An undisclosed sum of money has been invested in Delhi-based startup TraqCheck by sustainability fund Caret Capital and cofounder of Lenskart Peyush Bansal's family office, Culture Cap. The corporate technology venture plans to improve its operating efficiency with the additional capital. The AI-based startup TraqCheck is valued at $9 million with this recent investment, according to a statement from...

The University of Massachusetts Chan Medical School and the MITRE Corporation will collaborate to manage the Health AI Assurance Laboratory thanks to a $555,000 grant from the Technology & Innovation Ecosystem Awards Program in Massachusetts and a private sector match, the MassTech Collaborative announced on Wednesday. WHY IT IS IMPORTANT According to the collaborative, the lab's objectives are to...

Drone manufacturer Garuda Aerospace announced on Wednesday that it has secured the first order from ISRO for the supply of its state-of-the-art quadcopter drones. With AI and ML capabilities, the quadcopter drones will greatly increase productivity throughout the space agency's operations, which is based in Bengaluru. According to a press statement from the city-based drone manufacturer, Garuda Aerospace, ISRO...

Hurun Global Unicorn Index 2024 shows that India has 67 unicorns as of right now, down from 68 unicorns this time last year. However, it claimed that India was the nation that produced the greatest number of offshore unicorns, having co-founded 109 unicorns outside of India as opposed to 67 within. According to the research, "India's start-up ecosystem has...

Six sustainability-focused firms that aired on Season 3 of Shark Tank India have received funds from the DBS Foundation. They were honored for their dedication to the "double bottom line," which combines achieving financial success with beneficial social or environmental effects. The season was co-powered by Sony Entertainment Television and DBS Bank India. The incentives, which ranged from Rs...