Artificial intelligence may be replacing some jobs, but at a startup in Bangalore, dogs are still very much part of the workforce. Dognosis, an Indian healthcare startup, is combining the extraordinary sense of smell of trained dogs with sensors and artificial intelligence in an effort to develop a simple, noninvasive...
Accel Puts Another $550 Million Behind India, With AI in the Crosshairs
Accel''s India fund wrote an $800,000 seed check into Flipkart, an Amazon look-alike, at a $4 million post-money valuation — the company's first institutional money — and held its position through Walmart's 2018 acquisition of a roughly 77% stake for about $16 billion, a deal that valued Flipkart north of...
U.S. and India VCs Commit $1 Billion to Deep Tech in India
Eight leading venture capital and private equity firms from the U.S. and India have formed the India Deep Tech Investment Alliance, pledging over $1 billion in private capital over the next decade to support Indian deep tech startups and strengthen bilateral tech ties. It is chaired by my friend Arun...
India’s Bizongo Secures Funding from LA investor, others
Bizongo, an AI-powered B2B e-commerce platform, announced the appointment of Prahlad Krishnamurthi as its new Chief Executive Officer, effective immediately. Krishnamurthi replaces company founder Sachin Agrawal, who will remain on the board while the new CEO takes over operational leadership. The Bangalore-headquartered company has simultaneously secured $4.5 million in additional...
Walmart Buys Out Tiger Global’s Stake in India’s Flipkart
Walmart paid $1.4 billion to buy out hedge fund Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. Besides Tiger Global, Flipkart co-founder Binny Bansal along with Palo Alto, CA-based private equity firm Accel, one of the earliest investors...
Accel Partners raises $550 million India Fund
US-based venture capital firm Accel Partners has raised $550 million for its sixth India fund as it seeks to ramp up its investments in the country’s booming startup ecosystem. The latest fundraise topped the $450 million Accel raised for its fifth India fund in late 2016. Accel Partners India currently...