The acquisition is expected to create synergies across the artist and influencer management and long-format video creation businesses of the two companies
As per the letter, the demand to impose licensing and cost obligations on OTTs is directly at odds with the Government of India's Startup India initiative
In an official release the company said it plans to use the new capital to grow its engineering team and continue to evolve its product to solve different parts of the design process
The company will deploy funding towards advancing its satellite subsystems by strengthening its talent pool and procuring essential electronic components for integration and comprehensive testing
The infusion of capital will be used towards fueling Zeron's ongoing research and development initiatives, advancing the frontiers of AI-powered cybersecurity, and expanding its global presence
The funding will be deployed towards building robust teams across product development, technology, analytics, and support functions like compliance and customer service
The funds will be used to further enhance the AI motion coach, making it available in local languages, and expanding the platform's reach in the MENA and North American regions
The funds will be allocated towards augmenting the manufacturing facility, acquiring machinery, tooling for the soon to be launched motorcycle, and to scale up the team
With this funding, NIKOL EV plans to strengthen its team with experienced professionals and establish a robust backend support system to facilitate business scaling
The minister highlighted the success of the Startup India initiative and stated that the nation has witnessed remarkable growth from 450 startups in 2016 to more than 1 lakh startups in 2023
The capital raised will be deployed for further developing its online platforms and strengthening community engagement to make India's youth industry-ready
The funding will be used to expand Autocracy's domestic and global distribution footprint, invest in R&D and build out a state-of-the-art industrial unit to enhance and streamline production