peak xv

Tiger Global, Other Investors Ask Indian Government to Reconsider Online Gaming Tax, Cite Investment Risk

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[ad_1] Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28 percent gaming tax, saying the levy would adversely impact $4 billion (roughly Rs. 32,811 crore) in prospective investments, a letter showed. India last week announced the tax on the funds … Read more

AI4Bharat Researchers Said to Raise $12 Million Funding From Peak XV, Lightspeed

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[ad_1] Researchers at India’s AI4Bharat are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI‘s ChatGPT dazzled users with its ability to engage … Read more

Microsoft-Backed AI4Bharat Said to Raise $12 Million Funding From Peak XV, Lightspeed

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[ad_1] Researchers at AI4Bharat, a start-up backed by Microsoft, are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI‘s ChatGPT dazzled users with its ability to … Read more