Exclusive

Publication

Byline

Location

Jio BlackRock JV Gets SEBI Nod To Operate As Investment Adviser

India, June 11 -- Jio BlackRock Investment Advisers Pvt Ltd (JBIAPL), the joint venture between Jio Financial Services and BlackRock, has received approval from the Securities and Exchange Board of In... Read More


Govt Plans Levying MDR On UPI Transactions Over INR 3,000: Report

India, June 11 -- In an effort to boost operations of banks and payment service providers across India,the government is reportedly considering levying a merchant discount rate (MDR) on unified paymen... Read More


Leumas Nets $2.2 Mn To Build Robot Factories For Pharma & Wellness Sectors

India, June 11 -- Deeptech manufacturing startup Leumas has raised $2.2 Mn (around INR 19 Cr) in a seed funding round led by Capital 2B, with participation from Capital-A and Anicut Capital. The Beng... Read More


[Update] ChatGPT Restored After 16-Hour Outage

India, June 11 -- Update | June 11, 1:05 PM After being non-functional for more than 16 hours, OpenAI's ChatGPT is now up and running. In a status report, OpenAI said around 4:00 AM today nearly all ... Read More


Wealthtech Startup PowerUp Money Bags $7.1 Mn From Accel, Blume, Others

India, June 11 -- Wealthtech startup PowerUp Money has secured $7.1 Mn (INR 60.7 Cr) in a seed funding round co-led by Accel, Blume Ventures and Kae Capital. The round also saw participation from 8i ... Read More


Can Soket AI Power India's Foundational LLM Dream?

India, June 11 -- The month was June. The year: 2023. It had already been a little over six months since the world had woken up to the new normal in the realm of AI and ChatGPT. However, June 7 was di... Read More


NBFC FlexiLoans Bags INR 375 Cr To Boost Its Product Offerings

India, June 10 -- Non-banking financial company (NBFC) FlexiLoans has secured INR 375 Cr (around $43.8 Mn) as a part of its ongoing Series C funding round. The round, which was a mix of primary and s... Read More


Infibeam To Use Proceeds Of INR 700 Cr Rights Issue To Bolster AI Play

India, June 10 -- Fintech company Infibeam Avenues has filed a draft letter of offer to raise INR 700 Cr via a rights issue to invest in its subsidiaries Infibeam Projects, AI arm Nueromind Technologi... Read More


Exclusive: WLDD Acquires Creative Studio Imagined

India, June 10 -- Digital marketing startup Wubba Lubba Dub Dub (WLDD) has acquired Bengaluru-based creative marketing startup Imagined Studio in an all-cash deal, sources told Inc42. Following the a... Read More


Rapido Enters Swiggy-Zomato Lane, Ola Electric's Missing Pieces & More

India, June 10 -- Rapido Enters Swiggy-Zomato Lane Taking on the Goliaths Zomato and Swiggy, ride-hailing unicorn Rapido is all set to introduce its food delivery platform, Ownly, in partnership with... Read More