Insight

IAN Group has formed a partnership with iAccel Gulf Business Incubator, a Dubai-based SME accelerator, to offer Middle Eastern investors the opportunity to investigate and engage in the Indian startup ecosystem. This partnership also facilitates the expansion of Indian startups' operations in the UAE.

Prosus, an investment firm, has disclosed that it has devalued its 9.6% stake in Byju's, an edtech company.

A Memorandum of Understanding (MoU) has been signed by Infibeam Avenues and the Entrepreneurship Development Institute of India (EDII) to promote the adoption of AI among enterprises, entrepreneurs, and MSMEs.

CheQ, a credit card bill payment management platform, has secured Rs 18.5 crore (approximately $2.2 million) in additional proceeds in its extended seed round. This is the second tranche of the round for the Bengaluru-based company.

A debt of Rs 100 crore or $12 million has been raised by omnichannel retailer Bluestone from Neo Markets.

QpiAI, a pioneer in generative AI and quantum computing, has secured its initial external funding of $6.5 million to develop generative AI and quantum computing products and platforms.

Hindustan Zinc is the world's second-largest zinc producer and the greatest zinc producer in India. Hindustan Zinc is 64.92% owned by Vedanta.

Corporate Warranty India has provided VOC Automotive with INR 1.5 crore in funding, for a startup in the two-wheeler service industry. India Pvt Ltd (CWI).

The database analytics startup Rockset, which was founded by Venkat Venkataramani, an alumnus of NIT Tiruchirappalli, and Dhruba Borthakur, an alumnus of BITS Pilani, has been acquired by OpenAI, the creator of ChatGPT.