Insight

Matrix Partners, a venture capital firm based in the United States, has rebranded its Indian entity as Z47.

IBM (NYSE: IBM) and the Department of Science and Technology, Government of Gujarat today entered a Memorandum of Understanding (MoU) to establish and promote an AI Cluster.

Lydia Jett, a former managing partner of SoftBank, has been reinstated as an independent director on Flipkart's board.

The Abu Dhabi Investment Authority (ADIA) subsidiary has led a funding round for beauty e-commerce marketplace Purplle, which has raised INR 1,000 Cr (approximately $120 Mn).

Underled by Elevation Capital, D2C shoe brand Comet has received Rs 42.3 crore (about $5 million) in its Series A round. For the Bengaluru-based startup in 2024, this is the first round of investments.

Home Furnishing Installation Startup Wify has attracted Rs 25 crore ($3 million).Under pre-Series A co-led by Mount Judi Ventures and current investor Capria Ventures.

Cautio, a firm specializing in video telematics, has successfully secured Rs 6.5 crore ($780k) in its pre-seed funding round. The deal was headed by prominent investors Antler, 8i, and AU Bank.

TIFIN, a financial platform powered by artificial intelligence (AI), has made its entry into the Indian market by introducing MyFi. MyFi is a conversational AI assistant that provides personalized investment advice.

Nasscom Foundation and Nasscom SME Council have launched a programme to support Small and Medium Enterprises (SMEs) in accomplishing their Corporate Social Responsibility (CSR) objectives, in observance of International MSME Day.