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Inc42

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Karnataka Plans To Unveil Its Own AI Mission: Report

  • Karnataka government plans to launch a dedicated AI Mission to regulate AI use.
  • The state aims to include the AI framework policy in the upcoming Karnataka IT policy 2025-30.
  • The AI framework discussions coincide with the state's AI Workforce Impact Study.
  • Karnataka's mature startup ecosystem received significant funding for AI startups, and Bengaluru emerged as a well-funded hub.

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Exclusive: Battling For Survival, Stellaris-Backed BeepKart Shuts Chennai Ops

  • Two-wheeler marketplace BeepKart shuts down operations in Chennai amid financial challenges.
  • Layoffs, closures of stores, high-profile exits, and fiscal losses contribute to the downfall.
  • BeepKart's expansion plans, high refurbishment costs, and tough competition led to shutting down.

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Medium

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How First-Time Founders Can Reach Out to Global VCs.

  • Warm introductions through mutual contacts are the most effective way to reach VCs.
  • Cold outreach via personalized emails can also be successful if done correctly.
  • Leveraging accelerators like Y Combinator and engaging in communities can provide credibility and connections.
  • Building a public presence on social media and demonstrating early traction are key to gaining VCs' attention.

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Zepto Cafe Scaling Down Operations Amid Supply Chain Issues: Report

  • Zepto Cafe is scaling down its 10-minute food delivery service due to supply chain issues and a shortage of trained staff.
  • The startup is also slowing down its expansion efforts to manage cash burn, according to sources.
  • Zepto has delayed the launch of its dark stores.
  • The quick food delivery arm of Zepto temporarily closed operations in 44 cafes, affecting over 400 employees, mainly in northern India.

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Healthtech Startup Truemeds Bags $20 Mn From Peak XV

  • Mumbai-based healthtech startup Truemeds secures $20 Mn from Peak XV Partners in Series C funding round.
  • Truemeds raises the amount through issuing Series C2 compulsory convertible preference shares, planning to use it for business advancement and growth, with a post money valuation over $400 Mn.
  • The recent funding is in addition to the $44 Mn raised from Accel India VII (Mauritius) Ltd in March, bringing the total Series C funding to $64 Mn.
  • Founded by Akshat Nayyar and Kunal Wani, Truemeds focuses on providing alternative medicine brands and affordable options, extending to personal care products, vitamins, supplements, and healthcare devices.

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Startup Pedia

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Deepinder Goyal Dismisses Reports That Aviation Startup Backed By Him Has Brought A Private Jet

  • Zomato CEO Deepinder Goyal dismissed reports of a startup backed by him purchasing a private jet.
  • Deepinder Goyal clarified that the startup, LAT Aerospace, is not involved in buying planes but focuses on developing them for regional aviation.
  • LAT Aerospace, co-founded by Surobhi Das and Deepinder Goyal, aims to revolutionize regional travel with 24-seater STOL aircraft.
  • The reports claiming the purchase of a Bombardier Global Jet were deemed 'clickbaity' by Deepinder Goyal, who expressed a desire to own a private jet in the future.

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ISN

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ChrysCapital to acquire 90 % stake in Indian bakery chain Theobroma for Rs 2,410 crore: Report

  • ChrysCapital is set to acquire a 90% stake in Theobroma Foods, a popular bakery chain in India, for Rs 2,410 crore.
  • ICICI Venture, the current investor in Theobroma, is exiting the company entirely as part of the deal.
  • The founders of Theobroma will retain about 10% equity after the acquisition by ChrysCapital.
  • Theobroma, known for its brownies and cakes, has scaled to over 200 stores across 30 Indian cities and is expected to report a revenue of Rs 525-550 crore in FY25.

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ISN

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Fashion quick commerce platform Zulu Club raises $250K to expand presence in Delhi NCR

  • Gurugram-based fashion quick commerce platform Zulu Club has raised $250,000 in a pre-seed funding round led by TDV Partners.
  • Zulu Club offers a unique shopping experience allowing customers to order from trusted malls and outlets and receive pre-curated Try-at-Home kits within 100 minutes.
  • The platform aims to address fashion e-commerce challenges like high return rates by enabling cross-selling and upselling through a more personalized shopping experience.
  • Zulu Club plans to expand its presence in Delhi NCR by leveraging the funding to enhance its services, improve personalization features, and deepen partnerships with outlet stores and mall retailers.

