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☆ Adani Group's troubles keep growing as financial and legal headwinds get stronger
▼ + stars: | 2024-11-26 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Signage atop the Adani Group headquarters in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Adani Group is staring at trouble on several fronts as investors and partners rethink ties with the Indian conglomerate in the wake of bribery and fraud accusations by U.S. authorities. Fitch Ratings has put several dollar bonds issued by Adani Group companies on its negative ratings watchlist, which means the bonds could potentially be downgraded. "Until such time when the accusations against the Adani group individuals and their consequences have been clarified, TotalEnergies will not make any new financial contribution as part of its investments in the Adani group of companies," the French company said. The U.S. International Development Finance Corp has also said it would review its prior agreements to lend $553 million to a Sri Lankan port development that's backed by the Adani Group.

Persons: Bonds, Leonard Law, Hindenburg, William Ruto, TotalEnergies, Adani Green Organizations: Leonard, Lucro Analytics, CNBC, Fitch, Adani Group, Reuters, Adani, Energy, U.S . International Development Finance Corp, DOJ Locations: Ahmedabad, India, Sri Lankan

☆ The Fed is very much a political entity, says Komal Sri-Kumar
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is very much a political entity, says Komal Sri-KumarKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins CNBC's 'Squawk Box' to discuss his outlook on the economy, how he thinks the Fed should handle interest rates going forward, and more.

Persons: Komal, Kumar Komal, Kumar Organizations: Sri, Kumar

☆ Adani vs. Hindenburg: How one of India's biggest empires descended into chaos
▼ + stars: | 2024-11-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Gautam Adani, the billionaire chairman of India's Adani Group, was indicted on Wednesday along with seven others in New York federal court for his involvement in a large-scale bribery and fraud scheme. March 2023 to May 2023In March, India's Supreme Court sets up an independent six-member panel to investigate the allegations made in the Hindenburg report. Then in May, the court-appointed panel said it has "drawn a blank" in its probe into Adani group, according to Reuters. December 2023 to January 2024By the end of 2023, Adani Enterprise shares had recovered from the fallout and concluded the year with smaller declines of 26%. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.

Persons: Gautam Adani, Hindenburg, Adani, Madhabi Puri, Narendra Modi, Modi, Rahul Gandhi Organizations: Hindenburg Research, India's, Adani, Hindenburg, Adani Enterprises, Reuters, Adani Enterprise, Bloomberg, Indian, Forbes Locations: Krakow, Poland, New York, Asia, Madhabi Puri Buch, Sri Lanka, India, Australia

☆ Trump tariffs to push down U.S. growth 'a great deal' going into 2026, Morgan Stanley warns
▼ + stars: | 2024-11-20 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Donald Trump's proposed tariffs will dent U.S. economic growth going into 2026, said Morgan Stanley's chief global economist Seth Carpenter. In the event that they are enacted all at once, they could result in a "big negative shock" to the economy, Carpenter told CNBC's Sri Jegarajah on the sidelines of Morgan Stanley's annual Asia Pacific Summit in Singapore. Carpenter, who maintained Morgan Stanley's base case of these tariffs being spread over 2025, said they would lead to higher inflation. "Then into 2026, we think growth starts to come down a great deal in the U.S. because of those tariffs and some of the other policies," he cautioned. Very clear, tariffs are a drag on growth for the U.S., not just for the countries that the tariffs are put on," Carpenter added.

Persons: Donald Trump's, Morgan Stanley's, Seth Carpenter, Trump, Carpenter, CNBC's Sri, Morgan, Mark Malek, Siebert, Joe Biden, Trump's, Malek, Ben Emons Organizations: Asia Pacific Summit, Microsoft, Apple, U.S . Federal Reserve, FedWatch Advisors Locations: China, CNBC's Sri Jegarajah, Morgan Stanley's, Singapore, U.S

CNN —Israel’s war conduct in Gaza “is consistent with the characteristics of genocide,” including mass civilian casualties and using starvation as a weapon, according to a new United Nations Special Committee report released Thursday. The UN committee added that Israeli officials have publicly supported policies to destroy “vital water, sanitation and food systems” in Gaza as well as prevent access to fuel. The UN Special Committee is composed of three UN member states, including Malaysia, Senegal and Sri Lanka. But the US view is a stark contrast with the bleak picture on the ground, where much of the aid that reaches Gaza is not being distributed. “We have not seen any aid, and no one has sent us food,” 63-year-old Palestinian Umm Muhammad Al-At’out told CNN this week.

