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BUZZBYTE

Stealth • 6d

Chinese food delivery and lifestyle e-commerce platform Meituan has sold over $200 million worth of its stake in Swiggy to a US-based investor in a secondary deal, according to three sources who spoke to Entrackr. Meituan first invested in the Bengaluru-based firm in 2018 and increased its holding by participating in another round in 2020.

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OpenAI Is Rebooting Its Robotics Team After disbanding its efforts to build a general purpose robot in 2020, the AI juggernaut is embarking on a new attempt to supply models to other companies aiming to build robots of their own.

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The startup backed by cricketer KL Rahul will use the funds to enhance product innovation and expand its brand presence. Founded in 2018 by Pallav Bihani, the brand sells fitness accessories, core sports equipment and workout apparel.

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