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Startup News
Inc42
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35
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EV Ride Hailing Startup Evera Bags $4 Mn From Mufin Green Finance
- EV ride hailing startup Evera Cabs secures $4 Mn from Mufin Green Finance through convertible debentures and debt.
- The investment aims to enhance customer experience with a focus on clean tech and seamless commuting.
- Evera Cabs recently acquired BluSmart's fleet and driver network, expanding its B2B and B2C services.
- Founded in 2019, Evera Cabs offers EV ride hailing services with no cancellation and surge charges.
- The startup currently operates with a fleet of 450 EV cabs, aiming to expand to 1,000 BluSmart EVs.
- Previous funding rounds included a $7 Mn pre-Series A funding led by international investors.
- The EV ride-hailing sector faced challenges with the downfall of BluSmart, affecting drivers and employees.
- Issues arose with Gensol Engineering promoters using company funds for personal investments.
- Evera Cabs caters to corporate clients such as EY and Orix while competing with Ola and Uber in the EV ride-hailing market.
- The Indian EV market is expected to reach nearly $114 Bn by 2029, providing growth opportunities for companies like Evera.
- The article is sourced from Inc42 Media.
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Eu-Startups
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228
Danish BioTech startup Cellugy secures €8.1 million to eradicate microplastics in personal care products
- Danish biotech startup, Cellugy, has secured €8.1 million funding support to scale up production of its biofabricated cellulose-based material, EcoFLEXY, aimed at replacing harmful microplastics in personal care products.
- EcoFLEXY is designed to replace fossil-based carbomers, reducing environmental pollution and hazardous chemical use in cosmetics, while providing superior performance in beauty products.
- Microplastics from personal care items pose environmental and potential health risks, prompting the need for sustainable alternatives in the beauty industry.
- EcoFLEXY aims to prevent release of 259 tons of microplastics annually, scaling up to 1,289 tons per year by 2034, aligning with sustainability goals.
- The project responds to impending EU microplastics ban and US limitations on PFAS, addressing the industry's need for high-quality, sustainable alternatives.
- Cellugy CEO stresses the importance of delivering bio-based solutions that surpass petrochemicals in performance, scalability, and efficiency to drive industry change.
- EcoFLEXY promises superior performance, functionality, and user experience compared to traditional biobased ingredients, catering to cosmetics manufacturers' quality and sustainability demands.
- The BIOCARE4LIFE project involving specialist experts will facilitate EcoFLEXY's scale-up process through process optimization, including data management and sustainability validation.
- The €8.1 million investment will support critical scaling activities, process optimization, and commercial validation over the next four years.
- Cellugy aims to eliminate petrochemical use in the industry with revenue generation and environmental impact expected in the next three to five years, thanks to the funded scaling activities.
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Eu-Startups
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Berlin-based Enter secures €20 million for energy efficiency in the real estate sector
- Berlin-based Enter raises over €20 million in Series B funding for energy efficiency in real estate.
- Returning investors include Coatue, Target Global, noa, Partech, and Foundamental, with SE Ventures joining for the first time.
- Enter founded in 2020, offers services for energy-efficient renovations for single-family and multi-family homes.
- Enter's platform simplifies energy-efficient renovations through innovative technological solutions.
- Their 'Address Intelligence Tool' and network of contractors streamlines the renovation process.
- Enter's AI-driven system cuts manual effort, reduces staff needs, and triples customer capacity.
- Strategic partnerships with Dr. Klein, Allianz, and Engel & Völkers help Enter reach over 6 million households annually.
- Enter's marketplace offers partners like Thermondo, Aira, TMP Fenster, and Otovo, providing tailored offers to customers.
- Enter Pro platform enables financial brokers to expand services around energy efficiency.
- Series B funding will accelerate Enter's growth strategy in the B2B segment, offering E2E service for energy portfolio optimisation.
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AllTopStartups
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100
Image Credit: AllTopStartups
Understanding Rewards Credit Cards
- Rewards credit cards allow users to earn cash back, points, or miles with each purchase, making them more rewarding than cash or debit cards.
- Understanding the complex rules of rewards programs, including redemption conditions, expiration dates, and varying rates, is crucial for maximizing benefits.
- Different types of rewards include cash back, points, and miles, each with unique features and redemption options.
- Managing multiple rewards cards can be challenging due to varying earning rates, redemption rules, and expiration dates, requiring careful organization.
- Tips for maximizing rewards include using cards for specific purchases, meeting minimum spend requirements for bonuses, and redeeming points wisely.
- Beware of fees and interest associated with rewards cards, as annual fees and interest charges can offset the value of rewards earned.
- Rewards credit cards should be seen as a financial tool rather than a reason to overspend, requiring responsible use and strategic management.