Persons: CNN —, “, Biden, Muhammad Al, At’out, ” CNN’s Jane Nix, Mick Krever Organizations: CNN, United Nations, International Court of Justice, Security Council, UN, Court of Justice, Hamas, Human Rights Watch, The State Department Locations: Gaza, Israel, South Africa, UN’s, Malaysia, Senegal, Sri Lanka

☆ Analyst: Sri Lanka’s National People's Power poised to secure mandate in general election
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst: Sri Lanka’s National People's Power poised to secure mandate in general electionSwinburne University of Technology’s Chulanee Attanaya discusses election prospects and implications for the Sri Lankan people.

Persons: Swinburne University of Technology’s Chulanee Attanaya Organizations: Sri, Swinburne University of Technology’s

WASHINGTON — The Department of Justice on Friday charged an Iranian man in a murder-for-hire plot to assassinate then-candidate Donald Trump and two others in a plot to kill an American journalist critical of Tehran. The three who were charged are Farhad Shakeri of Iran; Carlisle Rivera of Brooklyn, New York; and Jonathan Loadholt, of Staten Island, New York. Around Oct. 7, the Iranian official tasked Shakeri with providing a plan within seven days to kill Trump, he told law enforcement in recorded interviews, the complaint says. Shakeri told FBI officials that he didn’t intend to propose a plan to assassinate Trump in the timeframe set by the IRGC, it says. Trump was also briefed by U.S. intelligence officials after the attempt in September about threats from Iran to kill him.

Persons: WASHINGTON, Donald Trump, Trump, ” Damian Williams, Qasem Soleimani, Farhad Shakeri, Carlisle Rivera, Jonathan Loadholt, Shakeri, surveil, Steven Cheung, ”, Rivera, Masih Alinejad, Alinejad, Loadholt, realDonaldTrump, Merrick Garland, Christopher Wray, —, Biden Organizations: The Department, Justice, Southern, of, Islamic Revolutionary Guard Corps, Iranian, U.S, Trump, FBI, White, Prosecutors, NBC News, Fairfield University, Service, Emergency Economic Locations: American, Tehran, U.S, of New York, Iran, Brooklyn , New York, Staten Island , New York, New York City, Sri Lanka, United States, Afghan, New York State, Brooklyn, Loadholt, Staten Island, Republic, America, Florida, New York

☆ Justice Department brings charges in thwarted Iranian plot to assassinate Trump
▼ + stars: | 2024-11-08 | by ( Rebecca Shabad | Michael Kosnar | ) www.cnbc.com time to read: +3 min

The Department of Justice on Friday charged an Iranian man and two New York residents in murder-for-hire plots targeting then-candidate Donald Trump and others. The department said the plot was part of Iran's efforts to exact revenge for the death of Iranian military leader Qasem Soleimani during the Trump administration. Around Oct. 7, the Iranian official tasked Shakeri with providing a plan within seven days to kill Trump, he told law enforcement in recorded interviews, the complaint says. Shakeri told FBI officials that he didn't intend to propose a plan to assassinate Trump in the timeframe set by the IRGC, it says. Trump communications director Steven Cheung said Friday that the president-elect is aware of the attempted assassination plot.

Persons: Donald Trump, Trump, Damian Williams, Qasem Soleimani, Farhad Shakeri, Carlisle Rivera, Jonathan Loadholt, Shakeri, surveil, Steven Cheung, Rivera, Masih Alinejad Organizations: U.S, The, Justice, Southern, of, Islamic Revolutionary Guard Corps, Iranian, Trump, FBI, White, Prosecutors, NBC News Locations: Iranian, Tehran, Iran, New York, U.S, of New York, Brooklyn , New York, Staten Island , New York, New York City, Sri Lanka, United States, Afghan, New York State, Brooklyn, Loadholt, Staten Island, American

☆ DOJ announces charges in Iranian plot to kill Donald Trump
▼ + stars: | 2024-11-08 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +5 min

