Anushka Singh
Anthropic is finalising a $1.5-billion joint venture with multiple Wall Street firms, including Blackstone and Goldman Sachs, to sell AI tools, The Wall Street Journal reported. Blackstone and Hellman & Friedman may anchor the deal and invest about $300 million each. Goldman Sachs is also set to be a founding investor, expected to invest about $150 million.
May 4th, 2026

Mansi Agarwal
OpenAI has raised over $4 billion for a new joint venture that will help businesses adopt its AI technology, Bloomberg reported. The new venture, called The Deployment Company, is valued at around $10 billion. It is backed by 19 investors, including TPG Inc, Brookfield Asset Management, Advent, SoftBank Group and Bain Capital.
May 4th, 2026

Ishaan Mukherjee
Fintech startup Novio has raised ₹100 crore in a series A funding round led by Cornerstone Ventures. The firm offers credit cards against an FD, with the facility of UPI payments and plans to issue 50 lakh such cards over three years. The company said it will use the capital for scaling its distribution network, especially into Tier II cities.
May 4th, 2026

Anushka Singh
OpenAI failed to report violent ChatGPT users to law enforcement despite employees raising concerns, The Wall Street Journal reported. Disagreements arose during a meeting where staff reportedly pushed to alert authorities more frequently than the 15 to 30 cases the AI startup typically refers every year. The firm's legal team argued for users' privacy to be upheld, the report added.
May 4th, 2026

Mansi Agarwal
Elon Musk contacted OpenAI President Grog Brockman two days before their trial to explore a possible settlement, according to a court filing. Brockman suggested both sides drop their claims. Responding, Musk allegedly said, "By the end of this week, you and Sam [Altman] will be the most hated men in America. If you insist, so it will be."
May 4th, 2026

Jessica Rajan
Five premium consumer startups across categories, from cookware to fashion and accessories, are in talks to collectively raise over ₹750 crore, Moneycontrol reported. Bergner India is eyeing ₹250 crore, while DailyObjects may raise ₹300 crore. Comet is nearing a ₹150-crore round, and Kisah may raise ₹50 crore. Theater XYZ is also in talks to raise ₹50 crore.
May 4th, 2026

Rosier Foods has secured funding from Aman Gupta through SailThru Ventures, backing its focus on Vedic nutrition and A2 ghee. Founded by Gaurav Taneja and partners, the brand is expanding its farm-to-table model. With INR 100 crore ARR and steady margins, it will invest in sourcing, product growth, and distribution amid rising demand for clean-label foods.
May 4th, 2026

Jessica Rajan
Electric two-wheeler maker Ather Energy reported a 74% rise in revenue from operations to ₹1,175 crore in Q4 FY26, up from ₹676 crore a year ago, driven by higher volumes and market share gains. Its net loss narrowed 57% to ₹100 crore from ₹234 crore in the year-ago period. It competes with the likes of Ola Electric.
May 4th, 2026

Anushka Singh
Space technology firm Pixxel on Monday announced that it will develop India's first orbital data centre satellite, Pathfinder, with Sarvam AI. Pixxel will design, build, launch and operate the satellite, while Sarvam AI will provide the AI backbone. Unlike conventional satellites, the Pathfinder satellite will host datacentre-class GPUs similar to on-ground data centres, Pixxel said.
May 4th, 2026

Mansi Agarwal
Suyash Singh is the co-founder and CEO of GalaxEye, the startup that developed the world's first OptoSAR imaging satellite, launched on Sunday. An alumnus of IIT Madras, he founded Avishkar Hyperloop in 2017, a student team focused on hyperloop development. He later worked as a machine vision researcher at TCS before starting GalaxEye.
May 4th, 2026

Popular BizShortz
Ishaan Mukherjee
Anushka Singh
Recommended Topics