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AllTopStartups
3w
26
Image Credit: AllTopStartups
Revitalize Your Living Space: The Benefits of Professional Couch Cleaning
- Professional couch cleaning is essential for maintaining the comfort and aesthetics of your living space.
- Regular vacuuming may not be enough to remove deep-set dirt and allergens from your upholstery.
- Professional cleaners have the expertise and tools to thoroughly clean and sanitize your couch without causing damage.
- Upholstered furniture can harbor bacteria and allergens, impacting the health of your family.
- Professional cleaning services can deodorize, sanitize, and protect your couch from future stains.
- Hiring professionals saves you time and effort, allowing you to enjoy other activities.
- Deep cleaning your couch enhances the room's aesthetics, making it a beautiful centerpiece.
- Professional cleaning can rejuvenate the material and extend the life of your furniture.
- Regular professional cleaning protects your investment, preventing premature aging and the need for replacements.
- Fabric protectants can be applied to repel spills and stains, reducing the frequency of deep cleanings.
- Professional couch cleaning services offer manifold advantages, improving the look, comfort, and longevity of your furniture.
- Choosing a reputable service provider is crucial for maintaining a fresh and inviting living space.
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Eu-Startups
3w
2.4k
French startup raises €25 million to become Europeʼs one-stop shop for SMB insurance
- Orus, a Paris-based digital insurer specializing in tailored insurance for independents and SMBs, raised €25 million in a Series B funding round to fuel international expansion, starting with Spain.
- The funding round was led by Singular, with participation from existing investors Notion Capital and Redstone.
- Orus aims to modernize the SMB insurance distribution model by offering transparent and tailored insurance solutions using technology.
- Founded in 2021, Orus provides online insurance products for small businesses and has a 70-person team with over 2,500 new clients per month.
- The company has raised a total of €41 million across funding rounds, focusing on simplifying business insurance for Europe's 25 million small businesses.
- Orus has experienced significant growth, with revenue increasing by tenfold since its Series A funding and protecting over 30,000 businesses in Europe.
- The platform uses algorithms and data points to assess risk and offer personalized coverage, including industry-specific options.
- Orus aims to offer a quick onboarding process and efficient claims management, distinguishing itself from traditional insurers.
- Spain is the first step in Orus' pan-European growth plan, with plans to enter more European markets in the future.
- Orus is introducing a new broker platform to allow intermediaries to quote, customize, and manage its digital-first insurance products.
- The platform combines technology and brokers' expertise to provide clients with a seamless digital experience.
- Investor Henri Tilloy praised Orus for redefining commercial insurance and recognized the company's rapid growth and potential to reshape the industry.
- Orus differentiates itself by offering comprehensive, intuitive solutions for various SMEs and accelerating the insurance process.
- The funding will support Orus in its mission to simplify SMB insurance across Europe and enhance its digital platform's capabilities.
- Orus leverages technology to make insurance processes simpler and more efficient for small businesses, addressing gaps in the traditional insurance sector.
- The company is focused on providing faster, customer-centric insurance solutions tailored to specific needs, setting itself apart from legacy insurance providers.
- Orus's strategic funding and growth plans position it as a leading digital insurer aiming to revolutionize the SMB insurance landscape in Europe.
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Economic Times
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225
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Ecommerce enabler GoKwik raises $13 million from RTP Global, others
- GoKwik, an Ecommerce enabler, has raised $13 million in a growth round led by RTP Global, with participation from Z47, Peak XV Partners, and Think Investments.
- The funding round brings the total funding raised by GoKwik to $68 million, which will be used for international expansion and R&D for its AI-first commerce stack.
- GoKwik aims to build a unified growth operating system for global brands as Ecommerce evolves towards intelligent, interoperable products.
- The company works with over 10,000 brands, serving more than 130 million shoppers, including names like Mamaearth, Lenskart, and Shoppers Stop in various shopping categories.
- RTP Global praises GoKwik's data-led approach and market anticipation, expressing support for the company's global scaling and data-driven commerce efforts.
- GoKwik offers four products, with its suite facilitating over $2 billion in gross merchandise value for brands by addressing various Ecommerce challenges.
- KwikEngage, GoKwik's WhatsApp commerce solution, helps over 100 UK merchants drive conversational commerce and enhance customer relationships.
- By focusing on shopper touchpoints from discovery to returns, GoKwik aims to deliver lasting value and sustainable growth for merchants of all sizes.
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SiliconCanals
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105
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Axiles Bionics closes first €6M of its €8M Series A round to globalise its biomimetic prosthetic foot
- Axiles Bionics, a Brussels-based deeptech and medtech spin-off, has closed the first €6M tranche of its €8M Series A financing round.
