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Startupreporter
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Mindful Hiring and Workforce Well-Being- A New Imperative at IMF 2024
- The International Maritime Federation hosted an event on mindful hiring and workforce well-being in December 2024.
- Susheel Agarwal, CEO of Ethika Insurance, advocates for hiring practices that prioritize talent, mental wellness, and health security.
- The event unveiled a revolutionary crew insurance product that provides comprehensive coverage for maritime professionals.
- Mindful hiring is a transformative philosophy that focuses on execution-driven talent and integrates mental health as a core tenet.
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TechCrunch
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AI startups attracted 25% of Europe’s VC funding
- 25% of VC funding into Europe, approximately $13.7 billion, went to AI startups this year.
- European AI companies have doubled in value in four years, reaching $508 billion.
- 349,000 people were employed by AI companies in Europe this year, a 168% increase since 2020.
- Adoption of AI is expected to continue increasing, but the notion of a separate 'AI sector' is diminishing.
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Yourstory
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Razorpay marks decade milestone with ESOPs worth Rs 1 lakh to all employees
- Razorpay, a digital payments and banking solutions unicorn, has extended ESOPs worth Rs 1 lakh to all current employees to mark its 10-year journey.
- This is part of the company's ongoing ESOP initiatives, which started with its first buyback in 2018, benefiting 140 employees, and a $75 million buyback in 2022 benefiting 650 current and former employees.
- Razorpay, founded in 2014, provides payment and banking solutions for Indian businesses and has a Total Payment Volume (TPV) of $180 billion, serving over 300 million end consumers.
- The company has raised $741.5 million in funding and recently launched a venture investment program to support early-stage B2B startups.
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Gritdaily
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EdgeIn Merges with Xade Finance to Launch AI-powered Web3 Data Products
- EdgeIn has merged with Xade Finance to launch AI-powered Web3 data products.
- EdgeIn 2.0 has been launched, offering 100M Web3 data points and a community of over 1M pageviews.
- The merger combines the deep Web2 expertise of EdgeIn with the core Web3 talent of Xade.
- The team aims to create a 'Super App' to manage Web3 market data, business graphs, and finances on one platform using AI.
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Yourstory
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Agritech in 2025: Building on the momentum of 2024
- The agricultural future is not a story of decline but radical innovation.
- Exciting areas for investment include innovative financing models, climate adaptation technologies, high-value applications for agricultural waste, and convergence of agricultural technology with other sectors.
- Hybrid financing mechanisms bridge lending gaps, making transformative technologies more accessible for small farmers.
- Precision agriculture technologies prioritize climate resilience and integrate real-time climate modelling and adaptive irrigation systems.
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Yourstory
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Why the jobs market is cautiously optimistic; EV startups hit the road in 2024
- The hiring landscape in 2024 saw a balance between caution and optimism with an increased focus on strategic hiring.
- Hiring for freshers and entry-level roles grew due to rising demand for AI, cloud computing, and data analytics skills.
- Krishna Vij from TeamLease Digital commented that the 2024 layoff wave was caused by the global economic climate, automation, and startup funding challenges.
- Experts predict stronger hiring in 2025, with a projected 9% growth in hiring.
- In 2024, EVs became mainstream, with 1.8 million sold in India by November, but companies faced challenges including high costs and lack of subsidies.
- Atheer Energy, Ola Electric, and other EV companies plan to enter public markets.
- Indian investors increasingly bet on Bitcoin and altcoins, with a shift toward long-term investment strategies.
- CoinDCX reported significant growth in trading volume and assets under management, as well as increasing representation by women.
- Telegram surpassed $1 billion in revenue in 2024 and became profitable.
- US launched an investigation into Chinese semiconductor production.
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Yourstory
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After a year of cautious optimism, job market heads towards brighter days, but upskilling is imperative
- The hiring landscape in 2024 witnessed a delicate balance between caution and optimism, after a few years of over-hiring, mass layoffs, and economic headwinds.
- Despite the economic challenges, the hiring activity in India improved in 2024 and surged by 10.05%.
- Freshers and entry-level roles hiring surged in 2024, driven by strong demand for skills in artificial intelligence (AI), cloud computing, and data analytics.
- Hiring for mid-level management roles remained stable, with selective additions aligned to business growth.
- Compared to 2023, hiring for top management roles slowed as companies prioritised cost optimisation and internal promotions.
- Shortage of talent in niche areas, skill gaps, and fierce competition to hire top-tier candidates were some of the challenges faced in 2024.
