Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Ticktock, TikTok: It’s been a wild week for TikTok. Even as the company starts testing its Twitter competitor in certain markets and launches its luxury secondhand shop […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Act fast! Applications for our Call for Content close today, April 26 at 11:59 p.m. PT. If you’re a seasoned startup pro ready to lead a session at TechCrunch Disrupt on October 28-30, now’s your chance to apply! Send in your proposal to speak at TechCrunch Disrupt 2024 before the deadline hits. Your topic should […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Aside from the crucial omission of an Ask and Use of Funds slide, just about every slide in the deck felt almost very good — but then stumbled by overlooking an important detail. © 2024 TechCrunch. All rights reserved. For personal use only ..read more

The OpenAI Startup Fund, a venture fund related to — but technically separate from — OpenAI that invests in early-stage, typically AI-related companies across education, law, and the sciences, has quietly closed a $15 million tranche. According to a filing with the U.S. Securities and Exchange Commission, two unnamed investors contributed the $15 million in […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Global Founders Capital, the Berlin-based early stage VC firm with close ties to the German startup factory Rocket Internet, is going to become the venture arm of Rocket Internet. The VC previously raised two $1 billion funds and, just a few years ago, its name appeared in dozens of deals per year. But then, things […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato’s food […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require their employees, that aren’t senior executives, to wait a set amount of time before joining a competitor or launching their own company in the same category. While the FTC’s ruling will impact industries […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Space and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned. © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Hurry up! Our Call for Content ends tomorrow, April 26 at 11:59 p.m. PT. If you’re a startup expert eager to lead a session at TechCrunch Disrupt on October 28-30, now’s the time to apply! Submit your proposal to speak at TechCrunch Disrupt 2024 before the deadline. Your topic should empower startup founders, builders, and […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

This share price gives Rubrik a fully diluted valuation of $6.6 billion, up 88% from its last primary valuation of $3.5 billion in 2019. © 2024 TechCrunch. All rights reserved. For personal use only ..read more