- The funding, led by PE Group and supported by EIC Fund, Finance&Invest.brussels, private investors, entrepreneurs, and the company's management team, will aid in globalizing their biomimetic prosthetic foot Lunaris.
- Lunaris offers mechanical adaptability and embedded systems, currently used in clinical settings worldwide.
- Axiles Bionics is focused on developing bionic devices at the intersection of robotics, artificial intelligence, and biomechanics to enhance mobility through prosthetics.
- Their first product, Lunaris, is FDA and CE certified, mimicking natural walking patterns for lower limb amputees, with plans for future bionic technologies.
- PE Group CEO Stefan Yee praises Axiles Bionics for setting new standards in robotic prosthetics, poised to transform amputees' quality of life globally.
- European Innovation Council (EIC) Fund supports Axiles Bionics, acknowledging their commercial success and clinical advancements.
- Axiles Bionics aims to introduce advanced bionics as a standard, improving mobility and well-being, with a vision to reshape the global prosthetic technology standard.
- Investors like PE Group, EIC Fund, and Finance&Invest.brussels are providing financial and strategic support to Axiles Bionics for their innovative advancements in prosthetics.
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Inc42
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248
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Google Brings ‘AI Mode’ Search Experience To India
- Google has launched its AI Mode in India to enhance the search experience.
- Users can now ask longer questions and perform voice-based and photo-based searches.
- The AI Mode feature was piloted in the US and later at Google I/O 2025.
- It has received positive feedback for speed, quality, and responses.
- The feature is an experiment in India labs in English to gather user feedback and improve.
- Google's AI Mode is built on Gemini 2.5.
- Google is focusing on expanding its AI presence in India with various initiatives.
- The company's policy head mentioned favorable conditions for India's growth in AI.
- Google integrated RCS with Google Search for AI-powered customer services in India.
- Google supports Indian AI startups through partnerships and programmes.
- It provides AI startups with cloud credits and accelerator programmes.
- Google selected 20 Indian startups for its 'Google for Startups Accelerator: AI First' programme.
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Insider
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35
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The cofounder of the viral AI 'cheating' startup Cluely says he only hires people for 2 jobs
- Cluely, an AI startup, only has two job titles: engineer or influencer.
- CEO and cofounder Chungin "Roy" Lee believes influencers drive growth at Cluely.
- The startup recently received $15 million in funding led by Andreessen Horowitz.
- Cluely began as a tool to help with cheating on job interviews but has since refocused.
- The company aims to become viral on platforms like Instagram and TikTok.
- Lee emphasizes the importance of being tapped into young culture for success.
- The Cluely team lives and works together, promoting a no work-life balance culture.
- Lee believes that being fully dedicated to the company without work-life balance is key.
- The rejection of work-life balance is common in startup culture.
- Linkedin cofounder Reid Hoffman and entrepreneur Mark Cuban also support this idea.
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Medium
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379
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Why VCs are dumb and how to use us
- VCs might not know more about a sector or business than founders or their teams.
- Building a strong relationship with VCs is vital for founders to get the most value out of them.
- Select VCs that are right for you and your company to ensure advocacy and support.
- Communicate effectively and be responsive to engender a positive relationship with VCs.
- Use VCs as a sounding board for business decisions and emotional support related to your company.
- Board meetings should focus on open debates rather than mundane updates.
- External investors like VCs can instill discipline and help with corporate governance.
- Make use of VCs' networks and expertise to benefit your company.
- Though VCs may not offer groundbreaking insights, they can still provide valuable support and networking opportunities.
- Founders are encouraged to leverage VCs' superpowers and build strong relationships with them.
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Inc42
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333
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Finance Ministry Holds Meet On Scaling Up Unified Lending Interface
- The finance ministry's DFS and RBI officials convened a meeting with various stakeholders to discuss scaling up the Unified Lending Interface (ULI), a new digital platform for credit delivery in India.
- ULI aims to revolutionize how credit is accessed and delivered in the country, currently in the testing phase awaiting nationwide launch.
- Participants included top officials from central and state governments, and RBI's Reserve Bank Innovation Hub.
- Key outcomes included plans to integrate government datasets, nominate nodal officers for fast-tracking integration, digitize land records, and align existing lending initiatives with ULI.
- RBI emphasized innovation in the lending space and the integration of technology, data, and policy in the ULI platform.
- ULI is seen as a transformative digital public infrastructure for inclusive credit delivery, leveraging government datasets for faster and more inclusive lending.
- RBI piloted ULI in August 2023, aiming to streamline credit delivery for various loan products using integrated data sources like Aadhaar e-KYC and PAN validation.
