BookMyShow invests in TribeVibe 🎪, GupShup acquires AskSid 🗯️, MSFT's startup initiative 💡
BookMyShow invests in TribeVibe 🎪, GupShup acquires AskSid 🗯️, MSFT's startup initiative 💡
BookMyShow makes strategic investment, Gupshup acquires conversational AI provider AskSid, Microsoft announces two startup initiatives, Funding Deals & more.
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BookMyShow makes strategic investment in TribeVibe for majority stake🎞️
BookMyShow, an online ticketing and entertainment platform, has made a strategic investment for a majority stake in TribeVibe, a one-stop solution for college festival entertainment. The size of the deal or other financial details were not disclosed.
Through this strategic investment, BookMyShow brings the unaddressed and unorganised market of college entertainment into its fold, targeting students and potential first jobbers at scale, the firm added.
"Through this partnership, we will look to scale TribeVibe using our data analytics and in-depth consumer data as also expand the reach for brand partnerships that will be apt for this young audience cohort,” said Ashish Hemrajani, Founder and CEO, BookMyShow.
Gupshup acquires conversational AI provider AskSid🗯️
Conversational messaging platform Gupshup has acquired conversational AI provider AskSid to strengthen its AI-powered conversational solutions for e-commerce, retail and consumer goods industries.
Bengaluru-based AskSid's full-stack AI solution including the Retail AI brain, strengthens Gupshup's customer experience (CX) offerings and will help make the entire shopping journey — across pre-purchase, purchase and post-purchase phases — fully conversational.
AskSid is helping many global brands like AkzoNobel, Danone, Wolford, Akris, and Himalaya Wellness deliver impactful shopping experiences to customers.The tech startup has operations in over 25 countries and supports over 100 languages.
Hot Shorts⚡
Video editing software startup VideoVerse, formerly known as Toch AI, has raised $46.8 million in a funding round led by A91 Partners and Alpha Wave Global.
Financepeer, an education focussed fintech startup, has raised $31 million in a funding round led by QED Investors and Aavishkaar Capital.
Chennai and Delaware-based software-as-a-service (SaaS) startup Everstage has raised $13 million in a funding round led by Elevation Capital.
Rigi, a platform for creators and influencers, has raised $10 million in a funding round co-led by Accel India, Sequoia Capital India, and Stellaris Venture Partners.
Direct-to-consumer personal care brand Nat Habit has raised $4 million in series A funding led by Fireside Ventures.
Microsoft announces two startup initiatives in India💡
Microsoft India has announced two new initiatives to help startup entrepreneurs innovate and grow in the country. Under the Microsoft AI Innovate initiative, the company will introduce its second cohort of startups, as well as a new hackathon for startups to provide resources and support to developers for creating digital solutions.
Supported by SaaS Insider, the initiative is designed to help startups scale their operations, drive greater innovation, and build industry expertise.
Across the 10 weeks of the programme, startups get to partner closely with Microsoft's engineering and product teams to build their core AI models.
The first cohorts of 16 startups from fintech, manufacturing and logistics sectors graduated last month.
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