Paytm, India’s leading mobile payments firm, recorded a 13.2% surge in revenue to $285.7 million in the quarter ending March and cut its loss by 57% to $20.5 million in a sharp turnaround for the company that is increasingly trying to become profitable. Paytm’s overall revenue in the financial year ending March 2023 stood at […]
Paytm tops $977 million revenue in a year, narrows loss by Manish Singh originally published on TechCrunch
Peter Ackerson has departed from his role as general partner at fintech-focused venture firm Fin Capital and started a new firm, Audere Capital. According to his LinkedIn profile, Ackerson — who joined Fin Capital in August of 2019 — stopped working at that firm in January of this year. While his profile shows that he […]
Ex-Fin Capital general partner, who led its investment in Pipe, starts new venture firm by Mary Ann Azevedo originally published on TechCrunch
Generative AI is pretty impressive in terms of its fidelity these days, as viral memes like Balenciaga Pope would suggest. The latest systems can conjure up scenescapes from city skylines to cafes, creating images that appear startlingly realistic — at least on first glance. But one of the longstanding weaknesses of text-to-image AI models is, […]
With DeepFloyd, generative AI art gets a text upgrade by Kyle Wiggers originally published on TechCrunch
A few weeks before Warner Bros. Discovery launches its new HBO Max/Discovery+ streaming service, Max, TechCrunch spoke with WBD chief technology officer Avi Saxena and chief product officer Tyler Whitworth about building the new platform from the ground up, rolling out new features, improving functionality, adding new tech and all around designing the product. They […]
Warner Bros. Discovery CTO and CPO explain how they made Max less buggy by Lauren Forristal originally published on TechCrunch
Small to medium-sized enterprises contribute 60% of Indonesia’s gross domestic product. But companies in the D2C space still struggle to compete against bigger brands. Praktis wants to put them on a more level playing field. The startup, which handles everything from raw material purchases to order fulfillment for D2C brands and suppliers, announced today it […]
Praktis lands $20M to help Indonesian D2C brands handle their supply chains by Catherine Shu originally published on TechCrunch
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Daily Crunch: Shopify lays off 20% of staff and sells its logistics arm to Flexport by Christine Hall originally published on TechCrunch
Welcome back to Chain Reaction. This week I’m writing the newsletter from the currently sunny and always beautiful city of Barcelona, Spain.
Developers are building out the blockchain ecosystem in Barcelona by Jacquelyn Melinek originally published on TechCrunch
Augmented reality is coming to Reels Ads and Facebook Stories, Meta announced this afternoon the IAB’s NewFronts as part of its pitch to advertisers. The update allows brands like Sephora, Tiffany & Co., and others to offer more immersive experiences and AR filters when marketing to Meta’s audience, including its younger Gen Z users. The […]
Meta pitches augmented reality to advertisers with new AR Reels Ads and Facebook Stories by Sarah Perez originally published on TechCrunch