Europe’s tech landscape is buzzing with excitement over a new initiative that could change the game for startups across the continent. A grassroots movement called “EU Inc” is pushing for the establishment of a new corporate status for innovative companies, similar to the widely recognized Delaware C-Corp in the U.S. But will this ambitious plan overcome the hurdles ahead?
What is EU…
U.S. venture capital powerhouse General Catalyst has announced a substantial $8 billion fund aimed at fueling investments in early-stage startups across multiple sectors globally. This bold initiative highlights the firm’s commitment to supporting innovation in the U.S., Europe, and India.
Breakdown of the New Funding
The $8 billion capital is structured into several key components:
Core VC…
European Cyber Insurance Startup Stoïk Secures $27M to Safeguard Small Businesses from Cyber Threats
In an age where cyber threats loom large, especially for small and medium-sized enterprises (SMEs), French startup Stoïk is stepping up to the plate with a game-changing cyber insurance product. Recently, Stoïk successfully raised €25 million (around $27 million) in a Series B funding round, positioning itself as a crucial player in the European cyber insurance landscape.
Unlike other players…
The significant share acquisition aims to increase the capital of the Indian unit, aligning with Foxconn’s broader strategy of scaling up its operations beyond smartphone manufacturing. Liu highlighted the company’s ambitions to advance in sectors such as information and communication technology (ICT), electric vehicles (EVs), energy, and digital health.
In addition to the Indian investment…
Blockchain innovation empowering agent New Street Technologies has sacked $4 million funding in a follow-on round. The round saw cooperation from a gathering of private investors drove by Vittal Kadapakkam in the US, prominent Indian brokers, and existing investors including Unitus Ventures and Mohit Davar, Chairman of International Association of Money Transfer Network.
The complete gather…
Health and wellbeing platform Toothsi on Friday said it brought $20 million up in a Series B round drove by Eight Roads Ventures (a global investment firm backed by Fidelity), San Francisco-based Think Investments, and the Mankekar Family Office.
The round has likewise seen participation from Vishal Agrawal (Vice President, Blackrock Asia), Siddharth Shah and Dharmil Sheth (Co-originators…
The crown of being the main blue chip stock in India kept going only eight months for Mukesh Ambani’s Reliance Industries (RIL), and the bluest of blue chip has stopped to be the most elevated weighted stock in Nifty50.
The stock’s weightage in the Nifty pack slipped to as low as 9.82 percent on Monday and remained at 10.08 percent on Tuesday, which prompted the stock losing its high level to…
