OpenAI is reportedly in talks with investors to raise $ 6.5 billion in new funding, valuing the startup at $ 150 billion, according to Bloomberg and the Financial Times. That’s significantly higher than OpenAI’s previously reported valuation from earlier this year, $ 86 billion, and far higher than any other AI startup today. The funding […]
Swiggy weighs increasing IPO size by $150M, aiming to raise up to $1.4B
Indian food delivery startup Swiggy is considering increasing the fresh issue component of its initial public offering by $ 150 million, aiming to raise a total of up to $ 1.4 billion in what is shaping up to be one of the largest public listings in India this year. The Bengaluru-headquartered startup will ask shareholders […]
EV startup Ather seeks to raise $370 million in India IPO
Indian electric scooter manufacturer Ather Energy plans to raise about $ 370 million by issuing fresh shares in an initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market. The Bengaluru-based lossmaking startup, which competes […]
How a cold email to a VC helped salon software startup Mangomint raise $35M
Back in 2017, Daniel Lang, Dan Poineau and Sandra Huber came together to build Mangomint, a startup that makes salon and spa operations software. Lang said they realized that software providers were trying to build their own booking platforms, à la OpenTable. “We fundamentally didn’t believe this was the right approach for beauty and wellness,” […]
How Techstars, Meta helped profitable LatAM startup Mercately raise a $2.6M seed
In Latin American countries like Brazil and Chile, messaging platform WhatsApp has become one of the most popular apps to buy things online. It was even the ecommerce platform of choice in the region during the pandemic. But WhatsApp is designed to be a messaging platform, not an e-commerce site. A startup called Mercately is […]