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Peak XV announced on Friday that it has raised $1.3 billion across new India and Asia-focused funds. The firm, which now manages more than $10 billion in assets, is sharpening its focus on artificial intelligence and cross-border bets amid intensifying competition for deals in the region. The capital will be deployed across its India seed…
General Catalyst, a Silicon Valley-based venture firm with more than $43 billion in assets under management, has announced it plans to invest $5 billion in India over the next five years, sharply expanding its push into the country’s startup ecosystem less than two years after merging with local venture firm Venture Highway. The commitment, unveiled…
Nvidia is stepping up efforts to court India’s artificial intelligence startups earlier in their lifecycle, unveiling a string of partnerships this week aimed at reaching founders even before their companies are formally established. The push is intended to help the AI chipmaker cultivate relationships with future customers in one of the world’s fastest-growing developer markets….
OpenAI has partnered with India’s Tata Group to secure 100 megawatts of AI-ready data center capacity in the country, with plans to scale to 1 gigawatt. The move is part of a broader push to deepen the company’s enterprise and infrastructure footprint in one of its fastest-growing markets. OpenAI announced on Thursday that the partnership…
As India pitches itself as a global hub for applied artificial intelligence, OpenAI has partnered with Pine Labs to integrate AI-driven reasoning into the fintech firm’s payments stack, automating settlement and invoicing workflows in a move the companies say could help accelerate AI-led commerce in India. The partnership will see Pine Labs embed OpenAI’s application…
Indian AI company Sarvam plans to bring its newly released AI models to users by deploying them on Nokia feature phones, cars and its own smart glasses. The company, backed by the likes of Lightspeed, PeakXV, and Khosla Ventures, said at the ongoing India AI Impact Summit in New Delhi that it is using edge…
Power, rather than compute, is fast becoming the limiting factor in scaling AI data centers. That shift has prompted Peak XV Partners to back C2i Semiconductors, an Indian startup building plug-and-play, system-level power solutions designed to cut energy losses and improve the economics of large-scale AI infrastructure. C2i (which stands for control conversion and intelligence)…
A security lapse by one of India’s largest pharmacy chains allowed outsiders to gain full administrative control of its platform, exposing customer order data and sensitive drug-control functions, TechCrunch has exclusively learned. The issue affected DavaIndia Pharmacy, the pharmacy arm of Zota Healthcare, which operates a large network of retail outlets across India. Security researcher…
Nothing, the hardware company backed by Tiger Global, is opening its first retail store in India, its biggest market. The store is located in Bengaluru, where a large chunk of Nothing’s userbase in India is concentrated, the company said. The new, two-storied location will show off Nothing’s products and other projects. Customers will also be…
India is pushing Aadhaar, the world’s largest digital identity system, deeper into everyday private life through a new app and offline verification support, a move that raises new questions about security, consent, and the broader use of the massive database. Announced in late January by the Indian government-backed Unique Identification Authority of India (UIDAI), the…