Close Menu
TechBrunchTechBrunch
  • Home
  • AI
  • Apps
  • Crypto
  • Security
  • Startups
  • TechCrunch
  • Venture

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Vitalik Buterin reserves for Sam Altman's global project

June 28, 2025

FBI, cybersecurity firms say prolific hacking crews are currently targeting airlines and transportation sectors

June 28, 2025

YouTube mobile video editor is coming to iOS

June 27, 2025
Facebook X (Twitter) Instagram
TechBrunchTechBrunch
  • Home
  • AI

    OpenAI seeks to extend human lifespans with the help of longevity startups

    January 17, 2025

    Farewell to the $200 million woolly mammoth and TikTok

    January 17, 2025

    Nord Security founder launches Nexos.ai to help enterprises move AI projects from pilot to production

    January 17, 2025

    Data proves it remains difficult for startups to raise capital, even though VCs invested $75 billion in the fourth quarter

    January 16, 2025

    Apple suspends AI notification summaries for news after generating false alerts

    January 16, 2025
  • Apps

    YouTube mobile video editor is coming to iOS

    June 27, 2025

    Tiktok is testing its own version of Instagram's “broadcast channel”

    June 27, 2025

    Google launches DOPPL. This launches a new app that lets you visualize how your outfit looks to you

    June 26, 2025

    Apple updates rules for the EU App Store by adding more complicated pricing

    June 26, 2025

    Threads allow you to manage hidden words apart from Instagram and set time limits

    June 26, 2025
  • Crypto

    Vitalik Buterin reserves for Sam Altman's global project

    June 28, 2025

    Calci will close a $185 million round as rival Polymeruk reportedly seeks $200 million

    June 25, 2025

    Stablecoin Evangelist: Katie Haun's Battle of Digital Dollars

    June 22, 2025

    Hackers steal and destroy millions of Iran's biggest crypto exchanges

    June 18, 2025

    Unique, a new social media app

    June 17, 2025
  • Security

    FBI, cybersecurity firms say prolific hacking crews are currently targeting airlines and transportation sectors

    June 28, 2025

    Prolific cybercrime gangs currently targeting the airline and transportation sector

    June 27, 2025

    US and French authorities confirm arrest of a violation form hacker

    June 26, 2025

    Homeland Security warns about Iran-backed cyberattacks targeting US networks

    June 26, 2025

    Ring cameras and doorbells now use AI to provide specific descriptions of motion activities

    June 25, 2025
  • Startups

    7 days left: Founders and VCs save over $300 on all stage passes

    March 24, 2025

    AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

    March 24, 2025

    20 Hottest Open Source Startups of 2024

    March 22, 2025

    Andrill may build a weapons factory in the UK

    March 21, 2025

    Startup Weekly: Wiz bets paid off at M&A Rich Week

    March 21, 2025
  • TechCrunch

    OpenSea takes a long-term view with a focus on UX despite NFT sales remaining low

    February 8, 2024

    AI will save software companies' growth dreams

    February 8, 2024

    B2B and B2C are not about who buys, but how you sell

    February 5, 2024

    It's time for venture capital to break away from fast fashion

    February 3, 2024

    a16z's Chris Dixon believes it's time to focus on blockchain use cases rather than speculation

    February 2, 2024
  • Venture

    Jesse Draper's Halogen Ventures closes $30 million Fund III to focus on the “future of a family”

    June 27, 2025

    Only 2 Exhibitor Tables to get grabs at TC at all stages – billed by June 29th

    June 27, 2025

    Founders of 01A share their playbook in 2025

    June 27, 2025

    TC All Stage regains early release prices for limited time

    June 27, 2025

    This AI-powered startup studio is planning to launch 100,000 companies a year – truly

    June 27, 2025
TechBrunchTechBrunch

Maju Kuruvilla becomes CEO of one-click checkout company Bolt

TechBrunchBy TechBrunchMarch 25, 20243 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Telegram Email


Maju Kuruvilla is no longer the CEO of one-click checkout company Bolt. He will be replaced as interim CEO by Bolt's head of global sales, Justin Grooms, according to Grooms' LinkedIn profile.

