Manish Singh
Peak XV is creating an “evergreen” fund bankrolled by its investment partners and extended team, a source familiar with the matter told TechCrunch, as the venture firm seeks to become a significant LP in the firm’s future vehicles and explore investment in different asset classes.
The most influential investor in...
Even as quick commerce is slowly fading in many markets and several heavily-funded startups have folded in the past two years, India is emerging as a striking outlier where the model remains vibrant.
India’s quick commerce market has witnessed a staggering 10-fold growth between 2021 and 2023, fueled by the...
Elon Musk’s AI startup xAI will open-source Grok, its chatbot rivaling ChatGPT, this week, he said, days after suing OpenAI and complaining that the Microsoft-backed startup had deviated from its open source roots.
xAI released Grok last year, arming it with features including access to “real-time” information. The service is available...
Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm, implying a valuation of $12.16 billion, surpassing the $10.7 billion post-money valuation at which Swiggy secured funding in early 2022.
New York-based Baron Capital disclosed in new fillings that...
Sea is “still making changes” and has yet to launch its popular mobile game Free Fire in India, more than six months after announcing plans to do so.
Yanjun Wang, Group Chief Corporate Officer at Sea, said during the earnings call this week that the Singapore-headquartered giant is still making...
The Indian e-commerce giant Flipkart is planning to enter the quick-commerce business, aimed at providing customers with the convenience of receiving their orders instantly after making their purchases, a source familiar with the matter told TechCrunch.
The firm, majorly owned by Walmart, plans to make the instant-delivery service available in...
OpenAI, the most valuable AI startup, said Wednesday it intends to dismiss all claims made by Elon Musk in a recent lawsuit and suggested that the billionaire entrepreneur, who was involved in the company’s co-founding, didn’t really have that much impact on its development and success.
In a blog post...
India has waded into global AI debate by issuing an advisory that requires tech firms to get government permission before launching new models.
India’s Ministry of Electronics and IT issued the advisory to firms on Friday. The advisory, not published on public domain but a copy of which TechCrunch has...
Camshaft disclosed in court filings this week that some $533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and U.S.-based subsidiary of Byju’s, thereby refuting allegations that the Indian firm used the wealth manager’s services to misappropriate money.
In...
Elon Musk sued OpenAI, its co-founders Sam Altman and Greg Brockman and affiliated entities on Thursday, alleging the ChatGPT makers have breached their original contractual agreements by pursuing profits instead of the nonprofit’s founding mission to develop AI that benefits humanity.
Musk, an early backer of OpenAI, claims Altman and...
