Business
October 18, 2024
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Eruditus bags $150 million funding at $3.1 billion valuation

Eruditus bags 0 million funding at .1 billion valuation

MUMBAI: Edtech startup Eruditus has raised a fresh $150 million in funding led by TPG even as the collapse of India’s biggest edtech startup Byju’s continues to deter investors from making heavy investments in the segment. The company’s existing investors SoftBank (through Vision Fund 2), Accel, Chan Zuckerberg Initiative, Leeds Illuminate and CPP Investments also […]

Technology
October 01, 2024
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SoftBank to Invest $500 Million in OpenAI: Report

SoftBank to Invest 0 Million in OpenAI: Report

Japanese telecom company SoftBank’s Vision Fund will invest $500 million (roughly Rs. 4,190 crore) in OpenAI’s latest funding round, The Information reported on Monday, citing a person familiar with the deal. SoftBank declined to comment, while OpenAI did not immediately respond. The company at the heart of the Artificial Intelligence (AI) boom is raising $6.5 billion (roughly Rs. 54,478 crore) in the form of convertible notes, Reuters […]