OneIM Expands to $8 Billion, Plans New Delhi Office

Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go:

𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳

𝟏. 𝐆𝐫𝐨𝐰𝐰’𝐬 𝐀𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐁𝐚𝐬𝐞 𝐂𝐥𝐢𝐦𝐛𝐬 𝐎𝐯𝐞𝐫 �...

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.

The Deal:

• Rare instance of cons...

Zepto is reportedly looking to raise $300 Mn from domestic investors.

The family offices of Manipal Group’s Ranjan Pai, Mankind Pharma’s Ramesh and Rajeev Juneja, and Cipla will be joining the quick commerce major’s funding round.

Bol...

• OpenAI has secured $6.6bn in new funding and is now valued at $150bn, the highest in Silicon Valley's history.
• The company has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI.
• OpenAI's move to...