Page 12 - Startup

Apple quietly acquires AI-driven video compression startup WaveOne

Apple has quietly acquired WaveOne, a California-based startup that develops AI algorithms for video compression

SoftBank-backed Oyo Hotels to reduce planned IPO amid tech headwinds

It's the second attempt at an IPO by the SoftBank Group Corp.-backed startup, after India's stock market regulator raised multiple red flags on its earlier try in late 2021

Reveal HealthTech raises $4 mn in seed funding from W Health Ventures

Reveal HealthTech provides technology services to healthcare companies through engineering, clinical, and strategic support

No thaw seen in start-up funding winter despite 231 deals this year

India-focused VCs sitting on dry powder worth $12.88 bn, highest in 7 yrs

Intel GPU chief Raja Koduri quits to form own generative AI startup

Indian-American Raja Koduri, head of Intel's Accelerated Computing Systems and Graphics Group, has quit the chip-making major to form his own generative artificial intelligence (AI) startup.

SVB crisis: $200 mn worth start-up deposits moved to GIFT City, says MoS IT

Says Indian financial sector should be preferred banking partner for start-ups

ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer

The fundraise was done at a $4.2 billion valuation, according to the sources. It will result in ADIA becoming one of the largest shareholders in Lenskart with a 10 per cent stake, say sources

MoS IT Chandrasekhar to take up SVB-liked startups' woes with FinMin

The IT ministry will take up woes of Indian startups impacted by the Silicon Valley Bank collapse with the finance ministry to help them navigate through the crisis and address the immediate liquidity crunch they are facing, Union Minister Rajeev Chandrasekhar said on Tuesday. The Minister of State for Electronics and IT during interactions with startups asked them to engage with the Indian banking system, which has been very robust and assured them of resolving teething issues they may face. Though startups and venture capitalists said that the US government authorities have assured of returning full money to the depositors, there is no clarity on the timelines, which will lead to a liquidity crunch in the firms that have been impacted by the SVB collapse, according to the minister. "I am going to put together a suggestion list and give it to the honourable finance minister on your behalf, and work closely with the government of India as a whole," Chandrasekhar said. Most of the .

SaaS firm Freshworks says exposure to Silicon Valley Bank minimal

Chennai-based company says 'vast majority' of its finances not held at failed US lender

Telehealth startup Cerebral shares data of 3.1 mn patients with advertisers

US-based telehealth startup Cerebral has disclosed that it shared the private health information, including mental health assessments, of more than 3.1 mn patients in country

Asia witnesses limited contagion risk from Silicon Valley Bank's woes

While bank shares in Asia and the US are trading at almost similar accounting book value-based valuations, the former is expected to boost earnings by 29% over the next 12 months

ADIA close to buying a $500 million stake in eyewear startup, Lenskart

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said

Creating infra to win back startups & businesses to Maharashtra: Deputy CM

Devendra Fadnavis also reiterated that the state is aiming to stay number one in the space of fintech startups

Fashion startup STUMBL onboards Masoom Minawala as strategic advisor

Launched in December 2022, the company claims to have served more than 10,000 young women to date, with 20% becoming repeat customers

Chennai's startup Atsuya Technologies named 'Great Place to Work'

Great Place to Work surveys companies globally and conducts research on the characteristics of great workplaces

Zomato approaches restaurants to hike commission charges by 2-6%: Report

For the past two years, Zomato has been charging 18-25 per cent commission per order for deliveries

Punjab has best ecosystem for IT and startup sector: Minister Meet Hayer

Punjab has the best ecosystem for IT and startup sector and offers immense opportunities, according to state minister Gurmeet Singh Meet Hayer. The State Governance Reforms Minister also said the Punjab government has taken special care to ensure that the industry is an equal partner in policy decisions. "Punjab is now land of immense opportunities. Chief Minister Bhagwant Mann has given hope to people that Punjab can be put on orbit of high growth trajectory of economic growth by transforming it into an industrial hub," the minister said on the second and concluding two-day Progressive Punjab Investors Summit here. He also said Punjab is the home of leading entrepreneurs of the nation and now Ajay Banga, a Punjabi would lead the World Bank. At a session, Meet Hayer said that the state currently has more than 150 registered IT units operating with approximately 35,000 IT professionals. Mohali, the city which is hosting the event, is rapidly developing as IT Hub. It has a strategic

E-commerce firm FreshToHome bags $104 mn amid long funding dry spell

Launched in 2015, FreshToHome operates in over 160 cities in India and the UAE. It offers more than 2,000 certified fresh and chemical-free products

Blinkit starts new feature allowing brands to have customised stores on app

Sellers on instant-delivery platform can track performance of products, highlight them

Startup launches drone-delivery of medicines in Kolkata to beat traffic

Eight more places in West Bengal have been earmarked for the launch of drone delivery of medicines in the coming days