ClickPost, a logistics intelligence platform, has raised $6 million in a funding round led by Inflexor Ventures and Athera Venture Partners. The funds will be utilized to introduce enhanced products and expand the company’s presence in existing and new markets. ClickPost offers services like delivery dates, multi-carrier integration, tracking visibility, and omnichannel enablement.
Green shoots are appearing in startup investing after a downturn, leading to a shift in how founders and dealmakers approach potential transactions. Domestic firms and family offices are becoming active investors, while global and crossover funds are staying away. Public market investors are finding value in venture-backed private assets, contributing to the growing domestic pool of capital. Investment banks are also playing a bigger role in facilitating deals. The funding scenario remains subdued, but industry insiders believe the pipeline will grow as startups grow into their valuations from the previous boom years.
SiMa.ai has raised $70 million in fresh funding, adding to the $270 million it has raised to date. The company plans to use the funds to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip.
Dezerv and Stable Money, two wealthtech startups, have managed to secure fresh funding despite the prevailing financial technology (fintech) stress in the market.
The U.S. Congress has early on Saturday overwhelmingly passed a $1.2 trillion budget bill, keeping the government funded through a fiscal year that began six months ago. The bill includes funding for key federal agencies but leaves out funding for military aid to Ukraine, Taiwan, and Israel. The business community welcomes the passage of the spending bill.
Bengaluru-based B2B e-commerce company Jumbotail has raised Rs 151 crore in a funding round led by Singapore-based venture capital firm Artal Asia. Jumbotail plans to use the funds to scale up its products and services for new and emerging brands. The company aims to be fully profitable by the end of 2024.
The Department of Telecommunications (DoT) in India has revealed its plan to connect startups with venture capital funds, providing them with Shark Tank-like funding opportunities. This initiative aims to enable increased funding for startups and foster a culture of entrepreneurship in the country.
Elon Musk has denied reports that his artificial intelligence firm xAI is in talks to raise up to $6 billion in funding. Musk stated that xAI is not raising capital and he has had no conversations with anyone regarding funding. This comes in response to a media report that claimed xAI was seeking funding at a valuation of $20 billion. The AI industry has seen increased investor interest, but Musk has not confirmed any funding plans for xAI.
The Ministry of Ports, Shipping, and Waterways has established a task force to oversee the establishment of the Indian Maritime Centre. The task force aims to provide policy direction for the smooth operationalization of the IMC and build global credibility for the Indian maritime sector. The IMC Secretariat will be built as a world-class facility. This move is aimed at bringing a unified approach to maritime policy across different sub-sectors.
Nipesh Narayanan’s research analyzes the discourse on slums in the Indian Parliament from 1953 to 2014, highlighting the shifting narratives and definitions of slums and their impact on legislation and policies. It explores the role of urban disparity and the consequences of changing slum definitions in different eras. The article emphasizes the need for a comprehensive understanding of slums beyond numerical data and challenges the reliance on technological solutions for urban problems.
