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Funding News
SiliconCanals
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Topgolf founders raise €29M to launch Poolhouse to reinvent the pool with interactive venues
- London-based Poolhouse has raised €29M in seed funding round to launch its tech-enabled pool entertainment business.
- Investors include Sharp Alpha, dmg ventures, David Blitzer, Simon Sports, Active Partners, and Emerging Fund.
- The funds will be used to roll out Poolhouse venues, starting with a 21,500 sqft site in London.
- Poolhouse aims to reinvent the game of pool with interactive venues and a diverse library of interactive pool games.
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Global Fintech Series
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50
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Snapdocs Study Finds 90% of Lenders Offer Digital Closings, Yet Only 14% Achieve High Adoption
- 90% of mortgage lenders now offer digital closings, according to a study by Snapdocs.
- Only 14% of lenders with eClosing technology close more than 80% of their loans digitally.
- The top benefits of eClosing technology include improved borrower satisfaction, greater staff efficiency, and fewer errors on closing documents.
- Barriers to adoption include high technology costs, lack of stakeholder usage, and technology issues.
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Global Fintech Series
2d
89
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Ideem Raises $2.4MM Seed Round to Make 2FA Easy and Invisible for Users and Payments
- Ideem, a company rethinking how users complete payments online, raised a $2.4MM Seed funding round.
- The funding will accelerate Ideem’s mission to remove the friction, fraud, and costs in today’s mobile payment flows.
- Ideem's solution replaces outdated methods with a fast, seamless, and secure experience for mobile-first commerce platforms.
- With the new funding, Ideem plans to scale its partnerships across rapidly digitizing markets.
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Bloomberg Quint
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370
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JEE Main Session 2 Result 2025: Know Date, Time, Official Website And What’s Next
- The National Testing Agency (NTA) is expected to release the results for the Joint Entrance Examination (JEE) Main 2025 Session 2 on or before April 17.
- Once declared, candidates can access their scorecards through the official portal jeemain.nta.nic.in.
- The Session 2 Paper 1 exam for BE/BTech courses was conducted on Apr. 2, 3, 4, 7 and 8 at 531 centers in India and overseas.
- Candidates who pass the JEE Main 2025 will be eligible for admission to NITs, IIITs, GFTIs, and other institutions through the JoSAA counseling process.
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Medium
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362
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The Founder’s Guide to Term Sheets
- Term sheets are like Tinder profiles - everyone looks good at first glance, but there's fine print to watch out for.
- Reading and understanding term sheets is important to secure a favorable outcome for startup founders.
- This article offers a founder-first explanation of important term sheet clauses.
- The intention is to empower startup founders with knowledge and provide insight on when to seek legal help.
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Bloomberg Quint
2d
308
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AAP MLA Kulwant Singh, Rajasthan Congress Leader Khachariyawas Premises Raised By ED
- The Enforcement Directorate (ED) raided the premises of Rajasthan Congress leader and former minister Pratap Singh Khachariyawas and Punjab AAP MLA Kulwant Singh as part of a money laundering probe.
- Around 15 premises, including Khachariyawas' house in Jaipur and Singh's premises in Punjab's Mohali, are being searched by the ED.
- A security team of the CRPF has been deployed with the ED teams at both locations.
- The investigation is related to a Rs 48,000-crore PACL Ponzi fraud and alleged proceeds of crime are suspected to have been diverted to entities linked to Khachariyawas.
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Economic Times
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29
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Drone startup Garuda Aerospace secures Rs 100 crore funding from Venture Catalysts at $250 million valuation
- Drone startup Garuda Aerospace raised Rs 100 crore in series B funding from Venture Catalysts.
- The company plans to enhance drone manufacturing capabilities and scale up production facility.
- Garuda Aerospace aims to advance both civilian and defence drone innovations.
- The Chennai-based company operates a fleet of 400 drones and has served over 750 clients, including Tatas, Adani, and government agencies.
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Bloomberg Quint
2d
663
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Capacit'e Infra Shares At Nearly Three-Month High On Mumbai Order Win
- Shares of Capacit'e Infraprojects rose over 3% after receiving a Letter of Intent for construction of a building in Mumbai.
- The order from Indus Co-Operative Housing Society is worth Rs 295 crore.
- Earlier this year, Capacit'e Infra had received a Letter of Award from NBCC (India) Ltd. for a total contract value of Rs 1,320 crore.
