AI startup Databricks seals $10b funding with participation from GICThe round was led by Joshua Kushner’s Thrive Capital.

Databricks has secured a $62 billion valuation after raising $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for AI-focused startups. The round, led by Joshua Kushner’s Thrive Capital, drew investments from elite firms, including Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM Investment Management. Existing… Continue reading AI startup Databricks seals $10b funding with participation from GICThe round was led by Joshua Kushner’s Thrive Capital.

Chinese LLM unicorn Zhipu AI pockets over $411mLegend Capital re-upped in the fresh round.

Beijing-based Zhipu AI, one of China’s top large language model (LLM) startups, has pocketed 3 billion yuan ($411.8 million) in its latest funding round roping in state capital investors and strategic backers, whose names were not disclosed. Existing shareholders including Legend Capital, which is affiliated with Legend Holdings, also re-upped in the fresh round, according… Continue reading Chinese LLM unicorn Zhipu AI pockets over $411mLegend Capital re-upped in the fresh round.

Carraro India sets price band for downsized IPOThe company is seeking a valuation of $471m at the upper end of the IPO price range.

Carraro India has set a price band of 668 rupees to 704 rupees per share ($7.87-$8.29) for its downsized $147 million initial public offering, a newspaper advertisement showed on Tuesday. Carraro India, a unit of Italian vehicle transmission systems manufacturer Carraro International, makes axles and transmission systems for agricultural tractors and construction vehicles in India.… Continue reading Carraro India sets price band for downsized IPOThe company is seeking a valuation of $471m at the upper end of the IPO price range.

Nuveen secures $100m private capital mandate from South Korean pension managerThe mandate tapped Nuveen’s US private capital specialist Churchill Asse…

Property investment manager Nuveen announced that it has secured a $100-million private capital mandate from the Government Employees Pension Service of South Korea (GEPS). Nuveen, a $1.3 trillion global asset manager, said the mandate tapped its US private capital specialist, Churchill Asset Management, for the investment that will focus on US junior capital and private… Continue reading Nuveen secures $100m private capital mandate from South Korean pension managerThe mandate tapped Nuveen’s US private capital specialist Churchill Asse…

Singapore’s Tyme Group raises $250m, becomes first SE Asian unicorn of 2024The Series D funding was led by Brazil’s Nubank.

Singapore-based digital banking group Tyme has become the first startup from Southeast Asia to enter the unicorn club this year after raising fresh funding at a valuation of $1.5 billion. The fintech startup has raised $250 million in an oversubscribed Series D round led by Brazilian neobank Nubank, which injected $150 million, according to a… Continue reading Singapore’s Tyme Group raises $250m, becomes first SE Asian unicorn of 2024The Series D funding was led by Brazil’s Nubank.

India’s Sterlite Power raises $86m from GEF Capital Partners, ENAM HoldingsThe GPS business was hived off as part of Sterlite Power’s demerger exercis…

Sterlite Power, backed by metals magnate Anil Agarwal’s Vedanta Group, on Monday announced raising Rs 725 crore ($85.5 million) for its Global Products and Solutions (GPS) business from GEF Capital Partners and ENAM Holdings. The GPS business was hived off as part of Sterlite Power’s demerger exercise in October, making this the first fundraise for… Continue reading India’s Sterlite Power raises $86m from GEF Capital Partners, ENAM HoldingsThe GPS business was hived off as part of Sterlite Power’s demerger exercis…