CNN —The Justice Department on Friday announced federal charges in a thwarted Iranian plot to kill Donald Trump before the presidential election. According to court documents, Iranian officials asked Farhad Shakeri, 51, in September to focus on surveilling and ultimately assassinating Trump. But IRGC officials told Shakeri on October 7 to focus only on Trump, court documents say, and that he had seven days to formulate an assassination plan. Shakeri would pay these criminal associates, like his two co-conspirators, to monitor the victims Iranian officials sought to assassinate, according to court documents. Correction: An earlier version of this story stated that all three men were specifically charged in the plot against Donald Trump.

Persons: Donald Trump, Farhad Shakeri, Trump, Shakeri –, –, Shakeri, Carlisle Rivera, Jonathan Loadholt, General Merrick Garland, Christopher Wray, ” Garland, “, Qasem, ”, Masih Alinejad, Alinejad, Rivera, Loadholt Organizations: CNN, The Justice Department, Justice Department, Prosecutors, Iran’s Revolutionary Guard Corps, Trump, Justice, FBI Locations: Iran, Afghan, Tehran, New York, United States, US, New, American, Sri Lanka, New York City

☆ As the election winds down, worries of 'bond vigilantes' and inflation hit markets
▼ + stars: | 2024-11-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Specifically, he warned about traders taking the 10-year Treasury yield , a bond market benchmark, above 5% — a level it hasn't seen since mid-2007. To be sure, there are myriad reasons why the bond market has been in a state of tumult since mid-September, political considerations of a second Trump term being just one of them. "The bond market could easily nullify the impacts of another rate cut. That's because the bond market believes the Fed is cutting rates by too much, too soon, and is therefore raising long-term inflation expectations. It could carry "higher tariffs and mass deportations, which triggers stagflation in the US including a second inflation spike," the bank said.

Persons: Donald Trump, Chip Somodevilla, Kamala Harris, Ed Yardeni, Yardeni, Trump, Harris, Kumar, it's, Karen Dynan, Trump's, Peterson, Morgan Stanley Organizations: Fiserv, Republican National Convention, Treasury, Trump, Reserve, Bond, Yardeni Research, Sri, Kumar, Peterson Institute for International Economics, Federal Reserve, JPMorgan, Republicans Locations: Milwaukee , Wisconsin, United States

☆ Meet Glean, the enterprise AI search company that's so powerful Sam Altman deemed it a threat to OpenAI
▼ + stars: | 2024-10-31 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +10 min

Among them are Anthropic, Elon Musk's xAI, OpenAI cofounder Ilya Sutskever's Safe Superintelligence, and AI search startup Perplexity. The last of the five rivals, and perhaps the least well-known, is Glean, an enterprise search assistant. Founded in 2019 by Rubrik cofounder and ex-Googler Arvind Jain, Glean helps corporate workers find information across their companies' tools and data. Related Video Sam Altman moves to Microsoft after OpenAI fires him as CEOThe company enables AI search by integrating apps like Slack and Dropbox and powering search across their company's universe of data. AdvertisementBesides enterprise search, Glean also has an AI assistant that generates answers based on search results, such as summarizing the day's Slack messages or synthesizing multiple documents.

Persons: Glean, Jain, —, Sam Altman, Elon Musk's, Ilya Sutskever's, Googler Arvind Jain, Kleiner Perkins, Deedy Das, Larry Page, Das, Bipul Sinha, Rubrik, Mamoon Hamid, Vishwanath, Tony Gentilcore, Piyush Prahladka, …, Arvind, Hamid, Paul, Rajeev Dham, they're, Slack, Altman, It's Organizations: Google, Service, Elon Musk's xAI, DST Global, Sapphire Ventures, Sequoia, Microsoft, Sony Electronics, Entrepreneurship, Indian Institute of Technology, IIT, Menlo Ventures, IIT Delhi, University of Washington, Akamai Technologies, Technology, YouTube, Kleiner Locations: Jaipur, Indian, IIT Delhi, India, Glean, Seattle

In a complaint Sept. 18, the U.S. claimed civil damages totaling $103,078,056 under the Rivers and Harbors Act, the Oil Pollution Act and general maritime law, according to the release. There are still dozens of outstanding civil claims, including one from the state of Maryland, seeking damages from the owners of the Dali. According to the Justice Department, Thursday's settlement does not include damages to rebuild the bridge because Maryland built, owned, maintained and operated it. The Dali smashed into the Key Bridge early March 26 after it left the Port of Baltimore en route to Sri Lanka. The ship lost power, regained power, then lost power again before it hit the bridge, causing it to collapse into the Fort McHenry Channel.

