Page 7 - Alpha Wave News Today

Oura has alleged that Ultrahuman copied its technology and accessed proprietary information. It accused the Indian company of violating patents and copyrights in developing its fitness ring, which was launched in 2022.

BharatPes embattled cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi airport from travelling to New York. This and more in todays ETtech Top 5.

UAE-based Alpha Dhabi Holding has reported robust financial results for the first nine months with a 29% increase in net profit surging to AED11.6 billion ($3.2 billion) mainly due to a combination of organic expansion and strategic acquisitions.

Alpha Dhabi's diversified portfolio has been a major driver behind the growth in revenue

Aye Finance, a non-bank lender, aims to increase its borrowing by 70% to Rs 3,400 crore in FY24 compared to Rs 2,000 crore in FY23. The company has already raised Rs 2,100 crore of debt and is confident of meeting its target. It has secured funds from both global and Indian banks and financial institutions.

The company does not need additional capital for its pivot. Most of the $37 million that Virgio raised last year remains in the company’s bank account and gives the company a cash runway of three years, per Nagaram.

Virgio, a fashion ecommerce set up by former Myntra CEO Amar Nagaram, will pivot from fast fashion to sustainable fashion.

A set of around two dozen investors and their representatives shall go through elevator pitches made by a curated set of startups in the Delhi ......

This week, the Indonesian government prohibited social commerce players from making direct transactions on social media platforms.

Avalyn Pharma aims to improve treatment of Idiopathic pulmonary fibrosis with inhalable versions of two older oral drugs and it’s now headed for mid-stage testing backed by a Series C financing. Other recent biotech industry financings raised money for research in cancer, immunology, and rare genetic diseases.