Meet Uzbekistan’s first unicorn: e-commerce startup Uzum

March 26, 2024

Uzum, an e-commerce startup offering online shopping, fintech and food deliveries to millions of customers in Uzbekistan, has raised $114 million in funding, becoming the country’s first unicorn with a valuation of $1.16 billion. Uzbekistan is fertile ground for startups, given the fact that people aged below 30 constitute about 60% of its population of […]

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900.care sells waterless personal care products and lets you add tap water at home

March 26, 2024

Here’s the harsh truth behind personal care products: you’re mostly buying water and plastics. The main ingredient in a bottle of shampoo or shower gel is water, and by far. It is mixed with a bunch of active ingredients. And because it’s a “pre-mixed” product, companies spend a lot of money on plastic bottles to […]

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Bankrupt EV startup Arrival sold its assets to Canoo

March 25, 2024

Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which was touted as a cost-saving measure that will reduce capital expenditures by 20%, comes as Canoo struggles to move beyond prototypes towards commercial production. Canoo […]

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Profluent, spurred by Salesforce research and backed by Jeff Dean, uses AI to discover medicines

March 25, 2024

Last year, Salesforce, the company best known for its cloud sales support software (and Slack), spearheaded a project called ProGen to design proteins using generative AI. A research moonshot, ProGen could — if brought to market — help uncover medical treatments more cost effectively than traditional methods, the researchers behind it claimed in a January […]

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TechCrunch Space: Returning to the moon

March 25, 2024

Hello and welcome back to TechCrunch Space. Mark your calendars, everyone: Boeing and NASA are planning to conduct the first crewed Starliner mission as soon as May 1.

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

March 25, 2024

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. Kuruvilla didn’t have much to say about the change but did confirm it both on LinkedIn and X, by posting, simply “One-Click Checkedout […]

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Fisker trading suspended by NYSE

March 25, 2024

The exchange said Monday that Fisker’s stock is “no longer suitable for listing” because of “abnormally low” price levels.

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