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Andrew Ng’s fund invests in AI healthcare platform Jivi

Economic TimesEconomic Times · 10m ago
Andrew Ng’s fund invests in AI healthcare platform Jivi
Medial

- AI Fund, led by computer scientist Andrew Ng, has made its first significant investment in India by investing in AI healthcare platform Jivi. - AI Fund has acquired a 20-30% stake in Jivi, the Gurgaon-based startup founded earlier this year. - Jivi's AI products include a health assistant for consumers and a copilot for doctors, aimed at making healthcare more accessible and personalized. - The platform is currently in beta testing with leading hospitals and is expected to be publicly available later this year. - Jivi aims to provide high-quality healthcare that is efficient, affordable, and accessible to everyone, regardless of location. - Andrew Ng's expertise and vision are expected to play a transformative role in shaping the future of global healthcare through Jivi.

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HDFC AMC invests in Athera's Rs 900 Cr Fund

EntrackrEntrackr · 7m ago
HDFC AMC invests in Athera's Rs 900 Cr Fund
Medial

Tech-focused venture capital fund Athera Venture Partners, previously known as Inventus India, has received investment from HDFC AMC'S Select AIF FoF I Scheme for its Fund IV which is scheduled to close in 2025. HDFC Fund of Funds will be a dominant LP in Athera's Rs 900 crore fund, which will invest in tech startups operating in consumer internet, enterprise software, AI, and other emerging technologies. Athera has invested in several startups, including Ati Motors (autonomous robotics), Terra (3D immersive gaming platform), ClickPost (logistics management software), Cyn:Lr (computer vision for robotics), Hyperbots (AI automation), and Billion Hearts (digital consumer products for a global audience). With these 6 investments, 30% of the portfolio is already constructed and the fund is already in the positive IRR territory. Over the next 18-24 months, Athera will invest in a dozen more such startups from its Fund IV. Overall, the VC firm has invested in over 40 companies so far, including category-defining ventures like redBus, PolicyBazaar, Pixxel, MoveinSync, Sokrati, FundsIndia, Euler Motors, BluArmor, Vunet, Healthifyme, Playshifu, Unbxd, and many more.

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