FutureTech

Chinese artificial intelligence startup SenseTime Group is attempting to raise up to $767 million by pricing its shares between HK$3.85 to $HK3.99 each in its second attempt at a Hong Kong IPO, according to regulatory papers on Monday, . After being placed on a US investor blacklist, SenseTime’s first attempt for listing was shelved last Monday. According to the filings, SenseTime wants to offer 1.5 billion shares in the IPO, with the exact price to be determined on Thursday. The US Treasury added SenseTime to a list of “Chinese military-industrial…

AI-based teaching assistant startup ByteLearn has raised $9.5 million in its seed round and is no longer in stealth status. According to the startup’s website, early access to the platform is now available. Vedantu, an edtech startup, bought the doubt-solving platform InstaSolv in February 2021 to expand its test prep and K-12 teaching sectors. Aditya Singhal and Nishant Sinha, two of InstaSolv’s founders, left to start a new company called ByteLearn. The funds will be used for product development, global expansion, and technological advancements by the startup. The company also intends…

Fintech startup Uni has raised $70 million in a Series A round led by General Catalyst, making it one of the largest Series A investments in the country. Eight Roads Ventures, Elevation Capital, Arbor Ventures, and current investors Lightspeed and Accel also participated in the round. In October of last year, the Bengaluru-based startup raised $18.5 million in its first investment round, led by Lightspeed Ventures India and Accel Partners India. The company has raised $88.5 million to date. According to Uni, the funds will be used to expand the team,…

Indian start-ups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) have created 1,92,427 jobs so far in 2021, the most in four years as per Union government. In the last four years, about six lakh jobs have been created, according to the report. The number of jobs created by “DPIIT-recognized startups” in 2018 was 93,527, an increase compared to the previous year. According to official data, job creation increased from 1,42,646 in 2019 to 1,69,724 in 2020, despite the pandemic outbreak. As of December 8, DPIIT-recognized…

Kerala Start-up Mission selected nine startups for funding at a two-day event targeted at increasing core female engagement in various businesses. The Kerala Startup Mission (KSUM) announced a grant of Rs five lakh each to Beena P S (OmicsGenLifeSciences), Sonia Mohandas (Waterchips Techno Solutions), Mariyam Vidhu Vijayan (Crink), Sunitha Faizal (Celebees Technologies), Nimisha J Vadakkan (Acemoney), Nisary Mahesh (Hubwords), Ashwathy Venugopal (Avasar (Nanograph). Dr Usha Titus, IAS, CMD of the Additional Skill Acquisition Program, inaugurated the hybrid meet on Wednesday (retd). “Women should not wait for concessions; instead they must…

Several bulge-bracket Software-as-a-Service (SaaS) agreements are expected to close in the coming months as risk investors continue to encourage Indian cross-border enterprises that are developing solutions that attract international clients. Chargebee, which has offices in both India and the United States, is in talks to raise new financing at a valuation of $3-3.5 billion, more than double its previous valuation. Chargebee, which helps firms with billing, subscription, and revenue management, is expected to be backed by existing investors Tiger Global and Sequoia Capital. San Francisco-based healthcare SaaS Company, Innovaccer is…