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eBay to lay off 800 staff

eBay is cutting around 800 jobs, or 6% of its full-time employees.

“We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce,” the company said in a statement. “We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect.”

Bloomberg first reported the news.

The move comes a week after eBay said it would acquire Depop, a secondhand clothing app popular with Gen Z and millennials, from Etsy for $1.2 billion in cash.

eBay last week reported fourth-quarter results, with revenue rising 15% to $3 billion, exceeding analysts’ expectations.

This round of layoffs marks the third time eBay has cut jobs in the past three years. In early 2024, it cut 1,000 jobs, or about 9% of its workforce. In early 2023, it laid off about 500 employees, or about 4% of its headcount.

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India disrupts access to popular developer platform Supabase with blocking order

Supabase, a popular developer database platform, is facing disruptions in India — one of its key markets — has been blocked in India, TechCrunch has learned. New Delhi ordered internet providers to block its website, resulting in patchy access across networks.

The blocking order was issued on February 24 under Section 69A of India’s Information Technology Act, according to a source familiar with the matter. The provision empowers the government to restrict public access to online content.

The Indian government did not publicly cite a reason for the move, and it was not immediately clear whether the action was linked to a cybersecurity concern, copyright complaint, or another issue. It was also unclear how long the restrictions would remain in place.

Access to Supabase has been inconsistent in India over the past several days, with the San Francisco-based company acknowledging the issue in posts on social media starting Wednesday. While the restrictions were first reported by Supabase on Reliance Industries’ JioFiber network, users have since flagged similar problems across multiple internet providers and telecom networks. In one post on Friday, Supabase tagged India’s IT minister Ashwini Vaishnaw, asking him to intervene and restore access, though the company later removed the message and said in a subsequent update that the site remained blocked for many users in the country.

An Indian founder, who asked not to be named to avoid potential repercussions, told TechCrunch they had stopped seeing new user sign-ups from India over the past two to three days. A technology consultant working with local startups, who spoke on condition of anonymity, said they were unable to reliably access Supabase for both development and production purposes.

While Supabase suggested workarounds such as switching DNS settings or using a VPN (which reroute internet traffic to bypass local restrictions), the founder said such steps were not practical for most end users.

At the time of publication, TechCrunch was able to verify that supabase.co remained inaccessible on ACT Fibernet, JioFiber and Airtel connections in New Delhi. However, two users on ACT Fibernet in Bengaluru said they were still able to access the service, suggesting the restrictions may be unevenly implemented.

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A screenshot showing Supabase’s access blocked on ACT FibernetImage Credits:Screenshot / Jagmeet Singh / TechCrunch

Notably, Supabase’s main website remained accessible in India — but its underlying developer infrastructure did not.

India is Supabase’s fourth-largest source of traffic, accounting for about 9% of global visits, according to data from Similarweb, highlighting the potential fallout for the country’s developer ecosystem. The platform’s global traffic jumped more than 111% year over year to about 4.2 million visits in January. In India, visits rose roughly 179% to about 365,000, compared with a 168.5% increase in the U.S. to about 627,000.

The incident highlights broader concerns about India’s website blocking regime, said Raman Jit Singh Chima, Asia Pacific policy director at Access Now.

“This is a simple fact that has grave consequences for developers and others,” he told TechCrunch. “You don’t know where you can safely run projects without the danger that something might happen where it gets blocked, and suddenly you’re scrambling to find a way.”

India has previously faced criticism over broad website blocking measures. In 2014, authorities briefly restricted access to developer platform GitHub, along with services such as Vimeo, Pastebin and Weebly, during a security probe. Users on some Indian networks in 2023 also reported that a key GitHub content domain had been blocked by certain ISPs, according to earlier reports.

Founded in 2020 by CEO Paul Copplestone and CTO Ant Wilson, Supabase positions itself as an open-source alternative to Firebase built on PostgreSQL. The startup has gained traction amid rising interest in so-called “vibe coding” tools and AI-driven app development, and has raised about $380 million across three funding rounds since September 2024, lifting its valuation to $5 billion.

India’s Ministry of Electronics and IT, as well as telecom providers including ACT Fibernet, Bharti Airtel, and Reliance Jio, did not respond to requests for comment. Copplestone and Wilson also did not respond.


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Plaid valued at $8B in employee share sale

Plaid, a company that connects financial applications to users’ bank accounts, enabling payments and data verification, has allowed employees to sell some of their shares at an $8 billion valuation, the company confirmed to TechCrunch on Thursday.

The valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in April of last year, when it raised a $575 million round led by Franklin Templeton for partly the same purpose: purchasing shares from employees, including to help them cover the taxes associated with converting expiring restricted stock units (RSUs, a form of equity compensation) into shares.

Despite its new, bigger headline number, Plaid is still valued at 40% below its $13.4 billion peak in 2021, when ultra-low interest rates drove a massive surge in fintech valuations.

