The Morning Vine 🍇
Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go:
𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳
𝟏. 𝐆𝐫𝐨𝐰𝐰’𝐬 𝐀𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐁𝐚𝐬𝐞 𝐂𝐥𝐢𝐦𝐛𝐬 𝐎𝐯𝐞𝐫 �...
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OneIM Expands to $8 Billion, Plans New Delhi Office
- One Investment Management (OneIM), led by ex-SoftBank Vision Fund co-CEO Rajeev Misra, has increased its fund size by over $1 billion this month.
- The fund, now worth $8 billion, is expanding operations with new offices in Japan and India.
- OneIM, backed by Abu Dhabi's Royal Group and Mubadala Investment Co., is seeking global lending and investment opportunities.
Source: Bloomberg
2d ago
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General Catalyst's Venture Highway Acquisition: A Strategic Play for India 🇮🇳
In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.
The Deal:
- Rare instance of cons...
Accel Targets $700M India Fund, Largest Yet Amid VC Landscape Shifts
- Accel gearing up for eighth India fund, aiming for $600-700M by end of 2024
- First major VC fundraise after 2022's funding winter, signaling potential market thaw
- Firm's stable team and strong track record expected to attract signif...
Ultrahuman Eyes $40 Million Investment Led by SoftBank
- Ultrahuman is in talks to raise $30-40 million, potentially led by SoftBank Vision Fund.
- The funds will be used to expand product range, manufacturing, and international operations.
- The company seeks a $300-million valuation, drive...
OpenAI Secures $6.6bn Funding, Asks Investors to Avoid Rivals
- OpenAI has secured $6.6bn in new funding and is now valued at $150bn, the highest in Silicon Valley's history.
- The company has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI.
- OpenAI's move to...
