In a move implying that the launch went well, JFFVentures today unveiled its second fund, JFFVentures Fund II, with a target of $50 million.
So how is JFFVentures Fund II planning to avoid these pitfalls?
Well, Raja says, while the fund is operationally independent from JFF, JFFVentures Fund II will benefit from the wider JFF community, including its connections with government, corporate, education and nonprofit partners.
“We’ve committed in our fund docs that at least 50% of Fund II founders will identify as underrepresented in terms of founder backgrounds,” he said.
Kerszenbaum pointed to JFFVentures’ inaugural fund performance as evidence Fund II can succeed, though.
Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, said it has raised a funding round that values it at $1 billion.
It’s also the first Indian AI startup to become a unicorn, it said.
Matrix Partners India — which has also backed Aggarwal’s other two startups, ride-hailing firm Ola and EV startup Ola Electric — led the $50 million “first round” in Krutrim, it said Friday.
The startup plans to launch a conversational AI assistant that understands and speaks multiple Indian languages, the startup said.
The startup plans to make a beta version of its eponymous chatbot available to consumers next month and follow it with rolling out APIs to developers and enterprises.
You may recall that Automattic bought all-in-one messaging app Texts.com for $50 million back in October.
Well, we had questions, not just about the deal, but also the state of the written word online.
So, we brought on Matt Mullenweg, the CEO of Automattic and co-founder of WordPress, along with Kishan Bagaria, the founder of Texts.com., to talk about the transaction and what it means.
A few notes before you hit play: First, Automattic is more acquisitive than you’d expect.
Alright, sit back, hit play, and have some fun with us!
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