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Funding News
Medium
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How to Test the Product Without a Product: The Art of Testing Demand
- Testing demand without a product is crucial to avoid building something unwanted.
- 42% of startups fail due to no market need for their product.
- There are five effective methods to test demand before building a product.
- Timing, targeting the right audience, and managing expectations are key to successful demand testing.
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The Robot Report
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CMR Surgical raises $200M to expand Versius robot access across the U.S.
- CMR Surgical has secured over $200 million in funding to expand the accessibility of the Versius Surgical System in the U.S. and globally.
- The Versius Surgical Robotic System has been used in over 30,000 cases across 30 countries, offering clear clinical benefits for minimal-access surgery.
- CMR Surgical aims to capitalize on market expansion opportunities, particularly in the U.S., with Versius offering a transformative solution for surgical teams.
- Versius is a portable, modular robotic system designed to enhance surgery precision and efficiency, with biomimicking features for optimal outcomes.
- The system integrates 3D HD vision, adaptive instrument control, and ergonomic features for improved surgical performance and reduced fatigue.
- Versius supports continuous learning through data capture and digital tools, enhancing surgical care and offering insights for better outcomes.
- CMR Surgical's Versius is increasingly adopted in various surgical specialties, positioning it as a leading soft-tissue surgical robot globally.
- The company is conducting clinical trials to further demonstrate Versius's capabilities, including pediatric surgery and transoral robotic surgery applications.
- CMR Surgical's successful funding round includes participation from existing major investors and Trinity Capital, aiming to drive rapid commercial expansion and innovation.
- Lord Vallance lauds the funding round as a testament to the potential of surgical robotics, with CMR focused on advancing global surgical care with Versius.
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Bloomberg Quint
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'New Chapter Begins': Haldiram's CEO Announces Merger Of Delhi, Nagpur Units
- Snacking major Haldiram's has announced the official merger of its Delhi and Nagpur units.
- The merger has created a new entity called Haldiram Snacks Food Private Limited (HSFPL).
- According to the CEO, the merger brings together legacy, passion, and a shared vision for the future.
- The company aims to expand its reach globally while maintaining what makes Haldiram's special.
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TechCrunch
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Former Tesla exec Drew Baglino’s new startup is rethinking the electrical transformer
- Former Tesla executive Drew Baglino has launched a new startup called Heron Power.
- Heron Power is developing solid-state transformers for the electric grid and is raising $30-50 million for a Series A funding round.
- Solid-state transformers are more capable, compact, and can be actively managed, offering improved grid stability.
- Other startups, such as Amperesand, are also attempting to disrupt the transformer market.
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Bloomberg Quint
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India, Portugal Hold Talks To Strengthen Cooperation At UN, Other Multilateral Forums
- India and Portugal have agreed to strengthen cooperation in the United Nations and other multilateral forums.
- The two leaders discussed mutual interests, global and regional issues, and plan to enhance bilateral ties in various fields.
- Trade between India and Portugal is valued at $1.5 billion, with a 50% increase over the last five years.
- The visit of President Droupadi Murmu to Portugal marks 50 years of re-establishment of diplomatic relations between the two countries.
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Bloomberg Quint
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US Tariffs Hit Unlikely Target: Monkeys Used In Covid Research
- President Donald Trump’s new tariffs will likely make imports of long-tailed macaques that US pharmaceutical companies use for trials 40% more expensive.
- Mauritius supplied 60% of the primates needed by American pharmaceutical research in 2023 and shipped 13,484 monkeys last year, according to the Indian Ocean island nation.
- Mauritius earns $200 from each monkey export and uses the proceeds for conservation initiatives, the minister said before the US tariff announcement.
- From a biodiversity perspective, Mauritius sees long-tailed macaques as an invasive species that also pose a danger to farms and citizens, according to the minister.
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Bloomberg Quint
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Government To Soon Shortlist Entities Under India AI Mission, Says Ashwini Vaishnaw
- The government will soon shortlist entities that will receive funding under the India AI Mission, according to IT Minister Ashwini Vaishnaw.
- The evaluation of AI-Large Language Model applications is in the final stage.
- The government had received 67 applications for its proposed AI platform.
- The Centre of Excellence for semiconductors and microelectronics at Delhi Technological University has been inaugurated by the minister.
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Bloomberg Quint
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Xi Jinping Vows To ‘Fully Unleash’ China's Consumption Potential In Face Of Trump Tariffs
- Chinese President Xi Jinping vows to ‘fully unleash’ China's consumption potential to spur growth amid a tariff war with the US.
