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Kotak Mahindra AMC’s credit fund secures record ₹1,200 crore first close 

Nilesh Shah, MD, Kotak Mahindra Asset Management Company | Photo Credit: EMMANUAL YOGINI Kotak Mahindra Asset Management Company (KMAMC) announced today that its maiden credit Alternative Investment Fund, the Kotak Credit Opportunities Fund, has achieved its first close with a record raise of over ₹1,200 crore ($141.36 million). The company reports this represents the largest...
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Lina Khan points to Figma IPO as vindication of M&A scrutiny

A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission. In a Friday afternoon post on X, Khan linked to an article about Figma’s impressive first day of trading and argued the IPO is “a great reminder that letting startups grow into independently successful businesses, rather than be...

Anthropic cuts off OpenAI’s access to its Claude models

Anthropic has revoked OpenAI’s access to its Claude family of AI models, according to a report in Wired. Sources told Wired that OpenAI was connecting Claude to internal tools that allowed the company to compare Claude’s performance to its own models in categories like coding, writing, and safety. TechCrunch has reached out to Anthropic and...

Google bets on STAN, an Indian social gaming platform

Google has backed STAN, an Indian social gaming platform that connects gamers with creators, communities, and publishers. Google’s investment comes as part of an $8.5 million equity funding round, which also saw investment from Japanese gaming giants Bandai Namco Entertainment, Square Enix, and Reazon Holdings. Aptos Labs and King River Capital, as well as existing...

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