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

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

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

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

Space investing goes mainstream as VCs ditch the rocket science requirements: Seven Seven Six's Katelin Holloway represents non-technical VCs pouring billions into space startups, betting operational chops will trump aerospace degrees as the industry shifts from rockets to lunar mining and orbital manufacturing. Read More

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