When Ritu Narayan was building her career in Silicon Valley, she found herself trying to juggle getting her kids around town. Companies like Uber and Lyft legally can't transport unaccompanied minors, so she created her own solution.
Zūm is a rideshare service that caters specifically to busy parents. They hire drivers with experience in childcare. Parents can send their kids from point A to point B with well-vetted drivers, who can also act as nannies.
Rides start at $16, and go up from there, depending on the length of the trip and the length of childcare needed. Currently, Zūm is only available in the San Francisco Bay Area. Co-Founder and CEO Narayan says the company plans to expand to Southern California and other major markets, like Chicago, in the next year or two.
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
