Categories Peloton

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Salut raises $1.25M for its virtual fitness service

This morning Salut, an app-based service that allows fitness trainers to host classes virtually, announced that it has raised $1.25 million in a new financing event. The round was led by Charles Hudson, an investor at Precursor Ventures. Founder Matthew DiPietro, formerly of Twitch, told TechCrunch that Salut soft-launched in […]

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True Ventures has $840 million more to invest in nascent and breakout startups

True Ventures, the now 15-year-old firm with offices in Palo Alto, Calif., and San Francisco, is taking the wraps off two new funds this morning: it has closed its seventh early-stage fund with $465 million, and capped its fourth opportunity-type fund — used to back its own breakout portfolio companies […]

The Peloton effect

During the most recent quarter, only a few earnings reports stood out from the rest. Zoom’s set of results were one of them, with the video-communications company showing enormous acceleration as the world replaced in-person contact with remote chat. Another was Peloton’s earnings from the fourth quarter of its fiscal […]

Daily Crunch: Peloton might expand its product lineup

Peloton’s product lineup is both getting cheaper and more expensive, Nintendo announces a new retro device and Palantir reveals more about its governance plans. This is your Daily Crunch for September 4, 2020. The big story: Peloton might expand its product lineup Peloton is preparing to add new products at […]

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Peloton said to be launching new, cheaper treadmill and higher-end stationary smart bike

Peloton is reportedly getting ready to add to its product lineup with two new products at either end of its pricing spectrum, according to Bloomberg. The workout tech company is planning both a cheaper, entry-level smart treadmill, and a higher-end version of its stationary exercise bike, with an announcement set […]

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India’s Reliance Jio Platforms to sell $250 million stake to L Catterton

Speaking of Reliance Jio Platforms, the top Indian telecom operator said on Saturday it has secured another investment. L Catterton, a U.S. private equity firm will invest $250 million for a 0.39% stake in Jio Platforms, becoming the ninth investor to back the Indian firm at the height of a […]

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Peloton launches an Android TV app

With gyms across the country closed for business, at-home exercise companies like Peloton have found an unexpected opportunity. As the connected fitness company looks to onboard new customers, they’re also expanding platform support, announcing today that they would be bringing their app to Android TV, the OS used by millions […]