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Airbound, an Indian drone startup, has raised $8.65 million in seed funding led by Physical Intelligence co-founder Lachy Groom, as it begins a drone-delivery pilot with a private hospital and works toward one-cent delivery using its ultra-light, blended-wing-body aircraft. The seed round includes participation from Humba Ventures and Airbound’s existing investor Lightspeed Venture Partners, as…
Prezent, a startup that offers an AI-powered presentation builder to enterprises, said today that it has raised $30 million in funding led by Multiplier Capital, Greycroft, and Nomura Strategic Ventures, with participation from existing investors like Emergent Ventures, WestWave Capital, and Alumni Ventures. The Los Altos, California, startup, which is now valued at $400 million,…
Venture capital firm Andreessen Horowitz (a16z) has pushed back on local media reports suggesting it plans to open an office in India, with a general partner calling the coverage “entirely fake news.” Earlier on Thursday, Indian media outlets reported that a16z was preparing to establish a physical presence in the country by setting up an…
Super.money, a financial service platform spun off last year by Walmart-owned Flipkart, has quietly partnered with payments infrastructure firm Juspay as it expands into direct-to-consumer (D2C) checkout and targets $100 million in annual revenue by 2026. The partnership comes as Juspay works to rebuild momentum after facing pushback from major payment companies earlier this year…
Qapita, a Singapore-based equity management platform, has raised $26.5 million in a Series B round led by Charles Schwab. As part of the deal, Charles Schwab has introduced a new platform called Schwab Private Issuer Equity Services — powered by Qapita — which let’s U.S. startups manage their cap tables, administer stock plans, and prepare…
British fintech Revolut — now launching in India — says cross-border payments remain one of India’s most underserved financial services. By its estimate, Indians spend about $30 billion overseas every year and lose around $600 million in bank charges — fees its India head calls “criminal.” “It has been the preserve of banks,” Paroma Chatterjee,…
As visa crackdowns and diplomatic tensions block traditional study-abroad routes, India’s Leverage Edu is helping students reroute their dreams — from Canada to Germany, and from India to Nigeria and Saudi Arabia. That agility is paying off: The startup has doubled its revenue, turned profitable, and is now expanding its global footprint. Over the past…
A data spill from an unsecured cloud server has exposed hundreds of thousands of sensitive bank transfer documents in India, revealing account numbers, transaction figures, and individuals’ contact details. Researchers at cybersecurity firm UpGuard discovered in late August a publicly accessible Amazon-hosted storage server containing 273,000 PDF documents relating to bank transfers of Indian customers. …
A data spill from an unsecured cloud server has exposed hundreds of thousands of sensitive bank transfer documents in India, revealing account numbers, transaction figures, and individuals’ contact details. Researchers at cybersecurity firm UpGuard discovered in late August a publicly accessible Amazon-hosted storage server containing 273,000 PDF documents relating to bank transfers of Indian customers. …
An Indian court has dismissed an attempt by Elon Musk’s X to challenge the Indian government’s content takedown orders, ruling that the social media platform, as a foreign company, does not have a constitutional right to free speech under Indian law. The Karnataka High Court ruled Wednesday in favor of the Indian government’s use of…