- Last year, RBI announced plans to launch a credit platform for rural and small businesses.
- The meeting aimed to accelerate ULI's scaling and integration with government datasets for efficient credit delivery.
- Participants included officials from central and state governments, RBI, and 11 state governments.
- ULI envisages transforming credit delivery in India similar to how UPI revolutionized payments.
- The platform aims to make credit more inclusive and efficient by leveraging trusted datasets for data-driven lending.
- ULI integrates technology, data, and policy to create a seamless credit delivery platform.
- The meeting emphasized the need for collaboration to integrate high-value government datasets with ULI for faster and inclusive lending.
- The finance ministry's meeting focused on strategies for scaling ULI and aligning existing lending initiatives to create a unified credit delivery ecosystem.
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Inc42
3w
289
Image Credit: Inc42
Textile Manufacturing Startup Fantail Nets Funding From Riverwalk, Others
- Fantail, a textile manufacturing startup, secures INR 13.75 Cr ($1.6 Mn) in seed funding from Riverwalk Holdings, Incubate Fund Asia, and All in Capital.
- The Surat-based startup intends to use the funding to upgrade machinery at partner weavers, mills, and processors, streamline operations, and hire across design, quality, and technology domains.
- Founded in 2023 by Ramya Iyer, Fantail operates in the B2B textile manufacturing space, specializing in man-made fabrics like nylon, viscose, and polyester.
- Fantail works with weavers, mills, and processors in Surat, serving retail fashion brands such as Vishal Megamart, Westside, Shopper Stop, and Lifestyle.
- The startup's manufacturing units are in GIDC Sachin, Udhna, Kim & Palsana in Surat, with a design facility in Gurugram, Delhi NCR.
- Operating in India's MMF sector, Fantial brings structure, technology, and scalability to small enterprise weavers and processors.
- In the competitive B2B fashion manufacturing sector, Fantail faces competition from companies like ZYOD, Fashinza, Groyyo, and others.
- Fantail's funding round comes amidst similar moves by other fashion manufacturing startups like Groyyo and ZYOD to enhance their operations and funding.
- Groyyo aims to raise $40 Mn and expand globally, while ZYOD concluded a $18 Mn Series A round to invest in technology and global expansion.
- Fantail's funding signals growth in India's apparel and textile industry, projected to reach $387.3 Bn by 2028.
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Inc42
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342
Image Credit: Inc42
GoKwik Bags $13 Mn To Boost Its AI-led Commerce Stack
- GoKwik has secured $13 Mn in a growth round led by RTP Global and others to enhance its AI-led commerce stack.
- The funding will support global expansion and research and development.
- Founded in 2020, GoKwik offers checkout tools for ecommerce brands to improve conversion rates.
- The startup aims to build an integrated suite of solutions for ecommerce brands.
- GoKwik had previously raised $35 Mn in a Series B round.
- The company has processed over $2 Bn in GMV and has shown 100% YoY growth.
- GoKwik's WhatsApp commerce solution is used by nearly 100 merchants in the UK.
- It has made acquisitions including Return Prime and Tellephant to expand its offerings and reach.
- In FY24, GoKwik reported revenue of INR 94.7 Cr with a net loss of INR 72 Cr.
- Competitors of GoKwik in the ecommerce enabler space include GlobalBees, Delhivery, Shiprocket, and Shadowfax.
- The Indian e-commerce market is projected to reach $325 Bn by 2030.
- Ecommerce enablers like GoKwik play a crucial role in providing end-to-end solutions for businesses in the online space.
- Delhivery has introduced Delhivery Direct, a new on-demand transportation and delivery service.
- Shadowfax is gearing up for an IPO and plans to launch its public offering this year.
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Gritdaily
3w
359
Image Credit: Gritdaily
Winning Big: The Benefits of Investing in a ClawCADE Franchise
- The ClawCADE franchise offers a unique blend of arcade games and modern entertainment, making it a lucrative investment opportunity.
- The business model focuses on interactive entertainment for all age groups, keeping operational complexity low while maximizing customer engagement.
- Franchisees benefit from established operating procedures, a proven business model, and a supportive franchise community.
- Brand recognition and customer loyalty are key strengths of ClawCADE, thanks to its experienced leaders and memorable experiences.
- Financially, ClawCADE franchises offer a compelling cost-to-profit ratio with various revenue streams like game profits and merchandise sales.
- Strategic location selection in high-traffic areas enhances profitability and customer reach for franchisees.
- ClawCADE provides comprehensive training, ongoing support, and assistance in marketing and business development for franchisees.
- The franchise offers diversified income opportunities and a strong brand, making it an appealing option for entrepreneurs in the entertainment industry.
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