InMobi, the SoftBank-backed consumer technology firm, has announced it has raised $100 million in debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. This funding will be allocated to advance InMobi’s artificial intelligence (AI) technology and to explore potential AI-focused acquisitions.
The company, which is preparing for a potential listing in India…
Commerce Minister Piyush Goyal has launched the Trade Connect ePlatform, a new digital tool aimed at assisting Indian exporters with essential information and resolving payment issues. This comprehensive portal serves as a single point of access for both existing and aspiring exporters, providing resources to enhance export activities.
The Trade Connect platform is designed to streamline trade…
In 2010, Alli Webb transformed a humble side hustle into a booming $255 million business, revolutionizing the beauty industry with her concept of a dedicated blowout salon. Webb’s journey from a mobile blow-drying service to founding Drybar, a salon empire with over 150 locations, is a testament to entrepreneurial vision and market demand.
Webb’s story began in Los Angeles, where she, as a…
Overview of Crypto Adoption Trends
India has once again emerged as a global leader in cryptocurrency adoption, according to a recent report by blockchain analytics firm Chainalysis. For the second consecutive year, India has topped the charts in the usage of both centralized exchanges and decentralized finance (DeFi) assets. This achievement is particularly noteworthy given the country’s…
In the realms of coaching, therapy, consulting, and similar services, providing exceptional care is crucial—but it’s only part of the equation. The way you deliver that care—encompassing the entire client experience—plays a critical role in how clients perceive the value of your services. Addressing the concerns your clients may not voice can be the key to transforming your practice from…
Overview of the Funding Round
FlexiLoans, a prominent digital non-banking financial company (NBFC) specializing in loans for micro, small, and medium enterprises (MSMEs), has successfully raised Rs 290 crore in its Series C funding round. This significant capital infusion was led by a consortium of global investors, including Accion, Nuveen, and Fundamentum, backed by Nandan Nilekani. Existing…
Introduction
In a groundbreaking move for the semiconductor industry, India’s Larsen & Toubro (L&T) Semiconductor Technologies has entered a research and development partnership with IBM. This collaboration aims to design advanced processors that could reshape various technology sectors, including edge devices, hybrid cloud systems, and more.
Strategic Partnership Overview
L&T Semiconductor…
Sergey Brin, co-founder of Google, has returned to the tech giant and is heavily involved in its artificial intelligence (AI) initiatives. Brin confirmed his return during a fireside chat at the All-In Summit, where he discussed his role in advancing Google’s AI efforts and the company’s approach to building a more unified AI model.
Brin, who stepped down as president of Google’s parent…
In a dramatic turn of events on September 10, 2024, a 26-year-old man named Mohammad Nadeem set fire to an Ola Electric showroom in Kalaburagi, North Karnataka, after encountering persistent issues with his newly purchased electric scooter.
Incident Details
According to reports, Mohammad Nadeem, who is a mechanic by trade, had purchased the scooter just two weeks prior. Despite multiple visits to…
Property listing platform Rightmove has turned down a £5.6 billion acquisition offer from Australian rival REA Group, which is majority-owned by Rupert Murdoch’s News Corporation. Rightmove’s board dismissed the bid as “wholly opportunistic,” stating that REA Group had “fundamentally undervalued Rightmove and its future prospects.”
In a statement issued on Wednesday, Rightmove’s…