Persons: Francis Scott Key, DALI, Brian M, Boynton, Dali Organizations: U.S . Justice Department, Ocean Private Ltd, Synergy Marine Private Ltd, U.S, Justice Department, U.S . Treasury, Harbors, Justice Department's Civil, Port, Fort McHenry Channel Locations: Maryland, Dali, Singapore, U.S, Rivers, States, Baltimore, Sri Lanka, Port of Baltimore, DALI

☆ Alexandr Wang Gets Data Ready to Power the Generative AI Revolution
▼ + stars: | 2024-10-24 | by ( Sri Muppidi | ) www.businessinsider.com time to read: 1 min

Wang is the CEO and cofounder of Scale AI, a data-labeling company valued at $13.8 billion. The company employs contractors to annotate training data essential for developing AI models. The company initially focused on data labeling for autonomous vehicles but has since expanded to power the generative AI boom, working with prominent startups such as OpenAI. Before founding Scale AI, Wang was an algorithm developer at Hudson River Trading and held software-engineering roles at Quora and Addepar. See Business Insider's full AI Power List

Persons: Wang Organizations: Trading Locations: Hudson

☆ Andrej Karpathy's Eureka Labs Aims to Personalize Education Through AI
▼ + stars: | 2024-10-24 | by ( Sri Muppidi | ) www.businessinsider.com time to read: 1 min

Karpathy is the founder and CEO of Eureka Labs, an education AI startup. He's known for his YouTube educational content on AI. Eureka Labs uses an AI teaching assistant to allow students to ask questions and get more of a customized experience than they would otherwise get from a series of recorded lessons. According to its website, the company's first product is an AI course titled LLM101n, which aims to teach students to develop AI models. Karpathy is a renowned AI researcher who has attracted an audience with over a million followers on X and 500,000 YouTube subscribers.

Persons: Karpathy Organizations: Eureka Labs, Stanford

☆ Arugam Bay, Sri Lanka: US and Israel warn of potential attack on tourist locations in coastal area
▼ + stars: | 2024-10-23 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +2 min

CNN —Both the United States and Israel issued security alerts Wednesday warning of a potential attack on tourist locations in a coastal area of Sri Lanka. “The travel alert for Arugam Bay and the coastal areas in south and west Sri Lanka (including for the cities Ahangame, Galle, Hikkaduwa and Weligama) has been raised to level 4,” it stated. “We recommend leaving these areas immediately. There have been protests in Buddhist majority Sri Lanka against Israel’s war in Gaza. However, there have not been any major terrorist attacks in the nation since the 2019 Easter Sunday attack, when suicide bombers launched a coordinated series of attacks on three Catholic churches and three luxury hotels across Sri Lanka, killing 270 people and injuring 500 more.

Persons: “, ”, ” Israel Organizations: CNN, Embassy, Arugam, National Security Council, Sri, Colombo Locations: United States, Israel, Sri Lanka, Arugam, “, Galle, Hikkaduwa, Gaza

☆ The origins of bubble tea, one of Taiwan’s most beloved beverages
▼ + stars: | 2024-10-21 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +11 min

It all started with foam teaInvented in the 1980s, bubble tea (also called “black pearl tea” or “boba tea”) is a beloved Taiwan classic. Lin Hsiu Hui, product manager at bubble tea chain Chun Shui Tang, said she created the very first glass of bubble milk tea at a staff meeting in 1988. Bubble tea chain Easy Way argued in a press conference, “Why don’t you ask people to skip drinking Coke instead?”The saga was dubbed the “bubble tea for arms” incident by local media. Bubble tea 2.0Bubbleology founder Assad Khan says his first bubble tea experience was 'love at first sip.' But no matter how funky you get with the recipe, the soul of a good bubble tea has always been, well, the tea.

