Startups: News
Start-up CEO says AI will replace human translators by 2027
Unbabel has launched an AI-driven translation service called Widn.AI. The new product is based on the company's proprietary large language model (LLM), dubbed Tower.
Mistral unveils AI-powered tool to tackle online toxicity
Mistral, an artificial intelligence (AI) start-up, has launched a new application programming interface (API) for content moderation.
Elon Musk's xAI wants to raise funds at $40B valuation
Elon Musk's artificial intelligence (AI) start-up, xAI, is looking for new funding at a valuation of around $40 billion.
Sierra, AI start-up by OpenAI chair, now valued at $4.5B
Sierra, the AI software start-up, has raised $175 million in its latest round of funding.
'Sugar daddy effect': Why some venture funds succeed, others fail
Aswath Damodaran, a well-known Professor of Finance at New York University's Stern School of Business, has brought the term 'sugar daddy effect' to the financial industry.
AI start-up Perplexity refutes copyright infringement allegations by News Corp
AI start-up Perplexity, famous for its innovative search engine, has responded to a lawsuit filed by News Corp.
This AI-powered messaging app has a 1.5L+ waitlist
Daze, an AI-backed messaging app built exclusively for Generation Z, is taking social media by storm.
Meet 'Continue': A health and wellness venture by Deepinder Goyal
Deepinder Goyal, the co-founder and CEO of Zomato, has announced a new health and wellness venture called "Continue."
Generative AI start-ups attracted $3.9B investments in Q3 2024
Generative artificial intelligence (AI) start-ups have witnessed a massive rise in venture capital (VC) funding.
Perplexity AI seeks $500 million funding at $8B valuation
Perplexity AI, an artificial intelligence (AI) firm backed by Jeff Bezos and NVIDIA, is reportedly in talks to raise around $500 million in a new funding round.
Ex-OpenAI CTO Mira Murati seeks $100M for new AI venture
Mira Murati, the former Chief Technology Officer (CTO) at OpenAI, is looking for over $100 million in funding for her new artificial intelligence (AI) start-up.
Ed-tech unicorn Eruditus secures $150M from SoftBank, Chan Zuckerberg Initiative
Mumbai-based edtech unicorn Eruditus, which offers online courses from international universities, has raised another $150 million.
'Came for father's treatment': Byju Raveendran dismisses Dubai relocation rumors
Byju Raveendran, the founder of ed-tech start-up BYJU'S, has denied rumors of his move to Dubai.
Zerodha announces $1M fund to back open-source projects globally
Zerodha's Chief Technology Officer, Kailash Nadh, has announced the establishment of a $1 million annual fund.
Stop using our content: NYT to Bezos-backed AI start-up Perplexity
The New York Times (NYT) has sent a "cease and desist" notice to Jeff Bezos-backed generative AI start-up Perplexity, the Wall Street Journal reported.
Licious acquires My Chicken and More to boost offline presence
Temasek-backed meat and seafood start-up, Licious, is all set to acquire Bengaluru-based company My Chicken and More for ₹150-200 crore, as per Moneycontrol.
Good Glamm Group puts companies on sale to stay afloat
Backed by Warburg Pincus, beauty and personal care brand conglomerate The Good Glamm Group (GGG) is reportedly looking to sell three of its companies.
Ratan Tata's impact on India's start-up ecosystem: Founders share experiences
Ratan Tata, former chairman of Tata Sons and a stalwart of India's business landscape, passed away at 86.
Indian start-ups raise $10 billion in Q3, down 15% QoQ
Start-ups in India have raised a whopping $10 billion in the third quarter (July-September) of 2024, a report by market intelligence firm 1Lattice has revealed.
No work-life balance: Techie works on laptop during own wedding
Casey Mackrell, the co-founder of an artificial intelligence (AI) start-up called Thoughtly, has sparked a fiery online debate about work-life balance.
BluSmart in talks to raise $100M for EV ride-hailing expansion
BluSmart Mobility, a leading name in the electric vehicle (EV) ride-hailing space, is in talks to raise between $80 million and $100 million, according to Moneycontrol.
Tech firms, start-ups resume hiring after months of mass layoffs
After a hiring freeze of 12-18 months, Indian technology companies and start-ups are back on the lookout for talent.
Ratan Tata sells 5% stake in start-up, makes 23,000% profit
Ratan Tata, the renowned Indian industrialist, has sold a 5% stake in Mumbai-based stock broking start-up Upstox.
IIT Madras-backed start-up to develop flying taxi by April 2025
The ePlane Company, a start-up backed by IIT Madras, is all set to roll out its first manned prototype of an electric vertical take-off and landing (e-VTOL) vehicle by April 2025.
Curefoods seeks $40 million in Series D funding, eyes IPO
Curefoods, a prominent cloud kitchen start-up, is negotiating to secure $40 million in its Series D funding round, as per Moneycontrol.
Edtech giant PhysicsWallah raises $210 million at $2.8 billion valuation
PhysicsWallah, a leading edtech company, has successfully secured $210 million in its Series B funding round.
Rishabh Pant invests ₹7.4 crore in SaaS start-up TechJockey
Indian cricketer Rishabh Pant has invested ₹7.40 crore in TechJockey.com, an online software marketplace.
India's start-up ecosystem projected to triple by 2030
India is on the cusp of a significant start-up boom, with projections indicating a 2.6x increase in the number of start-ups by 2030.
Modi government launches BHASKAR, a centralized digital start-up registry
Union Minister Piyush Goyal has launched the Bharat Startup Knowledge Access Registry (BHASKAR).
Nazara Tech buys 47.7% stake in PokerBaazi parent for ₹982cr
Nazara Technologies has made a significant investment of ₹982 crore in Moonshine Technology, the parent company of online poker platform PokerBaazi.
This is the first Indian start-up to secure NASA contract
Pixxel, a Bengaluru-based space data start-up, has made history by becoming the first Indian company to secure a contract with NASA.
Google to pay $100/ton for capturing its CO2 emissions
Google has entered into a $10 million agreement with Holocene, a rising star in the CO2 removal industry.
InMobi secures $100M to fuel AI growth ahead of IPO
InMobi, a leading Indian adtech startup, has successfully secured $100 million in debt financing. The funding was provided by Mars Growth Capital, a collaboration between MUFG and Liquidity Group.
Home decor brand Nestasia secures $8.35 million in funding
Nestasia, a leading home decor and lifestyle brand, has successfully raised $8.35 million in a recent funding round.
UK start-up develops heat-resistant solid-state EV battery: Know its significance
Ilika, a UK-based start-up, has developed a prototype solid-state battery called the Goliath P1, which has successfully passed a critical safety test known as the nail penetration test.
US company revives finger-prick blood testing years after Theranos scandal
Babson Diagnostics, an Austin-based company, has introduced a new type of "finger-prick" blood test to several pharmacies across the city.
Meet Reflection 70B, AI model that can fix its mistakes
HyperWrite, an AI writing start-up led by Matt Shumer, has introduced a groundbreaking large language model (LLM) named Reflection 70B.
India's fintech sector to mint 150 unicorns by 2030: Report
India's financial technology (fintech) sector is set to witness a significant surge, with an estimated 150 unicorns emerging by 2030.
25-year-old start-up founder ends up in hospital, blames 'hustle culture'
Kritarth Mittal, the 25-year-old founder of the popular app Soshals, has experienced a health crisis due to his unhealthy lifestyle choices.
Reliance, Google-backed Dunzo lays off 75% of its workforce
Dunzo, the Bengaluru-based online delivery start-up backed by Reliance and Google, has reportedly laid off 75% of its workforce.