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How Lauren Petrullo Uses AI to Scale Marketing and Grow Brands Fast

  • Lauren Petrullo, the founder of Mongoose Media, embraces burning $5,000 on marketing as essential for gathering data, not immediate results.
  • Petrullo leverages AI tools like Chatbot Builder and Jasper to scale marketing efforts and increase conversions through more personalized interactions.
  • She emphasizes the importance of building trust with consumers through personalized, culturally relevant messaging and advocates for investing money wisely in business growth.
  • Petrullo encourages brands to focus on 'edutaining' content, embrace radical inconsistency, and prioritize hobbies as a strategy to prevent burnout in entrepreneurship.

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Startup Pedia

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Google brings 1 year of free Gemini AI Pro subscription worth ₹19,500 for Indian students

  • Google is offering Indian students a 1-year free subscription to its Gemini AI Pro plan, previously available only to U.S. students, worth Rs 19,500.
  • Eligible students must be 18 years or older, reside in India, have a personal Google Account, and subscribe to Google AI Pro through the Google Play Store.
  • The offer includes benefits such as expanded storage, AI-powered text-to-video tools, Gemini integration, and more.
  • After the complimentary year, standard Google One subscription charges will apply, with registration deadline set as September 15, 2025.

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Inc42

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Sarvam To Open Source Its Models Under IndiaAI Mission

  • Bengaluru-based GenAI startup Sarvam AI will be open sourcing its models trained under the IndiaAI Mission.
  • LLMs sponsored by the central government will be made open source according to IndiaAI Mission chief executive Abhishek Singh.
  • Sarvam has received the highest subsidy under the IndiaAI Mission, amounting to INR 98.68 Cr against a bill of INR 246.71 Cr for access to 4,096 Nvidia H100 GPUs for six months.
  • Sarvam's model will focus on reasoning, support voice-based tasks, work across Indian languages, and is being designed for secure, population-scale use with a plan for full development, deployment, and optimization within India.

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Nvidia boss expects to get first H20 China export licenses soon

  • Nvidia's CEO, Jensen Huang, expects to receive the first batch of US licenses to export H20 AI chips to China soon, allowing the company to resume sales of the sought-after component in the semiconductor market.
  • While awaiting export permissions from Washington, Nvidia has reassured that orders are in place to fill once the licenses are granted.
  • The US government plans to green-light export licenses for Nvidia's H20 AI chips, potentially boosting the company's revenue and enabling it to fulfill previously restricted orders.
  • Nvidia's CEO praised China's contributions to artificial intelligence and highlighted Nvidia's role in powering global AI applications, emphasizing the importance of collaboration in advancing technologies.

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Inc42

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Kettleborough VC Launches Second Fund With INR 80 Cr Target Corpus

  • Nisarg Shah-led Kettleborough VC launches its second fund with a target corpus of INR 80 Cr.
  • The Fund II has already secured INR 35 Cr in its first close, backed by undisclosed investors and family offices in India and the US.
  • Kettleborough VC plans to invest in startups across sectors like fintech, full stack commerce solutions, vertical SaaS, and agentic AI-led platforms, with an initial investment ranging from $300K-500K.
  • Several other VCs in India are also launching early-stage funds to support startups, as the ecosystem shows promise with significant fundings in seed-stage startups.

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Medium

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Why Global VCs Should Pay Attention to Bangladeshi Startups — Right Now

  • With over 125 million people having internet access through mobile phones and a median age of 27, Bangladesh presents a rapidly growing market for digital services.
  • The country's massive consumer base is largely underserved, creating opportunities for innovation and tech-driven solutions in various sectors like finance, education, healthcare, and logistics.
  • Bangladeshi startups, like ShopUp and Chaldal, are gaining traction by addressing real-world problems with scalable solutions, attracting funding from both regional and global venture capitalists.
  • While global investor competition in Bangladesh is currently low, the country offers attractive entry points, long-term upside, and the opportunity for VCs to support impactful startups that address critical issues while building sustainable business models.

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Startup Pedia

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Raised In Humble Family, Noida Founder Built a ₹35 Cr Logistics Business, Now Eyes ₹400 Cr in 3 years with His Bakery Venture- Bakeats

  • From humble beginnings, Pankaj Mishra, a Noida-based entrepreneur, shares his journey to success.
  • Starting with a logistics business, he now ventures into the FMCG industry with Bakeats.
  • Bakeats aims to offer premium bakery products at affordable prices and focuses on quality.
  • With innovative flavors, unique packaging, and a Made-in-India approach, Bakeats sets itself apart.
  • Investments, expansion plans, and a people-centric approach drive Bakeats' vision for growth.

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