India’s Razorpay launches faster checkout feature, tops $60 billion TPV – TechCrunch

Razorpay is making it more convenient for users to pay businesses with a faster checkout option as the leading Indian payments infrastructure giant pushes to win a bigger slice of the world’s second largest internet market. The new feature, called Magic Checkout, saves shopper’s information — password, card details, addresses — during their first purchase…

Indian ride-hailing startup Ola valued at $7.3 billion in new funding – TechCrunch

Indian ride-hailing giant Ola has raised $139 million at a valuation of about $7.3 billion, it said in a filing, ahead of its plans to file for an initial public offering early next year. Mumbai-headquartered financial giant Edelweiss led the new investment tranche. IIFL, Siddhant Partners, Tejal Merchantile, Hero Enterprise also poured money, Bangalore-headquartered Ola…

Better.com CEO Vishal Garg apologizes to current employees for ‘blundering’ of mass layoffs; SPAC delayed – TechCrunch

Better.com CEO Vishal Garg apparently realizes he’s done wrong. (As if the barrage of negative publicity wasn’t enough evidence of that ). Today, a letter to current employees was leaked on Blind by a verified Better employee. In the letter, Garg apologized for the way he (mis)handled the layoffs news last week, writing: “I failed to…

At ‘Lens Fest,’ Snap debuts creations tools for more sophisticated augmented reality experiences – TechCrunch

As Snap’s creators begin to experiment with the company’s augmented reality Spectacles hardware, the company is delving deeper into juicing the capabilities of its Lens Studio to build augmented reality filters which are more connected, more realistic and more futuristic. At the company’s annual Lens Fest event, Snap debuted a number of changes coming to…

Chinese Amazon aggregator Nebula Brands raises $50M led by L Catterton – TechCrunch

2021 has been a rosy year for China-based Amazon vendors looking for exits. Roll-ups, or brand aggregators, have been flooding China’s export-oriented e-commerce market with capital to scoop up sellers. The roll-ups themselves are fueled by venture capital, such as Silicon Valley’s Markai, which recently raised its seed round of $4 million from investors like…