ChatGPT creator OpenAI is reportedly in talks to raise a massive tranche of cash led by previous backer Thrive Capital, at a valuation of more than $ 100 billion. That’s substantially higher than OpenAI’s previous $ 86 billion valuation, and by far the highest valuation of any AI startup to date. Thrive will reportedly throw […]
TPG nears $150M funding in India’s Eruditus at $2.3B valuation
Eruditus, an Indian edtech startup, is in advanced stages of talks to secure about $ 150 million in new funding, two sources familiar with the matter told TechCrunch, in what would be the largest fundraise by an Indian education firm in years. TPG, a major private equity player, is discussing to lead the investment, the […]
360 One lifts its valuation of India’s National Stock Exchange to $29.9B
360 One Asset, an investor in India’s National Stock Exchange (NSE), has increased its valuation for the stock exchange to $ 29.9 billion, significantly higher than the $ 18 billion to $ 19 billion price tag the firm was valued at in private transactions last year. The wealth manager, which invested in NSE through its […]
Story raises $83M at a $2.25B valuation to build a blockchain for the business of content IP in the age of AI
Companies like OpenAI, Anthropic and Stability AI have faced a lot of heat over how they have scraped and mis-used intellectual property owned by others when training and operating their foundational AI models. Now, a startup called Story that is building a blockchain-based platform to help IP owners track usage more effectively is announcing $ […]
Zepto hits $5B valuation as quick commerce heats up in India
Zepto has finalized a $ 340 million round that increases its valuation to $ 5 billion, up from $ 3.6 billion in June, as the startup races to win market share in India’s contested quick commerce market. General Catalyst and Mars Growth Capital are co-leading the Series G round, according to people familiar with the […]