Bolt

Maju Kuruvilla is out as CEO of one-click checkout company Bolt

Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’ LinkedIn profile. Kur

VC Arjun Sethi talks a big game about selling his company-picking strategies to other investors; he says they’re buying it

One-click checkout company Bolt confirms another round of layoffs

This latest round of layoffs, which the spokesperson said happened last week, follow a handful of other layoffs made by the company since 2022.

Here’s how fintech Rainforest, a budding Stripe rival, aims to win over software companies

Rainforest raises $8.5M and PayPal gets hit with a lawsuit. We take a look at this and other hot fintech news from the previous week.

Bolt CEO discusses company moving on after SEC probe

The investigation was a challenging period to manage client expectations, and CEO Maju Kuruvilla said he even got on sales calls himself.

Bolt, ex-CEO Ryan Breslow subject of SEC probe

The SEC is reportedly investigating whether federal securities laws were violated in connection with statements made when Bolt was raising money in 2021.

Europe’s Bolt expands to Nepal with ride-hailing service

European startup Bolt is expanding to Nepal and launching its ride-hailing service in the country. The company’s previous market expansion was its launch in Thailand in 2020. On Wednesday, Bolt

What’s Stripe’s deal?

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Uber, Bolt drivers hope for increased earnings foiled as Tanzania reinstates 25% commission

Barely a year after Tanzania capped the commissions that e-hailing firms like Uber and Bolt charge their partners at 15%, the authority in charge has backtracked on the order, taking away drivers&#821

Bolt launches virtual Shopper Assistant for easier access to personalized experiences

The Shopper Assistant integrates natively into a retailer’s site, and customers can create an account to receive a discount on their first order without leaving the site.

Uber wants court to nullify Kenya’s new ride-hailing law that caps service fee at 18%

Uber has appealed to Kenya’s apex court to annul the new digital taxi-hailing regulations claiming that some aspects are unconstitutional, discriminatory, discouraging to foreign investments and inf

Bolt founder Ryan Breslow isn’t going away

Ryan Breslow has had a tumultuous 2022. It’s not slowing him down. Few outside of Breslow’s world even knew his name a year ago. Then Bolt, a “one-click” checkout tech company that evo

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 days. Want it in your inbox? Get it here. The most re

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.

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 doesn’t feel like a short week, does it? Alex, Natash

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

The company's pilot program showed that farms are able to generate 10 to 20 times more protein per acre and use five to 10 times less water than other crops, like alfalfa.

Forever21’s parent company sues Bolt but settles for becoming a shareholder

A lawsuit that was filed against one-click checkout startup Bolt by one of its biggest customers will be dismissed as the two parties have agreed on a settlement, the companies announced jointly today

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 ago listing all kinds of endurance activities glob

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.

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 “Fenix Taxi” in Manama, Bahrain, on Monday and s
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