The Telecom Regulatory Authority of India (TRAI) has unveiled new recommendations aimed at simplifying the licensing process under the Telecom Act. Notably, the regulatory body has chosen to exclude popular Over-The-Top (OTT) communication services such as WhatsApp, Telegram, and Google’s RCS from this licensing regime. This decision comes despite significant lobbying from major telecom…
Stockal, a prominent global investing platform, has announced its strategic acquisition of Acru, a company specializing in investment infrastructure tailored for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). This acquisition strengthens Stockal’s mission to create a seamless cross-border investment ecosystem, allowing Indian investors to access over 6,000 global securities…
Schmooze, an AI-driven meme-based dating app, has successfully raised $4 million in a Series A funding round led by Elevation Capital. The funding also attracted participation from notable angel investors, including founders from UltraHuman, The Souled Store, Mosaic Wellness, and Paytm.
Founded in 2021 by Vidya Madhavan and Abhinav Anurag, Schmooze initially targeted US users but expanded to the…
Analog Devices (ADI) has entered into a partnership with India’s Tata Group to explore semiconductor manufacturing in the country, signaling a significant step towards bolstering India’s position in the global chip market. The announcement was made on Wednesday, highlighting the collaboration between the U.S. chipmaker and Tata Electronics, the manufacturing arm of the Tata conglomerate.
Tata…
India has officially eclipsed China in crucial global stock gauges, signaling a significant shift in investment dynamics and the potential for a substantial influx of foreign capital into Indian equities. According to a report by Morgan Stanley dated September 17, India now holds a 2.35% weighting in the MSCI AC World IMI Index, compared to China’s 2.24%. This positions India as the…
YouTube is taking its Shorts platform to the next level with the integration of Veo, an AI model developed by Google DeepMind. This innovative enhancement allows content creators to produce high-quality backgrounds and six-second video clips, marking a significant upgrade from the previous AI tool, Dream Screen. The latest features aim to streamline content creation and boost viewer engagement…
M2P Fintech, a leading B2B fintech startup, is currently in discussions with Helios Investment Partners to secure approximately $80 million in a new funding round. This significant investment is expected to consist of around $50 million in primary funding and $30 million in secondary infusions. If successful, this funding will elevate M2P’s valuation to approximately $800 million, bringing the…
Techjockey, a software aggregator founded in 2017, has recently secured funding at a post-money valuation of INR 370 crore, with backing from notable figures including former Zomato executive Akash Nangia. The company connects software vendors with small businesses across India, aiming to streamline software procurement for entrepreneurs.
Funding and Future Plans
The capital raised will be…
The lab-grown diamond industry is rapidly evolving, with a significant indicator of this shift appearing on Alibaba: a diamond-making machine priced at $200,000. This device highlights the democratization of diamond production as lab-grown gems become increasingly popular, offering consumers an affordable alternative to traditional mined diamonds.
According to reports from Ars Technica, the…
Micromax, a prominent player in India’s consumer electronics market, is making significant strides into the burgeoning AI hardware sector. Co-founder Rahul Sharma is reportedly in discussions with a Taiwanese memory chip manufacturer to establish a joint venture (JV) focused on developing custom memory and storage solutions tailored for AI data centers.
Strategic Joint Venture for Custom…
