Saudi Arabia Invests $1 Billion in AI Accelerator GAIA at LEAP24
Saudi Arabia pledges $1 billion for its new accelerator for artificial intelligence startups, GAIA, at the LEAP24 tech exhibition in Riyadh
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Saudi Arabia pledges $1 billion for its new accelerator for artificial intelligence startups, GAIA, at the LEAP24 tech exhibition in Riyadh
MiyaHealth, a Singapore-based health technology startup, secures $10.4 million in pre-Series A funding to expand its digital health platform across Europe and Southeast Asia.
Ending India's 11-month unicorn drought, Zepto, which is a quick-commerce startup has raised $200 million at a valuation of $1.4 billion.
Bengaluru-based laundry services startup LaundryMate, co-founded by Bigbasket's Abhinay Choudhary, secures $6.25 million in pre-Series A funding from Blume Founders Fund and prominent angel investors, with plans for national expansion.
Bengaluru-based fintech startup Niro raises $11 million in a Series A funding round to expand its consumer lending platform and partner network.
Investors are cutting back on investments in Indian startups, with funds flow dropping over 80 percent quarter on quarter in Q1CY23. However, amidst this challenging scenario, a startup has managed to raise a significant amount of funds. The fund infusion comes at a crucial time when investors are tightening their purse strings.
For the first time, three independent directors are appointed to the board.
According to an official release, the bank and the BSE would review SMEs and startups that are in the process of becoming listed.
Amitabh Kant announced that Indian startups are affecting the world in many means, particularly in the modern developing sectors of health and agriculture.
Hardeep Singh Puri, who spoke at the event, emphasized the importance of entrepreneurs and promised them the government's full and active support.
This is a first-of-its-kind convergence, especially in light of the incentives outlined in the budget by Finance Minister Nirmala Sitharaman.
On Friday, the company announced that the first round of its Series E fundraising had generated $165 million, valuing the company at $1.65 billion.
Earlier this month, Mensa acquired Mumbai-based home décor and kitchenware brand Folkulture.
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