- Shares of Capacit'e Infraprojects rose as much as 3.18% to Rs 382.70 apiece, the highest level since Jan. 20.
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Bloomberg Quint
2d
249
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Six Stocks In Focus At Noon: Mahanagar Gas, Gensol, Ireda, And Others
- Mahanagar Gas Ltd. experienced a sharp decline in its share price, falling over 6% on Wednesday. Gensol Engineering Ltd.'s share price plummeted to an all-time low on Wednesday, hitting the 5% lower circuit limit. Shares of Indian Renewable Energy Development Agency Ltd. surged by 7.50% following the release of its earnings report. IndusInd Bank Ltd.'s share price rose by 2.46% after an external report revealed a financial impact of Rs 1,979 crore. HDFC Bank's share price reached an all-time high on Wednesday, trading 1.01% higher at Rs 1,883.80.
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Bloomberg Quint
2d
27
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Sam Altman’s OpenAI Could Launch Social Network To Rival Mark Zuckerberg’s Instagram, Elon Musk’s X
- OpenAI CEO Sam Altman is considering launching a new social network to compete with Mark Zuckerberg’s Instagram and Elon Musk’s X.
- An internal prototype of the social network, focusing on ChatGPT's image generation, is reportedly in place.
- Altman's rivalry with Musk could escalate if the social network is integrated with ChatGPT, as Musk previously offered to buy OpenAI.
- OpenAI's entry into the social networking space may also lead to a more direct competition with Meta.
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Bloomberg Quint
2d
250
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New ChatGPT Feature Lets You Revisit Every AI Image You’ve Made — Here’s How It Works
- OpenAI has rolled out a new image library in ChatGPT, letting Free, Plus and Pro users access and manage all their AI-generated visuals in one place.
- The feature will streamline how users interact with and revisit the visuals they've created using ChatGPT’s image tools.
- Users can now find a “Library” tab in the ChatGPT sidebar, where tapping on it reveals a visual grid of previously generated images.
- The addition of the image library comes after the release of OpenAI’s advanced GPT-4o-powered image generation tool.
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Bloomberg Quint
2d
792
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Infosys Q4 Results Preview: Profit And Margins Likely To Decline, Guidance Expected To Be Muted
- IT services major Infosys is expected to record muted fourth quarter results, with a decline in profit and margins.
- Revenue for the company is expected to rise marginally at 1% sequentially to Rs 42,126 crore for the quarter ended March 31, 2025.
- Net profit may decline 2% to Rs 6,697 crore.
- Infosys may provide guidance for FY26.
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Bloomberg Quint
2d
485
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Indian Organisations Accelerate Gen AI Adoption, But Poor Data Quality Remains A Challenge: Research
- Generative artificial intelligence (AI) adoption in India is rapidly accelerating, with AI spending expected to grow at 35% annually, reaching $9.2 billion by 2028.
- Indian enterprises face challenges related to poor data quality while adopting AI technologies, highlighting the need for better data quality, governance, and cloud migration.
- India is emerging as a global AI powerhouse, with 36% of enterprises using generative AI and 46% planning investments within 12-24 months.
- Cloud migration is a priority for Indian enterprises, with 51% deploying AI solutions in the cloud, and 80% considering it essential for AI success.
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Bloomberg Quint
2d
121
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Leaked: Foldable Apple iPhone’s Under-Display Camera, Resolution, Display Size
- According to a leaked claim, the foldable Apple iPhone may have an under-display camera for Face ID.
- The rumored iPhone Fold could have a 7.76-inch inner panel with a resolution of 2,713x1,920 pixels and under-screen camera technology.
- The device may also feature a 5.49-inch outer display with a resolution of 2,088x1,422 pixels and a punch-hole camera.
- The foldable iPhone is expected to launch in 2026 or 2027, with a premium price tag of about $2,000.
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Bloomberg Quint
2d
34
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Sharp Inflation Drop Prompts Economists To See RBI Terminal Rate At 5.25%
- Economists expect the Reserve Bank of India to lower its terminal repo rate to 5.25% in 2025, due to falling inflation and stable global risks.
- Retail inflation in March eased to a six-year low at 3.3%, driven by a sharp drop in vegetable prices.
- Analysts forecast further rate cuts in the upcoming months, with a consensus for a more dovish stance.
- Nirmal Bang projects cumulative rate cuts of 100 basis points in 2025, with cuts likely in June and August.
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