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

Petlibro, pet tech startup that designs automatic food dispensers for cats, launched its first refrigerated smart feeder. © 2024 TechCrunch. All rights reserved. For personal use only ..read more

Fintoc's API lets online businesses accept instant payments coming directly from the customer's bank account. This method, known as A2A, offers an alternative to credit card transactions. © 2024 TechCrunch. All rights reserved. For personal use only ..read more

The Federal Trade Commission voted 3-2 this week to ban noncompete agreements. While the FTC estimates that nearly one in five American workers is subject to a noncompete, these agreements haven’t been a huge issue in Silicon Valley, because they’re not enforceable in California. This has arguably been one of the region’s competitive advantages, as […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

RevenueCat, a top subscription management platform for apps that monetize via in-app purchases, is now flush with new capital as it expands to the web. The company has closed on a $12 million Series C led by Adjacent, following the launch of a new product, RevenueCat Billing, that allows web app developers to integrate subscription […] © 2024 TechCrunch. All rights reserved. For personal use only ..read more

“Teampay represents this new class of fintech companies that came up,” said Paystand CEO Jeremy Almond. © 2024 TechCrunch. All rights reserved. For personal use only ..read more