Avendus, India’s leading investment bank for venture deals, is looking to raise about $ 300 million for its private equity unit, according to three sources familiar with the matter. The Mumbai-based firm, backed by U.S. private equity giant KKR, has established itself as the top financial advisor in India, working with popular growth-stage startups including […]
Sachin Bansal’s fintech Navi seeks $2B valuation in its first major external fundraise
Flipkart co-founder Sachin Bansal is in talks to raise capital for his new startup, Indian fintech Navi. Bansal is talking to investors to raise at a valuation of around $ 2 billion, three sources familiar with the matter told TechCrunch. One source said he is looking to raise between $ 200 million and $ 400 […]
AALTO seeks to democratize high-speed internet access through solar-powered drones
In the beginning of 2021, Alphabet shuttered Loon. It was a familiar story within the annals of Google X history: an ambitious moonshot with tremendous upside that sputtered out prior to gaining any sort of meaningful traction after nearly a decade. “Despite Loon’s extraordinary technical progress,” X explains with a tinge of melancholy on the […]
FTC seeks to modify rule to combat deepfakes
Spurred by the growing threat of deepfakes, the FTC is seeking to modify an existing rule that bans the impersonation of businesses or government agencies to cover all consumers. The revised rule — depending on the final language, and the public comments that the FTC receives — might also make it unlawful for a GenAI […]
Byju’s seeks to raise $200 million in rights issue amid cash crunch, resets valuation
Byju’s, the world’s most valuable edtech startup, launched a rights issue on Monday, seeking to raise $ 200 million as the Indian firm works to address its working capital issues. The startup is resetting its valuation to “next to nothing” in the rights issue, where all existing investors have an opportunity to participate, according to […]