Private Equity
Unlike previous funds, IBEF V has seen strong participation from global investors.
1
Indian fund manager Motilal Oswal Alternates closes fifth fund at $938m
2
Anthropic opens India office as revenue run-rate doubles in 4 months
3
FountainVest, EMS call off deal for EuroGroup Laminations stake due to India compliance issue
4
Reliance Retail to pilot search and discovery platform in multi-channel push
5
Pravega Ventures leads funding in Otto Money and other India deals
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INA CEO Ridha Wirakusumah steps down
Analysis
India is the largest market for the company’s Claude AI model after the US.
The firms said the compliance discussions with Indian authorities had been unsuccessful.
The company is piloting the platform at its apparel stores such as Trends and Yousta.
Deals
A significant portion of the funding will go towards hiring across engineering, data science.
Greater China
The Series D++ round comes as iSpace is moving towards an IPO on the STAR Market.
India
The round also saw participation from Yali Deeptech & TDK Ventures.
The company said the model beat major US rivals on several benchmarks.
Software, data analytics firms have been under pressure amid fears that AI tools might disrupt existing business models.
Disney said ByteDance had pre-packaged Seedance with a pirated library of copyrighted characters.