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MENLO MICRO FUNDING
PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...- AI startups feel war impact; Sarvam eyes unicorn clubHappy Wednesday! War-led uncertainty and a weaker rupee are beginning to impact growth plans for Indian AI startups. This and more in today...
- Nvidia, Menlo Micro collaboration speeds up AI chip testingNvidia and Menlo Micro developed new switching chips that accelerate AI-chip testing by 30–90%, easing a major production bottleneck. Menlo...
- AI chip startup FuriosaAI rejects Meta’s $800 million offerKorean chip startup FuriosaAI turned down an $800 million acquisition offer from Meta, opting to remain independent. The company, led by Ju...
- Sequoia Surge to raise ceiling for seed-stage investments to $3 millionSo far, Surge had a maximum investment ceiling of $2 million to invest in seed deals across India and Southeast Asia (SEA) but the Menlo Pa...
- RBI pulls up Paytm Payments Bank; Amazon India to remove Cloudtail as sellerPaytm Payments Bank cannot accept new customers and must appoint a firm to audit its IT system, the central bank said on Friday.
- ETtech Deals Digest: Eruditus, Menlo Micro, CredAvenue raise fundsSoftBank-backed executive education-focussed startup Eruditus, technology company Menlo Micro and online debt marketplace CredAvenue were a...
- BigBasket valuation hits $2.7B; Zomato puts another $100M in BlinkitExisting investors – Tata Digital and others – internally value the firm at $4-5 billion on the basis of its gross sales and projected annu...
- Menlo Micro announces $150 million in Series C fundingThis brings Menlo Micro’s total cumulative funding to over $225 million.
- Uber signs strategic deal with Times Internet for India expansionIn response to questions from ET, TIL described the alliance as a "strategic investment and cooperation partnership to support Uber’s expan...
- Suicides reveal how men made a mess of MFIsMore than 70 people committed suicide in Andhra Pradesh from March 1 to November 19 to escape payments or end the agonies their debt had tr...
- PE firms locked in as MFIs pull IPOsPrivate equity firms that plowed an estimated $565 million into India’s microfinance industry since 2006 may struggle to recoup their inves...
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