Such transactions have become increasingly common among private companies using liquidity as a retention tool. Recent examples include Stripe, which this week said it would allow employees to sell shares at a $159 billion valuation, as well as Clay, ElevenLabs, and Linear.

Beyond retention and to help staff cover tax bills triggered when RSUs vest, they relieve pressure on management to pursue an IPO before the company is ready.

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Ultrahuman bets on redesigned smart ring to win back U.S. market after Oura dispute

Ultrahuman on Friday unveiled a new smart ring with longer battery life and a redesigned form factor, as the Bengaluru-based wearable maker seeks to revive its U.S. business that was disrupted last year by a patent dispute with rival Oura.

The Ring Pro, Ultrahuman’s third-generation smart ring, offers up to 15 days of battery life — compared with four to six days on the Ring Air — and is priced at $479. It will be available for pre-orders globally, excluding the U.S., with shipments beginning in March.

Ultrahuman’s U.S. business was disrupted in October 2025 after the U.S. International Trade Commission — a federal agency that handles trade disputes — ruled in Oura’s favor in a patent dispute. The ruling prevented the startup from importing new ring inventory into the country, although existing retail stock continued to be sold. The blow was significant. The U.S. accounted for about 45% of Ultrahuman’s roughly 700,000 daily active users worldwide, according to co-founder and CEO Mohit Kumar.

In August 2025, Ultrahuman also filed a separate patent infringement case against Oura in the Delhi High Court, where the matter remains pending.

Meanwhile, to work around Oura’s patent, Ultrahuman developed the Ring Pro with a new design, Kumar told TechCrunch, adding that the device has been submitted to the U.S. Customs and Border Protection for clearance. U.S. Customs and Border Protection for clearance to confirm it can legally be imported into the country.

Despite the U.S. disruption, Ultrahuman is currently operating at an annualized revenue run rate of about $150 million, Kumar said. It reported $64 million in operating revenue in the financial year ended March 2025. The startup remains profitable after tax, although margins are expected to narrow due to litigation costs, tariffs, and the redesign effort, he added.

Alongside the new ring, Ultrahuman introduced Jade, a real-time “biointelligence” system that analyzes user health data across its devices and services to generate personalized insights and recommendations.

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Kumar said Jade is designed to move beyond retrospective health summaries toward real-time, actionable guidance.

Ultrahuman’s Jade AI systemImage Credits:Ultrahuman

“Most AI tools today look backward at your data,” he said. “Jade is built to react to your health in real time and surface actions users can take.”

Kumar said Jade will be available to all Ultrahuman users, including those using the older Ring Air, and does not currently require a subscription.

The Ring Pro features a redesigned heart-rate sensing architecture for improved signal quality during sleep and a new dual-core processor to enhance data accuracy and on-device computing. The device can store up to 250 days of health data and weighs about 5% to 6% more than the Ring Air, launched in July 2023 at $349.

Ultrahuman has also introduced a Pro Charger with up to 45 days of battery life to support on-the-go charging and enable faster updates and diagnostics through direct case connectivity. The charger also supports wireless charging via Qi, the same standard used by most modern smartphones.

Ultrahuman’s Pro ChargerImage Credits:Ultrahuman

Women account for about 68% of Ultrahuman’s user base, up from roughly 65% a year earlier, Kumar said, reflecting strong adoption of the startup’s women’s health features.

Ultrahuman also offers subscription-based services across its broader health platform, including a coaching and recovery program called PowerPlugs, the Blood Vision metabolic panel, Ultrahuman Home, and a continuous glucose monitoring offering. Subscriptions contribute about 16% of Ultrahuman’s revenue, while Blood Vision accounts for roughly 5% to 6% of the business, Kumar said.

Ultrahuman’s key growth markets include the UK, Canada, Australia, and India, Kumar told TechCrunch, with the latter contributing about 8% to 9% of overall revenue after recent investments in local customer support.

Global smart ring shipments grew nearly 80% year-over-year in 2025, driven by demand for compact wearables with advanced sleep tracking and longer battery life, said Anshika Jain, senior analyst at Counterpoint Research. Oura continues to lead with more than two-thirds of the market, while Ultrahuman holds the second position.

Jain added that future leaders in the category will be defined by sensor accuracy, AI-driven insights, and seamless ecosystem integration.

Separate IDC data showed global smart ring shipments rising about 30% year over year in Q3 2025 to nearly 1 million units, driven in part by demand for screenless fitness trackers, said Navkendar Singh, associate vice president at IDC India. Ultrahuman captured roughly 25% of the market during the period, per IDC.

Founded in 2019, Ultrahuman has raised about $55 million to date and counts Alpha Wave Incubation, Blume Ventures, Steadview Capital, and Nexus Venture Partners among its investors.

Ultrahuman, Kumar said, is building additional production capacity to support demand for the Ring Pro over the coming months.

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