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Yourstory

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Infra.Market secures Rs 1,050 Cr in pre-IPO round; prepares to list on bourses

  • Infra.Market, a technology-enabled building materials platform, has secured Rs 1,050 crore in its pre-IPO funding round.
  • The funding round boosts the company's valuation to Rs 24,147 crore.
  • Prominent investors, including Tiger Global, Evolvence, and Ashish Kacholia, participated in the funding round.
  • Infra.Market has partnered with eight major investment banks for its upcoming public listing.

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Medium

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Call for startups! Career navigation and pathways

  • The world of work is rapidly transforming, and people need access to tools, skills, and confidence to adapt.
  • There is a lack of quality advice for young people regarding their first job and career trajectory.
  • By 2027, freelancers and temporary workers are expected to make up the majority of the US workforce.
  • Emerge is seeking founders who are building AI-enabled career navigation tools and resources for job seekers and small business owners.

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AllTopStartups

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Understanding Cash Advance Limits on Your Credit Card

  • Credit cards provide cash advance options for emergency cash, but limits apply.
  • A cash advance is like a loan taken out from your credit card, allowing you to withdraw money from an ATM with your credit card.
  • A cash advance limit is placed on the maximum amount you can withdraw with your credit card, typically lower than your regular credit limit.
  • The limit assures the credit card provider that you’ll be able to pay back the loan, and part of your credit limit still remains available for other purchases.
  • Before taking out a cash advance, take note that they have higher interest charges and different fees compared to regular credit card purchases.
  • Knowing the cash advance limit can help you plan your purchases, and you should not let the withdrawal max out your limit.
  • It’s wise to consider alternative options before using a cash advance, such as borrowing from family or friends.
  • If using a cash advance, make sure you are doing so wisely, keeping the amount within reason and limiting it to emergencies.
  • Most credit card providers don’t count cash advances as transactions that can earn reward points or cashback.
  • Consider turning off cash advances on your credit card as a security measure against unauthorized withdrawals.

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Medium

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Revolutionary Ed-tech Innovation: EduSphere – The Future of Affordable Quality Education

  • EduSphere is a revolutionary startup aiming to provide affordable, quality education through a futuristic AI-driven educational ecosystem.
  • It combines technologies like VR, IoT, and sustainable innovations to create personalized and immersive learning experiences.
  • EduSphere addresses the cost barrier, engagement gap, lack of inclusivity, and skill mismatch in education.
  • With its unique features, affordable pricing, and scalable business model, EduSphere aims to reach a global audience of students and transform education.

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Yourstory

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Tiger Global-backed Scaler cuts losses by 58% in FY24, revenue up 21%

  • Scaler, a Tiger Global-backed edtech firm, has reduced its losses by 58% in FY24 while its revenue increased by 21%.
  • The company's consolidated loss in FY24 was Rs 138.8 crore, down from Rs 330.2 crore in the previous fiscal year.
  • Scaler's expenses decreased by 22.1% to Rs 474.3 crore in FY24, while operating revenue rose 21.4% to Rs 384.5 crore.
  • The growth is driven by the rising demand for tech-focused upskilling, particularly in artificial intelligence, machine learning, and data science.

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Economic Times

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Edtech firm Bambinos aims Rs 100 crore in annual recurring revenue in 2025

  • Edtech firm Bambinos aims for an annual recurring revenue of Rs 100 crore by 2025.
  • Bambinos is an online English tutoring platform for children aged 4-14, focusing on foundational life skills.
  • Less than 10% of the Indian population speaks English fluently, which Bambinos aims to bridge through high-quality education.
  • Bambinos plans to expand to 100 cities across India by 2025 and has generated revenue of Rs 24 crore in 2024.

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Startupreporter

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H.M. Electro Mech Limited IPO Opens on 24th January, 2025

  • H.M. Electro Mech Limited IPO is set to open on 24th January, 2025.
  • The IPO aims to raise up to ₹ 27.74 crores and will be listed on the BSE SME platform.
  • The issue size is 36,99,200 Equity Shares with a price band of ₹ 71 to ₹ 75 per share.
  • The net proceeds will be used for working capital requirements and general corporate purposes.

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AllTopStartups

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Delayed Injury Symptoms After a Car Accident

  • Delaying injury symptoms after a car accident is common.
  • Injuries like whiplash, concussions, and soft tissue damage may not show symptoms immediately.
  • Common delayed symptoms include headaches, neck and shoulder pain, and back pain.
  • Seeking medical attention and legal guidance is crucial for proper treatment and navigating post-accident scenarios.

