Sycamore, a US-based agentic AI startup, on Monday announced that it has raised $65 million in its seed round. The round was led by Coatue and Lightspeed and saw investments from various angel investors, including Intel CEO Lip-Bu Tan and ex-OpenAI research chief Bob McGrew. Sycamore was founded by former Coatue investor Sri Viswanath, who left his VC role there.

Delhi-based fintech firm Bachatt on Tuesday said it has raised $12 million (₹112 crore) in its Series A funding round. The round was led by Accel with participation from Lightspeed, Info Edge Ventures and several existing investors. “We want to be a trusted financial partner for merchants and self-employed segment of the country," Founder Anugrah Jain said.

Nvidia on Tuesday said it has invested $2 billion in semiconductor developer Marvell Technology and announced a partnership to integrate its technologies. "Marvell will provide custom XPUs, while NVIDIA will provide the supporting technology and rack-scale AI compute," the latter said. Both firms will also partner to develop AI infrastructure in the telecommunications sector.

A Morpheus Research report alleged that MakeMyTrip's Alternate Trip option on its RedRail app, offering users a 3x refund on unconfirmed train tickets, is a dark pattern designed to deceive users. It only refunds the base fare, same as that of Indian Railways. The rest of the amount, which is twice the fare, is offered to users as a voucher.

Union Minister Ashwini Vaishnaw on Tuesday said that four semiconductor plants will be ready in the country by 2026. During the inauguration of Kaynes Semicon's OSAT plant in Gujarat, he said the first plant was inaugurated in February, and the third will be inaugurated in July. By 2032 the country will be among the top six semiconductor nations, Vaishnaw added.

UK's Competition and Markets Authority on Tuesday said it will launch an investigation into Microsoft's business software ecosystem in May. The regulator said its market investigation into cloud services found that Microsoft has a position of "significant market power". The investigation could allow the authority to act on "Microsoft’s use of software licensing reducing competition in cloud".

A satellite from Elon Musk-owned Starlink network broke apart in space on Monday, due to an on-orbit anomaly. Further analysis confirmed Starlink satellite 34343 broke into multiple pieces in space, in a fragmentation event. The issue, which led to the complete loss of communication, was detected at an altitude of about 560 km above Earth.

Bengaluru-based startup Gnani.ai, which is part of the IndiaAI Mission, has raised about ₹93.9 crore as part of its series B funding round. The round was led by Aavishkaar Capital and saw participation from existing investors Info Edge Ventures. The startup builds voice-first AI applications in more than 12 languages, operating in sectors like telecom, banking and government.

The Finance Ministry on Monday said that 99.92% of villages in the country are covered with banking outlets located within a radius of 5 km. This is based on data uploaded by banks on the geographic information app Jan Dhan Darshak (JDD), the ministry added. Villages in Dadra and Nagar Haveli have a 100% coverage, according to the data.

Netherlands-based Magnum Ice Cream Company has completed its acquisition of a 61.9% majority stake in frozen dessert brand Kwality Wall's. The deal transfers promoter control to Magnum Ice Cream from the Unilever group. "The transaction combines [Magnum's] global brand strength and innovation capabilities with [Kwality Wall's] strong local heritage," Magnum Ice Cream CFO Abhijit Bhattacharya said.