TVS Motor booked a 152% return as it sold its Rapido stake to Accel and Prosus. Founded in 2015, Rapido has grown into a major player in India’s ride-hailing market, competing with Uber, Ola, and inDrive.
Author: WpAdminXfinity
Ventures Platform, one of Africa’s most active early-stage investors, has raised another $64 million
The Lagos-based firm and one of Africa’s most active early-stage investors is targeting a final close of $75 million for its second fund.
Perplexity to pay Snap $400M to power search in Snapchat
Snap said today that it has signed a deal with AI-powered search engine Perplexity to power a new chatbot. As part of the deal, Perplexity will pay Snap $400 million in cash and equity.
Inception raises $50 million to build diffusion models for code and text
Diffusion models already power AI image generators, but Inception thinks they can be even more powerful applied in software development.
Google Maps upgrades navigation in India with Gemini, safety alerts
India becomes the second market after the U.S. to get Gemini-powered navigation on Google Maps.
Anker-backed hybrid RV startup Evotrex comes out of stealth
Evotrex joins startups like Lightship, Pebble, and Grounded in trying to disrupt the RV market, which is skewing younger.
Armis raises $435M pre-IPO round at $6.1B valuation after refusing M&A offers
Armis is hoping to launch its IPO in late 2026 or early 2027, its co-founder and CEO Yevegny Dibrov told TechCrunch.
NVIDIA, Qualcomm join U.S., Indian VCs to help build India’s next deep tech startups
Qualcomm Ventures has joined six Indian venture firms, collectively adding more than $850 million to boost India’s deep-tech ecosystem.
Former Meta employees launch a ring to take voice notes and control music
A raft of voice-based hardware devices have emerged, aimed at companionship, productivity, or personal growth. These include card-shaped devices from Plaud and Pocket; pendants from Friend, Limitless, and Taya; and a wristband from Bee, which is now part of Amazon. Now, two former Meta employees who worked on interface design have launched Sandbar, a startup...
Goldman Sachs doubles down on MoEngage in new round to fuel global expansion
MoEngage already has customers across 75 countries, with North America being its biggest business driver.