[ad_1] The executive board of the International Monetary Fund approved $1.1 billion in funding for Pakistan on Monday, the agency said in a statement, amid discussions for a new loan. The funding is the second and last tranche of a $3 billion standby arrangement with the IMF (Reuters/File) The funding is the second and last…
[ad_1] MUMBAI: Indian startups raised $2 billion in funding in the Jan-March quarter, data sourced from market research firm Tracxn showed. That’s about 40% lower compared to the $3.3 billion that companies pocketed from investors in the year-ago quarter.A reading of the trends in quarterly funding, however, showed that the ecosystem, which has been struggling…
[ad_1] NEW DELHI: Kore.ai, a Hyderabad-based AI major, closed third round of funding of $150 million on Tuesday with US-based FTV Capital, along with participation from NVIDIA and existing investors Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie. Kore.ai, a leader in enterprise conversational and generative AI platform technology, raised the funds to accelerate market…
[ad_1] BENGALURU: Krutrim, the AI startup founded by Ola‘s Bhavish Aggarwal, has raised $50 million in a funding round led by Matrix Partners India. Aggarwal said the funding was at a valuation of over $1 billion. This makes it perhaps India’s first unicorn in the pure AI space. The funds would be deployed to drive…
[ad_1] Elon Musk has said a report that his artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate. “This is simply not accurate,” he said in a reply to a user post about the Bloomberg article on social media platform X. The artificial intelligence…
[ad_1] BENGALURU: The funding winter in India’s startup ecosystem is far from over. Indian tech startups raised $7 billion this year, its lowest in the last five years. This is a sharp drop of 72% as against $25 billion it raised in the corresponding period last year, showed data from market intelligenceplatform Tracxn’s Geo Annual…
[ad_1] An environment where raising funds by start-ups in the US is considerably tough has not been a deterrent for Indian American entrepreneur Umang Dua. The Doon School alumnus recently co-founded Keychain, the world’s first comprehensive marketplace for the consumer packaged goods sector, with the company announcing USD 18 million in seed fundingfrom Lightspeed Venture…
[ad_1] BENGALURU:InCred Holdings, the parent of InCred Financial Services, has turned a unicorn (valued at over $1 billion) after it raised Rs 500 crore from a clutch of investors including a global PE fund, corporate treasuries, family offices, and ultra high net-worth individuals (UHNIs).The fintechcompany, however, didn’t disclose the names of the investors.Thefunding would be…
[ad_1] After securing a funding in the UK, Tata Steel is looking for a financial aid from the Netherlands government to execute its decarbonisation plans.On September 15, Tata Steel and the UK government agreed on a joint investment plan of 1.3 billion pounds to execute decarbonisation plans at Port Talbot steel-making facility in Britain under…
[ad_1] CHENNAI: Space tech startup Agnikul Cosmos has raised Rs 200 crore (around $26.7 million) in Series B funding from venture capital investors including Celesta Capital, Rocketship.vc, Artha Venture Fund, and Artha Select Fund, along with participation from existing investors Mayfield India, pi Ventures, Speciale Invest, and others.This is Agnikul’s largest fundraise till date and…
