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 drivers̵
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
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, more than 15,000 tech workers have lost their jobs this month. Hop
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 were once again at full strength this week, with Al
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 Maju Kuruvilla confirmed the workforce reduction in a
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 billion kilometres in terms of distance cover
Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its latest VC fund
Tiger Global is having a year. According to a new report from Financial Times, the low-flying-yet-seemingly-ubiquitous 21-year-old outfit has seen losses of about $17 billion during this year’s tech
Bolt CEO addresses startup’s performance in wake of lawsuit, says merchant numbers are up 192% YoY
After a week of making headlines, one-click checkout startup Bolt has issued a public response to questions about how it’s faring in the competitive space. CEO Maju Kuruvilla issued a blog post toda