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PlanetSpark Charts A Path To Profitability, OfBusiness’ AI Moat & More
- Indian edtech startup PlanetSpark, backed by Binny Bansal, achieved profitability in FY25 by leveraging AI for personalization and content delivery, cutting losses by 70% and increasing revenue by 60%.
- PlanetSpark aims to tap into a INR 10K Cr domestic and INR 20K Cr global soft skills market, with a significant advantage from its deep data moat built over eight years.
- OfBusiness, gearing up for a $1 Bn IPO, is focusing on AI adoption through Nexizo, as Indian startups collectively raised $143.7 Mn in funding last week.
- Cornerstone is closing its $200 Mn fund by December, while CERT-In has issued warnings about AI app security risks like data poisoning and adversarial attacks.
- Rebel Foods plans for global expansion, while BharatPe secures a trademark injunction against 'Bharatpay', and O'Be Cocktails exits due to market misalignment.
- InnerGize, a hardware-focused mental health startup, aims to address India's mental health crisis by developing a wearable device reducing stress and anxiety.
- InnerGize has received over 1,200 orders for its device and plans to achieve $10 Mn in ARR, emphasizing the importance of affordable mental health solutions in India.
- Startup funding in India remains strong, but new-age tech companies witnessed fluctuating market caps last week, with both gains and losses reported.
- While PlanetSpark eyes an IPO and continued profitability, OfBusiness gears up for AI-driven growth ahead of its upcoming IPO.
- Various startups in different sectors continue to face challenges and opportunities in the evolving Indian market landscape, striving to innovate and succeed.
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