The Indian government has initiated the second round of bids for the India AI Mission, an ambitious program aimed at fostering an artificial intelligence (AI) ecosystem in the country. This mission focuses on critical areas such as watermarking and labeling, ethical AI practices, and risk assessment. Mission Primary Objective The primary objective of the mission […]
Between December 17 and 20, Indian startups collectively raised $171.2 million across 20 deals. While this marks a significant achievement, it reflects a 73% drop compared to the previous week’s $635.8 million raised through 25 deals. Unlike the previous week, this period saw no mega funding rounds, signaling a cautious approach from investors as the […]
Earlier this month, the court issued an order restricting the Serious Fraud Investigation Office (SFIO) from taking any action against Hero Electric. Additionally, the court put a halt to ongoing investigations. Some weeks ago, the court allowed the company to send a settlement proposal to the ministry. Hero Electric Big News The investigation began in […]
Info Edge’s subsidiary, Redstart Labs, is set to acquire an additional stake in the Bengaluru-based healthcare startup, Brainsight Technology, for a cash payment of ₹3 crore. Following this acquisition, Redstart Labs’ shareholding in Brainsight Technology will increase from 4.68% to 5.27%. Brainsight Technology Founded in 2019, Brainsight Technology specializes in healthcare solutions using AI-based functional […]
D2D startup company Arata has achieved great success by raising $4 million in Series A funding round. The funding round also saw participation from L’Oréal’s BOLD (Business Opportunities for L’Oréal Development) and Skywalker Family Office. Arata Growth Arata, known for its clean and sustainable personal care products, has grown rapidly to serve over 1.5 million […]
WazirX, founded in 2018, has quickly risen to become India’s number one cryptocurrency platform. Known for its user-friendly interface and a wide range of services, WazirX has played a significant role in popularizing cryptocurrency trading in India. However, the company recently faced a major challenge that put its resilience to the test. WazirX Cyber Attack […]