Purplle has secured a substantial funding boost of INR 1,000 crore from Abu Dhabi Investment Authority (ADIA) and other investors. This round of funding, which included both primary and secondary share sales, marks a significant milestone in Purplle’s growth journey. The company, however, has not disclosed the names of the other participating investors. Significant Funding […]

Recently Wify  has successfully secured INR 40 crore in its Pre-Series A funding round. This significant achievement  backed by notable investors, including Mount Judi Ventures. The fresh influx of funds will be pivotal in propelling Wify’s growth trajectory. Expanding Value-Added Services The primary focus of this funding round is to enhance Wify’s existing offerings. By […]

Recently UPI transactions in India decreased in June, 2024 and dropped to 13.89 billion. Despite this marginal dip, the overall growth trajectory of UPI transactions remains robust. This article delves into the recent data, provided by the National Payments Corporation of India (NPCI), and explores the trends and implications of these figures. Year-On-Year Growth in […]

The Ministry of Electronics and Information Technology (MeitY) is set to host the Global IndiaAI Summit 2024, aiming to foster ethical and inclusive AI growth. This significant event will bring together international AI experts from various sectors, including science, industry, civil society, governments, international organizations, and academia, to share insights on key AI issues and […]

Indian startups have shown remarkable resilience in 2024 and secured $5.3B Funding. It maintaining steady funding levels despite global economic challenges. In the first half (H1) of 2024, Indian startups raised $5.3 billion. It slightly decline of just 1.8% compared to the $5.4 billion raised in H1 2023. Indian startups funding stability underscores the nature […]

Recently IBM has taken a significant step to deploy an AI cluster at the Gujarat by partners with the Gujarat Govt. This partnership aims to deploy an AI cluster at the Gujarat International Finance Tec-City (GIFT City). The deployment of this AI cluster is expected to revolutionize the financial sector within GIFT City. This partnership […]