Dream 11 has scooped up $840 million in a new round led by Falcon Edge, DST Global, D1 Capital, Tiger Global and Redbird Capital. This is a significant jump in Dream11’s valuation Dream11 [owned by Dream Sports] has raised $840 million in a fresh funding round headed by Falcon Edge, DST Global, D1 Capital, Tiger Global, and Redbird Capital. TPG and Footpath Ventures also joined the round. According to the company, it has raised new funds valued at $8 billion. This is a considerable increase in Dream11’s worth, which was…
Read MoreMonth: November 2021
Kore.ai Extends Its Financing to $73.5 Million
Kore.ai has extended its Series C funding round with participation from NVIDIA. Kore.ai and NVIDIA will collaborate on accelerating innovation in the deployment of conversational AI-based platforms and solutions for enterprises. The leading conversational AI software company Kore.ai announced that it has expanded its Series C funding round with NVIDIA’s participation. Kore.ai and NVIDIA will work on accelerating innovation in the implementation of conversational AI-based platforms and solutions for companies in connection with the investment. As the global corporate sector embraces digital transformation, it is becoming increasingly important to provide outstanding…
Read MoreOfBusiness closes FY21 with 2X jump in revenue
OfBusiness became the 18th startup to reach the unicorn milestone earlier this year profit has surged 72% during the fiscal ending March 2021. The industrial goods and services procurement platform OfBusiness became the 18th company to surpass the unicorn milestone earlier this year after collecting $360 million in two months in successive rounds led by Softbank and Tiger Global. This makes it one of just a few startups among the 39 that have become unicorns this year. While its operational revenue has more than doubled, profit has increased by 72…
Read MoreupGrad merged its three India subsidiaries into one unit
upGrad has consolidated its three Indian subsidiaries—upGrad Campus, upGrad Jeet and upGrad KnowledgeHut. The three subsidiaries are in fact acquisitions that were rebranded by upGrad. upGrad has merged its three Indian subsidiaries—upGrad Campus, upGrad Jeet, and upGrad KnowledgeHut—to form a single parent company in India, at a time when the country’s edtech industry is experiencing tremendous churn. According to a statement issued Thursday, the merged business will provide the whole range of higher education technology offerings, appealing to both college students and working professionals. The three subsidiaries are really acquisitions…
Read MoreMedanta partners with Qure.ai to develop Ai solution to improve X-Ray efficiency
Global health limited Medanta collaborates with Qure.ai The partnership is expected to improve the efficiency of X-Ray based diagnosis Global Health Limited (Medanta) has partnered with Qure.ai, a developer of artificial intelligence technologies, to enhance and improve the efficacy of X-ray analysis for chest diseases. According to the company, this will allow doctors to make faster and more accurate diagnoses. Medanta has been using this solution over the last few months, said Pankaj Sahni, CEO, Medanta, and would now consider other use cases beyond X-rays. “We have started using this…
Read MoreUpstox turns unicorn with $25 million investment from Tiger Global
The online investment platform Upstox has raised $25 million from existing investor Tiger Global. Tiger Global is an existing investor in Upstox The month of November has already witnessed five startups becoming unicorns with two more entering the coveted club this week. Now, a sixth company has turned into a unicorn: Upstox. Existing investor Tiger Global has contributed $25 million to the online investing platform. The new funding looks to be part of a larger round for the company. According to regulatory documents, Upstox has approved the offering of 18761…
Read MoreAmazon-sponsored artwork that ‘learns’ peoples’ emotion debuts at Smithsonian
The sculpture titled “me+you” interprets human emotion as coloured patterns The artwork was sponsored by Amazon web services The Smithsonian exhibition is featuring a sculpture by Suchi reddy, sponsored by Amazon Web Services that employs artificial intelligence to integrate viewers’ feelings into the artwork. “me + you” is the title of the sculpture. It hears what you have to say about the future and renders your words into a display of coloured lights and patterns. Amazon donated 1,200 hours of programming to assist the artwork in translating speech to text…
Read MoreWhatsApp to introduce some exciting new features
WhatsApp is exploring a number of intriguing features to improve the user experience. WhatsApp is also working on increasing the time limit for the Delete Message for Everyone feature and will shortly roll out a customized sticker creator for mobile users. Let’s see what important features WhatsApp going to roll out soon Delete message for everyone According to reports, WhatsApp is working to extend the time limit for the Delete Message for Everyone function. Users may already erase messages one hour after sending them, but WhatsApp is also exploring the…
Read MoreTech Mahindra partners with Cogniac to provide AI-based machine vision solutions
Tech Mahindra announced partnership with Cogniac The partnership is intended to provide AI based solutions to enterprises Digital solution provider Tech Mahindra has announced a collaboration with Cogniac, a San Jose, California-based provider of enterprise-class Artificial Intelligence (AI) image and video analysis. By offering AI-based Machine Vision Solutions, the companies will make data management much easier for businesses all over the world. The partnership will boost company operational productivity by maximizing the value of visual data across industries such as automotive, railway, manufacturing, and government, according to a statement from Tech…
Read MoreSpinny enters the unicorn club After receiving $248 million in Series E round
Full-stack used car retailing platform Spinny has turned unicorn after raising around Rs 1,849 crore The company was valued at around $750-800 million during its Series D round. Spinny, a full stack used car retailing platform, has become a unicorn after receiving around Rs 1,849 crore ($248 million) in its Series E round from new and existing investors. The new financing comes four months after the Gurugram-based company received more than $100 million in its Series D round led by Tiger Global. According to regulatory filings, Spinny has passed a…
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