Author: TechCrunch News

Swiggy, an Indian food delivery and instant commerce startup, plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders. The company disclosed its IPO plans in a filing to the local regulator. The Bengaluru-headquartered startup plans to raise $450 million through the issuance of new shares and offer…

The Senate passed a bill, included with the foreign aid package, that will ban TikTok if its owner, ByteDance, doesn’t sell it within a year. Senators passed the bill 79-18 Tuesday after the House passed it with overwhelming majority over the weekend. President Joe Biden will have to sign the bill to make it law.…

Tesla’s been undergoing some major changes, and now we have a sense of why: The company says it is upending its product roadmap because of “pressure” on EV sales. The new and accelerated plan now includes “more affordable models” that the company claims will be launched next year. Or if Tesla CEO Elon Musk is…

The Mercedes-Benz G-Class — the rugged off-road powerhouse that launched in 1979 and has since become a brutalist status symbol — has gone electric. This is, in many ways, Mercedes’ most prestigious car, a model more prized for its presence and exclusivity than its power and capability. Going electric, then, is more than an historic…

A French startup has raised a hefty seed investment to “rearchitect compute infrastructure” for developers wanting to build and train AI applications more efficiently. FlexAI, as the company is called, has been operating in stealth since October 2023, but the Paris-based company is formally launching Wednesday with €28.5 million ($30 million) in funding, while teasing…

Glance, which operates a popular lockscreen platform targeting Android smartphones, is setting its sights on the U.S. market. The Indian startup recently commenced a pilot program in partnership with Motorola and Verizon in the U.S., with plans for a full launch in the country later this year, sources familiar with the matter told TechCrunch. The…

A few weeks back, TechCrunch ventured out to New Jersey to pay an early visit to HAX’s Newark offices. As much as I complained about the 90-minute commute in from Queens, it’s nothing compared to the last time I paid a visit to the SOSV-run hardware accelerator’s Shenzhen space. HAX’s China operations have shrunk considerably…

The health tech giant handles health data for about half of all Americans Health insurance giant UnitedHealth Group has confirmed that a ransomware attack on its health tech subsidiary Change Healthcare earlier this year resulted in a huge theft of Americans’ private healthcare data. UnitedHealth said in a statement on Monday that a ransomware gang…

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It’s not uncommon for people to screenshot dating profiles and send them to their friends and loved ones, either to get feedback or to let them know who they’re seeing that weekend. Now, Tinder users are able to share their date plans directly from the app thanks to a new feature called “Share My Date.”…