AI startups attracted one out of every three dollars invested in the U.S. last year, reflecting a surge in investor interest after OpenAI s ChatGPT grabbed the spotlight and startups raced to develop AI technology. The latest data, from a year in which megadeals in artificial intelligence captured the imagination of investors, shows a persistent decline from the peak of U.S. venture funding in 2021 when startups raised $348 billion.

Startup fuel retail firm Indo Petroleum Marketing (IPM) on Thursday said it will set up 100 fuel stations across the country within the next five years while starting its business from Assam. The Delhi based company has already generated a net worth of Rs 250 crore to roll out its network to sell different types of fuel in the country.

Startup fuel retail firm Indo Petroleum Marketing IPM ) on Thursday said it will set up 100 fuel stations across the country within the next five years while starting its business from Assam. The Delhi based company has already generated a net worth of Rs 250 crore to roll out its network to sell different types of fuel in the country.

Upekkha marks first close to $40 million fund; to invest in over 70 startups Upekkha, an early-stage SaaS fund and accelerator has marked the first close of its $40 million fund, raising $15 million from WestBridge Capital. Godard Abel, CEO of G2.com, a B2B SaaS marketplace is among the LPs in the first close.

Amidst the recent diplomatic tensions between India and the Maldives, Siacle , a notable B2B travel marketplace startup, has joined other key players in the travel industry in the decision to suspend the distribution of Maldives tour and travel packages, hotel bookings, and flight reservations through its platform.

Venture fund and accelerator for early-stage SaaS (softwareasaservice) startups Upekkha has raised $15 million, first close of its 40 million Upekkha fund. The investment was led by private equity firm WestBridge Capital. Other LPs (limited partners) in the first close included Godard Abel, CEO of G2.com, the largest B2B SaaS marketplace.

This innovative device utilizes the Galvanic Skin Response (GSR) method, capturing real time psychological arousals such as excitement, stress levels, mental effort, and shock. Unlike other wearable Heart Rate Variability (HRV) devices, SOONYAM tracks electrodermal activity, providing insights into both positive and negative emotions.

Out of 2000 expected applicants, 100 will be shortlisted for the program initially and 40 of them will then proceed to be an active part of the discussion in the accelerator program. The startups will be evaluated through several rounds across multiple parameters.

Forget unicorns, ride the dragons: AI startups poised to soar in 2024 There are special opportunities and challenges for aspiring AI startup founders. A strategy plan encompassing technological development, finance approaches, and market research is necessary to establish a profitable artificial intelligence firm.

Gujarat, once known primarily for its traditional industries, has now witnessed a remarkable transformation, boasting over 900 patents filed by startups a testament to the sector s burgeoning innovation. This phenomenal growth is no accident. In 2015, Gujarat harboured only 25 fledgling startups.

Edtech startup ConveGenius snags $7 mn; Fireside ups bet on The Baker s Dozen Sneh Jain, cofounder, The Baker s Dozen Edtech startup ConveGenuis and bakery brand The Baker s Dozen secured early-stage funding, the companies said on Thursday. Artificial intelligence (AI)based edtech startup ConveGenius has raised $7 million (Rs 58 crore) in a funding round from a host of investors including UBS Optimus Foundation and Mount Judi Ventures.

Edtech company ConveGenius has raised $7 million (about Rs 58 crore) in a Series A round coled by UBS Optimus Foundation and Mount Judi Ventures. The round also witnessed the participation of its existing investors Michael & Susan Dell Foundation, Bace Capital, Heritas Capital and Gray Matters Capital.

Kaushal Shah is the Managing Director & Head ECM at Kotak Investment Banking Kaushal Shah, managing director & head ECM, Kotak Investment Banking, expects 2024 to be even busier for the primary market that the year gone by during which at least 54 initial public offerings (IPOs) were launched.

A Delhi based artificial intelligence startup Kamoto.ai has unlocked revenue generation through its advanced generative AI technology. The company, in partnership with Bollywood actress Sunny Leone, achieved a remarkable feat amid the transpiring technological advancements in the entertainment domain.

U.S. venture capital firm Andreessen Horowitz has backed London based insurance startup Hyper exponential in a $73 million funding round, the insurance software company said on Thursday. There is still appetite for businesses that are doing very well, that are self-sustaining, and are growing. We are fortunate enough to fall into that group, Hyper exponential s cofounder and CEO Amrit Santhirasenan said.

The AI based global admissions startup, Ambitio, which helps students in pursuing higher education abroad, on Tuesday announced its preseed round of Rs 1.55 crore. The funding comes from investors, including First Cheque, a couple of soonicorn founders, and angel investors from the US and India.