CoreWeave, an AI cloud platform based in New Jersey, is targeting a valuation exceeding $35 billion for its U.S. IPO, expected in the second quarter of 2025, aiming to raise over $3 billion. The company, which provides access to data centers and high-powered chips, recently completed a $650 million secondary share sale, valuing it at $23 billion. As investor interest in generative AI surges, CoreWeave prepares for its listing amid a recovering IPO market.
India's AI market is set to reach $17 billion by 2027, with a robust annual growth rate of 25% to 35%. The Global AI Conclave 2024, on November 22, will feature leading venture capitalists like Hemant Mohapatra and Prayank Swaroop, discussing their support for impactful AI solutions and the importance of sustainable growth and ethical investment in reshaping the global economy.
Swish, a rapid food delivery startup founded by Shah, Ujjwal Sukheja, and Saran S in May 2024, has secured $2 million from Accel and various angel investors. The company aims to compete in the burgeoning 10-minute food delivery market against Swiggy, Zomato, and Zepto, which has rapidly grown into a $5.5-billion industry in India. With Zepto Cafe already achieving an annualized revenue run rate of Rs 160 crore, Swish is poised to capitalize on the quick commerce trend.
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