“In this cohort, we have companies from India, Southeast Asia, Australia, China, the UK, and the US. We also have our first company from the Middle East… In our last cohort, we had a lot of deeptech and semiconductor companies. When you combine that with the current cohort, it’s a representation of where the Indian startup ecosystem is today—broad-based innovation across sectors, which is unique to India,” said Anandan.
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Peak XV's Surge selects 14 startups for tenth cohort; focuses on AI, financial services
Microsoft introduces autonomous AI agents
The AI agent has become the newest buzzword for major software companies that are investing billions in powerful AI models, which they believe will shape the future of computing. Microsoft has moved fast in pushing generative AI technology to everyday users, largely using the models from its $13 billion partnership with OpenAI, the maker of ChatGPT.
Wall Street Journal sues Perplexity AI for copyright infringement
Perplexity is one of Silicon Valley’s hottest startups, whose AI powered search engine is often mentioned as a potential disruptor to Google.The lawsuit in a federal court in New York accuses Perplexity of illegally copying and reproducing copyrighted content from The Wall Street Journal and the New York Post to power its AI-driven “answer engine.”
India turning a C-suite magnet with quality talent: Snowflake CEO
Sridhar Ramaswamy, CEO of cloud data analytics company, Snowflake, says India is rapidly emerging as the hub of top business decision makers.
AI startup Neysa raises $30 million in funding round led by NTTVC, others
The company’s founder Sharad Sanghi, said the funds will be used for scaling up infrastructure and fuel research and development to democratise access to scalable AI solutions. The startup expects a growth of 200-300% next year, aiming to almost treble its revenue.
AI startup Neysa raises $30 million in funding round led by NTTVC, others
The company’s founder Sharad Sanghi, said the funds will be used for scaling up infrastructure and fuel research and development to democratise access to scalable AI solutions. The startup expects a growth of 200-300% next year, aiming to almost treble its revenue.
Ranjan Pai, Cipla family eye stake in Zepto; startup moves NCLT to shift domicile
Family offices of Manipal group chief Ranjan Pai, Mankind Pharma brothers Ramesh Juneja and Rajeev Juneja, and Cipla are likely to join quick commerce firm Zepto’s funding round, sources told us. With its latest fundraise from local family offices and high net worth individuals (HNIs) for up to $150 million, first reported by ET on October 17, Zepto is looking to shore up domestic shareholding with “well-known and credible” names.
Jingle AI the way: Advertising, marketing agencies tap AI opportunities
With the rapid rise of AI technology, advertising and marketing agencies as well as brands are at a new dawn of opportunities revolutionising content creation.
ETtech Exclusive | India most successful IPO market in the world for 2024: SoftBank’s Alex Clavel
Alex Clavel is marking a year as co-CEO of SoftBank Investment Advisers, wherein he navigated through not only the tech investing reset but also SoftBank’s shift towards greater financial prudence. Speaking to ET, Clavel termed India as one of SoftBank’s top-performing markets in 2024. He said that conversely, the US public markets have remained largely flat for the past three years.
PB Fintech secures account aggregator licence from RBI
The business, which will be operated by its subsidiary PB Financial Account Aggregator, will assist Paisabazaar access the financial data of customers to help it make informed decisions.