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Sarvam: When US slams the door, India begins to find its own openingSarvam AI’s rise to a $1.5 bn valuation after raising $234 mn marks a major milestone for India’s push toward AI sovereignty. The funding c...- HCL Tech shares jump 3% after buying stake in Sarvam AI for Rs 1,427 croreHCL Tech share price gained 3% after i invested $150 million in Sarvam AI, India's largest AI startup, acquiring a 10.46% stake. This strat...
- Sarvam joins unicorn club; Razorpay lines up IPOFresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5.
- Sarvam raises $234 million led by HCLTech at $1.5 billion valuationIndia's Sarvam AI has secured $234 million in a funding round led by HCLTech, valuing the homegrown AI startup at $1.5 billion. This invest...
- Skyroot Aerospace, KreditBee among latest startups to enter unicorn clubIndia's startup scene is experiencing significant growth. Several new companies have achieved unicorn status, valued at over $1 billion. Sk...
- Premji Invest in talks to join Emergent fundraisePremji Invest is reportedly in talks for a significant investment in coding platform Emergent's $250 million funding round, which could val...
- Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
- Amazon's Now pivot; Anthropic's revenue surgeAmazon is shuttering its Fresh service in major cities to focus on its quick commerce platform. This and more in today's ETtech Top 5.
- Autonomous shipmaker Saronic valued at $9.25 billion in latest funding roundThe defense company has drawn big-name investors as governments ramp up spending and seek to secure supply chains and maritime trade rout...
- Nearly 92% of Indian SaaS cos adopted AI in 12 months: BessemerAI adoption by SaaS platforms helps make software more intuitive, adaptive, and capable of automating complex tasks. The report titled ‘The...
- Innoviti Technologies to raise Rs 115 crore by April endInnoviti Technologies secured funding for mid-market expansion, aiming for profitability by Sep 2024. It provides SaaS tools to enterprise ...
- MoveInSync raises $15 million from Bessemer Venture PartnersMoveInSync, a cab-hailing service provider to enterprises, raised $15M in a Series C funding round from Bessemer Venture Partners. The fund...
- Medi Assist files IPO papers with Sebi again; public issue entirely an OFSExplaining the reason for going public, the company said it is aimed at achieving the benefit of listing equity shares on the stock exchang...
- Medi Assist Healthcare refiles draft papers with Sebi for 2.8 crore-share sale via IPOThe IPO is a complete offer for sale, wherein promoters and other shareholders plan to sell 28,028,168 shares of the company. If the IPO sa...
- Medi Assist Healthcare Services files IPO papers with SebiThe initial public offer (IPO) is entirely an offer of sale of up to 28,028,168 equity shares of Medi Assist by promoters and existing shar...
- Alabama could be home to Amazon's first union in the US"This is historically a very anti-union state. That's why I am incredibly moved and impressed by courage of these workers," Bernie Sanders ...
- Warburg Pincus to acquire 30% stake in Home First FinanceIn this secondary round, existing investors True North Capital, and Bessemer Ventures will sell part of their stake to Warburg. Home-grown ...
- We are betting big on internet companies: Rob Chandra, Managing Partner, Bessemer Venture PartnersTough market conditions and skyrocketing valuations have forced PE investors to wait and watch rather than loosen their purse strings.
- Bessemer Venture to invest 20 crore in start-upGlobal investment firm Bessemer Venture Partners will spend 20 crore to incubate CleanMax Enviro Energy Solutions, a Mumbai-based power gen...
- Bessemer Venture raises $1.6 bn venture capital fund, to invest 25% in IndiaThe investors are largely US-based university endowments, foundations and family offices that are looking to invest in India's rapid growth...
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