Persons: that’s, Simu Liu, Canadian Liu, “, it’s, Chang Fan Shu, yao, shou yao, ”, Tseng, Tsang, Tu Tsong, – Tu, Tu, ” Tu, Lin Hsiu Hui, Tang, ” Lin, Chun, Chun Shui Tang, boba ”, Amy Yip’s, Assad Khan, ” Khan, Bubbleology, It’s Organizations: CNN, Marvel, CBC, Chun, CNN Travel, Chun Shui Tang, hawker, Defense Ministry Locations: Hong Kong, Canada, Quebec, Canadian, Taiwan, ”, Tainan, Hanlin, United States, China, Assam, hawker, Asia, British, Chinatown, New York, Lankan

☆ Fed 'mismanaged' rate cuts & long-term rates could continue to rise, says Komal Sri-Kumar
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed 'mismanaged' rate cuts & long-term rates could continue to rise, says Komal Sri-KumarKomal Sri-Kumar, Sri-Kumar Global Strategies president, and Max Wasserman, Miramar Capital senior portfolio manager, join CNBC's 'The Exchange' to discuss economic outlooks, expectations for rates, and more.

Persons: Komal, Kumar Komal, Kumar, Max Wasserman, CNBC's Organizations: Kumar Global, Miramar Capital

☆ AI sales startup Clay is raising a new funding round at a $1.3 billion valuation, sources say
▼ + stars: | 2024-10-16 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +3 min

The company last raised a $46 million Series B at a $500 million valuation led by Meritech in June. AdvertisementClay, the AI-powered sales startup, is set to be valued at $1.3 billion in a new insider funding round, two sources told Business Insider. Sequoia Capital, First Round Capital, Box Group, and Boldstart Ventures participated in that round. Clay's AI messaging tool can then help sales teams send tailored outbound messages to prospective customers. Apollo, a sales intelligence startup, raised a $100 million Series D round led by Bain Capital Ventures last year at a $1.6 billion valuation.

Persons: Clay, Meritech, —, Kareem Amin, Amin, Varun Anand Organizations: Service, Business, Meritech Capital, Sequoia Capital, Boldstart Ventures, Wall Street, Bain Capital Ventures

We've put together everything you need to know about how to watch India vs. New Zealand, with a focus on affordable live streaming options. ET / 5 a.m. BST / 12 p.m. AWSTHow to watch Pakistan vs. England in the USThe Pakistan vs. England test matches will be available to watch through Willow in the US. You can also get it as a part of a month-to-month live TV package, including Sling TV. Sling also occasionally offers free cricket live streams (including coverage of the ongoing ICC Women's T20 World Cup), although you'll need to subscribe for the India vs. New Zealand test series. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for.

Persons: We've, we've, Sling's Desi, ExpressVPN Organizations: Business, New Zealand, Chinnaswamy, team, ICC, South, Sri, Sling, England Locations: India, New, Bengaluru's, Zealand, Pakistan, South Africa . New Zealand, Sri Lanka, New Zealand, England

☆ Security threats to AI models are giving rise to a new crop of startups
▼ + stars: | 2024-10-16 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +5 min

The hazards against AI models and the data that train them are growing in the age of large language models. What's emerged is a growing group of startups aimed at tackling security threats related to AI. Credo AI, which has raised $41.3 million in total funding, is an AI governance platform that helps companies adopt AI responsibly by measuring and monitoring its risks. Pappu added that customers may not be aware that the shared information may also be used to train broader AI models. AdvertisementTo address the growing number of security concerns in AI, startups are now applying continuous monitoring to the space.

Persons: —, Ashish Kakran, What's, Kakran, that's, Narayana Pappu, Pappu, Arvind Jain, Lauri Moore, Moore, Arvind Ayyala, Ayyala Organizations: Companies, Service, Thomvest Ventures, Attackers, Bessemer Venture Partners, Haize Labs, Evolution Equity, Moore Strategic Ventures

☆ Cloud API startup Kong valued at around $2 billion in a new funding round led by Tiger Global
▼ + stars: | 2024-10-09 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +2 min

The startup is valued at around $2 billion in a new funding round led by Tiger Global Management, sources say. AdvertisementKong, which offers cloud-based application programming interfaces, is valued at around $2 billion in a new funding round led by Tiger Global Management, according to two sources familiar with the matter. Tiger Global declined to comment. Kong last raised $80 million in Series D funding in 2020, which valued the startup at $1.4 billion. Sapphire Ventures, Lombardstreet Ventures, Index Ventures, CRV, Andreessen Horowitz, and Notable Capital also participated in that round.

