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Robotic Revolution: Jeff Bezos and Nvidia Invest Big in Human-Like Robot Startup

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

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Economic & Finance Funding India's Richest

Meet the India’s Youngest Billionaire at 37: Nikhil Kamath

In his 37th year, Nithin Kamath, co-founder of Zerodha, is officially the India’s youngest billionaire. The combined net worth of Nithin and Nikhil Kamath, ranked 40 among India’s 100 richest people, is $5.5 billion, according to Forbes’ latest list. A startup Zerodha was founded in 2010 which had revolutionized the equity investing at zero-cost. We’re

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Funding Investing Retail

ADIA will Invest ₹4.966.80 crores in Reliance Retail Ventures

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, announced on Friday that a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) will invest Rs ₹4,966.80 crore into Reliance Retail. RRVL’s pre-money equity value is Rs 8.381 lakh crore, placing it among India’s top four companies. On a fully-diluted basis, ADIA’s investment will

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Business Funding

Boosting Innovation in India’s Supply Chain: P&G Sets Aside Rs 300 Crore Fund for Startups

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

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Cloud Computing Funding Investing Technology

Amazon To Invest $4 Billion In AI Startup Anthropic

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

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Economic & Finance Funding New startups Press Releases

Fueling Startup Growth in India: Incubate Fund Asia Announces First Close of Third Fund, Aiming for $50 Million

India, 21 September 2023 – Incubate Fund Asia, a sector-agnostic Japanese venture capital fund specialising in seed-stage investment today announced the first close of their third fund which has a target corpus of $50 Million (around INR 416 crores). This accomplishment underscores their steadfast commitment to fostering the growth of startups and propelling them towards remarkable success. Incubate Fund’s

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Economic & Finance Funding Investing New startups

Saudi Arabia’s Bold Move: Investing in Indian Start-ups and Establishing Sovereign Wealth Fund Office

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

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Best Industries Ecommerce Funding New startups

Zepto raises $200 million to become the first unicorn of 2023

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

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Banking & Insurance Economic & Finance Funding Press Releases Stocks & Funds

IDFC FIRST Bank raises Rs. 1,500 crore of Tier-2 bonds in domestic Indian Bond markets

June 27, 2023:  IDFC FIRST Bank, today announced raising Rs. 1,500 crore of Tier-2 bonds in domestic Indian Bond markets.  These privately placed Bond are issued as unsecured, subordinated, rated, listed, non-convertible, fully paid-up, taxable, redeemable Basel III compliant tier-2 Bonds (in nature of debentures) at a face value of Rs 1 crore each and were raised

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Fintech Funding Startups Technology

Cloudbankin’s $400K Funding Marks a Turning Point in the Fintech SaaS Industry

An end-to-end digital lending software company headquartered in Chennai, Tamil Nadu, announced today that it has successfully raised USD 400K from Angel investors, Upekkha, a fintech SaaS accelerator and fund, and Kube VC. One of the leading Global Technology companies extended their support and participated in the funding round with prominent Fintech angel investors such

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