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As tech companies race to secure the computing power needed to train and deploy AI systems, Meta is making its first AI infrastructure bet in India, striking a data center partnership with conglomerate Reliance Industries in a market that is rapidly emerging as a hub for AI infrastructure. The partnership, announced on Wednesday, will see…
Indian quick-commerce startup Zepto has unveiled plans for an initial public offering that could be valued at about $1 billion, putting one of Y Combinator’s biggest bets outside the U.S. on the path to public markets. The filing, released Monday, offers a rare look at how one of India’s most closely watched startups plans to…
Blackstone-backed data center operator AirTrunk said on Friday it would invest $30 billion in India by 2030, adding to a wave of commitments from technology and infrastructure groups seeking to expand computing capacity in the country. The Australian company said it would develop 5 gigawatts of new data center capacity in India, one of the…
In a quick-commerce market obsessed with speed, Indian startup FirstClub has convinced investors that quality may be a fresh opportunity, helping to double its valuation just nine months after its last funding round. The Bengaluru-based startup has raised $55 million in a Series B round co-led by Peak XV Partners and Sofina, valuing the company…
Wearable health-tech startup Ultrahuman said hackers gained unauthorized access to customers’ wellness data after stealing an employee’s credentials through malware. On Wednesday, the India-based startup informed affected customers of the incident via email, stating that the breach occurred on March 27 and involved a system used for internal analytics. The company said it detected the…
A recent Indian court ruling against Google’s keyword advertising practices has gained fresh attention after founders said competitors have long used the system to siphon off customers and force companies to pay to protect their own brands. The ruling, delivered by the Delhi High Court on May 22 in a trademark dispute involving bathroom fittings…
SolarSquare, an Indian rooftop solar startup that helps households and housing societies adopt solar power, is in advanced talks to raise fresh capital after securing India’s largest solar venture investment in December 2024, TechCrunch has learned. B Capital and Lightspeed Venture Partners are set to co-lead the Series C round, which could value SolarSquare at…
Finnish phone maker HMD today launched its first smartphone, called the Vibe 2 5G, which comes preloaded with Indian AI company Sarvam’s chatbot Indus. Both companies had first announced the partnership during the India AI summit held in New Delhi in February. The Indus app is powered by Sarvam’s locally trained 105-billion-parameter model — a…
Scapia, an Indian startup that combines travel booking with co-branded credit cards and mobile payments, has raised $63 million in a funding round led by General Catalyst, with existing investors Peak XV Partners and Z47 also participating. The deal comes despite a broader slowdown in fintech dealmaking. The all-equity round values assigns the startup a…
Indian ride-hailing company Rapido said on Friday it had raised $240 million in fresh funding at a $3 billion valuation to compete better in the country’s growing but challenging mobility market. Led by Prosus, the equity round saw participation from existing investors, including WestBridge Capital and Accel. The round was part of a larger $730…