U.S. asset manager Invesco has raised the value of its stake in Swiggy, ascribing an implied valuation of about $ 13.3 billion to the Indian food-delivery and quick-commerce startup that is on track to go public in about a month. In a disclosure on Tuesday, Invesco’s Developing Markets Fund said it valued the 28,844 shares […]
EGYM, a connected fitness startup conceived after the founder hit a wall at the gym, lands $200M at a $1.2B+ valuation
Getting healthy is big business these days. Now a startup that’s come up with a unique approach leveraging tech to help people with their exercise regimes is announcing a big round of funding, putting some weight behind its own push for growth. Munich-based EGYM — a maker of connected fitness equipment and personalized training tech […]
Grok’s image generator, Black Forest Labs, is raising $100M at a $1B valuation, say sources
While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising foundational models can still open doors, and checkbooks. Multiple sources tell us that Black Forest Labs — a startup that’s building generative AI image models and came out of stealth two months ago with […]
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 […]