Indian fintech CRED’s earnings surge 3.5x to $168 million

October 5, 2023
CRED grew its operating revenue by a staggering 255% to $168.1 million in the financial year ending March as the fintech startup, which garners an unusually high level of attention, finds rising adoption of its lending and commerce offerings among India’s affluent individuals. The Bengaluru-headquartered startup had a total income of about $50 million in […]

“Be optimistic and innovate”
— The legacy of Cowboy eBikes pioneer Karim Slaoui, who has passed away

October 5, 2023
Cowboy, the ebike startup that creates innovative electric bikes for city riders, has announced that Karim Slaoui, Co-Founder, (pictured above, right) has passed away. Karim stepped down from the board and the day-to-day running of Cowboy last year.  His co-founders Adrien Roose and Tanguy Goretti issued the following joint statement: “It is with deep sadness that […]

Amazon shutters its live radio app Amp

October 5, 2023
Amazon has shut down its Clubhouse competitor’s live radio app Amp almost 18 months after its launch. The app allowed users to play DJ and provide commentary alongside playing tracks. The company’s lead for digital music, Steve Boom, sent a memo internally saying the decision to shut down the platform “only became clear after months […]

Kestra is an open-source data orchestration platform for complex workflows

October 5, 2023
Meet Kestra, a startup that has been working on an open-source project focused on data orchestration across several services, databases, files, repositories and warehouses. The open source project has attracted thousands of stars on GitHub, proving that there’s some interest and potential behind a new data orchestration platform. But first, why would you need a […]

Was FTX an empire ‘built on lies’ or a startup that ‘grew too quickly’?

October 5, 2023
The criminal trial of former cryptocurrency magnate Sam Bankman-Fried completed its second day on Wednesday. The prosecution and defense both gave opening statements, and interviewed the first two witnesses, including a customer of FTX and Bankman-Fried’s former friend and ex-Alameda and FTX employee Adam Yedidia. The prosecution painted Bankman-Fried as someone who knowingly committed fraud […]

Meet the 12 jurors on Sam Bankman-Fried’s trial

October 5, 2023
The second day for Sam Bankman-Fried’s trial was filled with jury selection, opening statements and testimonies from the first two witnesses, with a peek into what may be in store. His lawyers arrived at the court room 10 minutes before clock-in time, around 9:20 am. Bankman-Fried followed shortly after. Although he was once known for […]

Tiny EV maker ElectraMeccanica pulls the plug on its exit plan

October 4, 2023
ElectraMeccanica, former maker of three-wheeled electric vehicles, said on Wednesday that it has “terminated” its plan to merge with Tevva, which makes hydrogen-electric trucks (not sandals).  ElectraMeccanica said its board decided unanimously to bin the deal over “multiple incurable breaches of the agreement by Tevva.” The alleged breaches include “failures by Tevva” to share “material […]

Bird lays off staff after Spin acquisition to reduce redundancies

October 4, 2023
Bird, the shared micromobility company that was delisted from the New York Stock Exchange last week, is issuing another round of layoffs, according to an email interim CEO Michael Washinushi sent to the company. TechCrunch has viewed the email. TechCrunch has been unable to confirm the number of people affected by the layoffs. Bird has […]