Zepto is in advanced stages of talks to raise $ 100 million in new investment, its third in the last six months, as the leading Indian quick commerce startup looks to rope in more domestic investors, sources familiar with the talks told TechCrunch. The Mumbai-headquartered startup, which allows customers in multiple Indian cities order grocery, […]
OpenAI’s $6.5B funding round may close as soon as next week
ChatGPT maker OpenAI’s next funding round, said to be around $ 6.5 billion, could close as soon as the end of next week. That’s according to a new report in The Wall Street Journal, which also reveals that OpenAI’s rumored conversion from a nonprofit org into a for-profit company is now a virtual certainty. Investors […]
Health insurance startup Alan reaches $4.5B valuation with new $193M funding round
Alan, the French insurance unicorn, just signed a multi-faceted deal with Belfius, one the largest banks in Belgium, that includes a distribution partnership along with a significant financial investment in the startup. Belfius is leading Alan’s Series F funding round of €173 million (around $ 193 million at current exchange rates). Some of Alan’s existing […]
India’s Physics Wallah raises $210M at $2.8B valuation even as edtech funding remains scarce
Physics Wallah, an Indian edtech startup, has secured $ 210 million in fresh financing amid a tough funding environment for edtech companies in the country following the collapse of Byju’s, once the biggest company in the space. Physics Wallah said on Friday the Series B round was led by the hedge fund Hornbill Capital, a […]
Fei-Fei Li’s World Labs comes out of stealth with $230M in funding
Fei-Fei Li, the Stanford professor many deem the “Godmother of AI,” has raised $ 230 million for her new startup, World Labs, from backers including Andreessen Horowitz, NEA, and Radical Ventures. World Labs is valued at over $ 1 billion, and the capital was raised over two rounds spaced a couple of months apart, TechCrunch […]