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Inc42
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Amazon India Expands Healthcare Play With At-Home Diagnostics
- Amazon India has launched Amazon Diagnostics, offering at-home healthcare services allowing customers to book lab tests and receive digital reports through the app.
- The service is available in six cities and covers over 450 pin codes, offering access to more than 800 diagnostic tests.
- Customers can request doorstep sample collection within 60 minutes and receive digital reports in as little as six hours.
- The initiative strengthens Amazon Medical's foundation by adding diagnostics to its existing pharmacy and clinic services.
- Amazon partnered with Orange Health Labs for the launch, following its investment in the healthtech company in December last year.
- This move aims to make healthcare more accessible, reliable, and convenient for customers, providing doctor-verified lab testing from home.
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Inc42
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CoRover Unveils BharatGPT Mini, India’s First Offline Multilingual AI Model
- CoRover unveiled BharatGPT Mini, India’s first offline multilingual AI model at VivaTech 2025 conference in Paris.
- BharatGPT Mini is a compact small language model (SLM) with 534 Mn parameters optimized for areas with limited internet access.
- The model supports 14 Indic languages and is designed for offline use in diverse sectors.
- It is built in India by CoRover, providing a practical alternative to cloud-dependent models.
- BharatGPT Mini is available via CoRover Builder for building and deploying AI assistants.
- The model is intended for sectors like healthcare, education, banking, and government services.
- CoRover aims to democratize access to intelligent conversational AI agents with BharatGPT Mini.
- Founded by Ankush Sabharwal, Kunal Bhakhri, and Manav Gandotra, CoRover raised $4 Mn last year and operates in India's growing AI market.
- The Indian AI market is expected to exceed $17 Bn by 2030, with BharatGPT Mini catering to the demand for privacy-focused AI tools.
- While large language models (LLMs) are crucial for complex tasks, smaller SLMs like BharatGPT Mini offer faster deployment and efficiency.
- Integration of BharatGPT Mini can enhance project pipelines by 60-70% and drive a fivefold increase in SLM adoption by small and mid-sized businesses by FY26.
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SiliconCanals
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From Mexico City to Rotterdam: How the Dutch Startup Visa launched Estefania Hernandez’s HR tech revolution
- Estefania Hernandez left Mexico City for Rotterdam with the Dutch Startup Visa, launching her HR tech platform Everday, which uses AI to automate skills mapping for companies worldwide.
- Her journey began with Builders Studio, where she developed the concept after interviewing over 200 HR leaders to address evolving workforce needs.
- The Dutch Startup Visa program facilitated her move, providing quick approval and connecting her with her Dutch co-founder, Dylan Morland.
- The Netherlands' entrepreneurial ecosystem, warmth, and support structures have aided Everday's growth, securing customers, funding, and expanding networks.
- Hernandez and Morland aim to revolutionize workforce management and impact 50,000 companies by 2030 through AI-driven solutions.
- Advice from Hernandez includes mental preparation, finding supportive facilitators, and engaging with local founder communities for support and inspiration.
- The Dutch Startup Visa program's evolution allows for smoother extensions, easing processes for entrepreneurs like Hernandez as they grow their ventures.
- Everday's success showcases the potential of Dutch immigration pathways for talent attraction and multicultural collaboration within the startup ecosystem.
- Hernandez's journey symbolizes the transformation of a startup idea into a global company, emphasizing the importance of reshaping how organizations approach workforce development.
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Medium
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You will never be a killer PM in a Corporate Setting
- After excelling in analytics, Amy decided to transition to a product management role.
- However, she quickly realized that in many corporate settings, the role of a product manager is often limited to mundane tasks like creating playbooks and taking notes in meetings.
- Amy grappled with the shallowness of her role and sought ways to grow beyond the constraints of the corporate environment.
- The article suggests three paths for Amy's development as a true product manager: building something on her own, becoming an intrapreneur within the organization, and being a lifelong student through mentorship and hands-on learning.
- It emphasizes the importance of hands-on experience, data-driven decision-making, and the ability to balance hard and soft skills in product management.
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Inc42
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258
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IdeaForge Shares Hit 10% Upper Circuit Amid Defence Stocks Rally
- Shares of ideaForge, a drone manufacturer, surged by 10% to INR 631.65 on the BSE due to a rally in defence stocks amid heightened geopolitical tensions.
- The rise in defence stocks was fueled by conflicts between Israel and Iran, with the Nifty India Defence Index outperforming the broader market.
- The Defence Secretary mentioned expected contracts worth around INR 2 trillion in FY26 and ambitious targets for defence exports by the Indian government.
- ideaForge's stock performance has been volatile with sharp rises and corrections since its debut on Indian stock exchanges in 2023.
- The company reported a net loss in Q4 FY25 despite efforts to diversify its revenue streams beyond drone manufacturing.
