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Elevation Capital Launches Fund IX With $500 Mn Corpus To Back AI-Led Startups

India, July 14 -- VC firm Elevation Capital has launched Fund IX with a target corpus of $500 Mn to back Indian startups across consumer tech, consumer brands, fintech and financial services, enterpri... Read More


Early Backer Augusta TBO Sells 2.04% Stake In TBO Tek

India, July 14 -- Early backer Augusta TBO (Singapore) Pte Ltd. today offloaded 2.04% stake in listed B2B travel tech platform TBO Tek via open-market transactions. In a filing with the exchanges, TB... Read More


Social Media Wars, GoKwik Axes 120 Jobs & More

India, July 13 -- Uniform Norms For Social Media The IT ministry is crafting uniform standards for all messaging apps. But the timing is conspicuous. The move comes right as the username features of ... Read More


Inside The Numbers Lifting IPO-Bound Cult.fit

India, July 13 -- After years of prioritising expansion over profitability, Cult.fit's pre-IPO papers and draft red herring prospectus (DRHP) suggest that the fitness startup may finally be focusing o... Read More


Exclusive: BUILT Bags $2 Mn To Bring 'Natural Movement' Footwear To India

India, July 13 -- D2C footwear startup BUILT has raised $2 Mn (about Rs.17 Cr) in a pre-seed funding round from Singapore-based VC firm Tanglin Venture Partners to expand what it calls India's 'natura... Read More


Centre's Spacetech Fund Makes Maiden Investment, Backs Dhruva Space With Rs.60 Cr

India, July 13 -- Spacetech startup Dhruva Space has netted Rs.60 Cr ($6.3 Mn) in funding from IN-SPACe's recently commissioned VC fund Antariksh Venture Capital Fund (AVCF). The fresh investment in ... Read More


Delhi HC Orders Meta To Remove Zee's Pirated Content From Facebook

India, July 13 -- The Delhi High Court (HC) has reportedly passed a John Doe order directing Meta to take down multiple Facebook URLs allegedly hosting Zee Entertainment Enterprises Limited's (ZEEL) u... Read More


MeitY Asks Ministries To Hold Off On OpenAI, Anthropic Models For Cybersecurity: Report

India, July 13 -- A department under the IT ministry (MeitY) has reportedly asked central ministries to hold off on deploying AI models developed by OpenAI and Anthropic for cybersecurity and related ... Read More


Unicorn Founders Go AI Native

India, July 12 -- "Not using AI is like being left behind," Apple CEO Tim Cook's remark captures the urgency around artificial intelligence today - though the tinge of irony in these words coming from... Read More


WhatsApp's Username Feature: Govt Mulls Uniform Social Media Rules

India, July 11 -- Amid the ongoing row over WhatsApp's username feature, the IT ministry (MeitY) is reportedly formulating uniform standards for messaging platforms operating in the country. A govern... Read More