Category: Startups
Meta’s Cred deal showcases new playbook: take stake, hire the founder
Meta‘s $900 million investment in Cred and the appointment of the fintech’s founder Kunal Shah as WhatsApp‘s new global head are the latest in a…
Young, loss-making startups keep OFS portion lean as investor scrutiny grows
Young, loss-making startups preparing for initial public offerings (IPOs) are increasingly keeping the fresh issue component large to fund their growth plans as investors grow…
Info Edge says it invested Rs 1,003 crore on AI, deeptech startups since 2020
Info Edge, the parent company of Naukri, has invested Rs 1,003 crore across 54 artificial intelligence (AI) and deeptech startups since 2020, as the early…
OpenAI alumnus Shyamal Anadkat returns to India, teases AI venture
Former OpenAI executive Shyamal Hitesh Anadkat has returned to India after nearly four years at the San Francisco-based artificial intelligence (AI) company, and indicated he…
Deeptech startup BioCompute is moving out of India; founder explains why
Bengaluru-based DNA data storage startup BioCompute is relocating to San Francisco as it moves from the prototype stage to product development. Founder Anagha Rajesh said…
Deepinder Goyal’s Temple claims discovery of biomarker that calculates cost of being alive; here’s what it means
Deepinder Goyal on Thursday announced that his health and fitness wearables startup Temple has discovered a new biomarker called ‘Entropy’. “The Temple team has made…
Space startups seek insurance for orbital AI data centers
Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon…
L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore
Innovist cofounder and chief executive Rohit Chawla is expected to pocket around Rs 600-700 crore from the sale of part of his stake to French…
AI company Dream triples value to $3 billion in funding round
Dream, an Israeli artificial intelligence company that provides AI and cybersecurity services to governments and critical infrastructure operators, has raised $260 million at a $3…
L’Oréal buys control of Innovist as India beauty battle intensifies
L’Oréal SA is acquiring a majority stake in Indian beauty startup Innovist, deepening its bet on one of the world’s fastest-growing personal care markets as…