News
Funding is good start but more needs to be done for India to own its AI stack, says Sarvam Co-founder
2+ hour, 8+ min ago (527+ words) Sarvam Co-founder Vivek Raghavan As India's sovereign Artificial Intelligence (AI) model maker Sarvam turns unicorn with a funding round led by HCL Tech, the start-up believes that along with much-needed capital, the partnership will also help them hone their go-to-market…...
HCLTech invests "1, 427 crore as a lead strategic investor in Sarvam AI
4+ hour, 47+ min ago (308+ words) Noida-based HCLTech on Monday said that it will invest $150 million (around "1, 427 crore) as a lead strategic investor in Sarvam AI, with an aim to strengthen the artificial intelligence ecosystem in the country, and beyond. In total, the AI company has…...
Indian AI startups pitch for funds from venture capitalists in US: Anirudh Arun
14+ hour, 56+ min ago (395+ words) More Indian startups in the artificial intelligence sector are raising funds from the US where investors have taken note of a good rate of return on investments and the Government of India's drive to develop advanced technologies both for the…...
Equal AI raises $30 million in Series B funding
3+ day, 10+ hour ago (124+ words) Equal AI, an AI Call Assistant solution provider, has raised $30 million in its Series B round in tranches co-led by Prosus Ventures and Tomales Bay Capital. Both investors participated in the Series A round that raised $10 million in 2024. Think Investments,…...
IN-SPACe selects 3 start-ups for funding under its Technology Adoption Fund scheme
4+ day, 7+ hour ago (211+ words) The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected three of the country's space start-ups as the first set of non-governmental entities (NGEs) for funding under its Technology Adoption Fund scheme. While funding has been provided to Astrobase…...
Take Me2 Space to build star tracker
4+ day, 10+ hour ago (282+ words) Take Me2 Space (TM2 Space), a deeptech start-up building an orbital data centre infrastructure, has announced it is developing Star Sense, the country's first star tracker. It has received approval and backing from the Technology Adoption Fund (TAF) of the Indian National…...
Rivvun AI raises $7. 55 m Seed Round to recover enterprise spend, revenue leakage
5+ day, 3+ hour ago (513+ words) The newly acquired capital will be used to deploy and scale Rivvun's autonomous AI execution layer, which integrates into existing enterprise stacks without replacing existing ERP, CRM, or procurement systems...
Hoola health raises $5 million in new funding round
5+ day, 3+ hour ago (399+ words) Hoola Health plans to utilise the capital to expand its physical footprint from 5 to 35 neighbourhood clinics over the next two years, targeting deeper penetration in Bengaluru before entering Hyderabad and Delhi NCR Hoola health raises $5 million in new funding round…...
Venture Catalysts earns 3. 4x return from partial exit in Rentomojo
6+ day, 4+ hour ago (116+ words) Apoorva Ranjan Sharma, Founder of Venture Catalysts Venture Catalysts++, India's first multi-stage venture capital firm, today announced a partial exit from furniture and appliance rental platform Rentomojo, delivering an approximate 3. 4x return on its invested capital. Venture Catalysts first invested in…...
L&T bets on automation and robotics to overcome construction labour challenges
6+ day, 8+ hour ago (727+ words) Larsen & Toubro is betting big on automation, robotics and technology-led solutions to scale up construction activities as increasing manpower alone may not be a viable option for growth, a top official of the company said. "What we have been doing…...