Monday, March 27, 2023

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MoS IT estimates over $1B exposure of Indian startups to SVB

MoS IT estimates over $1B exposure of Indian startups to SVB

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During a Twitter live session, Chandrasekhar said he heard that over $200 million of startups' deposits have been transferred to GIFT City bank Union Minister Rajeev Chandrasekhar has said deposits close to $1 billion attributable...
AI startup Adept raises $350M in fresh funding

AI startup Adept raises $350M in fresh funding

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The company plans to use the new funds to launch its initial products, train models, and recruit more AI talent Artificial intelligence (AI) startup Adept raised $350 million in a Series B funding round led...
TSAW Drones aims to hire 350+ new employees by 2023-end

TSAW Drones aims to hire 350+ new employees by 2023-end

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In the previous quarter, TSAW Drones claims to have roped in about 30 employees. The new hiring announcement comes in the wake of the company’s growth plans to advance its product portfolio and mark...
Fintech unicorn Slice picks up 5% stake in North East Small Finance Bank

Fintech unicorn Slice picks up 5% stake in North East Small Finance Bank

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The startup may explore some synergies given that it runs a non-banking finance company Quadrillion Finance, which was set up in 2018 to provide credit to the Indian youth Payment app Slice has invested $3.42...
CynLr launches Cybernetics HIVE, a research hub for vision, intelligence, and robotics

CynLr launches Cybernetics HIVE, a research hub for vision, intelligence, and robotics

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The startup firm CynLr has raised pre-Series A funding of about $4.5 million in 2022, led by Speciale Invest and growX Ventures, with a total funding of $5.25 million to date CynLr, a robotics deep-tech...