Info Edge has invested ₹1,003 crore in 54 AI and deeptech startups since 2020, according to its latest shareholder letter. The portfolio, which includes 28 AI ventures and 30 deeptech firms, is now valued at ₹1,827 crore. Founder and vice chairman Sanjeev Bikhchandani said the company sees AI, deeptech and consumer technology as key drivers of future growth.

Cyber resilience startup Mitigata has raised $15 million in a funding round led by Bessemer Venture Partners, with backing from existing investors. The company serves over 800 organisations across sectors such as banking, healthcare, manufacturing and technology. The fresh capital will be used to enhance its AI-driven cybersecurity offerings and support international expansion.

US-based AI unicorn Glean's Indian-origin Founder Arvind Jain has said that Americans who are leaving their country in record numbers are making a "big mistake", Fortune reported. While noting "some challenges", he asserted, "I think it remains the land of opportunity." "If you have an idea, you will find people who will be willing to invest in you," he added.

US-based AI startup Legitt's Indian-origin Founder Harshdeep Rapal questioned why Kunal Shah was leaving IPO-bound CRED to work as WhatsApp's global CEO. "On second thought, what would make a founder- running a...startup that he has put blood and sweat to build, leave...for Meta?" Rapal said. "It's a different challenge," a user said, with another adding, "It may be a 'tech-itch'."

CRED Founder Kunal Shah, WhatsApp's new global CEO, is the latest Indian-origin executive to lead a global technology company. IIT Kharagpur graduate Sundar Pichai heads Google and Alphabet, while Satya Nadella leads Microsoft. Other prominent Indian-origin CEOs include Shantanu Narayen at Adobe, Neal Mohan at YouTube, Arvind Krishna at IBM, Asha Sharma at Xbox, and Sanjay Mehrotra at Micron.

The CBI has arrested former Reliance Commercial Finance CEO Devang Mody and former Reliance Home Finance CEO Ravindra Sudhalkar in separate bank fraud cases. The agency alleges the two companies caused losses of ₹7,623 crore to multiple public sector banks. RCFL is accused of causing losses of ₹4,097 crore, while RHFL allegedly caused losses of ₹3,526 crore.

World Leaks, which previously claimed responsibility for a Nike break-in, said it's publishing stolen Tata Electronics data, which reportedly affected Apple and Tesla. The leaked data comprises two lakh files totalling 630+ GB, including files titled "com.apple.factorydata" and some referring to "material specification". Emails, event logs and employees' passport copies were also leaked.

Meta has announced the appointment of CRED Founder Kunal Shah as the global CEO of WhatsApp as it invests ₹8,500 crore in the fintech startup. Shah's unofficial net worth stands at about ₹15,000 crore, or roughly $2 billion, as per Mashable. This comes as Meta now owns a 20% stake in CRED, valuing the company at $4.5 billion.

Shares of Elon Musk-led SpaceX plunged another 16% on Monday, extending their losing streak for the third straight session. With this fall, SpaceX has wiped out $600 billion in market capitalisation, dragging down the net worth of Musk. The wipeout is nearly three times the combined wealth of India's richest businessmen Mukesh Ambani and Gautam Adani.

The 60-day waiver granted by the US for Iranian oil sales is likely to benefit India, as it may provide the country access to another major source of oil. The additional global supply of oil could also help moderate crude prices and save billions of dollars in imports for India. This could potentially result in lower oil prices for consumers.