Arenadata, a Russian developer of data collection and storage platforms, intends to launch an initial public offering (IPO) on the Moscow Exchange in 2024.
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2023 Year in Review: How money followed deeptech companies at tech’s frontier
Deeptech is a term for businesses using advanced science and technology to find solutions for complicated problems across over a dozen sectors. The year saw a steady increase in investor interest in high-tech innovation-focused companies.
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from Tech-Economic Times https://ift.tt/4pcRqG5
Flipkart marketplace arm’s revenue jumps 42% to Rs 14,845 crore in FY23, loss narrows 9%
Walmart-owned Flipkart runs its India business through various entities, and Flipkart Internet runs the marketplace where the firm earns its revenue in the form of seller commissions, advertising income, and other fees for seller services.
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from Tech-Economic Times https://ift.tt/Rm2x5Wb
2023 Year in Review: Secondary rounds may headline deal flow at startups next year too
Risk investors ET spoke with said secondary share sales are likely to continue in 2024, as the focus would be on the limited number of good assets where existing investors are looking to part-sell their stake.
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Emotion AI tools help savvy companies deepen user connect
Artificial intelligence has excelled in various areas and incorporation of emotional intelligence into machines is one such advancement, an expert said.
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from Tech-Economic Times https://ift.tt/dtcEYML
Apple in advanced talks with parts companies Aequs, Rayprus
Aequs makes high-quality toys, consumer durable goods and aerospace parts in India, US and France while Rayprus is a subsidiary of Taiwanese contract manufacturing giant Foxconn and makes high-quality precision camera and lens solutions.
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Startups write a $1.5-billion twist in winter’s tale
December brings the highest monthly fundraise of 2023, though the annual total is the lowest in 7 years.
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