A naukri.com initiative
Startup News
Yourstory
14m
311
Image Credit: Yourstory
Venturi Partners acquires stake worth $27M in K12 Techno from Navneet Education
- Venturi Partners acquires stake worth $27 million in K12 Techno from Navneet Education.
- Venturi Partners, a venture capital firm, has purchased a 5.12% stake in K12 Techno Services for $27 million.
- This investment came from Venturi Partners' $180 million fund, and they will collaborate with existing shareholders to support K12 Techno's management team.
- K12 Techno provides education services to over 800 private educational institutions in India and has shown significant revenue growth over the last five years.
Read Full Article
Like
Inc42
22m
482
Image Credit: Inc42
Ex-BharatPe CBO Pratekk Agarwaal’s GrowthCap Ventures To Close Maiden INR 50 Cr Fund In 2 Months
- GrowthCap Ventures, led by ex-BharatPe CBO Pratekk Agarwaal, aims to close its maiden INR 50 Cr fund in the next two months.
- The fund will allocate 60% of its corpus for fintech investments, 30% for SaaS startups, and 10% for deeptech startups.
- The SEBI-registered Category-II AIF has already invested in Advance Mobility and has limited partners like Beerud Sheth of Gupshup and former chief digital officer of Kotak Mahindra Bank Deepak Sharma.
- Agarwaal plans to launch a growth stage VC fund, 'Winners Fund', with a corpus of INR 250 Cr next year.
Read Full Article
8 Likes
Pymnts
23m
462
Image Credit: Pymnts
Paymerang Says Acquisition by Corpay Will Help Create Jobs
- Paymerang is set to be acquired by Corpay, a move that will help Paymerang continue its mission and generate new job opportunities.
- Corpay announced the planned acquisition in a press release, with Paymerang confirming the news on LinkedIn.
- The acquisition will combine Paymerang's accounts payable automation solutions with Corpay's corporate payments capabilities, expanding their presence in various sectors such as education, healthcare, hospitality, and manufacturing.
- The transaction is expected to close in the second quarter, pending regulatory approval and standard closing conditions.
Read Full Article
9 Likes
Siliconangle
56m
494
Image Credit: Siliconangle
DEEPX raises $80.5M in fresh funding to mass produce its AI chips
- South Korean AI chip developer DEEPX has secured $80.5 million in funding for mass production of its AI chips.
- The funding round was led by SkyLake Equity Partners and included BNW Investments, AJU IB, and TimeFolio Asset Management.
- DEEPX's flagship chip line consists of four chips optimized for AI workloads, with performance ranging from 5 to 400 TOPS.
- The company plans to use the funding to accelerate mass production and establish distribution agreements, with initial testing conducted by automakers Hyundai Motor Co. and Kia Corp.
Read Full Article
10 Likes
ISN
18m
320
Image Credit: ISN
Nawgati launches ‘Nawgati Billing App’ to boost transparency at CNG fuel stations
- Nawgati has launched the 'Nawgati Billing App' to revolutionize the fueling payment process and enhance transparency at CNG stations.
- The app integrates with existing Android POS machines, providing real-time access to transaction information.
- It ensures accountability and combats theft and discrepancies in the fueling process.
- The app offers transparency to pump owners and aims to optimize operational efficiency.
Read Full Article
Like
Killerstartups
22m
378
Image Credit: Killerstartups
DeepMind’s AlphaFold enhances protein prediction with diffusion engine
- Google’s subsidiary DeepMind has enhanced its protein-folding software, AlphaFold, by introducing a diffusion engine to improve protein prediction.
- AlphaFold simplifies the process of deciphering protein 3D structures and accurately predicts complex protein structures and their interactions.
- The latest version, AlphaFold 3, offers improved accuracy and a broader range of applications in health-related research.
- The incorporation of a diffusion module in AlphaFold enables accurate predictions for nearly 97% of test structures, including individual atom positions and protein interfaces.
Read Full Article
4 Likes
ISN
22m
479
Image Credit: ISN
Zeta launches new stack for banks to power credit transactions on UPI
- Zeta has launched a new stack to support credit line-based transactions on the Unified Payments Interface (UPI), aiming to revolutionize credit distribution in India's fintech landscape.
