September 02, 2025

TechCrunch Top 3

Klarna revives IPO plans, aims to raise $1.27B: Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion. Read More

LayerX uses AI to cut enterprise back-office workload, scores $100M in Series B: This Japanese AI startup just raised $100M to cut businesses' admin burden. Read More

U.S. and Indian VCs just formed a $1B+ alliance to fund India's deep tech startups: Eight U.S. and Indian VC and PE giants are teaming up to fuel India's deep tech boom. Read More

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Morning Must-Reads

Why Runway is eyeing the robotics industry for future revenue growth: Runway is building up a robotics-focused team and fine-tuning its existing models for robotics and self-driving car customers. Read More

Murder at Burning Man turns Silicon Valley's desert playground into a crime scene: A homicide investigation has rocked the final days of Burning Man after a man was found dead "lying in a pool of blood" Saturday night at the Nevada desert festival, according to the Pershing County Sheriff's Office. According to the New York Times, the grim discovery occurred around 9:14 p.m. just as the festival's iconic wooden "Man" effigy began its traditional burn. The victim, described as a white adult male whose identity remains unknown, was found by a festival participant who flagged down a deputy. Read More

Lovable's CEO isn't too worried about the vibe-coding competition: Lovable specializes in helping people build apps and websites, especially people with no coding experience. It's one of the standouts in the popular AI category known as vibe-coding, which lets users guide AI models as they produce code, websites, or whole applications. Read More

Every fusion startup that has raised over $100M: Fusion startups have raised $7.1 billion to date, with the majority of it going to a handful of companies. Read More

Indian grocery startup Citymall raises $47M to challenge ultra-fast delivery giants: Indian e-commerce startup Citymall, which offers grocery delivery in tier 2 and tier 3 towns, has raised $47 million at a $320 million valuation — a price tag that's unchanged from its $75 million Series C three years ago. Investors in Citymall told TechCrunch that the prior valuation reflected a bullish market environment at the time, which explains why the valuation has remained unchanged despite the company's growth. However, they remain optimistic about the company's trajectory. Read More

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