Gopuff is in talks to take out a $300 million credit line as the SoftBank-backed delivery startup’s initial public offering plans remain on ice, The Wall Street Journal reported on Tuesday . The revolving loan would give Gopuff access to fresh cash as its customer order growth slows. The Philadelphia-based startup has tried to slow cash burn by slashing staff and shuttering warehouses. It had...
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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