Browsing: Venture Capital

The inside story of how India’s VCs left SaaS behind to bet on AI, only at India’s biggest soonicorns summit. The fourth edition of the Summit on August 22 had AI as the focal theme.

Internet of Things (IoT) communications startup Comminent currently focuses on the smart metering segment, and plans to expand into large-scale deployments such as smart street lighting and water metering, founder Amarjeet Kumar told ET. It is targeting revenue of around Rs 300 crore over the next three years.

The fund intends to invest in pre-seed and seed rounds of 18 to 20 startups that are developing critical technologies locally, a strategy it refers to as creating a sovereign edge. The investments are planned to be deployed over four years, with individual amounts ranging from Rs 7 crore to Rs 10 crore, while reserving 50% of the total capital for follow-on funding.

Existing investor Xponentia Capital also participated in the funding round. The new round of fundraise should be enough for the company to grow for the next 12-18 months without the need for a fresh equity round, said Yogi Sadana, founder of Zype.

The IIT Bombay-incubated and Palo Alto-headquartered startup claims to be building an autonomous AI layer for cyber-risk management and to be the first to offer fully autonomous CTEM and TPRM solutions

The Reserve Bank of India will conduct a bond switch auction. It aims to manage government debt. Bonds worth ₹32,000 crore will be switched. This move reduces redemption pressure in the coming years. It also helps in lowering the fiscal deficit. This follows other buyback actions by the RBI. These actions are part of a larger strategy.

The Bengaluru-based company, which provides standardised athletic assessments for children, will use the funds to develop its proprietary AI models, expand in domestic markets, and enhance support systems for athletes.

360 ONE Asset’s Rs 500 crore VC fund will invest in seed and Series A startups across sectors including AI, fintech, spacetech, defence, and precision manufacturing

The world of artificial intelligence (AI) is experiencing an unprecedented surge in investment, with 2024’s…

Did you hear about that Indian edtech firm getting snapped up for half a billion?No?…