CRED to acquire mutual fund startup Kuvera in wealth management push

February 6, 2024

Indian fintech startup CRED has reached an agreement to buy mutual fund and stock investment platform Kuvera as part of an expansion into wealth management. The $6.4 billion Bengaluru-headquartered startup said it was attracted by Kuvera’s experienced team and expertise in enabling customers to invest directly in mutual funds and stocks with advisory and tracking […]

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Open Source ‘headless commerce’ builder Saleor closes $8M round led by Target Global and Zalando

February 6, 2024

Saleor — a Poland and U.S.-based startup that develops an open-source headless’ e-commerce platform that developers then use to build online shops — has pulled in an $8 million Seed-extension round led by Target Global (the investors which have previously backed the likes of Revolut and Auto1), and e-commerce giant Zalando. Also participating were SNR […]

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Colossyan uses GenAI to create corporate training videos

February 6, 2024

Most people don’t watch corporate training videos — or, in cases where the training’s mandatory, don’t give them their full attention. According to a recent poll from Kaltura, the video tech provider, 75% of staffers admit to skimming through training videos, watching them without sound or listening to them while multitasking. So, given that training […]

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China’s generative video race heats up

February 6, 2024

On Monday, Tencent, the Chinese internet giant known for its video gaming empire and chat app WeChat, unveiled a new version of its open source video generation model DynamiCrafter on GitHub. It’s a reminder that some of China’s largest tech firms have been quietly ramping up efforts to make a dent in the text- and […]

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Yamaha Motor fuels River’s ambitious electric SUV two-wheeler rollout in India

February 6, 2024

River, an Indian startup manufacturing electric two-wheelers, has raised $40 million in a funding round led by Japan’s Yamaha Motor as the nearly three-year-old startup looks to increase R&D spending and expand the market presence of its first electric ‘SUV’ two-wheeler in India. The all-equity Series B round also saw participation from startup’s existing investors, […]

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Early-stage UK VC Episode 1 closes $95M third fund

February 6, 2024

Early stage European venture capital (VC) firm Episode 1 has closed its third fund at £76 million ($95 million), as the London-based investor turns to in-house “data-driven deal sourcing tools” to find the next big thing. Founded in 2013, Episode 1 has a handful of exits to its name from the 70 or so companies […]

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Lynk forges ahead with public market debut despite SPAC’s dwindling reserves

February 6, 2024

Satellite-to-phone connectivity provider Lynk Global will head to the public markets via a merger with a shell company led by former professional baseball player Alex Rodriguez. The two companies confirmed the deal on Monday after announcing a non-binding LOI with Rodriguez’s special purpose acquisition company (SPAC), Slam Corp, in December. According to an investor presentation […]

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Starship Technologies raises $90M as its sidewalk robots pass 6M deliveries

February 6, 2024

Sidewalk delivery robots services appear to be stalling left and right, but a pioneer in the concept says it is profitable and has now raised a round of funding to scale up to meet market demand. Starship Technologies, a startup out of Estonia that was an early mover in the delivery robotics space, has picked […]

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UK gov’t touts $100M+ plan to fire up ‘responsible’ AI R&D

February 6, 2024

The UK government is finally publishing its response to an AI regulation consultation it kicked off last March, when it put out a white paper setting out a preference for relying on existing laws and regulators, combined with “context-specific” guidance, to lightly supervise the disruptive high tech sector. The full response is being made available […]

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