Business

Cohere Rockets to $6.8 Billion Valuation — AMD, Nvidia, and Salesforce Bet Big on This AI Dark Horse

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Move over, OpenAI — there’s a new giant quietly reshaping the AI game! Toronto-based Cohere just stunned the tech world, raking in a massive $500 million funding round that catapults its valuation to a whopping $6.8 billion. That’s a sharp jump from just $5.5 billion a year ago. Founded by one of the AI masterminds behind the revolutionary “Attention Is All You Need” paper, Cohere has…
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Inside Sam Altman’s Secret Dinner: What OpenAI’s CEO Really Thinks About Life After GPT-5

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At a posh San Francisco Mediterranean spot, with views of Alcatraz and $100 fish on the menu, OpenAI CEO Sam Altman drops some jaw-dropping hints about the future — and it’s not just about AI. Picture this: Altman strolls in, bare iPhone in hand, no case — a move he jokingly defends like it’s a matter of principle. But then the real reveal comes: a sleek, stunning AI device, designed with…
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Aditya Birla’s TMRW Bags $50 Million from US Tech Giant — AI-Powered Fashion Takeover Incoming

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From streetwear to smartwear — one of India’s hottest fashion tech companies just scored big, and AI is now front and center. TMRW, the digital-first fashion venture from Aditya Birla Group, is reportedly raising a massive ₹437 crore (approx. $50 million) from ServiceNow Ventures, the investment arm of the US-based enterprise software giant. And this isn’t just about money — it’s about…
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Shivalik Small Finance Bank Bags ₹100 Crore in Funding — Japan’s SMBC Leads the Charge

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India’s first co-operative bank-turned-small finance bank just scored big — and its digital banking game is about to level up. Shivalik Small Finance Bank has raised a whopping ₹100 crore in fresh equity funding, with the round led by Japan’s SMBC Asia Rising Fund, the venture arm of global giant Sumitomo Mitsui Banking Corporation. That’s not all — Accel, Quona Capital, Lightspeed…
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From ₹342 Cr Loss to Profit in a Year? BharatPe Just Pulled Off a Stunning Comeback

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BharatPe is no longer burning cash — it’s banking profit. And it did it faster than anyone expected. In a dramatic turnaround, Gurugram-based fintech giant BharatPe has reported its first-ever adjusted profit before tax (PBT) in FY25 — clocking in at ₹6 crore, compared to a massive ₹342 crore loss in FY24. And that’s not the only number making waves. From Red to Black: The Numbers…
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Unicommerce Revenue Surges 64% to ₹45 Crore in Q1 FY26; Net Profit at ₹3.9 Crore

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Gurugram-based e-commerce software provider Unicommerce eSolutions Limited reported a strong 64% year-on-year increase in operating revenue for the first quarter of FY26, reaching ₹44.9 crore, up from ₹27.4 crore in the same quarter last year. The company’s adjusted EBITDA more than doubled to ₹9.4 crore, with margins expanding to 21.1%, compared to 16.3% in Q1 FY25. However, the net…
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Motilal Oswal Asset Management Joins ONDC to Expand Mutual Fund Access

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MUMBAI, August 14, 2025 — Motilal Oswal Asset Management Company (MOAMC), backed by Raamdeo Agrawal’s leadership, has joined the government-supported Open Network for Digital Commerce (ONDC) to amplify mutual fund distribution across India. To enable this digital setup, MOAMC has selected fintech firm Cybrilla to power its backend platform for the integration. ONDC, an initiative of the…
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Niyo’s Game-Changer Move: Acquires Forex Giant Kanji, Names Banking Veteran Amit Talwar as CEO — Here’s Why This Matters for Indian Travelers

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Travel Fintech Shakeup! Niyo Snaps Up Kanji Forex and Taps Banking Legend Amit Talwar to Supercharge Cross-Border Payments In a bold move set to disrupt India’s forex and travel fintech space, Niyo has just acquired the iconic Kanji Forex—a company with almost 90 years of legacy in foreign currency services. But that’s not all. Niyo has also brought onboard banking heavyweight Amit Talwar as…
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She Took on India’s EdTech Giants — Now She’s Out: Why Allen Digital CEO Abha Maheshwari Just Stepped Down

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From Meta to Mission-Driven EdTech — Why Abha Maheshwari’s Surprise Exit Has Everyone Talking In a move that’s sending ripples through India’s booming edtech sector, Abha Maheshwari, CEO of Allen Digital and former Meta executive, has officially stepped down from her role — just two years after leading the startup’s ambitious digital transformation. Her departure comes at a pivotal…
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IndiQube Reports 303% Surge in Q1 FY26 Net Profit, Driven by Strong Recurring Revenue and Scalable Model

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IndiQube Delivers Record-Breaking Quarter with 303% Profit Growth Workspace solutions provider IndiQube has reported a standout performance in the first quarter of FY26, with net profit soaring 303% year-on-year to ₹18.5 crore. The sharp jump in profitability is supported by robust recurring revenue, operational efficiency, and strategic use of technology across its operations. The…
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