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The funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
Anupam Mittal founder of People Group and existing investor TDV Partners also invested in the funding round.
Zoho said the investment is intended to make ecommerce more open, accessible, and interoperable for small businesses across the country.
We looked at Suresh Sethi's appointment at Visa; Razorpay's repositioning ahead of IPO; and how partnerships with players like OpenAI are helping Indian IT firms stay in the game...
The new term will ease concerns nagging OpenAI after it had signed its up to $50-billion deal with Amazon earlier this year.
OpenAI has partnered with other Indian IT firms, including HCLTech and TCS, while Infosys has a separate collaboration with Anthropic.
OpenAI has been positioning ChatGPT as useful for business finance teams, so bringing in specialized talent makes strategic sense.
This will allow the developers on Codex to add payments system by enabling Razorpay's MCP Server while building an app.
SoftBank co-led the round with a16z, D. E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price Associates.
The round values the company at around $500 million.
Mani will join in June, relocate to Singapore, and report to Chief Strategy Officer Jason Kwon.
By February, downloads of Sora had dropped to about 1.1 million from the peak of 3.3 million in November last year.
The funding round saw participation from investors based in the US and India.
Kalinowski had joined OpenAI in November 2024 to develop AI-powered robotics and consumer hardware products.
The Sam Altman-led startup has also launched GPT‑5.4 Pro in ChatGPT and the API.
The Sam Altman-led AI startup also said that additional investors are expected to join as the round progresses.
Last year, OpenAI had partnered with another Indian fintech company Razorpay and NPCI to launch agentic payments on ChatGPT and explore AI-driven commerce in India.
In this edition, we write about ONDC, an experiment still thriving mostly inside Bengaluru's walls; and AGI timeline shifts.
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?
In today’s edition, we look decode the banking redux underway; and how AI companies are luring India’s billion internet users with “free” tools.
