The Economic Times:
Bengaluru-based Stable Money, whose app lets users invest in fixed deposits and corporate bonds, raised $25M at a $175M valuation, taking total funding to $65M  —  The startup plans to grow its overall business five times by the end of this year, enter new cities through physical expansion …

George Hammond / Financial Times:
Sources: Ineffable Intelligence, founded by Google DeepMind's ex-Principal Scientist David Silver, is raising a $1B seed led by Sequoia at a $4B valuation  —  Sequoia Capital leading funding deal for David Silver's start-up Ineffable Intelligence at $4bn valuation

Dylan Butts / CNBC:
Nvidia says it is working with Peak XV and other VC firms in India to fund AI startups; over 4,000 Indian AI startups have joined its global startup program  —  American AI chip darling Nvidia is expanding its partnerships in India, including with venture capital firms …

Himanshi Lohchab / The Economic Times:
Yotta says it is investing $2B to deploy Nvidia's Blackwell B300 GPUs at its Noida data center campus in India to create one of Asia's largest AI superclusters  —  Yotta Data Services is investing $2 billion to install Nvidia's latest AI chips at its Noida hyperscale data centre, going live by August.

Cristina Criddle / Financial Times:
Perplexity says it has no plans to further pursue ads, which it introduced in 2024, after phasing them out in late 2025 over fears they would erode user trust  —  Leading start-ups have recently embraced sponsors as they search for revenue  —  AI start-up Perplexity has abandoned advertising …