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Inc42

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OpenAI’s ChatGPT Down Globally Due To Likely Server Overload

  • OpenAI's ChatGPT, the world's largest AI chatbot, is currently down globally causing panic among users.
  • Around 4,000 Indian users reported non-functionality of ChatGPT in the past hour.
  • The web server is displaying a bad gateway error (502) indicating possible server overload or network issues.
  • OpenAI is investigating the partial outage and working to resolve the elevated error rates.

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SiliconCanals

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British cloud software group Aries Global invests in Dutch SaaS scaleup Workspace 365: Know more

  • Dutch SaaS scaleup Workspace 365 announces strategic partnership with UK-based cloud software group Aries Global.
  • Aries Global acquires shares held by Value Creation Capital and Oost NL, making Workspace 365 jointly owned by its founders and Aries Global.
  • The partnership enables Workspace 365 to scale further and innovate, including deeper integration of AI and machine learning.
  • Workspace 365's management team will remain in place and leverage Aries' Growth & AI infrastructure for international scaling and product enhancements.

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Startup Pedia

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“They always decide the rates,” Nitin Gadkari calls steel and cement cartels in India a big problem

  • Nitin Gadkari criticizes steel and cement cartels as a hindrance to infrastructure growth.
  • Gadkari proposes the use of FRP as an alternative to reduce reliance on steel and cement.
  • India's steel industry concerns about increasing imports and becoming a net importer.
  • Gadkari announces significant reduction in hydrogen production costs and aims for India to become an energy exporter.

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ISN

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OpenAI's ChatGPT goes down; netizen says, 'Looks like our AI buddy is taking a break'

  • OpenAI's popular AI chatbot, ChatGPT, experienced a global service disruption.
  • Users faced difficulties accessing the website and chat app, encountering a 'Bad gateway' error page.
  • OpenAI's official status page claimed all systems were operational, despite user reports of outage.
  • The disruption led to discussions on social media, with users sharing memes and checking for similar issues.

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Eu-Startups

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HealthTech Sycai Medical raises €3 million to improve early diagnosis of cancer in the abdomen

  • Barcelona-based HealthTech startup, Sycai Medical, has raised €3 million in a recent investment round.
  • The funding will be used to develop and commercialize their AI-driven digital medical device that detects early cancer and pre-malignant lesions in the abdomen.
  • Sycai Medical's product automates the detection and characterization of pre-malignant lesions, enabling early diagnosis and patient monitoring.
  • The funds will also be used to expand the product's scope and obtain FDA approval.

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Medium

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Q4 Wrapped

  • Venture capital firm MMC Ventures invested in H2Site's €36m series B, which is aimed at developing its proprietary reactor technology that separates hydrogen from gas stream.
  • MMC Ventures has backed Viking Autonomous Marine Solutions MD Kim Baerfuss' new venture HarfangLab.
  • Start-up Microsec has launched the world's first AI-based, automated cybersecurity platform designed to comply with IEC 62443 assessments.
  • Freight tech Quicargo, which uses data and predictive analytics to connect shippers and carriers in real-time, raised approximately $3.8m in funding.
  • Qapita and Aspire have been named on the Fintech100 list, while mental health tech start-up HelloBetter has received €3m ($3.4m) in innovation funding.
  • Diabetes management programme Sugar.fit has roped in Indian cricket legend Sachin Tendulkar as its brand ambassador.
  • Testsigma has introduced Codeless Accessibility Testing, an automated WCAG 2.2 compliance tool for businesses and developers.
  • HarfangLab has achieved top scores in MITRE's 2024 evaluations, with 100% for detection and 99% for accuracy.
  • HQ.xyz has achieved SOC 1 and SOC 2 Type II compliance, reflecting its commitment to the highest security and data privacy standards.
  • MMC Europe & APAC was busy in Q4, with its executives attending multiple events such as Google and Wavemaker Partners' meetup for B2B SaaS founders in Singapore.

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Medium

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Navigating the Journey from 0 to 1: A Product Manager’s Perspective

  • The journey from 0 to 1 is about innovation and discovery
  • In the 0 to 1 phase, decision-making is more instinctual and reactive
  • In the 1 to n phase, decisions are data-driven and based on quantitative metrics
  • Team structures become more defined and roles clearer as we transition from 0 to 1

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