Bloomberg News reported on Friday that Amazon (AMZN.O), Nvidia (NVDA.O), opens new tab and other big technology companies are investing in startup Figure AI that develops human-like robot. Investors are betting on these startups that they might outpace bigger rivals after the launch of OpenAI’s viral chatbot ChatGPT in November 2022. There are more and
P&G Rs 300 crore fund for Indian startups is a game changer in the country’s supply chain industry. Learn more about how innovation is being fueled by this exciting new investment opportunity. Introducing a Rs 300 crore fund for startups by P&G co-creating solutions for a modern supply chain ecosystem, FMCG maker Procter & Gamble
Amazon.com Inc. will invest as much as $4 billion in Anthropic, giving the startup a boost in its quest to become a major player in generative artificial intelligence. Anthropic will use Amazon Web Services’ homegrown chips to train the models it uses to power chatbots and other applications under the deal, which involves moving most
To facilitate investments in India, Saudi Arabia is considering setting up an office of its sovereign wealth fund (SWF) in the country, as well as investing in Indian startups through venture capital. Khalid A. Al Falih, the country’s Investment Minister, announced on Monday that a delegation will travel to India in the next few weeks
Unicorns are incredibly rare animals, even in the fiction world, and funding winters make them even harder to come by. Despite the fact that startups find themselves feeling the chill of a lack of venture capital, Zepto has managed to become India’s 84th unicorn with its latest fundraise. The beginning of the year saw 83
It announced on Friday that it raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. Bira 91 plans to use the funds to ramp up production, enhance supply chain, and enhance innovation, raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. “MUFG Bank has consistently invested in the Indian economy. Due
A company that specializes in brain health software successfully raised $2.13 million for their latest project which detects early-stage dementia. A California-based health tech company called In-Med Prognostics has raised $2.13 million led by Exxora and with participation from prominent angels. In-Med Prognostics is a leading provider of deep learning algorithms and machine learning, which
The new and latest edtech company to enter the Indian unicorn club is PhysicsWallah, who raised $100 million in Series A funding from Westbridge and GSV Ventures. Their startup has a valuation of 1.1 billion dollars. PhysicsWallah is the first ed tech company to reach a valuation of over $1 billion. Overall, 101 companies in
The San Francisco, California-based ecommerce success story Deliverr has announced its acquisition by Shopify for $2.1B, a sum that includes both money and inventory. This is the biggest acquisition in Shopify’s history, and it will help it create a complete logistics platform that allows companies to quickly ship products to consumers. Shopify The recent news
Tech giant Meta is making its first investment in Asia in a startup called Ami. Using WhatsApp as its platform, Ami is using the power of mental health to help people across Asia. Meta owns WhatsApp and has invested in several startups with similar philosophies. The three investment companies include Ami, thoughtful, Intellect, and Wysa.
