Menlo Park, CA- headquartered Meta signed an agreement with India's Reliance Industries to lease its first AI‑enabled data center in India. This facility will be located in the city of Jamnagar, in the state of Gujarat. Key features: The facility will provide 168 MW of capacity, with options to expand....
SoftBank Invests Over $200 Million in India's Online Grocer
Japan's SoftBank Group led an investment round of more than $200 million in New Delhi-based online grocery startup Grofers India through its Vision Fund. The series F funding saw participation from new investor, KTB of South Korea, and existing investors Tiger Global Management of New York and Sequoia Capital of...
Sequoia to Raise $1 Billion India-Focused Fund
Menlo Park, California-based Sequoia Capital plans to raise up to $1 billion for its sixth India-focused fund, making it the largest corpus raised for India markets. The corpus will be raised across multiple vehicles, such as as venture capital focused on technology companies, and growth-stage capital focused on consumer and...