Musk meets Modi🤝🏻, Nilekani donates Rs 315 Cr to IIT-B💰
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Tech Updates
Elon Musk meets Modi, says Tesla is looking to invest in India
Musk says, “I am a fan of Modi”. Kaam aisa karo ki jiske sab fan hai, wo tumhara fan ho!🤩
Startup audits in focus amid financial irregularities at new-age ventures
Will this bring an end to inflated startup revenues and valuation?
60,000 IT employees may be 'impacted' by generative AI
60,000 is nearly 1% of Indian IT workforce. But surely there will be a way working collaboratively to attain maximum efficiency!
Nandan Nilekani donates Rs 315 crore to IIT Bombay
He also donated Rs 85 Cr earlier. This makes overall donation of Rs 400 Cr. Largest individual donation received by college. This grant came in as 50-year bond with his college (1973-2023).
Govt weighs measures to penalise erring two-wheeler EV companies
Indians keep finding loopholes. Apparently some EV companies have been found guilty of wrongfully claiming subsidies.
Google eyes Indian suppliers for Pixel in shift away from China
After Apple, Google comes to India. Everyone needs India in some or the other way!
Eddie Wu is new Alibaba CEO as Daniel Zhang steps aside
India Inc ties up with EV cab companies to offer green rides to staffers
Joe Biden says risks posed by AI to security, economy need addressing
Funding Deals
Pet food brand Drools has raised $60 million in funding from private equity firm L Catterton at a valuation of $600 million. This is one of the largest investments to date in the pet care industry in India.
Spacetech startup Digantara has raised $10 million in Series A1 funding led by Peak XV Partners (formerly Sequoia Capital India) and Kalaari Capital.
Volt Money, a platform for instant secured loans against mutual funds, has raised $1.5 million in a pre-seed round led by Titan Capital and All In Capital.
Mumbai-based fintech startup TransBnk has raised $1 million in a seed funding led by 8i Ventures. The round also saw participation of Growthcap Ventures, Leadway Ventures LLP and Growth sense.
Tweet of the day🐥
“ Somewhere in the world someone is training when you are not. When you race him, he will win.”
Thank you!!
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