HealthCRED, a B2B healthcare financing startup, has raised $1.2 million in seed funding led by Antler India, TRTL VC, DeVC, iSeedVC, and Angel List India. The funding round also saw contributions from angel investors such as Subho Ray, President of the Internet and Mobile Association of India (IAMAI), and Nitin Gupta, CEO of Uni Cards.
The new capital will be used to expand HealthCRED’s…
A recent report by US-based short-seller Hindenburg Research has disclosed that mutual funds have invested nearly $5 billion (Rs 41,814 crore) across 10 Adani Group companies. The report indicates that except for New Delhi Television (NDTV), mutual funds have invested in every listed Adani Group company.
The investment breakdown shows that Adani Ports and SEZ has the highest mutual fund exposure…
Wealthtech startup Infinyte.Club has successfully raised $3.6 million (INR 30.2 crore) in its seed funding round, spearheaded by Elevation Capital. The funding round also featured investments from a prominent group of angel investors, including Kunal Shah, founder of CRED; Vidit Aatrey, cofounder of Meesho; Gaurav Munjal, CEO of Unacademy; Sanket Shah, CEO of InVideo; Varun Dua, founder of ACKO…
CreditAccess India BV, a Netherlands-based firm with a 66.56% stake in CreditAccess Grameen, is aiming for a $2.7 billion valuation for the microfinance company, according to a report by Mint. If successful, this deal would become the largest transaction in India’s $51 billion microfinance sector.
To facilitate the sale, CreditAccess India has enlisted investment banks Jefferies, Barclays…
Sundar Pichai, CEO of Alphabet and Google, has expressed profound sorrow over the passing of Susan Wojcicki, the former CEO of YouTube, who died after a two-year battle with cancer. Pichai took to social media platform X to share his grief, describing Wojcicki as an integral figure in Google’s history and an irreplaceable friend.
In his tribute, Pichai remarked, “Unbelievably saddened by the…
Bharat Sanchar Nigam Ltd (BSNL) is set to revolutionize its telecommunications services with the introduction of a new over-the-air (OTA) and Universal SIM (USIM) platform. This cutting-edge platform, compatible with both 4G and 5G networks, will allow BSNL subscribers to select their mobile numbers on demand and replace SIM cards without being bound by geographical limitations.
Launched in…
Alibaba Group Holding has elevated its AI game with the introduction of Qwen2-Math, a new suite of large language models (LLMs) specifically designed to excel in mathematical problem-solving. According to the e-commerce giant, these models outperform OpenAI’s GPT-4o and other leading LLMs in mathematics.
Announced during a developer update on GitHub, the Qwen2-Math models build upon the earlier…
Cisco, the leading manufacturer of networking equipment, is set to announce another wave of layoffs as early as Wednesday, coinciding with its fourth-quarter earnings report. This latest round of job cuts follows a previous reduction in February, which saw 4,000 employees let go. The new layoffs could match or slightly exceed this number.
The decision comes as Cisco aims to refocus its business…
Mastering Cryptocurrency: Your Comprehensive Guide to the Digital Asset World
The world of cryptocurrency is ever-evolving, offering a plethora of opportunities for those looking to invest or simply understand this dynamic field. Our comprehensive guide covers the essentials of cryptocurrency, including foundational concepts, innovative trends, and various investment methods.
Crypto Basics
1. What…
Suzano SA, the world’s largest wood pulp supplier based in São Paulo, reported a substantial loss of BRL 3.77 billion ($680 million) for the quarter ending June, marking the company’s largest quarterly loss since 1998. This loss starkly contrasts with the BRL 5.1 billion profit reported during the same period last year. Analysts had projected a profit of BRL 2.13 billion, according to…
