s K-line boards, it offers a relatively no-frills experience but provides all of the advantages of a mechanical keyboard in an affordable package with a 75% layout (which means you get arrow keys and a row of function
Most startups are looking to solve a problem inside a business, but Bandana, a New York City-based startup has a different goal. It wants to help people at the lower end of the wage scale find better jobs with higher wages and good benefits, all while being closer to home to reduce commuting time. Today,
Digital transformation — the process of transforming outdated apps and processes with cloud technologies and digital workflows — can be a risky undertaking. In 2023, Harvard Business Review reported that while 89% of large companies have a digital and AI transformation underway, they’ve only captured 31% of the expected revenue uplift and 25% of anticipated
Google’s been on a consumer hardware jag in August. On Tuesday, the company announced the long-awaited new Nest Thermostat, along with Google TV Streamer, which replaces the 11-year-old Chromecast line. Next Tuesday at Made by Google 2024, the software giant is refreshing the Pixel line with a slew of new smartphones. Previous years’ Made by
Every piece of software needs to go through software quality assurance testing. It usually involves a human tester creating a series of test cases, and then checking the software interface for bugs and other issues. On Tuesday, MuukTest, a Raleigh, North Carolina startup, announced a new AI agent designed to help build those tests in
New York-based fintech Payoneer has acquired Skuad, a Singapore-based global HR and payroll startup, for $61 million in cash, the company exclusively told TechCrunch. Payoneer said it could also pay up to another $10 million, contingent on if Skuad meets various performance goals within the first 18 months of the acquisition. Payoneer also committed to
Automattic, the owner of WordPress.com, has launched a new AI tool designed to help bloggers write more clearly and succinctly. The tool joins a swathe of writing assistants launched over recent years by the likes of privacy app maker Proton as well as the mighty Google. Write Brief with AI, as Automattic’s new tool is
Are you a Series A to B startup looking to make a significant impact in the tech world? The ScaleUp Startups Exhibitor Program at TechCrunch Disrupt 2024 is your gateway to success. This program is designed to catapult your startup into the spotlight, connecting you with industry leaders, investors, and potential partners. Benefits of joining
Airbnb CEO Brian Chesky suggested on Tuesday’s Q2 earnings call with investors that the company will soon expand into new products and services, including co-hosting, a relaunch of Airbnb’s “experiences,” guest services and more. The company positioned the upcoming offerings as a way for Airbnb to grow its revenue by becoming known for doing more
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