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šØ ETtech Top 5 | #Digit cuts valuation for #IPO; Internet firms vs Google in NCLAT Also in this letter: ā Freshworks' @mrgirish on top-deck rejig ā SoftBank sells off Vision Fund assets ā #OpenAI to unveil Google search alternative soon https://t.co/BTikFcuZYV
šØ Tech 3 Today One quick thing: CognizantĀ logo becomes InnovateĀ amid trademark dispute In todayās newsletter:Ā Why Go Digit is leaving money on the table It's India wapsi for Binance, KuCoin Wipro CEO makes his first move
Check out this mind-blowing stat: ā¹14,077 Cr invested in 791 startups! The Fund of Funds Scheme allocated ā¹7,980 Cr to 99 AIFs, with an extra ā¹3,400 Cr for 72 AIFs. Explore the impact: https://t.co/AahZ38c23P #StartupIndia #Fundings #BusinessFunds #BusinessLoan #DPIIT https://t.co/aY03yJhm9l
Indian startups are experiencing significant growth in funding, with reports indicating a $726 million raise across 68 deals in April 2024, marking a 144% increase from the same period in 2023. This positive trend is attributed to closed dormant deals and improved agreement on valuations between investors and founders. Additionally, the tech sector in India is witnessing heightened investor interest in gaming studios, with local developers working on high-investment games traditionally dominated by international publishers like Krafton and Garena.
