While Nadella, Ellison and Pichai embrace AI, Warren Buffett is staying on the sidelines. Berkshire Hathaway reportedly holds about USD 382 billion in cash as tech rallies led by a few AI giants leave many valuations stretched. Buffett’s caution raises a pointed question: what risk or missing value does he see behind the hype that others don’t.
AI coding startup Cursor is reportedly nearing a fresh funding round worth over $2 billion, potentially valuing it at around $50 billion. The deal is expected to be led by returning investors Thrive and Andreessen Horowitz, as the company seeks to expand its AI-powered coding tools. Nvidia may also participate, signaling heightened interest in developer-focused AI.
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Slice, a small finance bank, is reportedly in discussions with VC firms and other investors to raise $50–100 million, but at a lower valuation. The move comes as the fintech sector faces increased regulatory scrutiny, putting funding plans and growth timelines under sharper pressure.
Razorpay is reportedly preparing a confidential IPO filing, but investors may scrutinize whether its growth is sustainable and how quickly it can reach profitability. The startup, previously valued at $7.5 billion, could face valuation pressure, with estimates pointing to roughly $5 billion. The move also comes after Walmart-backed PhonePe paused its $1.3 billion IPO due to geopolitical concerns.
Vedanta Group has moved to challenge the insolvency outcome that selected Adani Enterprises’ bid for Jaiprakash Associates Ltd. Vedanta says its offer was higher, but the insolvency appellate tribunal will review whether lenders used correct evaluation metrics. Lenders argue several factors shaped the choice, while Jaiprakash’s value spans real estate, cement, and hospitality assets.
Fractal Analytics is set for an IPO valued around INR 2,833.90 crore, with a price band between INR 857 and INR 900 crore. The company’s valuation includes a lofty P/E multiple of 109x, raising questions about whether its AI-driven growth story can satisfy market expectations once trading begins.
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With the Nifty index sliding in March, Indian mutual funds stepped up buying, believing valuations have reset to better levels. Flows tilted toward banks and financial companies, while power sector stocks also attracted more interest—signaling a shift toward domestic growth themes. At the same time, worries over global conflicts appear to be shaping risk appetite and stock selection.
India’s Income Tax Department has issued notices to NRIs and offshore entities to explain investments in unlisted shares, focusing on the source of funds and how valuations were set. Officials say they’re cross-checking demat records for transactions between 2019 and 2023, flagging possible tax evasion, round-tripping, and money laundering, with non-compliance risking tax demands and litigation.
VAST Data has raised $1 billion in a fresh funding round, pushing its valuation to $30 billion—up sharply from $9.1 billion in 2023. The data storage and AI infrastructure company attributes the surge to soaring demand for AI compute and storage. The new capital will support global expansion and further technology development, underscoring the sector’s rapid momentum.
Prediction markets platform Polymarket is reportedly in talks to raise about $400 million at a $15 billion valuation, following a $600 million commitment from Intercontinental Exchange, the NYSE parent. With event-based trading drawing increasing momentum, the company is seeking additional strategic investors that could push the total funding round toward $1 billion.
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US-based power equipment startup Ayr Energy is reportedly in talks to raise $25–30 million from Energy Impact Partners, potentially valuing the company at about $200 million. Founded by former Zetwerk and Ather Energy executive Anirudh Reddy, the startup is betting that AI workloads and expanding data centres will drive rapid demand for new power infrastructure.
Two standout IPOs—Tata Technologies and Bajaj Housing Finance—have erased nearly half of investor wealth from their listing peaks. Tata Technologies’ decline is linked to concerns around client concentration, while Bajaj Housing Finance has faced a valuation reset in a tougher financial environment. The early pop is now being reined in by operational realities and changing market conditions.
Tencent and Alibaba are reportedly discussing an investment in AI startup DeepSeek, targeting a valuation above $20 billion. The talks underscore how costly cutting-edge AI development has become, with the final terms still under negotiation. DeepSeek’s earlier model release drew worldwide attention, raising expectations around what new funding could enable next.
Anthropic’s valuation is nearing $1 trillion in secondary markets, drawing heavy investor interest and even outpacing rival OpenAI in trading appetite. While fast revenue growth and a perceived competitive edge are helping, the latest surge appears powered as much by FOMO as by hard fundamentals. The gap between primary and secondary valuations adds to the buzz.
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