India Digest: Mad Street Den, SRJNA raise funds; L&T buys Graphene Semiconductor

Mad Street Den, and edtech startup SRJNA are among the latest Indian startups to raise funds. Meanwhile, L&T Technology Services has executed a definitive agreement to acquire 100% stake in Bangalore-based Graphene Semiconductor Services.

KDDI invests in Mad Street Den

KDDI Corporation has invested an undisclosed amount in Mad Street Den (MSD) through KDDI Open Innovation Fund 2, managed by Global Brain. MSD provides Vue.AI, which is a one-stop artificial intelligence and image recognition platform for apparel retailers. Vue.ai offers products such as data classification and catalog data management with the aim of improving product discovery, searchability, and reducing operational costs. The startup plans to use the funds to improve their AI capabilities and grow their sales and marketing workforce.

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