- Zeta aims to capture 50% of the trillion-dollar credit disbursals market on UPI by 2030.
- Backed by SoftBank, Sodexo, and Mastercard, Zeta will operate as a technology service provider (TSP) for banks through its digital credit-as-a-service platform.
- Zeta's stack leverages the Credit Line on UPI scheme, providing on-demand access to credit for underserved Indians through any PSP payment app.
Read Full Article
9 Likes
Inc42
23m
489
Image Credit: Inc42
TBO Tek IPO Closes With 86.7X Subscription, QIBs Place Maximum Bids
- B2B travel portal TBO Tek received an overwhelming response for its IPO, with the public issue subscribed 86.7X.
- Qualified institutional buyers (QIBs) oversubscribed the allotted shares by 125.1X, placing bids for 63.34 Cr shares.
- Non-institutional investors' (NIIs) quota was oversubscribed 50.6X, receiving bids for 12.77 Cr shares.
- Retail individual investors (RIIs) subscribed 25.74X, bidding for 4.33 Cr shares.
Read Full Article
11 Likes
Killerstartups
23m
584
Image Credit: Killerstartups
Food startups thrive due to pandemic-induced shifts
- Food-related startups experienced significant growth in 2021, with a focus on online grocery platforms, delivery services, and new food products.
- Investors recognized the potential in these startups due to their resilience during the pandemic and the increasing demand for contactless shopping and safety measures.
- These startups introduced innovative food and drink products, catering to vegetarianism, veganism, and dietary restrictions, and addressing environmental and animal welfare concerns.
- Despite the initial surge subsiding, food startups like Poppi and Chomps retain growth potential with their focus on product innovation, market positioning, and customer engagement.
Read Full Article
16 Likes
Inc42
28m
437
Image Credit: Inc42
Oracle Plans To Increase Investments In India, Focus On AI & Data
- US-based tech giant Oracle plans to increase investments in India on AI and data.
- Oracle intends to double down on its investments in India, with a focus on data.
- The company recently unveiled the Oracle Database 23ai, featuring Oracle AI Vector Search.
- Oracle reported a 7% year-on-year rise in revenue in the quarter ended February 2024, with the cloud business driving revenue growth.
Read Full Article
7 Likes
Medium
29m
503
Image Credit: Medium
How Unbounce’s AI Tools Are Revolutionizing Landing Page Design in 2024
- Unbounce, a renowned platform for building high-converting landing pages, is revolutionizing landing page design in 2024 with their AI tools.
- Unbounce's AI tools automate and enhance the landing page creation process, helping marketers build optimized pages faster and with greater precision.
- Key features include the Smart Builder, Smart Copy, A/B testing, Smart Traffic, and AI-driven insights, empowering marketers to drive results with ease.
- By leveraging Unbounce's AI tools, marketers can create high-converting landing pages without requiring design or copywriting expertise.
Read Full Article
12 Likes
Yourstory
1h
250
The future of network architecture: balancing connectivity and security in a multi-cloud world
- Enterprises are transitioning towards a multi-cloud approach due to changing market dynamics and key benefits that the multi-cloud approach offers–for instance, flexibility, better application performances, and high resilience.
- While hybrid or multi-cloud setups have many advantages, connecting these hybrid clouds have a fair share of complexity. Connecting heterogeneous cloud platforms, on-premises data centres, and edge devices needs a strong networking infrastructure.
- A comprehensive security strategy is required, including network segmentation to isolate sensitive data. Encryption should be used to safeguard data both during transit and at rest.
- SDN has emerged as a critical facilitator of flexible and scalable network designs in the multi-cloud age. By isolating network control and data forwarding operations, SDN allows for centralised management, automation, and programmability across diverse settings.
- Network virtualisation improves network performance and resource utilisation in multi-cloud scenarios. Organisations may increase their flexibility, scalability, and cost savings by abstracting real network resources and dynamically assigning virtualised resources depending on application needs.
- Edge computing solutions are gaining wider popularity as organisations strive to balance cloud computing advantages with lower latency and data sovereignty concerns.
- With data processing and storage spread over edge devices and cloud environments, organisations are more vulnerable to unauthorised access, data breaches, network outages, and compliance violations.
