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ETtech Deals Digest: Startups raise $124 million this week, down 59% on-year

ETtech Deals Digest: Startups raise $124 million this week, down 59% on-year

Time of India5 days ago
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Startups raised around $123.9 million during the week of July 12 to 18, marking a 59% decline from the $307.7 million raised during the same period last year, according to data from Tracxn.However, the funding amount saw a rebound from the previous week, nearly doubling from $62.1 million.Deal activity, too, declined this week on a year-on-year (YoY) basis, with 26 transactions recorded during the period, compared to the 37 deals seen in the corresponding week last year.Digital payments firm PayU received a capital infusion of $35.1 million from its parent, Prosus , the Dutch-listed arm of South African technology investor Naspers.Quantum computing startup QpiAI raised $32 million in a funding round led by Avataar Venture Partners and India's National Quantum Mission.Healthtech startup Truemeds raised $20 million as part of a funding round from Peak XV Partners . The company has raised a total of $113 million to date, according to Tracxn.
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Stellantis to debut Leapmotor's EVs in South Africa this year
Stellantis to debut Leapmotor's EVs in South Africa this year

Time of India

time20 hours ago

  • Time of India

Stellantis to debut Leapmotor's EVs in South Africa this year

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Talent winning out at Indian gaming companies as focus shifts to high-end titles
Talent winning out at Indian gaming companies as focus shifts to high-end titles

Economic Times

timea day ago

  • Economic Times

Talent winning out at Indian gaming companies as focus shifts to high-end titles

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It recently unveiled its first title, E-Cricket, a big-budget 'AAA' game being developed in collaboration with Amazon Web Services (AWS), slated for launch in SuperGaming, currently expanding its team for its flagship Indus Battle Royale game, said while developers can earn through casual games like Teen Patti or Ludo, the challenge lies in finding talent motivated to build high-quality, technically complex titles.'A good gaming studio takes 10 years to be successful and to make a video game great, you have to assemble 20 different kinds of teams including engineering, narrators, art, music, servers, marketing. It is a task of complex coordination, and you can do it only with experience,' said founder and CEO Roby John. The company has hired over 25 professionals who previously worked at global studios like Ubisoft, indicating a trend of reverse brain drain, where experienced talent is returning to India to build homegrown IPs. 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Long road Despite growing optimism, scaling a game studio remains a long and capital-intensive top-tier talent, especially professionals with experience in console or PC gaming, continues to be a major casual games, building mid-core or AAA titles typically demands years of sustained investment before any meaningful returns are realised.'A lot of the talent that (in India) is experienced in casual games, and in simulation-based games. Also, there's product and live operations talent available for mobile games,' said Anuj Tandon, partner at Bitkraft Ventures. 'But what's largely missing from India is the experience in certain genres, game designers and very specific technical talent. There's a lot of young, fresh talent, but the experience level is missing.' AI's growing role At the same time, artificial intelligence is starting to play a key role in reducing development timelines and production costs. 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FX steady, stocks higher as markets await trade progress, rate decisions
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time2 days ago

  • Mint

FX steady, stocks higher as markets await trade progress, rate decisions

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