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STARTUPS FUNDING OCTOBER 2023
ETtech Deals Digest: Even Healthcare, Different lead October funding to $694 million, down 51% on-yearEven Healthcare led deal activity during the month with $50 million, followed by Different at $48 million, Boldfit at $41.5 million, Baba C...- Gurgaon power supply disrupted: Uprooted tree damages 3 electricity poles, leaves residents without power overnightContinuous rainfall in Gurugram resulted in a tree uprooting that damaged electricity poles. The power supply in Sector 46 remained disrupt...
- Is EPFO set to invest in startups, AIFs? Report says provident fund body is working on guidelinesEmployees' Provident Fund Organisation plans to establish rules for investments in alternative investment funds. The organization is consid...
- EPFO plans to invest in startups, AIFs five years after govt approvalThe Employees Provident Fund Organisation is working on guidelines for investing in alternative investment funds for better portfolio diver...
- Indian corporates become the second-largest occupiers for flex spaceThe demand for flexible workspaces in India is witnessing a remarkable transformation, as corporates are expected to represent 23.4% of thi...
- Best gilt mutual funds to invest in October 2026Mutual fund experts posit that aggressive debt investors might want to consider gilt funds as a way to obtain superior returns. As interest...
- Exclusive | Cognizant in talks to invest in Indian AI startup Sarvam valuing it at $3.5-4 billion: sourcesCognizant’s potential investment in Sarvam comes as advances in agentic AI raise questions about the future of the IT services industry. AI...
- India aims to expand space economy from USD 8.4 billion to USD 44 billion amid rising private participation: IN-SPACe officialRising demand for low Earth orbit satellites is expected to enhance India's space industry growth. A new Small Satellite Launch Vehicle lau...
- Who are the biggest investors backing Anthropic? A look at key stakeholdersAnthropic’s planned IPO is set to test public-market appetite for artificial intelligence companies. Backed by Amazon, Google, leading vent...
- Anthropic's top investors include Amazon, Google, Fidelity ManagementAnthropic is preparing for its initial public offering, supported by significant investments from Amazon and Google. The company's valuatio...
- Timeline: Anthropic's path from AI startup to industry-defining IPOAnthropic's IPO filing marks a significant step toward becoming the first public listing for a frontier AI lab. The company has raised a to...
- Tech reporter’s remarks on Indian VCs set off debate on India’s deeptech startup sceneThe discourse surrounding Ashlee Vance's comments on Indian VC risk aversion has generated a flurry of insights online. Vance suggested tha...
- Unacademy founders plan AI fund; Flipkart’s premium pushHappy Monday! Unacademy’s founders are raising a fund focused on AI and deeptech. This and more in today’s ETtech Morning Dispatch.
- Unacademy cofounder Gaurav Munjal pushes back against criticism of Indian VCsMunjal cited companies such as Astrotalk, Airbound and Sarvam AI as examples of startups that have been able to raise capital and grow quic...
- Europe unrest: Protests over living costs, education & political failures rock France, Italy, Albania & BelgiumProtests over rising living costs, education funding, public services and political accountability swept France, Italy, Belgium and Albania...
- ETtech Deals Digest: Even, Different lead as weekly funding hits $246 million, down 27% on-yearEven Healthcare led deal activity with $50 million, followed by Different at $48 million, Baba Care at $40 million, and AuxoAI at $20.7 mil...
- Afore Capital began backing pre-seed startups in 2017; 8 years later, its portfolio was valued at $13.5 billion and it had returned $47 million to investorsAfore Capital is changing how it backs new businesses. Its new $185 million fund will support both startups with clear business plans and f...
- Algebra Ventures closed a $54 million fund; 4 years later, six portfolio companies were valued at over $350 millionIts first fund invested in reportedly 21 startups across Egypt and the wider Middle East and North Africa region. The portfolio included bu...
- Legal AI startup Legora raises $550 million at $8.8 billion valuation in Atreides-led roundThe round was led by Atreides Management. New investors, including Baron Capital, Capital Group, Fidelity Management & Research Company, Gl...
- Dan Ni started TLDR as a side project with a reported $500. How his newsletter business reached 8 million subscribers and eight-figure revenueDan Ni started TLDR as a side project with a reported $500 in starting costs. By 2024, his newsletter business had crossed eight figures in...
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