India startup funding slides 68% after Tiger and SoftBank make virtually no deals

India startup funding slides 68% after Tiger ...

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Clean tech startup Fluxnium found a way to tap 50,000 years’ worth of nuclear fuel; plus, Hang Ten Systems nabbed another $53m

Fluxnium's fibers can extract uranium directly from seawater, which has enough of the nuclear fuel to power thousands of generations. Also, Hang Ten is a Palo Alto startup and says it has landed multiple seven-figure enterprise contracts within months of launch. Learn more about ...  Show more

Early Anthropic hire, former METR COO have found a way to rein in rogue AI agents; plus, health benefits platform Thatch reaches $1B valuation

Their startup, Artificial Intelligence Underwriting Company (AIUC) has raised $40 million in a Series A round led by Ribbit Capital, with participation from First Harmonic. Also, Thatch is a five-year-old startup and the company raised $108 million from The General Partnership, I ...  Show more

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Is the startup party over in India?
WorklifeIndia

India’s startup ecosystem is among the largest in the world, and it has grown exponentially in the last six years. Government data puts the number of recognised startups in the country at more than 70,000 this year – from less than 500 in 2016. But now funding is drying up, and i ...  Show more

Startups Are Shutting Down!
Patrick Boyle On Finance

Send us a textBig startups are shutting down. More than 3000 private venture backed startups failed in the last year. Of the startups raising money, 19% were funded at a lower valuation than in prior funding rounds. 38% of VCs disappeared from dealmaking last year and more than a ...  Show more

Seed of doubt: venture capital tightens up
The Intelligence from The Economist

A slump in tech is driving investors to <a href="https://www.economist.com/leaders/2023/03/02/the-tech-slump-is-encouraging-venture-capital-to-rediscover-old-ways?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.t ...

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India’s middle-class debt crisis
FT News Briefing

Nvidia says it expects to take a $5.5bn blow as the US clamps down on the Silicon Valley group’s ability to export artificial intelligence chips to China, and PwC is exiting 12 countries. Plus, the junk bond market has basically ground to a halt, and India’s middle class is deali ...  Show more