Sarvam AI raised $234 million in the Series B round in the first close of $300 million at the post-money valuation of $1.5 billion.
@hcltech led the round along with participation from @BessemerVP@khoslaventures , @peakxvpartners .
@SarvamAI#AI
โข OpenAI is planning its IPO in September and working with Goldman Sachs, Morgan Stanley as IPO managers.
โข Planning to add JP Morgan Chase and Citi Bank.
โข Valuation up to $1 Trillion
#OpenAI#AI#IPO@GoldmanSachs@TechCrunch
Pine Labs made a strong market debut!
Shares listed with a 9.5% premium at โน242 vs. the IPO price of โน221.
The IPO was oversubscribed 2.46x, driven by strong QIB demand, while retail interest stayed soft.
A solid listing for the fintech giant.
#PineLabs#IPO#Fintech
๐ฆ๐๐ถ๐ด๐ด๐'๐ ๐ ๐ฎ๐๐๐ถ๐๐ฒ โน๐ญ๐ฌ,๐ฌ๐ฌ๐ฌ ๐๐ฟ๐ผ๐ฟ๐ฒ ๐ค๐๐ฃ ๐๐๐ป๐ฑ๐ฟ๐ฎ๐ถ๐๐ฒ!
Raising โน10,000 crores via QIP to expand quick commerce services like dark stores and related infrastructure.
The main thing is to strengthen the balance sheet
#Swiggy#zepto#Zomato
๐ฆ๐ฒ๐พ๐๐ผ๐ถ๐ฎ ๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น'๐ ๐ฑ๐ฎ๐ ๐ฅ๐ฒ๐๐๐ฟ๐ป๐ ๐ผ๐ป ๐๐ฟ๐ผ๐๐'๐ ๐๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐!
Invested around $35 million in Groww through multiple funding rounds.
Sold shares worth 1582 crores via IPO.
#Groww#IPO#FintechNews#VC
Mum
Flipkartโs bold bet on quick commerce!
300+ dark stores already, $1B invested, and aiming for 800 by 2025. With Ekartโs strong logistics & Tier-2/3 presence, Flipkart Minutes is ready to challenge Blinkit, Zepto & Instamart.
Game on! โก #Flipkart#QuickCommerce#Amazon#zepto
Warren Buffett's Berkshire Hathaway exited BYD!
Berkshire Hathaway invested $232 million in BYD in 2008 led by Charlie Munger.
Firm exited @BYDCompany fully by selling its stakes and reported $7 billion in profit on the investment.
#EV#WarrenBuffet#BYD#Tesla