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Ola Electric Founder's AI Startup Krutrim Becomes India's First AI Unicorn
Krutrim has gained unicorn status as the AI startup founded by serial entrepreneur Bhavish Aggarwal secured $50 million in funding from investors including Matrix Partners India. It is the first AI startup to gain a billion-dollar valuation, a mere month after announcing its first large language model (LLM).
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Volkswagen, Mahindra Partner to Explore Use of Modular Electric Drive Matrix Components
Volkswagen and Mahindra & Mahindra have collaborated to exploring the use of modular electric drive matrix (MEB) components for M&M’s new 'Born Electric Platform'. Mahindra is planning to equip MEB electric components with its Born Electric Platform.
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Sequoia-Backed Stanza Living In Final Stages Of Raising Up To $120 Million: Report
Stanza has so far raised $70 million from venture capital firms including Sequoia Capital, Accel Partners, Matrix Partners, Falcon Edge Capital and Equity International.
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Ola Raises Rs. 670 Crores From Ratan Tata-Backed Fund, Others
However, the valuation of Ola benchmarked against the fresh round of funding could not be ascertained.
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Matrix Cellular Enters E-Commerce Space With 'Travel Companion' App
The Matrix Travel Companion app has been incubated by Matrix Cellular but its business will operate independently from SIM service business of Matrix.
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Ola, Matrix Partners Explicitly Deny Stake Sale to Uber
The company slammed the Mumbai-based newspaper for its report, and said that it will be initiating legal action and seeking compensation for damage caused due to the report.
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Online Healthcare Provider Practo Makes Key Hires to Improve Product Offering
Online healthcare platform Practo announced the appointment of Anshumani Ruddra and Tarun Bhambra to lead new product teams.
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Mobile App Ola to Raise $210 Million From SoftBank, Other Investors
Ola, a mobile app for cab booking, will raise $210 million (about Rs 1,260 crore) from Japan's SoftBank Group and other existing investors - Tiger Global, Matrix Partners India and Steadview Capital.
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Qualcomm Invests in Indian Start-Up Birds Eye Systems
Indian technology start-up Birds Eye Systems on Tuesday said that it has raised funds from US-based electronic chip firm Qualcomm's investment arm to expand its operations.
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Tiger Global Leads $60 Million Investment in Quikr
Online classifieds portal Quikr has secured $60 million (Rs 360 crore at 1 dollar = 60 rupees) from backers led by US investor Tiger Global Management LLC to boost product development and expand its mobile business, the company said on Wednesday.
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Quikr attracts private equity investment worth $32 mn
Quikr, the internet and mobile based classified ads firm, has raised $32 million (Rs 176 crore) from overseas investors including Warburg Pincus in the fifth round of funding.
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Matrix Partners India invests 20 crore in Ver se Innovation
Targets consumers who use mobile as the first point of information accessMatrix Partners India has announced that it has invested in Ver se Innovation. Ver se provides mobile classifieds services in categories such as Jobs, Matrimonials, and Real Estate. The company targets consumers who use the mobile as the first point of information access and i...
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Ola Electric Founder's AI Startup Krutrim Becomes India's First AI Unicorn
Krutrim has gained unicorn status as the AI startup founded by serial entrepreneur Bhavish Aggarwal secured $50 million in funding from investors including Matrix Partners India. It is the first AI startup to gain a billion-dollar valuation, a mere month after announcing its first large language model (LLM).
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Volkswagen, Mahindra Partner to Explore Use of Modular Electric Drive Matrix Components
Volkswagen and Mahindra & Mahindra have collaborated to exploring the use of modular electric drive matrix (MEB) components for M&M’s new 'Born Electric Platform'. Mahindra is planning to equip MEB electric components with its Born Electric Platform.
-
Sequoia-Backed Stanza Living In Final Stages Of Raising Up To $120 Million: Report
Stanza has so far raised $70 million from venture capital firms including Sequoia Capital, Accel Partners, Matrix Partners, Falcon Edge Capital and Equity International.
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Ola Raises Rs. 670 Crores From Ratan Tata-Backed Fund, Others
However, the valuation of Ola benchmarked against the fresh round of funding could not be ascertained.
-
Matrix Cellular Enters E-Commerce Space With 'Travel Companion' App
The Matrix Travel Companion app has been incubated by Matrix Cellular but its business will operate independently from SIM service business of Matrix.
-
Ola, Matrix Partners Explicitly Deny Stake Sale to Uber
The company slammed the Mumbai-based newspaper for its report, and said that it will be initiating legal action and seeking compensation for damage caused due to the report.
-
Online Healthcare Provider Practo Makes Key Hires to Improve Product Offering
Online healthcare platform Practo announced the appointment of Anshumani Ruddra and Tarun Bhambra to lead new product teams.
-
Mobile App Ola to Raise $210 Million From SoftBank, Other Investors
Ola, a mobile app for cab booking, will raise $210 million (about Rs 1,260 crore) from Japan's SoftBank Group and other existing investors - Tiger Global, Matrix Partners India and Steadview Capital.
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Qualcomm Invests in Indian Start-Up Birds Eye Systems
Indian technology start-up Birds Eye Systems on Tuesday said that it has raised funds from US-based electronic chip firm Qualcomm's investment arm to expand its operations.
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Tiger Global Leads $60 Million Investment in Quikr
Online classifieds portal Quikr has secured $60 million (Rs 360 crore at 1 dollar = 60 rupees) from backers led by US investor Tiger Global Management LLC to boost product development and expand its mobile business, the company said on Wednesday.
-
Quikr attracts private equity investment worth $32 mn
Quikr, the internet and mobile based classified ads firm, has raised $32 million (Rs 176 crore) from overseas investors including Warburg Pincus in the fifth round of funding.
-
Matrix Partners India invests 20 crore in Ver se Innovation
Targets consumers who use mobile as the first point of information accessMatrix Partners India has announced that it has invested in Ver se Innovation. Ver se provides mobile classifieds services in categories such as Jobs, Matrimonials, and Real Estate. The company targets consumers who use the mobile as the first point of information access and i...
