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TECHNOLOGY STARTUPS
In 2011, Ashton Kutcher invested $500,000 in Uber; 5 years later, his stake was worth more than $60 million as the ride-hailing company expandedIn 2011, Ashton Kutcher invested $500,000 in Uber when the ride-hailing startup was still finding its footing. Five years later, his stake ...- In 2015, Beyonce accepted about $6 million in Uber stock instead of cash for a performance; 4 years later, the company went public at an $82 billion valuationBeyoncé and Uber story remains a striking example of how celebrity culture, technology startups and equity compensation converged during Si...
- In 2013, rapper Nas invested in Coinbase when the crypto exchange was valued at $150 million; 8 years later, his stake was worth at least $40 millionRapper Nas' venture firm, QueensBridge, invested in Coinbase in 2013. This early bet occurred when Coinbase was valued at approximately $15...
- ETtech Explainer: Google’s Mechanize deal and acqui-hiresGoogle’s deals with chatbot platform Character.AI and AI coding platform Windsurf, Microsoft’s deal with AI assistant company Inflection AI...
- As private wallets begin to open, India's big future bet takes offIndia’s Rs 1 lakh crore RDI programme is beginning to unlock venture capital flows into deeptech, marking a shift in the country’s attempt ...
- Mid-tier VCs scout deeptech deals; ETSA winner Varaha’s India playHappy Monday! Sector-agnostic mid-tier venture capital investors are recaliberating focus on India's deeptech startups. This and more in to...
- Japan emerges as a new market for Indian spacetech startupsStartups such as Digantara Industries, Bellatrix Aerospace, Xovian Aerospace, SatNxt, and Manastu Space are seeing growing interest from Ja...
- Beyond bloc politics: India’s BRICS bet on multipolarityUnder India's BRICS chairmanship, the importance of practical cooperation is underscored with an aim to launch impactful development initia...
- BRICS backs diversified energy mix, says fossil fuels remain important for EMDEsBRICS nations advocate for stronger energy security through diverse sources and stable markets. They acknowledge fossil fuels' continued im...
- Karnataka government to fund 100 startups with Rs 25 crore for pilot projects in government departmentsSelected startups can get work orders of up to Rs 25 lakh each for pilot projects under an initiative called Government First under goverme...
- Chip startup d-Matrix to use Nvidia chip-linking tech in AI serversArtificial intelligence workloads have been shifting from training AI models to running them for everyday use, a process known as inferen...
- Hylenr finds rare-earth signatures in reactor tests, eyes new critical materials routeHyderbad's Hylenr Technologies has unveiled groundbreaking insights from its hydrogen reactor studies. Their research unveiled traces of 32...
- India, Saudi Arabia deepen fintech ties with three-year pact for investment, startup expansionIn a strategic move, India and Saudi Arabia have agreed on a three-year deal aimed at invigorating their fintech sectors and startup ecosys...
- Carrum Mobility raises $10 million from Uber at Rs 1,505 crore valuationCarrum Mobility has raised $10 million (around Rs 96 crore) from Uber, taking its post-money valuation to Rs 1,600 crore. The B2B fleet tec...
- Karnataka identifies land for space manufacturing cluster near BengaluruThe proposed space park will support space technology manufacturing, assembly, integration, testing, research and innovation, and bring tog...
- India needs energy innovation to reduce 88% oil import dependence: ONGC chiefTo ensure energy self-sufficiency, India must boost its domestic oil and gas output. Arun Kumar Singh, Chairman of ONGC, highlighted the si...
- Indian space startup GalaxEye wins US patent for satellite imaging technologyIndian space startup GalaxEye secured a US patent for its satellite sensor synchronisation system. This technology allows for precise, simu...
- Karnataka, Italy explore startup, AI and deeptech partnershipsThe discussions were held between the state's IT/BT department and Italy’s Ambassador to India Antonio Bartoli on Monday, said the departme...
- Piper Serica eyes Rs 180-220 crore deployment across four-six deeptech startups this fiscalThe investment firm's new Bharat Tech Fund, a Category II AIF, targeting a corpus of Rs 600 crore, alongside a greenshoe option of Rs 200 c...
- Growing need to recognise innovation potential of Tier-2, Tier-3 cities: Union minister Jitendra SinghUnion minister Jitendra Singh highlighted the necessity to broaden India's startup ecosystem to include Tier-2 and Tier-3 cities, acknowled...
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