- ideaForge, founded in 2007, focuses on manufacturing UAVs for defence, law enforcement, and various other sectors with a limited defense order book currently.
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SiliconCanals
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London’s AI startup PhysicsX raises €117.4M in Atomico-led round to reshape engineering and manufacturing
- London-based PhysicsX, a deeptech startup, secures $135M in Series B funding led by Atomico.
- Total funding raised by PhysicsX now stands at nearly $170M.
- The Series B round sees participation from Temasek, Siemens, Applied Materials, and July Fund, among others.
- Siemens believes in the potential of AI and industrial expertise to revolutionize design and manufacturing.
- PhysicsX is praised for enabling engineers to solve complex problems efficiently with AI-powered engineering software.
- PhysicsX is developing AI-native engineering software for industrial applications to optimize the engineering lifecycle.
- The company aims to reduce time, improve performance, and unlock new categories of machines and processes.
- PhysicsX combines AI-driven physics inference with numerical simulation to enhance product development and performance.
- The funding will fuel global growth and adoption of PhysicsX's platform across various sectors.
- The co-founders of PhysicsX bring a blend of experience in high-performance motorsport and advanced AI development.
- Previous funding included a $32M Series A round in November 2023, leading to rapid growth and revenue increase for PhysicsX.
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Inc42
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502
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Ola Electric Hits Fresh All-Time Low Amid Broader Market Slump
- Shares of Ola Electric hit a record low of INR 43.20 apiece on the BSE amid a broader market slump, sliding 6% in early trade.
- About 19.22 Lakh shares were traded on June 20, with Ola Electric's market capitalisation at $2.3 billion.
- Ola Electric's stock fell 1.9% last week and is facing challenges in market share and bottomline pressure.
- The overall market for electric two-wheelers in India saw a 30% month-over-month decline in April, impacting companies like Ola Electric.
- In Q4FY25, Ola Electric reported a net loss of INR 870 Cr, with a 62% decrease in top-line revenue from the same quarter last year.
- The Sensex also fell amidst market tensions due to conflicts between Iran and the US.
- Ola Electric CEO addressed regulatory challenges and promised revenue of INR 800-850 Cr in Q1FY26 by delivering 65,000 EVs.
- Investors are confused by Ola Electric's vague projections, with major institutional investors reducing their stakes in the company.
- Mutual Funds reduced stake to 2.6% in Q4FY25 from 4.1%, while Hyundai and Kia Corporations also sold off their stakes.
- Ola Electric's shares have lost 46% of their value year-to-date.
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Startup Pedia
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Bangalore Startup Builds India’s First AI-Driven Local Shopping App To Help Small Retailers Compete With E-Comm Giants; Has 2 Lakh+ Users
- Nearwala, a Bangalore-based startup founded by Rajiv Surendran and Rahul K. C., introduces an AI-driven local shopping app to empower small retailers against e-commerce giants.
- The duo observed the struggle of small shops during the pandemic, leading to the development of Nearwala, aiming to bridge the gap between offline stores and digital platforms.
- Nearwala's unique features include personalized discounts and AI-driven offers tailored to help local merchants compete effectively in the market.
- The startup faced challenges in convincing businesses to adopt tech solutions but eventually gained the trust of merchants by boosting sales and visibility.
- Nearwala currently serves over 4,000 clients, offering a win-win solution with discounts for customers and lead generation for merchants.
- With impressive user base growth and plans for national expansion, Nearwala aims to transform local economies and provide small businesses with the tools to thrive.
- The startup raised initial funding, with future plans to secure additional investment for expansion and innovative features like micro-lending for merchants.
- Nearwala's focus on community engagement, dynamic pricing, and personalized recommendations sets it apart in the competitive Indian retail market.
- The founders envision long-term sustainability and aim for an IPO in the coming years, showcasing their commitment to revolutionizing local shopping in India.
- As Nearwala prepares for further growth and competition against industry giants, its emphasis on empowering small businesses through technology remains at the core of its mission.
- Overall, Nearwala's journey exemplifies innovation, determination, and the potential for local businesses to thrive in the digital age.
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Gritdaily
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Balint Pasztor Is Solving AI’s Final Frontier, and It’s Not What You Think
- Balint Pasztor, CEO of DiffuseDrive, is focusing on data quality as the missing piece in AI progress.
- DiffuseDrive utilizes diffusion models to create realistic and specific imagery for AI models.
- The company's data intelligence platform audits existing datasets to identify gaps and improve performance.
- At CVPR conference, DiffuseDrive's generated content was indistinguishable from real-world imagery.
- DiffuseDrive's tech has boosted AI model performance significantly for clients in various industries.
- The company offers fast data collection and processing, shrinking timelines from years to hours.
- DiffuseDrive's approach is iterative, evolving with customer needs to provide tailored data solutions.
- The startup has raised $4.5 million from investors and is rapidly expanding its team.
