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Oyo eyes $12-15B IPO valuation; Unacademy gets a breather Oyo is aiming for a valuation of $12-15 billion for its upcoming IPO, in which some investors will sell parts of their holdings. These won’t include Oyo’s founder Ritesh Agarwal, however, who is likely to hold on to his entire stake, sources told us.Also in this
Azhar Iqubal, the co-founder and CEO of online news aggregator InShorts, has transitioned to the role of chairman, while co-founder Deepit Purkayastha assumes the position of CEO. Iqubal expressed excitement for Purkayastha's leadership and the company's future growth. Established in 2013, InShorts delivers daily news highlights in 60 words across various categories.
Azhar Iqubal started InShorts in 2013. InShorts compiles daily news highlights spanning national, global, political, business, sports, technology and entertainment categories, delivering it in 60 words.
Exploring five easy-to-overlook themes from 13 years of cybersecurity industry data and research.
According to a report published last year, the generative AI market is expected to grow at 42% CAGR to reach $1.3 trillion in 2032 from $40 billion in 2022. The growth in the industry is expected to be driven by training infrastructure for large language models (LLMs) along with specialized software and services for the industry. The boom in the industry has seen several smaller players making significant investments in the technology. One such player is Cohere. Cohere's Offerings Toronto, Canada-based Cohere was founded in 2019 by Aidan Gomez, Ivan Zhang, and Nick Frosst. Prior to settin...