Mind The Gap By Freshchat

In total, this week, 20 startups raised $75.89 Mn funding and one startup acquisition took place. In a major announcement this week, Japanese conglomerate SoftBank launched its second technology-focussed investment corpus, SoftBank Vision Fund II, with an outlay of $108 Bn. The fund claimed to have received commitments from technology majors such as Apple and Microsoft. Other investors in the fund include National Investment Corporation of National Bank of Kazakhstan, Standard Chartered Bank, and some undisclosed investors from Taiwan. Further, SoftBank will be investing $38 Bn in the fund along with other committed investors including Foxconn, MUFG, SMFG and Mizuho. The objective of the fund is to facilitate the continued acceleration of the AI revolution through investment in market-leading, and tech-enabled growth companies. Bengaluru-based gaming company Playshifu raised $7 Mn in Series A funding. The round was led by Chiratae (formerly IDG Ventures India), Inventus Capital and Bharat Innovation Fund (BIF