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Mamaearth's ₹1700 Cr IPO📊, Paytm CEO's Innovation Fund💡
Flipkart's Festive Sales Surge, Virat & Anushka's 'Nisarga' Launch, Microsoft's Australian Investment, Funding Deals and more.
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Honasa Consumer Set to Launch ₹1,700 Crore IPO📊
Honasa Consumer, the parent company behind well-known brands like Mamaearth, The Derma Co, and BBlunt, is gearing up for its highly anticipated initial public offering (IPO). The IPO, expected to be launched by the end of October or early November, aims to raise approximately ₹1,700 crore. The company is eyeing a valuation in the range of ₹11,000-11,500 crore through this public offering. 📈💼
Paytm CEO Vijay Shekhar Sharma Launches ₹30 Crore Fund for AI, EV Startups💡
Vijay Shekhar Sharma, the founder and chief executive of Paytm, has announced the establishment of the ₹30-crore ‘VSS Investments Fund’. This fund is dedicated to investing in Indian startups focused on artificial intelligence (AI) and electric vehicles (EV). 🚀🔌
Festive Sales Projected to Bring Flipkart Up to Rs 36,000 Crore in Gross Sales🎉
Flipkart, one of India's leading e-commerce giants, is set to achieve a significant milestone during the ongoing festive season sale. The company is on track to reach a substantial gross merchandise value (GMV) between Rs 33,000 and Rs 36,000 crore. These figures reflect the immense popularity and success of Flipkart's offerings during this festive shopping period, which is expected to extend until Diwali in November, covering a span of 40-45 days. 🛍️💻
Anushka Sharma and Virat Kohli Launch New Venture 'Nisarga' in the Events Industry🏞️
Celebrity power couple Anushka Sharma and Virat Kohli have taken a step into the events and experiences industry with the launch of their new venture, 'Nisarga.' This initiative signifies their entry into promoting high-impact events and intellectual properties (IPs). The focus of 'Nisarga' will be on curating special segments within existing IPs, as well as developing and creating entirely new platforms.🌟🎉
Microsoft Invests $3.2 Billion in Australia's AI and Cloud Computing🤖
Microsoft has announced plans to invest A$5 billion ($3.2 billion) to enhance its artificial intelligence (AI) and cloud computing capabilities in Australia over the next two years. The move highlights Microsoft's commitment to strengthening its presence in the Australian tech landscape and advancing AI technologies amid growing regulatory considerations. 💻🚀
Large language models (LLMs) provider GigaML has raised $3.6 million in seed round led by Nexus Venture Partners, with participation from Y Combinator and Liquid 2 Venture, 8vdx, and angels such as Garry Tan.
Tap Invest, a fixed-income investment platform has successfully raised $2 million in a seed funding round, with Turbostart leading the investment. It also saw participation from Snow Leopard Ventures, angel investors Kunal Shah and Kashyap Shah, as well as continued support from existing backers Upsparks and Superb Capital.
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