- With automation and evolving business needs reshaping job roles, upskilling is key to remaining competitive in the job market.
- Experts predict hiring activity to be stronger in 2025, with a projected 9% growth in hiring, particularly in blue-collar and junior roles.
- Hiring trends in 2025 will be shaped by the needs of companies operating in green energy, electric vehicle manufacturing, AI-driven industries, and GCCs.
- The gig economy and flexible work models will expand, leading to increased recruitment, while upskilling is essential for all professionals to remain competitive.
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ISN
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Fabless semiconductor design startup Mindgrove raises $8 million in a Series A round
- Chennai-based semiconductor design startup, Mindgrove Technologies, has raised $8 million in a Series A funding round.
- The funding round was co-led by Rocketship.vc and Speciale Invest, with participation from other investors.
- Mindgrove focuses on designing state-of-the-art SoCs under the brand name Mindgrove Silicon catering to both Indian and global markets.
- The company plans to use the funding to expand its workforce, enhance engineering capabilities, and accelerate chip production and sales.
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SiliconCanals
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Groningen’s Future Tech Ventures invests €350K in IonIQs to extract lithium from wastewater: Know more
- Groningen-based Future Tech Ventures (FTV) has invested €350K in IonIQs, a startup that extracts lithium from wastewater.
- IonIQs has developed a sustainable technology that filters wastewater efficiently, reduces water consumption, and recovers pure lithium.
- The company aims to achieve a purity of 99.5% for lithium and plans to scale up its capacity in the long term.
- Future Tech Ventures is a proof-of-concept fund in the Northern Netherlands, supporting high-tech startups.
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Siliconangle
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Coralogix acquires Aporia to enhance AI and machine learning observability
- Coralogix has acquired Aporia Technologies, a machine learning observability startup.
- Aporia offers a machine-learning observability platform for monitoring and controlling defects in machine learning models.
- Coralogix aims to combine AI and software insights to provide end-to-end visibility and actionable insights.
- The acquisition includes the launch of Coralogix AI research center to focus on solving fundamental problems in AI.
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Startup Pedia
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Zomato Becomes First Indian Startup to Join BSE Sensex 30 Replacing JSW Steel
- Zomato has become the first Indian startup to join the BSE Sensex 30, replacing JSW Steel Limited.
- Zomato's shares have surged by 45% in the past six months, outperforming the market index.
- The company achieved profitability in Q1 FY24 and recorded a fivefold increase in net profit in Q2.
- Zomato recently raised Rs 8,500 crore through a QIP to support its expansion plans.
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Startup Pedia
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Meet this IIT Madras grad who is making waves in the US with his startup Perplexity AI, now valued at more than $9 billion
- Perplexity AI, founded by Indian-origin CEO Aravind Srinivas, is a conversational search engine tool valued at over $9 billion.
- Backed by prominent investors, Perplexity AI aims to build the world's most knowledge-centric company.
- Sridhar Ramaswamy, CEO of Snowflake, commended Perplexity's API-driven approach and successful product innovation.
- Aravind Srinivas, an IIT Madras graduate and former research scientist at OpenAI, has been waiting for his green card status in the United States.
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Hitconsultant
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Vitalic Launches Geriatric Behavioral Health Platform for Seniors
- Vitalic has launched its geriatric behavioral health platform, which aims to address the mental health needs of older adults.
- The platform has received $4 million in seed funding from Redesign Health and VNS Health.
- With 25% of adults aged 65 and older experiencing mental health issues, the need for accessible and specialized care for seniors is critical.
- Vitalic offers specialized geriatric treatment, team-based care, and proactive patient engagement through its platform.
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Inc42
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Aditya Birla Capital Integrates Credit & Insurance Offerings On ONDC
- Aditya Birla Capital integrates lending, insurance, and investment services on ONDC.
- This makes ABCL the first financial services company to integrate all three offerings on the network.
- The integration aims to simplify access to financial products and enhance user experience.
- ABCL's offerings will be available on ONDC via multiple buyer apps.
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Inc42
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K’taka Approves Zoho-Backed Silectric’s INR 3,426 Cr Semiconductor Plant
- The Karnataka government has approved Zoho-backed Silectric's proposal to set up a semiconductor manufacturing unit in the state.
- The plant will be located at the Kochanahalli electronics manufacturing cluster near Mysuru and is expected to create 460 jobs.
- Silectric plans to build a silicon carbide-based fabrication and assembly, testing, marking and packaging unit.
- The company aims to manufacture products such as ingots, wafers, MOSFETs, and modules at the new unit.
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