Kuruvilla didn't say much about the change, but confirmed it on both LinkedIn and X by simply posting, “Checkout with one click.” @bolt! Forward,” he wrote with a rocket emoji. (He declined to comment further.) Commenting on his LinkedIn post, Arjun Sethi, co-founder of venture firm Tribe Capital, said he and the executive were “great to work with.'' It was wonderful.”

The Bolt board of directors voted to dismiss him this weekend, the Information reported.

Kuruvilla, a former Amazon executive, took over as CEO in January 2022 after founder Ryan Breslow stepped down.

Groom joined Bolt five years ago after holding executive positions at companies including Ultraleap (formerly Leap Motion), Datron World Communications and Qualcomm, according to his LinkedIn. The company told The Information that the CEO's role had changed and called Kuruvilla's departure “amicable,” but did not provide further details.

Bolt is no stranger to controversy. The founder, who was 27 years old at the time, breslowHe founded his own company after dropping out of Stanford University and was generally known for his outspoken outbursts.

In an interview with TechCrunch's Connie Loizos in the month he resigned, he said the company had about 10 major deals in the second half of 2021, and that each deal was “one of the biggest deals Bolt has ever signed in the company's history.” It's bigger than any other contract we've ever signed.”

But then the company faced some difficulties. Bolt was at one point the subject of a federal investigation involving Breslow into whether the company violated securities laws during its 2021 fundraising. At the time, Bolt was seeking $355 million in a Series E round that valued the company at $11 billion. The company has raised a total of approximately $1 billion in venture support.

There have also been several rounds of layoffs, including layoffs in May 2022 when at least 185 employees, a third of the workforce, were reportedly laid off. He then had another one in early 2023 and one in December 2023, affecting 29% of his employees.

In October, then-CEO Kuruvilla told TechCrunch that the SEC was no longer considering Bolt and that the company was working to improve profitability and improving product returns. He said several new features are in the pipeline, including the ability to offer personalized experiences on the Universal Shopper Network. In November, the company announced partnerships with retailers including Saks OFF 5TH, Shinola, Filson, Lafayette 148 and Toys “R” Us.

Most recently, Bolt signed a deal with Checkout, making Bolt the “exclusive one-click checkout provider” for Checkout.com, and Checkout.com becoming “Bolt's preferred payments partner.”

Want more fintech news delivered to your inbox? Sign up for TechCrunch Fintech here.

Want to share a tip? Email us at maryann@techcrunch.com or chall.techcrunch@gmail.com or send us a message on Signal at 408.204.3036. You can also send notes to the entire TechCrunch staff at tips@techcrunch.com. For more secure communications, click here to contact us. This includes links to SecureDrop (instructions here) and encrypted messaging apps.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025

Startup Weekly: Wiz bets paid off at M&A Rich Week

March 21, 2025

Wayve CEO shares his key elements for scaling autonomous driving technology

March 21, 2025

Leave A Reply Cancel Reply

Top Reviews
Editors Picks

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025
About Us
About Us

Welcome to Tech Brunch, your go-to destination for cutting-edge insights, news, and analysis in the fields of Artificial Intelligence (AI), Cryptocurrency, Technology, and Startups. At Tech Brunch, we are passionate about exploring the latest trends, innovations, and developments shaping the future of these dynamic industries.

Our Picks

Vitalik Buterin reserves for Sam Altman's global project

June 28, 2025

FBI, cybersecurity firms say prolific hacking crews are currently targeting airlines and transportation sectors

June 28, 2025

YouTube mobile video editor is coming to iOS

June 27, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 TechBrunch. Designed by TechBrunch.
  • Home
  • About Tech Brunch
  • Advertise with Tech Brunch
  • Contact us
  • DMCA Notice
  • Privacy Policy
  • Terms of Use

Type above and press Enter to search. Press Esc to cancel.