Technology
GrubMarket acquired Good Eggs

More and more consolidation is going on in the web food delivery world, TechCrunch has learned and confirmed that GrubMarket — a startup supported by Tiger Global, amongst others, which has quietly built a B2B empire within the logistics of agricultural and food products — has taken over Good Eggsa once-lauded fresh food delivery startup that recently bumped into financial trouble.
The terms of the deal weren’t disclosed, but sources near the deal say it was a stock deal at a valuation barely higher than Good Eggs’ last valuation of $22 million. Investors proactively turned to GrubMarket on the lookout for an exit for Good Eggs.
We may confirm that Good Eggs will probably be led by a brand new leader under GrubMarket. Keith Brewer, who was COO of GrubMarket’s Daylight Foods, will lead Good Eggs. While many Good Eggs employees are expected to maneuver to GrubMarket, it’s not yet clear whether Rodrigo Arevalo, the Uber alum who’s currently listed as CEO of Good Eggs, will remain with the corporate as a part of it.
It’s a reasonably significant turnaround for Good Eggs, and one other sign that investors who’ve sunk lots of of thousands and thousands of dollars into startups which have consistently lost money are actually trying to put an end to their activities and move on.
For comparison, in November 2020, Good Eggs was price $365 million. PitchBook Data (round announced in 2021), with a vaunted investor roster that included Benchmark, Index, Sequoia, and Thrive, amongst many others. However, after COVID-19, it hit rocks and recently the value has been lowered as much as 94% last yr, giving a valuation of $22 million.
GrubMarket, meanwhile, is currently valued at about $3.5 billion and has raised greater than $560 million in funding. The company has long had its eye on an IPO, although the general public markets are still incredibly volatile for tech stocks and the IPO window is barely open for a fraction of a second. Mike Xu, GrubMarket’s founder and CEO, declined to comment on the matter when interviewed for this text. (There’s a probability that more funding will probably be announced, too: GrubMarket’s $3.5 billion valuation was reported by CNBC earlier this yr; PitchBook’s latest valuation of $2.2 billion comes from 2022.)
GrubMarket was initially a competitor after which a supplier to Good Eggs. The changing nature of that relationship could make clear why some corporations achieve grocery logistics and delivery while others fail.
Both Good Eggs and GrubMarket launched in 2011 and 2014, respectively, with a B2C focus, specifically providing boxes of fresh food to consumers and businesses. However, in a while, as Good Eggs shifted its focus to the patron, GrubMarket shifted to a B2B focus and quickly expanded, working with each smaller and bigger grocers.
Whole Foods is its largest client, though it supplies groceries and more to other major corporations like Walmart, in addition to other big brands like Stanford University and, lately, Good Eggs. With a reasonably tough eye on margins, unit economics, KPIs, and long-standing supplier relationships — and I’d add a reasonably intense work ethic, judging by its founder’s lack of sleep — GrubMarket is profitable and has been for a while.
“Profitability is in our DNA,” Xu said. “We know how to make things profitable. It’s a systematic approach.”
Xu added that his company stays focused on B2B—it has made greater than 80 acquisitions, most of which were geared toward strengthening that business—although acquisitions like Good Eggs underscore the way it could use economies of scale to revisit B2C. Still, Xu described the deal as “optimistic” somewhat than opportunistic.
Grocery delivery and food startups typically have seen their share of ups and downs, with some categories taking a very hard hit. Getir, a serious player in “instant” grocery delivery that aggressively raised lots of of thousands and thousands of dollars (from a number of the same backers as Good Eggs, it seems), earlier this yr cut its losses and retreated to its home market of Turkey. Others have struggled to grow at high valuations, while just a few, like GrubMarket, are playing consolidator roles to enhance their cost structures. Publicly traded Instacart is ready to report earnings today, which could possibly be an indicator of how others will fare.
Technology
New York Auto Show contained WOW factors in the Genesis concept car

Experience through Kimatni D. Rawlins
During the media preview 2025 New York International Auto Show (NYAIS), Genesis of a luxury brand emphasized its steadfast commitment to performance, adventure and the newest innovation with a set of vehicles that would dictate the company’s near future.
VIP guests, automotive media and lifestyle and essential directors, akin to José Muñoz, Randy Parker, Luc Donckerwolke and Olabisi Boyle gathered in Genesis House New York To witness the strategic evolution of the X Gran Equator (XGEC) and technologically advanced GMR-001hercar, which can manage the company’s racing efforts in 2026 on the other side of the spectrum, luxurious, off-road XGEC. The ability to grow deeply in the mother of nature with freedom of wilderness is inspiring. That’s right, in only one staff decade, the progressive Korean car manufacturer has made progress in motor and land sports.
“The concept of X Gran Equator is an exercise with harmonizing contrasts – in terms of elegance with the inequality and spirit of exploration with sophisticated comfort,” said Creative Director Genesis Luc Donckerwolke. “He represents the orchestration of true field competences and uncompromising luxury, designed to allow the most breathtaking landscapes in the world.”

