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Hocco funding: Ice cream brand Hocco secures Rs 100 crore, valuation hits Rs 600 crore

Ahmedabad s Hocco has secured fresh funding of Rs 100 crore (approximately $12 million). Led by the founding Chona family and existing investor Sauce VC, the round valued Hocco at Rs 600 crore. The deal also attracted angel investors like Bollywood filmmakers Ritesh Sidhwani and Farhan Akhtar. The company projects revenue to reach Rs 200 crore by March 2025. ....

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Meta: Meta hit with privacy complaints over AI plans

A Vienna-based privacy group filed complaints against Meta in 11 European countries over unlawful AI data use. Microsoft announced a $3.2 billion AI investment in Sweden over two years, AMD unveiled new AI chips to challenge Nvidia, and Cisco plans a $1 billion investment in AI startups for secure AI services. ....

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data centres: Data storage cos in a sweat over need to stay cool

Data centers in western and northern India are facing rising operational costs due to soaring temperatures. Firms like Yotta and CtrlS are using alternative cooling methods and renewable energy, while ESDS reports a 10-12% rise in power costs due to erratic grid supply. Several of these data centres are located in New Delhi, Haryana, Noida. ....

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Flipkart IPO: IPOs of Walmart's Flipkart, PhonePe could take couple of years: Walmart executive

Walmart s Flipkart marketplace and PhonePe digital payments platform could have IPOs in the next couple of years, as stated by Walmart s executive, Dan Bartlett. ....

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public market debuts: Startups seek advice on IPO timing in choppy markets

Multiple new-age companies looking to go public are seeking counsel on their next moves in response to the stock market volatility following the general election results on Tuesday. These companies are looking for advice on the timing of their public listings even as they remain confident about India s macroeconomic prospects, founders, investors and investment bankers told us. ....

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