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Rupee depreciation amid geopolitical tensions weighed on investor sentiment in April, with venture capital and private equity funds investing $2.7 billion across 83 deals, per a report by the lobby group IVCA and the consultancy firm EY.
The bets were around 50% lower than in the year-ago period.
Shipsy, a logistics AI startup, has crossed $25 million in Annual Recurring Revenue as enterprises accelerate the shift from legacy logistics software to AI-driven platforms.
AI agents, which are built on top of LLMs, can reason and take actions on behalf of users.