For three consecutive years, Genesis will present developed and magm performance concepts at NYIAIS, including the exclusive GV80 Coupe concept, a panoramic concept of Neolun and the concept of dynamic GV60 magma. These vehicles add a portfolio dimension with energetic lines, enthusiastic attributes and engineering desirous about the future. The goal is to further expand your list to satisfy the various needs and evolving appetites of every species of consumer and motor sports enthusiasts.
Symbolizing the brand’s desire to calm the owners of the highest hospitality, we gathered in Genesis House in the Meatpacking district, where Genesis presented the concept of X Gran Equator, which will likely be issued by the end of July. With the name borrowed from a strong Arabian horse, the revolutionary SUV and its possibilities of collecting resembling the dune contain an prolonged hood, characteristic two-lubble headlights that cut the faceless checkered, divided tailgate, 24-inch roms wrapped in swivel roof cabinets. Internal digital features with physical switches and handles, a 4 -circular display cluster inspired by vintage discs, rotating front seats and parts of memory and compartments.

Then it was flashy and vigorous introduction of Genesis Magma Racing and its full-fledged Hypercar GMR-001. The LMDH Endurance prototype built for a few 12 months will start in 2026 with the highest challenge of entering 24 hours Le Mans. However, his current goal will likely be FIA World Endurance Championship (WEC) and IMSA Sportscar Championship. Drivers, racing overalls and orange color Magma, representing a grit with a strong presence, were also introduced. The graphics pay tribute to the Korean Heritage Genesis when interlacing motor innovations. The final details haven’t been released, but the newly developed V8 engine with a double turbo is a source of the hybrid drive system and chassis developed from Orec Motorsport. The Magma program adds a brand new dimension of Genesis, marking its expansion in high -performance production. Genesis goals to create a magma model for every production vehicle in an existing composition.
“Today it is a significant milestone for Genesis Magma Racing, when we reveal Hypercar GMR-001, as well as our striking colorful and racing suits,” said Cyril Abiteboul, team director. “We are preparing for our IMSA campaigns in 2026 and 2027 IMSA, we not only gather a racing team; we forge heritage. Every day brings us back to the implementation of the full potential of the genesis in the world of motor sports.”
After vehicle presentations, I adapted to the unique and authentic offers at Genesis House, where you possibly can have a delicious Korean culinary experience, read the Korean story, enjoy tea time or watch a lot of Genesis products at the exhibition. Other places and classes to enjoy in New York include insulation in Majestic Equinox Hotel, admiring Dish and its structure of a honeycomb, exploration of stores in Hudson Yards, including Genesis Studio, walking along the elevated high -line park built on the historic railway line, and taking lunch at Mercado little Spain or dinner in a clearly Korean restaurant Moon At East Village, Manhattan.
Understanding the assumptions of brands that you just admire – whether it’s automotive, technology or travel – is perfectly paying tribute to their heritage, strategy and values by immersing themselves in the DNA of their successful formulas. I used to be grateful for representing as a son-unit (honorary guest) while consuming enriching habits, social labels and approach to philosophical design during experience in Genesis in Nyias 2025.
(Tagstranslat) ny auto show
Technology
Anysphere, which makes the cursor supposedly collect USD 900 million with a valuation of USD 9 billion

Anysphere, producer of coding cursor with AI drive, attracted $ 900 million in the recent financing round by Thrive Capital, Financial Times He informed, citing anonymous sources familiar with the contract.
The report said that Andreessen Horowitz (A16Z) and ACCEL also participate in the round, which values about $ 9 billion.
The cursor collected $ 105 million from Thrive, and A16Z with a valuation of $ 2.5 billion, as TechCrunch said in December. Capital Thrive also led this round and in addition participated in A16Z. According to Crunchbase data, the startup has collected over $ 173 million thus far.
It is alleged that investors, including index ventures and a reference point, attempt to support the company, but plainly existing investors don’t want to miss the opportunity to support it.
Other coding start-ups powered by artificial intelligence also attract the interest of investors. Techcrunch announced in February that Windsurf, a rival for Aklesphere, talked about collecting funds at a valuation of $ 3 billion. Openai, an investor in Anysphere, was supposedly I’m attempting to get windsurf for about the same value.
(Tagstransate) A16Z
(*9*)This article was originally published on : techcrunch.com
Technology
This is the shipping of products from China to the USA

The Chinese retailer has modified the strategy in the face of American tariffs.
Thanks to the executive ordinance, President Donald Trump ended the so -called de minimis principle, which allowed goods value 800 USD or less entering the country without tariffs. It also increases tariffs to Chinese goods by over 100%, forcing each Chinese firms and Shein, in addition to American giants, similar to Amazon to adapt plans and price increases.
CNBC reports that this was also affected, and American buyers see “import fees” from 130% to 150% added to their accounts. Now, nevertheless, the company is not sending the goods directly from China to the United States. Instead, it only displays the offers of products available in American warehouses, while goods sent from China are listed as outside the warehouse.
“He actively recruits American sellers to join the platform,” said the spokesman ago. “The transfer is to help local sellers reach more customers and develop their companies.”
(tagstotransate) tariffs
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