- Revitalizing consumption, expanding domestic demand, and enhancing investment efficiency are top priorities on China's agenda.
- Stabilizing the economy and markets in the face of US President Donald Trump's tariff onslaught is being discussed by Chinese policymakers.
- To continue economic growth, China must increase consumption by 5 to 8 percentage points as a share of GDP in the next five years.
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Medium
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Low-Risk Investment Options Some of the best investment plans carrying low risk are as follows-
- A Public Provident Fund is a government-backed investment option that provides a risk-free return.
- Money Market Funds are short-term debt funds that aim to provide good returns while maintaining liquidity.
- Municipal Bonds are debt instruments issued by municipal corporations for financing development projects.
- A Certificate of Deposit is a term deposit offered by banks without the option of premature redemption.
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Bloomberg Quint
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'Our Role Misrepresented': BookMyShow Clarifies After Kunal Kamra's Open Letter
- BookMyShow clarifies its role after Kunal Kamra's open letter.
- BookMyShow states that its role is to provide a platform for ticket sales of live shows and does not represent the views of the performers.
- BookMyShow denies restricting any artist from selling their show on their own website.
- Kunal Kamra requests BookMyShow to either not delist him or provide him with the contact information of his audience from their platform.
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Bloomberg Quint
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Finance Ministry To Meet Public Sector Bank Heads On April 17 To Discuss Performance, Schemes
- The finance ministry has called a meeting of heads of public sector banks on April 17 to review the financial performance of banks and discuss targets for flagship schemes of the government.
- The meeting will be chaired by Financial Services Secretary M Nagaraju.
- The meeting will also discuss the financial performance of banks during the previous fiscal year and set targets for financial inclusion schemes.
- Public sector banks have recorded the highest-ever net profit of Rs 1.29 lakh crore in the April-December period of the current fiscal year.
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Bloomberg Quint
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India And Portugal Strengthen Bilateral Ties In Trade, Energy
- India and Portugal have agreed to deepen bilateral ties, particularly in trade and investment, renewable energy, and connectivity.
- During the talks, the two sides also agreed to strengthen cooperation in the United Nations and other multilateral forums.
- Trade between India and Portugal is valued at $1.5 billion and has been growing steadily, with a 50% increase over the last five years.
- The visit marks the 50 years of re-establishment of diplomatic relations between the two countries.
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Bloomberg Quint
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Due To Bomb Threat, IndiGo Flight Lands Under Full Emergency Conditions In Mumbai
- A Mumbai-bound IndiGo flight from Jaipur landed in Mumbai under full emergency conditions due to a bomb threat.
- The flight landed safely at around 8.50 p.m. and the aircraft is currently parked at a remote bay as part of the security protocol, they said. The number of people on board was not immediately known.
- "Full emergency was declared for IndiGo flight 6E 5324 from Jaipur to Mumbai of April 7 due to a bomb threat," said a source.
- Without giving specifics, the source said that a note of a bomb threat to the flight was found in one of the aircraft's lavatories, after which the flight made an emergency landing.
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Bloomberg Quint
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Mutual Funds Deployment Into Equity Market Lowest Since July 2023
- Mutual funds' net investment in Indian equity market has declined to its lowest in over one-and-a-half years amid global headwinds.
- The net investment by mutual funds into the Indian equity market has significantly cooled, with the deployment coming down to Rs 13,458.85 crore in March, the lowest since July 2023.
- The previous record-low deployment was seen in July 2023, at Rs 7,707 crore. Since then, it has been over Rs 15,000 crore.
- The recent decline is likely based on the fall in the broader markets. This headwinds that were coming in from geopolitical changes and shifts had a direct impact on the markets back home as well.
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Pymnts
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Janover Raises $42 Million to Accelerate Acquisition of Digital Assets
- Janover, a platform that connects the commercial real estate industry, has raised $42 million to accelerate its acquisition of digital assets.
- The company plans to acquire digital assets in the Solana ecosystem through U.S. public markets.
- Former leaders of crypto platform Kraken have acquired majority ownership in Janover, aiming to bridge the liquidity gap between traditional finance (TradFi) and decentralized finance (DeFi).
- Janover will continue to operate its core business as a platform providing data and software subscriptions to multifamily and commercial property professionals, while transitioning to a software-as-a-service (SaaS) business model.
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