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CloudSEK Raises $19 Million in Latest Funding Round, Plans to Scale AI Models and Platform Integration
CloudSEK announced the completion of its Series A2 and B1 funding rounds on Tuesday. The cybersecurity platform said that it has raised $19 million (roughly Rs. 162.3 crore) in the combined funding round. The round witnessed participation from both Indian and US-based investors, the company stated. While new investors have been onboarded, the exist...
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FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.Â
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COP29 Leaders Announce New Climate Funding And Energy Storage Goals
Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its plans on Tuesday for what it hoped to achieve, as countries continue to wrestle with how to raise ambitions for a new financing target.
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OpenAI Co-Founder Raises $1 Billion for Safety-Focussed AI Startup SSI
The SSI, which currently has 10 employees, plans to use the funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israel.
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OpenAI Co-Founder Sutskever's New Safety-Focused AI Startup SSI Raises $1 billion
The Company currently has 10 employees and plans to use funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israe
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SpiceJet Plans To Raise $250 Million In Next Couple Of Months: Airline Chief Ajay Singh
SpiceJet Chief Ajay Singh today said the airline will be raising around USD 250 million in the next couple of months as the budget carrier works on boosting its operations.
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Vi 5G Services to Reportedly Rollout in India in 6-7 Months
Vi (Vodafone Idea) CEO Akshaya Moondra has reportedly revealed that the company will be rolling out 5G services in India within a 6-7 month period. He also highlighted that the plans are contingent on monetisation clarity and finalising its external funding. Vi has also failed to meet the minimum rollout obligations placed by the DoT after the 5G s...
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Zepto Becomes First Indian Unicorn in Nearly a Year, Raises $200 Million in Funding
Indian grocery startup Zepto said on Friday it has raised $200 million (nearly Rs. 1,650 crore) in fresh funding at a valuation of $1.4 billion (nearly Rs. 11,560 crore), making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year.
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Russia To Sell Ukraine President's Holiday House To Fund Further Invasion: Report
The home of Ukrainian President Volodymyr Zelensky has been seized by Russian authorities in annexation-affected Crimea, and they plan to auction it off to raise money for their conflict with Ukraine.
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Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
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Govt Plans To Borrow Rs 8.88 Lakh Crore Between April-September
The government is looking to raise Rs 8.88 lakh crore through borrowing in the first half of 2023-24 to fund the revenue gap for pushing economic growth, the Finance Ministry said on Wednesday.
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Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
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Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025
Zypp Electric said on Wednesday it has raised $25 million (nearly 206 crore)Â in a series B funding round led by Taiwanese battery-swapping service provider Gogoro, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size. The startup, which provides EVs for last-mile delivery for online stores, plans on using t...
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Walmart to Raise Up to $3 Billion for Flipkart at $40 Billion Valuation to Challenge Rivals: Report
Walmart is reportedly considering raising up to $3 billion (roughly Rs. 25,000 crore) in funding for Flipkart, as the firm looks to expand its product range in the country and challenge rivals. The company is yet to yet to formally mandate investment bankers to look for strategic partners and large global investors for the latest fundraising plan, ...
-
Byju's Raises $250 Million From Existing Investors in Fresh Funding Round: All Details
Byju's on Monday announced that it had raised $250 million (roughly Rs 2,100 crore) from its existing investors in a fresh round of funding. The edtech firm's investors include the Qatar Investment Authority and the latest funding comes after it announced plans to become profitable by March 2023.
-
CloudSEK Raises $19 Million in Latest Funding Round, Plans to Scale AI Models and Platform Integration
CloudSEK announced the completion of its Series A2 and B1 funding rounds on Tuesday. The cybersecurity platform said that it has raised $19 million (roughly Rs. 162.3 crore) in the combined funding round. The round witnessed participation from both Indian and US-based investors, the company stated. While new investors have been onboarded, the exist...
-
FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.Â
-
COP29 Leaders Announce New Climate Funding And Energy Storage Goals
Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its plans on Tuesday for what it hoped to achieve, as countries continue to wrestle with how to raise ambitions for a new financing target.
-
OpenAI Co-Founder Raises $1 Billion for Safety-Focussed AI Startup SSI
The SSI, which currently has 10 employees, plans to use the funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israel.
-
OpenAI Co-Founder Sutskever's New Safety-Focused AI Startup SSI Raises $1 billion
The Company currently has 10 employees and plans to use funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israe
-
SpiceJet Plans To Raise $250 Million In Next Couple Of Months: Airline Chief Ajay Singh
SpiceJet Chief Ajay Singh today said the airline will be raising around USD 250 million in the next couple of months as the budget carrier works on boosting its operations.
-
Vi 5G Services to Reportedly Rollout in India in 6-7 Months
Vi (Vodafone Idea) CEO Akshaya Moondra has reportedly revealed that the company will be rolling out 5G services in India within a 6-7 month period. He also highlighted that the plans are contingent on monetisation clarity and finalising its external funding. Vi has also failed to meet the minimum rollout obligations placed by the DoT after the 5G s...
-
Zepto Becomes First Indian Unicorn in Nearly a Year, Raises $200 Million in Funding
Indian grocery startup Zepto said on Friday it has raised $200 million (nearly Rs. 1,650 crore) in fresh funding at a valuation of $1.4 billion (nearly Rs. 11,560 crore), making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year.
-
Russia To Sell Ukraine President's Holiday House To Fund Further Invasion: Report
The home of Ukrainian President Volodymyr Zelensky has been seized by Russian authorities in annexation-affected Crimea, and they plan to auction it off to raise money for their conflict with Ukraine.
-
Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
-
Govt Plans To Borrow Rs 8.88 Lakh Crore Between April-September
The government is looking to raise Rs 8.88 lakh crore through borrowing in the first half of 2023-24 to fund the revenue gap for pushing economic growth, the Finance Ministry said on Wednesday.
-
Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
-
Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025
Zypp Electric said on Wednesday it has raised $25 million (nearly 206 crore)Â in a series B funding round led by Taiwanese battery-swapping service provider Gogoro, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size. The startup, which provides EVs for last-mile delivery for online stores, plans on using t...
-
Walmart to Raise Up to $3 Billion for Flipkart at $40 Billion Valuation to Challenge Rivals: Report
Walmart is reportedly considering raising up to $3 billion (roughly Rs. 25,000 crore) in funding for Flipkart, as the firm looks to expand its product range in the country and challenge rivals. The company is yet to yet to formally mandate investment bankers to look for strategic partners and large global investors for the latest fundraising plan, ...
-
Byju's Raises $250 Million From Existing Investors in Fresh Funding Round: All Details
Byju's on Monday announced that it had raised $250 million (roughly Rs 2,100 crore) from its existing investors in a fresh round of funding. The edtech firm's investors include the Qatar Investment Authority and the latest funding comes after it announced plans to become profitable by March 2023.