- Upcoming technologies like 5G, AI, and quantum computing will alter the future of network design.
- The future of network design depends on striking the right balance between connectivity and security in a multi-cloud world. Organisations may assist their digital transformation goals by utilising technologies such as SDN, network virtualisation, and edge computing to create agile, robust, and secure network infrastructures.
- As the pace of innovation quickens and new issues emerge, organisations must stay watchful and proactive in dealing with changing dangers and opportunities in the dynamic environment of network architecture.
Read Full Article
15 Likes
Yourstory
1h
108
Decoding the current state of Gen AI; Flying high with Drone Didis
- On the occasion of Akshaya Tritiya on Friday, Bigbasket, Blinkit, Swiggy Instamart and Zepto delivered gold and silver coins in just 10 minutes.
- Insurtech firm Go Digit has fixed the price band for its IPO at Rs 258-272 per equity share.
- Flipkart has launched a new rate card policy to streamline the seller experience.
- A research has found that many people are secretly using AI for important work tasks.
- Gen AI has been on the rise, and many consider this technological advancement comparable to the discovery of electricity and the invention of the internet.
- S Jaishankar, India’s Minister of External Affairs, works round the clock, with as many as 30 to 40 overseas trips on his packed annual calendar.
- The NaMo Drone Didi Scheme aims to empower 15,000 women-led SGHs with drones to assist in agricultural activities.
- Britain’s economy grew by the most in nearly three years in the first quarter of 2024.
- Paris-based Mistral AI, a startup working on open-source LLMs, is raising money at a $6 billion valuation.
- Shares of Zeekr Intelligent Technology were indicated to open up to 19% above its IPO price on Friday.
Read Full Article
6 Likes
Yourstory
2h
262
From East to West: Live Love Laugh Foundation is making an Indian case for holistic mental health
- Dr Shyam Bhat of The Live Love Laugh Foundation believes that the stigma around mental health is reducing.
- The Live Love Laugh Foundation focuses on awareness, accessibility, and affordability of mental health resources in India.
- True progress for mental health lies in integrating Western science with Eastern philosophies that emphasize wholeness, interconnectedness, and purpose, according to Dr Bhat.
- India can reclaim its rich mental health traditions and integrate them with Western knowledge for a more holistic approach.
- In 2016, the National Mental Health Survey found that one in 20 Indians suffers from depression, and nearly 15% of adults will probably require mental health intervention.
- Social media and online platforms increasingly reflect a growing mental health awareness, although the stigma still persists.
- The Live Love Laugh Foundation’s three key pillars to address mental health are awareness, accessibility, and affordability.
- Dr Bhat's approach to psychotherapy incorporates insights from Western science and observations on the human condition from the East, especially in India.
- Dr Bhat prefers viewing the self through the lens of “dharma”, a concept unique to each individual and not adopting the cookie-cutter approach.
- By reconnecting with ancient roots and wisdom, India can spearhead a movement towards a fuller understanding of mental health where individuals will find meaning, not just fleeting happiness, according to Dr Bhat.
Read Full Article
15 Likes
Medium
2h
257
Image Credit: Medium
Taking a product from Series B to Unicorn
- Building a product is a lot like trying to create structure in rapidly-moving water.
- To build a good product, it is important to have a good collaboration as a team, the size of the team and the process for every aspect of the organization constantly evolves over months and years.
- All aspects of the product requirements, collaboration as a team, the size of a team and, the processes for every aspect of the organization constantly evolve over months and years.
- A product needs flows, specifications, documentation, dependencies and UX/UI that is based on systems of colors, accessibility, atomic modularity, type styles, and responsiveness on OS and device.
- Team members change in heart-wrenching ways, so there are especially logistical and process evolutions over time to manage and evolve with.
- All designers should think of their code-base as a significant part of the feature design.
- Developers play a critical part in incorporating the product vision and design into the final coded solution.
- Building a user centered product requires tight coupling between the design and development teams.
- Building foundations won’t budge much out of the physics of team capacity over time.
- To springboard into strategic paths, it’s important to insist on quality for the first release which will become the defined starter points for a phase of spring-boarding.
Read Full Article
15 Likes
For uninterrupted reading, download the app