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More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.
The Bengaluru-based startup will use the fresh capital to strengthen its underwriting, actuarial, catastrophe modelling, and AI capabilities.
In its initial phase, the programme targets the creation and growth of nearly 4,000 rural enterprises over the next three years.
The new model was trained using tens of thousands of Nvidia GB300 GPUs.
With the new licence, Skydo can facilitate both incoming and outgoing payments between India and Canada, including local fund collections and payouts.
The agency has arrested Worldline India EVP for allegedly facilitating transactions linked to the Falcon Invoice Discounting fraud.
The ED had arrested the three founders on May 8 following searches at multiple locations linked to Gameskraft and its executives.
The acquisition is expected to bolster its position in the fast-growing AI coding market, where rivals Anthropic and OpenAI and Anthropic have gained significant traction.
New-age startup IPO class faces a reality check. Stocks have stumbled, yet early investors are cashing out.
With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses.
The ED also alleged that the gaming company used bots to play games against users without their knowledge, causing losses of about Rs 1,154 crore to players.
The case is linked to alleged illegal gains made through Gameskraft's real-money gaming apps, including RummyCulture and RummyTime.
The funding round was co-led by Sherpalo Ventures and Singapore's sovereign wealth fund GIC.
The urgency to form the task force comes in the wake of Anthropic's controlled rollout of Mythos under a programme called Project Glasswing.
Pathan has more than 14 years of experience in risk management leadership roles across banking, microfinance, insurance and financial services in India and the Middle East.
Kalinowski had joined OpenAI in November 2024 to develop AI-powered robotics and consumer hardware products.
BillDesk is one of the few major payment aggregators in the country with no offline play.
OpenAI also states in the filing that xAI was not able to provide them with documents offering conclusive proof that OpenAI's partnership with Apple gave competitors an unfair disadvantage in the market.
Today, we look at why India must urgently rewrite its copyright playbook in the age of OpenAI’s open seduction; and amid this two-week tech IPO carnival, who wins?
Behind flashy apps and jackpots lies a complex web of mule accounts, payouts, and payment tricks that move thousands of crores beyond the screen.
