True to its business concept, Turkey’s “instant delivery” juggernaut Getir rose quickly. Now, with the quick commerce industry in free fall, it is nosediving just as fast. On Monday, the company — once valued close to $12 billion — announced it would shut down its operations the U.S., the U.K. and Europe to focus solely […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

India's Ola has let go its chief executive, Hemant Bakshi, merely four months after appointing him to the post, and is cutting about 180 jobs. © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Kubik, a plastic upcycling startup, has raised a $1.9 million seed extension, months after announcing initial equity investment. The startup’s latest investment is from African Renaissance Partners, an East African venture capital firm; Endgame Capital, an investor with a bias for technologies around climate change; and King Philanthropies, a climate and extreme poverty investor. The […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

“When an investor passes on you, they will not tell you the real reason,” said Tom Blomfield, group partner at Y Combinator. “At seed stage, frankly, no one knows what’s going to fucking happen. The future is so uncertain. All they’re judging is the perceived quality of the founder. When they pass, what they’re thinking […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Givebutter recently raised $50 million for its CRM platform for nonprofits as startups building tech for that industry gain momentum. © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Ticktock, TikTok: It’s been a wild week for TikTok. Even as the company starts testing its Twitter competitor in certain markets and launches its luxury secondhand shop […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Act fast! Applications for our Call for Content close today, April 26 at 11:59 p.m. PT. If you’re a seasoned startup pro ready to lead a session at TechCrunch Disrupt on October 28-30, now’s your chance to apply! Send in your proposal to speak at TechCrunch Disrupt 2024 before the deadline hits. Your topic should […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Aside from the crucial omission of an Ask and Use of Funds slide, just about every slide in the deck felt almost very good — but then stumbled by overlooking an important detail. © 2024 TechCrunch. All rights reserved. For personal use only ..read more

The OpenAI Startup Fund, a venture fund related to — but technically separate from — OpenAI that invests in early-stage, typically AI-related companies across education, law, and the sciences, has quietly closed a $15 million tranche. According to a filing with the U.S. Securities and Exchange Commission, two unnamed investors contributed the $15 million in […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Global Founders Capital, the Berlin-based early stage VC firm with close ties to the German startup factory Rocket Internet, is going to become the venture arm of Rocket Internet. The VC previously raised two $1 billion funds and, just a few years ago, its name appeared in dozens of deals per year. But then, things […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more