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Producer of clean energy transition materials through battery recycling and repurposing, Lohum Cleantech has raised $23 million in its Series B round led by Baring Private Equity Partners. This round materialized in August last year and seems to be an ongoing one as the firm is likely to raise more capital.

Startup funding in the first week of February 2024 was down about 17% from the same period a year ago, totalling $154.5 million across 27 deals. Companies, across seed, early and late-stages, had raised about $185 million from 31 rounds in the period from February 3 to February 9, 2023, as per data from Tracxn.

Shares of Paytm parent, One97 Communications, tumbled nearly 9% in early trade on Friday amid a report that the payment solutions company is in talks to acquire e-commerce startup Bitsila. The Bengaluru-based startup, established in 2020 by Dasharatham Bitla and Sooryah Pokkali, is the third-largest seller-side platform on the Open Network for Digital Commerce (ONDC).

Apple plans to settle a lawsuit that accused tech startup Rivos of stealing its trade secrets related to computerchip technology, according to a joint court filing on Friday in California federal court. Apple sued stealth startup Rivos in 2022. It said Mountain View, Californiabased Rivos had hired away dozens of its engineers and used its confidential information to develop competing systemonchip (SoC) technology.

In a move highlighting its aggressive push into artificial intelligence , Apple reportedly acquired over 30 AI startups in 2023, exceeding the acquisitions of any other tech giant This aggressive strategy puts Apple at the forefront of the AI race, potentially shaping the future of its products and services

Small startups can apply for limited projects in the US Now, it is expensive This model could be better than setting up an MRO or company to company tieups, he said Christopher also stressed on the need to promote research and to find an alternative solution instead of finding super or expensive solutions

Union minister Dharmendra Pradhan on Sunday launched an initiative of IIT Bhubaneswar’s Research and Entrepreneurship Park, which aims at creating 100 startups with a valuation of Rs 100 crore each by 2036. The 100Cube startup initiative was unveiled by Pradhan here, who said innovation is in the DNA of Odia society.

Union Minister for Education, Skill Development and Entrepreneurship Dharmendra Pradhan on Saturday said Odisha will have 100 startups with a minimum turnover of Rs 100 crore each when it turns 100 in 2036. In a fireside chat with startups, institutions, investors and ecosystem enablers on the eve of 100Cube startup conclave, he said the country has developed a new culture and pace of research, innovation and entrepreneurship with no dearth of talent and ideas.

Aimed at leveraging engineering as a powerful tool to address global challenges and improve the quality of life, a group of Indians in Silicon Valley has announced the formation of a global network of Indian professionals dedicated to fostering innovations

Union Minister Dharmendra Pradhan emphasized on Sunday that it is Prime Minister Narendra Modi s vision to make India a developed nation by 2047. He said that India s startup ecosystem is reaching new heights.