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Leading AI sales company 11x has secured approximately $50 million in a Series B funding round led by venture capital firm Andreessen Horowitz. Sources familiar with the deal say the new investment values 11x at around $350 million. This…
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A startup recently launched through Y Combinator's accelerator program has found itself at the center of controversy. The company, called PearAI, unveiled an AI-powered coding editor last week. However, it was quickly discovered and…
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PB Fintech, the parent company of insurance aggregation platforms PolicyBazaar and Paisabazaar, saw its share price jump over 4% after the company's CEO confirmed plans to enter the healthcare sector. As per reports, PB Fintech is…
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Union commerce minister Piyush Goyal said that actual investments under production linked incentive (PLI) schemes stood at INR 1.46 lakh crore till August 2022. He expects investments to breach INR 2 lakh crore soon as more companies…
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As the funding winter continued to impact the Indian startup ecosystem in the financial year 2023-24, many established companies worked towards achieving profitability by cutting costs and improving operational efficiencies. According to an…
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Major Indian food delivery platform Swiggy is facing a potential goods and services tax (GST) demand of INR 327 crore from tax authorities regarding delivery fee collection. The company is also facing legal notices over allegations of…
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Y Combinator's fall cohort startups took to the virtual stage recently to pitch investors at their Demo Day event. Out of the hundreds of startups in attendance, a select few really stood out from the crowd with their innovative…
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Info Edge, a leading Indian classified company known for platforms like Naukri.com and 99acres.com, has completed the sale of its 34.93% stake in B2B startup Wishbook Infoservices. The divestment was carried out through Info Edge's…
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French insurance provider Alan has solidified its place as an industry leader after securing nearly $200 million in funding at a stunning $4.5 billion valuation. This Series F round was led by prominent Belgian bank Belfius and included…
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IBM expanded its cloud cost optimization solutions this week through the acquisition of Kubecost, a leading FinOps startup. Kubecost helps companies like Allianz, Audi and Rakuten monitor costs associated with Kubernetes clusters to boost…
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