Persons: Kong, Tiger, —, Andreessen Horowitz, Goldman Sachs, Augusto, Aghi, Marietti, Marco Palladino Organizations: Kong, Tiger Global Management, Service, Tiger, Sapphire Ventures, Lombardstreet Ventures, Index Ventures, CRV, Capital, PayPal, Nasdaq, Volvo

☆ Cloud-API startup Kong valued at around $2 billion in a new funding round led by Tiger Global
▼ + stars: | 2024-10-09 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +2 min

It's valued at about $2 billion in a new funding round led by Tiger Global Management, sources say. AdvertisementKong, which offers cloud-based application programming interfaces, was valued at about $2 billion in a new funding round led by Tiger Global Management, two people familiar with the matter said. Tiger Global declined to comment. Kong last raised $80 million in Series D funding in 2020, which valued the startup at $1.4 billion. Sapphire Ventures, Lombardstreet Ventures, Index Ventures, CRV, Andreessen Horowitz, and Notable Capital also participated in that round.

Persons: Kong, Tiger, —, Andreessen Horowitz, Goldman Sachs, Augusto, Aghi, Marietti, Marco Palladino Organizations: Tiger Global Management, Service, Kong, Tiger, Sapphire Ventures, Lombardstreet Ventures, Index Ventures, CRV, Capital, PayPal, Nasdaq, Volvo

☆ The bull market turns two soon. History shows it should keep going, but some investors are wary
▼ + stars: | 2024-10-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Historical bull market records indicate that stocks are more than likely to rally further from here, according to Carson Group. The current bull market turns two years old this week (S & P 500 bottomed on October 12, 2022). Data from Carson Group analyzing S & P 500 data showed that the existing bull market is still just the second youngest of the 12 since 1950. "Although many might think this bull market has gone too far and is getting old, that isn't the case at all. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, believes that the bull market could have legs for another three to six months, maximum.

Persons: it's, Ryan Detrick, Kevin Gordon, Charles Schwab, Gordon, Komal, Kumar Organizations: Carson Group, CNBC, U.S, Sri, Kumar

☆ How Sri Pangulur went from building his own syndicate to co-leading Mayfield's Series B investing practice
▼ + stars: | 2024-10-07 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +7 min

He decided to formally create a syndicate called Overtime VC, investing up to $250,000 in seed and Series A rounds. Through Overtime, Pangulur invested nearly $20 million in 65 companies, with a focus on enterprise infrastructure and apps. Related storiesHe also continued investing through his syndicate, Overtime VC, and brought these firsthand experiences to the founders he advised. 'Cooking' at the Series BPangulur began raising his own venture fund based on the success of his syndicate fund, Overtime VC. Earlier this month, Pangulur announced two new investments he led: a $25 million Series B for billing infrastructure startup Orb and a $28 million Series B for TeamBridge, a workforce operating software startup.

Persons: Pangulur, parlayed, Mayfield, —, hackathons, Navin Chaddha, Chaddha, Lehman Organizations: Tribe Capital, Fund, Service, Security, Mayfield Fund, Case Western University, KeyBanc, Markets, Lehman Brothers, TeleSoft Partners, VC, Mayfield, Spring Fund, Chaddha Locations: Silicon Valley, Michigan, Ohio, North America, CloudFlare, —

Business Insider asked 27 venture-capital investors to nominate the most promising fintechs. VCs highlighted startups that haven't raised beyond a Series C.Here are the 49 most promising fintechs. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Business Insider asked 27 top investors — including Index Ventures, QED Investors, and Bain Capital Ventures — to name some of those diamonds in the rough. Check out the 49 startups identified as most promising by 27 top investors.

Persons: —, fintechs Organizations: Service, Business, Index Ventures, Bain Capital Ventures

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