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This investment will be channelled towards R&D capabilities, expanding market presence, with a focus on fostering long-term partnerships with AI hardware and product companies
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The company has raised USD 205 million from marquee investors including Accel, Chiratae Ventures, IFC, BCapital, Schroders, BII, Tiger Global and others
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This round also saw participation from existing investors such as Elevation Capital, Matrix Partners India (aka Z47), and Accel
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According to media reports, Accel, holding about 17 per cent stake, intends to sell over 5 million shares, while Blackbuck's co-founders are set to collectively sell 3.9 million shares
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