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Hello,India’s IPO season remains as robust as ever, with two companies in the spotlight this time: Aye Finance and Fractal Analytics. Aye Finance Ltd.’s Rs 1,010 crore IPO attracted bids exceeding the issue size in value terms, even as the share sale was subscribed 97% based on total shares bid on the final day on Wednesday. Qualified institutional buyers (QIBs) led the demand, whose portion was subscribed 1.5 times.Meanwhile, Fractal Analytics also closed the final day of bidding for its $314 million offering fully subscribed. QIBs led the subscriptions here too, bidding for 2 times the number of shares offered, while the portions allotted for retail and non-institutional investors were subscribed 77% and 45%, respectively.Meanwhile, the rift between Bitcoin and stocks grows, with the cryptocurrency declining while US equities rallied after a stronger-than-anticipated US jobs report.In fact, Coinbase Global CEO Brian Armstrong, whose fortune has dropped by more than half since July, is no longer among the world’s 500 richest people amid tumbling crypto prices, according to a Bloomberg report.Moving on, is fibre the new protein? From TikTok “fibermaxxing” tutorials to fibre-enriched bars and sodas, industry experts have predicted high-fibre foods will be a major trend this year.  In today’s newsletter, we will talk…  ​Read More​YourStory RSS Feed

Deeptech startups in India are now coming into global prominence. The sector’s success largely owes itself to science & engineering talent, and the 117-year-old academic institute that has imbibed these elements to build an ecosystem that nurtures these kinds of founders.Within the Indian Institute of Science (IISc), the Foundation for Science Innovation and Development (FSID), which was formally incorporated in 2020, has been engaged with deeptech startups in the country, enlarging the scope of its activity each year. The core philosophy driving FSID aligns with that of IISc.“It is always about taking the know-how developed on the campus (IISc) to the outside world. The second part is that it should somehow be relevant to the immediate world around us,” says Prof Balan Gurumoorthy, Director - FSID, in an interview with YourStory.Given the depth and breadth of IISc in the varied disciplines of science and engineering, deeptech startups would easily fit into its groove. Gurumoothy highlights the path of a deeptech startup —science, technology, engineering, and finally, the product.“Our definition is very simple, you know, which is that anything where the offering is based on unique or new science. Then we say, that is our game where we would like to…  ​Read More​YourStory RSS Feed

Healthtech-focussed VC firm W Health Ventures has marked the first close of its second fund at ₹550 Cr ($60.6 Mn),…

National Investment and Infrastructure Fund (NIIF) yesterday exited Ather Energy by selling its entire 1.92% stake in the EV company…

Nodal space body Indian National Space Promotion and Authorization Centre (IN-SPACe) yesterday said that it has selected three homegrown startups…

SoftBank-backed SaaS unicorn Icertis is reportedly exploring a potential sale, which could value the company at up to $5 Bn.…

Update | February 11, 20:08 IST Fractal Analytics’ IPO ended the final day of bidding with an oversubscription of 2.66X.…

Update | 19:10 IST Aye Finance’s public issue ended final day of bidding with an undersubscription, with investors bidding for…

SteamPRO, India’s first bath-tech company, has raised ₹3.8 crore in seed funding in a round co-led by Anicut Capital, Zeropearl VC, D2C Insider Super Angels...

As AI chatbots become more common, many internet users now rely on multiple conversational platforms every day to handle questions and tasks. A common frustration, however, is that when users switch from one chatbot to another, they usually have to restart their conversations from the beginning because previous chat histories do not carry over. Growing Use of AI Chatbots Highlights Frustration Over Lost Conversation History Google is reportedly experimenting with a new feature for its AI assistant, Gemini, that may allow users to bring in conversations from other major chatbots such as ChatGPT, Claude, Microsoft Copilot, and others. A report by TestingCatalog revealed that a new option has appeared inside Gemini’s attachment menu, suggesting that users may soon be able to transfer entire chat threads into the platform. Google reportedly labels this option as “Import AI chats,” and the feature would let users export their conversations from another AI service, upload the file into Gemini, and continue the discussion without losing previous context or shared media. Gemini May Soon Retain Context from Chats Imported from Other AI Platforms This system would allow Gemini to reference earlier discussions that originally took place in another chatbot, preserving both the information exchanged and…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups