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Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
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Budget 2025: Tech in Focus With Framework for GCCs, New 'Fund of Funds' for startups, CoE for AI
Finance Minister Nirmala Sitharaman announced a national framework for Global Capability Centres (GCCs), a Rs 500-crore Centre of Excellence in AI for education, and a deep tech 'Fund of Funds' in the Union Budget. The framework will guide states in promoting GCCs in Tier-2 cities, enhancing talent and infrastructure, building byelaw reforms, and f...
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Amazon-Backed Anthropic To Raise $2 Billion At $60 Billion Evaluation
The new funding, $6 billion in total, will mark a jump in valuation (up from $18 Billion last year) for Anthropic, a major competitor of OpenAI in the foundation model space.
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Explainer-Why OpenAI Plans Transition To Public Benefit Corporation
OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity.
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"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
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AI Search Startup Perplexity In Talks For $9 Billion Valuation
The new valuation, which includes the amount the company would raise, could triple its previous value of $3 billion from a funding round earlier this year.
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OpenAI Raises $6.6 Billion In Funds At $157 Billion Value
In a statement, the company said it would use the cash influx to drive forward AI research and increase its computing capacity.
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Google Will Fund Global AI Education At The Cost Of 120M Dollars: Sundar Pichai
Pichai announced "Global AI Opportunity Fund" at the event and said that the AI education will be done in local languages, in partnerships with nonprofits and NGOs.
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OpenAI Co-Founder Sutskever's New Safety-Focused AI Startup SSI Raises $1 billion
The Company currently has 10 employees and plans to use funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israe
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Nvidia Discusses Joining OpenAI's Latest Funding Round
Apple Inc. and Microsoft Corp. also have been in talks about participating in the financing that is led by Thrive Capital, which is investing about $1 billion
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OpenAI In Talks To Raise Funding At Over $100 Billion Valuation, WSJ Reports
he funding round is expected to be led by venture capital firm Thrive Capital, which is poised to invest approximately $1 billion
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Indian Spacetech Startups See Record-Breaking Funding Amid Government Push
India's spacetech sector witnessed record-breaking funding of $126 million in 2023 - a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed today.
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Koo to Shut Down Four-Year-Old Service After Acquisition Discussions Fail
Koo is shutting down, co-founders Aprameya Radhakrishna and Mayank Bidawatka announced on Wednesday. Four years ago after it was launched as a competitor to Twitter (now known as X), Koo will cease operations after acquisition talks with "multiple larger internet companies, conglomerates and media houses" failed, according to the app's founders.
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India Now Has 3,600 Deeptech Startups, Ranks 6th Globally: Nasscom
India now ranks sixth among the top nine deeptech ecosystems globally with 3,600 such startups, which received $850 million funding last year, a Nasscom report said on Thursday.
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Grocery Startup By Jyotiraditya Scindia's Son Alleges Fraud By Its Manager
MyMandi, a grocery app startup of Mahanaaryaman Scindia, son of Union minister and BJP leader Jyotiraditya Scindia, has lodged a complaint of cheating against its own manager at Gwalior in Madhya Pradesh for allegedly embezzling funds, police said.
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Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
-
Budget 2025: Tech in Focus With Framework for GCCs, New 'Fund of Funds' for startups, CoE for AI
Finance Minister Nirmala Sitharaman announced a national framework for Global Capability Centres (GCCs), a Rs 500-crore Centre of Excellence in AI for education, and a deep tech 'Fund of Funds' in the Union Budget. The framework will guide states in promoting GCCs in Tier-2 cities, enhancing talent and infrastructure, building byelaw reforms, and f...
-
Amazon-Backed Anthropic To Raise $2 Billion At $60 Billion Evaluation
The new funding, $6 billion in total, will mark a jump in valuation (up from $18 Billion last year) for Anthropic, a major competitor of OpenAI in the foundation model space.
-
Explainer-Why OpenAI Plans Transition To Public Benefit Corporation
OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity.
-
"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
-
AI Search Startup Perplexity In Talks For $9 Billion Valuation
The new valuation, which includes the amount the company would raise, could triple its previous value of $3 billion from a funding round earlier this year.
-
OpenAI Raises $6.6 Billion In Funds At $157 Billion Value
In a statement, the company said it would use the cash influx to drive forward AI research and increase its computing capacity.
-
Google Will Fund Global AI Education At The Cost Of 120M Dollars: Sundar Pichai
Pichai announced "Global AI Opportunity Fund" at the event and said that the AI education will be done in local languages, in partnerships with nonprofits and NGOs.
-
OpenAI Co-Founder Sutskever's New Safety-Focused AI Startup SSI Raises $1 billion
The Company currently has 10 employees and plans to use funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israe
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Nvidia Discusses Joining OpenAI's Latest Funding Round
Apple Inc. and Microsoft Corp. also have been in talks about participating in the financing that is led by Thrive Capital, which is investing about $1 billion
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OpenAI In Talks To Raise Funding At Over $100 Billion Valuation, WSJ Reports
he funding round is expected to be led by venture capital firm Thrive Capital, which is poised to invest approximately $1 billion
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Indian Spacetech Startups See Record-Breaking Funding Amid Government Push
India's spacetech sector witnessed record-breaking funding of $126 million in 2023 - a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed today.
-
Koo to Shut Down Four-Year-Old Service After Acquisition Discussions Fail
Koo is shutting down, co-founders Aprameya Radhakrishna and Mayank Bidawatka announced on Wednesday. Four years ago after it was launched as a competitor to Twitter (now known as X), Koo will cease operations after acquisition talks with "multiple larger internet companies, conglomerates and media houses" failed, according to the app's founders.
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India Now Has 3,600 Deeptech Startups, Ranks 6th Globally: Nasscom
India now ranks sixth among the top nine deeptech ecosystems globally with 3,600 such startups, which received $850 million funding last year, a Nasscom report said on Thursday.
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Grocery Startup By Jyotiraditya Scindia's Son Alleges Fraud By Its Manager
MyMandi, a grocery app startup of Mahanaaryaman Scindia, son of Union minister and BJP leader Jyotiraditya Scindia, has lodged a complaint of cheating against its own manager at Gwalior in Madhya Pradesh for allegedly embezzling funds, police said.
