Open

The company is actively building an internal advertising team, led by its new head of applications Fidji Simo, to explore how ads could be integrated into ChatGPT.

OpenAI offering Rs 3.4 crore salary to content strategist, seeks a ‘critical highthinker’

OpenAI is hiring a content strategist with a Rs 3.4 crore salary, seeking a “critical highthinker” to shape ChatGPT’s content strategy and brand voice.

OpenAI may read your ChatGPT conversations and report them to law enforcement if threats are made

OpenAI admits it reads ChatGPT chats and may share them with police if violent threats are detected, raising fresh privacy concerns.

OpenAI is hiring for its New Delhi office: Check out vacancies and how to apply

OpenAI is hiring for its first office in New Delhi. Check out the available vacancies and learn how to apply online for roles in sales and other teams.

Neobanks diversify into cards, payments, investment businesses amid struggle to offer core banking services

Without a differentiated product, neobanks have taken the route of other fintechs, such as cards, lending and investments, leaving them to play in a crowded market with specialists

Neobank Open reduces losses to Rs 170 crore in FY24, but faces revenue challenges amid cost cuts

The narrowing of losses came alongside a 17 percent decline in operational revenue, which fell to Rs 24.81 crore from Rs 29.9 crore in the previous fiscal year.

Bengaluru's BMTC and Namma Metro to open up real-time transit data

This initiative will help app developers, mobility startups, and public transport enthusiasts develop applications and mobility solutions by leveraging real-time data from Bengaluru's lifelines, BMTC and BMRCL.

Haryana restaurants can remain open 24x7: Deputy CM Chautala

The decision was taken in a meeting of various departments chaired by Chautala. Labour and Food, and Civil Supplies Minister Anoop Dhanak was also present in the meeting, an official statement said.

3one4 Capital raises $200 mn in fourth early-stage fund; adds to more VC dry powder

The fund, which was raised in two-and-a-half months despite weak market sentiments, was oversubscribed to the extent of $250 mn. The management however, decided to stick to the intended size

Tiger Global-backed Open axes 47 jobs, founders take 50% pay cut

As a part of scale-up and profitability, Open said in the statement that it will continue the efforts to make a highly performance-oriented effective organization fit for scale, the statement said.

Share buyback offer: Sebi moots glide path; proposes to do away with open market option

Also, the markets watchdog proposed to enhance the threshold for companies to buyback shares from their free reserves, reduce the cooling-off period between two buybacks under the tender route and shift the tax incidence fully to the share-tendering shareholders rather than the companies concerned.

Open gets RBI's in-principle nod for payment aggregator licence

A payment aggregator provides payment services to merchants and e-commerce sites by accepting payment instruments from customers. It is different from payment gateways which provide technology services for processing transactions but don’t handle funds

Medanta hospital chain IPO to open on November 3

The IPO, which will close on November 7, consists of a fresh issue of Rs 500 crore and an offer for sale of up to 50.76 million shares by shareholders and promoters

It's tapped: Germany's Oktoberfest opens after 2-year hiatus

With three knocks of a hammer and the traditional cry of "O'zapft ist, It's tapped" Mayor Dieter Reiter inserted the tap in the first keg at noon on Saturday, officially opening the festivities after a two-year break forced by the coronavirus pandemic.

Germ of an Idea | A Kerala rail station, a Mariah Carey song and India’s 100th unicorn

Armed with basic school education and an obsessive passion for technology, Anish Achuthan slept rough, and went hungry but chased his tech dream. The co-founder of neo-banking platform Open has a lot to inspire us

Tamilnad Mercantile Bank IPO opens for subscription on September 5

The Thoothukudi-based private lender plans to use the proceeds towards augmenting its tier–I capital base to meet its capital requirements

Non-monogamist advocacy group urges Meta to add new relationship options for Facebook

The advocacy group says Facebook's relationship options "alienates non-monogamist couples"

Bits To Billions | How Open became India's 100th unicorn and Kerala's first unicorn: Meet its founders

Founded in 2017 by former PayU and Citrus Pay executives and serial entrepreneurs Anish Achuthan, Mabel Chacko, and Ajeesh Achuthan, along with Deena Jacob, Open focuses on small and medium-sized businesses by offering them a business current account. Their next big bets include revenue-based financing early settlement, working capital loans, and business credit cards to SMEs on its platform. Open is aiming to disburse $1 billion in loans through the new suite of products on the platform in the next 12 months. In this episode of Bits to Billions, the founders opened up to Moneycontrol's Chandra R Srikanth on the early years, why Open is relevant, and the criticism that family dominates the leadership.

Open becomes 100th unicorn of India, raises $50 million led by IIFL: Sources

Neobanking platform Open has raised $50 million at a valuation of $1 billon, doubling its valuation from $500 million during its last fundraise in October 2021.

TVS Capital Funds to lead next round in Google-backed Open at a valuation of $1 billion

The $100 million fundraise is a mix of primary and secondary funding and will also see participation from existing investors.

Neobank Jupiter opens up platform for more users, to look at lending next

Jupiter is opening up its platform for users in an invite-only mode, and plans to onboard 1 million users in the next six months.

Visa closes $5 million investment as part of Open’s Series C fundraise

Open had announced on October 12 that it raised $100 million in its Series C round led by Temasek and that it plans to use the funding to further strengthen its new product lines and foray into global markets.

Neo bank Open raises $100 million led by Google, Temasek, Visa, and Japan’s SoftBank Investments

This funding round values Open at $500 million and sets up the company to achieve the unicorn status in the course of the next year. Moneycontrol learns that Open may consider raising another round of funds in the next six months.

Apple holds talks with govt on opening stores in India

Apple Inc officials today met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally.