Elon Musk Offers $97.4 Billion for OpenAI’s Nonprofit Arm, Altman Fires Back
Summary: Elon Musk has offered $97.4 billion to acquire the nonprofit arm controlling OpenAI, aiming to prevent its shift toward…
Category: Funding News
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Meta to Lay Off 3,600 Employees as Part of Workforce Restructuring
Summary: Meta, led by Mark Zuckerberg, is set to lay off around 3,600 employees starting Monday, as part of its…
Indian Startups Raise $191.44 Million in Funding Between January 27 and February 01, 2025
Summary: The article highlights the funding activity in the Indian startup ecosystem between January 27 and February 01, 2025. During…
Snabbit Raises $5.5 Million in Series A to Redefine On-Demand Home Services
Summary: Snabbit, a Mumbai-based startup specializing in on-demand home services such as cleaning, laundry, and dishwashing, has successfully secured $5.5…
BlueMedix has raised $5 million in a pre-series funding round led by a Dubai-based family fund
Summary: BlueMedix, a leading retail pharmacy chain in Eastern India, has raised $5 million in a pre-series funding round led…
$10 Million Funding Boost for Sarla Aviation’s Electric Air Taxi Venture
Summary: Sarla Aviation, a Bengaluru-based aerospace startup, has raised $10 million in funding led by Accel, with participation from notable…
Ranveer Singh Acquires 50% Stake in Packaged Foods Startup Elite Mindset
Bollywood actor Ranveer Singh has acquired a 50% stake in the packaged foods startup Elite Mindset, focusing on protein-based products…
The Indian government has abolished the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, to bolster the startup ecosystem and encourage innovation.
Summary: In a bid to enhance the startup ecosystem and promote innovation in India, Finance Minister Nirmala Sitharaman announced the…
A major outage of Microsoft services disrupted operations for banks, airlines, and media broadcasters worldwide on Friday
A major outage of Microsoft services disrupted operations for banks, airlines, and media broadcasters worldwide on Friday. Despite Microsoft’s efforts…
Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024.
Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian…