AI To Fight Crimes, EV Expansion, Water tech Innovation and funding tales!

From the FIU's cutting-edge AI system tackling financial crimes to TI Clean Mobility's massive funding boost for EV expansion, and Va Tech Wabag's Blue Seed initiative nurturing water tech innovation, it's all about breaking barriers. Plus, InCred Alternative's maiden PE fund hits its first milestone while CEO Vijay Shekhar Sharma steps up amid leadership shifts.

Grab your simmering cup of StartupChai and unwind with our hand-brewed memes.

“Suraksha Hai Zaruri”: India's FIU unveils Al- infused system to combat money laundering, terrorism financing

India's FIU just leveled up its game with a new AI-infused system aimed at nipping money laundering and terrorism financing in the bud.

This upgraded 2.0 version harnesses the power of artificial intelligence and machine learning to keep a vigilant eye on economic activities. It's a high-tech defense strategy to safeguard India's financial integrity and security against illicit activities.

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“Electric Revolution 2024” : TI Clean Mobility raising Rs 580 crore to expand its EV business

TI Clean Mobility is gearing up to supercharge its electric vehicle empire by securing a whopping Rs 580 crore in funding. Thanks to a savvy move with South Asia Growth Invest III LLC and South Asia EBT Trust III, their expansion dreams are about to hit the fast lane.

With this financial boost, get ready to see more eco-friendly wheels hitting the roads, courtesy of TICMPL.

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“Flood Of Innovation” : Va Tech Wabag launches Blue Seed initiative to nurture water tech just leading the industry

Va Tech Wabag is making waves with its latest venture, "BLUE SEED," aimed at cultivating the next generation of water tech trailblazers. As a frontrunner in water treatment solutions, they're not just leading the industry; they're nurturing it.

With BLUE SEED, get ready for a flood of fresh ideas and game-changing innovations in the world of water technology.

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“InCred Ka Jalwa”: InCred Alternative Hits First Close Of Maiden PE Fund

InCred Alternatives Investments is making headlines as their maiden PE fund, IGPF-I, hits its first close with over INR 330 Cr in commitments. With a goal of reaching INR 500 Cr, they're gearing up to fuel growth in consumer, financial services, and tech sectors.

As InCred Group dives into the alternative investment arena, it's not just a milestone; it's a sign of big things to come in the world of finance and innovation.

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“Kangali Mein Aata Geela”: CEO Vijay Shekhar Sharma Takes Charge Of Key Verticals As Leaders Exit

Amid Paytm's ongoing restructuring, there's a shakeup in the C-suite as Bipin Kaul and Ajay Singh step down from their roles. With the company's CEO, Vijay Shekhar Sharma, taking the reins of key verticals, it's a strategic move to steer Paytm into new waters.

As they navigate this transition, all eyes are on Paytm's next moves in the dynamic world of digital payments.

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1. Quadria Capital pours Rs 850 crore into NephroPlus, Asia's leading dialysis provider, amplifying its mission to revolutionize renal care across the continent.

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2. Select Brands, nurtured under JIIF's wing, secures Rs 6.5 crore in pre-Series A funding, spearheaded by Agra Gwalior Pathways and Airen Holdings.

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3. Knit, the SaaS startup simplifying API integration, raises $1 million in seed funding, with Endiya Partners leading the charge alongside Axilor Ventures and angel investors.

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4. ICON, the cutting-edge DTC startup specializing in luggage and travel accessories, secures $1.2 million in seed funding. Spearheaded by DSG Consumer Partners and backed by a cadre of angel investors, ICON is set to redefine travel gear.

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5. Cornext, the pioneer in developing a sustainable fodder ecosystem for dairy cattle farmers, secures $2.2 million in seed funding from Omnivore.

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6. Parseable, headquartered in Bengaluru, secures $2.75 million in seed funding from Surge and NP-Hard Ventures.

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