Trending Startup’s News – 21 July 2023

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Apple reportedly set to challenge OpenAI with “AppleGPT”

Apple is reportedly working on its own large language model (LLM) called “AppleGPT”. The LLM is said to be similar to OpenAI’s ChatGPT, which is a powerful tool that can be used for a variety of tasks, such as generating text, translating languages, and writing different kinds of creative content.

Indian Edtech Startup Scaler Unveils Teaching Assistant Powered by GPT-4

Indian edtech startup Scaler has unveiled a teaching assistant powered by GPT-4, the latest version of OpenAI’s language model. The AI teaching assistant is designed to help learners with their coursework by providing them with 24/7 support.

Mom and baby care brand SuperBottoms raises funding from actor Alia Bhatt

Mom and baby care brand SuperBottoms has raised an undisclosed amount of funding from actor Alia Bhatt. The funding round was led by Blume Ventures, with participation from other investors such as Sixth Sense Ventures, Fireside Ventures, and Good Capital.

VR learning platform Metabook XR raises undisclosed seed funding

Metabook XR, a virtual reality (VR) learning platform, has raised an undisclosed seed funding round. The round was led by Blume Ventures, with participation from Tracxn Labs, Good Capital, and angel investors such as Akash Sinha (Founder, CRED), Kunal Shah (Founder, Freecharge), and Sahil Barua (Founder, Snapdeal).

PingSafe Raises $3.3 Million in Seed Funding led by Peak XV Partners

PingSafe, a Bangalore-based cybersecurity startup, has raised $3.3 million in seed funding led by Peak XV Partners. The round also saw participation from angel investors including PhonePe co-founder and CTO Rahul Chari, SquareX founder Vivek Ramachandran, Tata 1mg co-founder and CTO Gaurav Agarwal, and others.

Dusminute Raises INR 11.5 Crore in Bridge Round Led by Inflection Point Ventures

Dusminute, a hyperlocal grocery-store and managed services company, has raised INR 11.5 crore in a bridge round led by Inflection Point Ventures. The round also saw participation from existing investors such as angel investor and banker Bandana Kankani.

Cash Crunch Leads Dunzo to Delay Salary Payouts for the Second Time

Dunzo, a quick commerce startup, has delayed salary payouts for its employees for the second time in a month. The company has cited a cash crunch as the reason for the delay.

Indian EV startup partners with Saudi Venture Studio

Pravaig Dynamics, an Indian electric vehicle (EV) startup, has partnered with Saudi Venture Studio (SVS) to explore opportunities in the Middle East. The partnership will see the two companies work together to develop and launch EV products in the region.

Unicommerce records 50% revenue growth in FY23 on back of international expansion

Unicommerce, a supply-chain SaaS startup, has recorded a 50% revenue growth in FY23. The company’s international business revenue registered a growth of 200% in the past financial year.

Gushwork.ai, which enables an on-demand remote workforce for SMBs, raises $2.1 million round led by Lightspeed

Gushwork.ai, a startup that enables small and medium businesses (SMBs) to access an on-demand remote workforce, has raised $2.1 million in a seed funding round led by Lightspeed Venture Partners. The round also saw participation from B Capital, Sparrow Capital, Seaborne Capital, and Beenext.

Telangana’s IT Minister KTR Paves the Way For Student Entrepreneurs With FoundersLab Inauguration

Telangana’s IT Minister K.T. Rama Rao (KTR) inaugurated the FoundersLab, a student-led startup accelerator, on July 20, 2023. The accelerator is a joint initiative of the Telangana government and the National Academy of Entrepreneurship (NAE).

Swiggy builds generative AI offering personalized recommendations

Swiggy, a food delivery startup, has built a generative AI that offers personalized recommendations to its users. The AI, called Swiggy Genie, uses a variety of factors to generate recommendations, including the user’s past order history, location, and dietary preferences.

India’s IOC Signs Multi-Billion Dollar LNG Import Deal With UAE Firm

India’s Oil and Natural Gas Corporation (IOC) has signed a multi-billion dollar deal to import liquefied natural gas (LNG) from a UAE firm. The deal is for the import of 5 million tonnes of LNG per year for 25 years.

Pristyn Care suspends Lybrate founders after 12 months of its acquisition

Pristyn Care, a healthtech startup, has suspended the founders of Lybrate, a digital health platform, after 12 months of its acquisition. The founders, Rahul Narang and Saurabh Arora, have been suspended for alleged “non-performance” and “breach of trust.”

Article By CA Pankaj Dara

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