Monday, April 15, 2024

CaratLane’s Mithun Sacheti, Binny Bansal back Xeed as Indian founders turn big local sponsors

In India, founders like Sacheti and Bansal are funding domestic funds like Xeed Ventures. The Rs 600 crore fund, with Premji Invest's backing, invests in startups like Charcoal.inc and Kredit.pe, led by Sailesh Tulshan.

from Tech-Economic Times https://ift.tt/0gIHWRo

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...