Wednesday, June 07, 2023
Outlook India
Outlook Business


The inclusion of five new valuation methods will give stakeholders much-needed flexibility during the funding process

The company, which also counts Tiger Global among its external investors, is aiming for a 10-times jump in its customer base to 10 crores in the next five-six years

The edtech raised $250 million from US-based investment firm Davidson Kempner, which is part of the $1 billion funding round it hopes to close this month

The retail technology company will utilise the funds to acquire long-term licenses of international fashion and lifestyle brands and expand company’s proprietary technology stack

Video SDK will use the funds to drive research and development of intelligent protocols and infrastructure for live audio and video delivery globally

Enhanced patient experience, a phygital approach and the rise of single specialty solutions, emerged as key takeaways from the discussion that brought together investors and operators from the Indian healthcare industry

The funds will be used for launching new products, international expansion in the UK, EU, and Asian markets and augmentation of tech and data capabilities

The fresh capital infusion aims to set the company on a new trajectory to further expand operations in the three current verticals and continue to provide manufacturing solutions to global customers

NxtWave will collaborate with APIS to establish synergies with start-ups and provide proficient personnel in Full-stack Development and other Advanced Technologies as interns or full-time employees for start-ups in the Andhra Pradesh region

The new project by Elon Musk entails creating a sizeable language model like those used in other generative AI systems such as OpenAI's ChatGPT