- Demand for DiffuseDrive's services is increasing in civil and defense sectors.
- Balint Pasztor believes that with the right tools, data can be an accelerant, not a bottleneck, for AI progress.
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Getfullyfunded
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5 Steps to Create a Simple Social Media Plan
- Creating a successful social media presence, especially for nonprofits, requires a well-thought-out plan.
- A nonprofit social media plan helps in communicating with followers effectively and gaining support for the mission.
- Having a structured plan saves time and ensures consistent messaging.
- Building a social media calendar including holidays, fundraising dates, and events is crucial.
- Understanding your target audience and tailoring content to engage them is essential.
- Diversifying content with informative, engaging, entertaining, and call-to-action posts is key.
- Utilizing original and shared content, videos, memes, and photos to engage followers is recommended.
- Choosing the right social media platforms based on your audience demographics is crucial for success.
- Determining the best times to post and maintaining a balance between informative and promotional content is important.
- A self-care approach to social media planning involves building relationships and providing valuable content.
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Eu-Startups
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Finnish startup CloEE raises €520k to accelerate AI-driven process manufacturing
- Helsinki-based startup CloEE raises €520k in pre-Seed funding to scale its AI-powered platform for discrete manufacturing in the Nordics, Italy, and the US.
- The funding round was led by angel investor Miro Vertanen and the Innovestor Angel Co-fund, with additional participation from Cariplo Iniziative and FiBAN members.
- CloEE addresses manufacturers' need for affordable, plug-and-play AI solutions to improve equipment efficiency by analyzing data directly from industrial machines.
- The platform has expanded within clients' facilities organically, currently being piloted by a US customer for a possible three-year contract.
- CloEE, founded in 2022, leverages generative AI for real-time data analysis from equipment, MES, and ERP systems to drive continuous improvement in manufacturing operations.
- The startup has already generated significant revenue growth and improvements in energy consumption and operational efficiency through AI implementation.
- CloEE's solution focuses on optimizing overall equipment effectiveness (OEE), automating operations, enhancing productivity, and reducing quality defects.
- The company's flexible deployment options include on-premise, offline, or cloud setups, requiring minimal time and cost for implementation.
- Global AI in manufacturing market is projected to reach over €199.5 billion by 2034, driven by AI automation, predictive maintenance, and quality control technologies.
- CloEE emphasizes user-friendly AI platforms for future engineers, aiming to address anticipated skill shortages in advanced digital manufacturing roles.
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Medium
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Decode the 2-3-8-30 Strategy Matrix: Build Empires, Not Just Startups
- The article decodes the 2-3-8-30 Strategy designed to build empires by combining core foundations, strategic execution forces, innovation pillars, and scaling cycles.
- It emphasizes the importance of purpose and people in startups, using examples like Airbnb's culture reinforcement during tough times.
- The strategic execution forces focus on speed over perfection, revenue first, funding later, and achieving market fit with tech agility.
- The 8 innovation pillars include design thinking, deep data analysis, platformization, phygital integration, automation, narrative branding, global compliance, and intelligent capital allocation.
- The 30-day scaling cycle emphasizes rapid testing, execution, analysis, and iteration to drive growth effectively.
- The article also explores additional strategies inspired by military precision, Navy SEAL mental scaling, sports psychology, red teaming, adaptation over optimization, and mission-based culture.
- It concludes by highlighting the need for a holistic approach integrating the 2-3-8-30 strategy with battle-tested tactics to create legendary outcomes in business.
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Inc42
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201
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Ola, Uber, Rapido To Seek GST Clarity On Their SaaS Model: Report
- Ride-hailing platforms like Ola, Uber, and Rapido are seeking clarity on GST for their SaaS model from the CBIC following conflicting rulings from the Karnataka AAR.
- The ride-hailing firms will approach the CBIC due to allegations that the Karnataka AAR's decision is distorting competitive parity in the sector.
- These platforms have shifted to a subscription-based model to minimize GST liability, where drivers pay a fixed platform fee instead of ride commissions.
- Ola recently launched a SaaS-based zero commission model for cab drivers, allowing them to retain 100% of their earnings by subscribing to a daily or monthly pass.
- Rivals like Rapido and Namma Yatri had already introduced similar SaaS models for their auto drivers last year.
- While some SaaS platforms have been exempted from GST by the Karnataka AAR, others are deemed liable, creating inconsistency and challenges.
- Uber challenged this inconsistency arguing it leads to unfair competition and ambiguity in tax law interpretation.
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Medium
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165
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Why VCs Are Betting Big on Europe’s €800B Defense Boom
- Europe is investing €800 billion into defense, attracting venture capitalists who were previously hesitant about military-related investments.
- The defense sector in Europe is experiencing a transformation with technologies like AI-powered drones and satellite surveillance startups playing a key role.
- The focus is not just on war but also on sovereignty, security, and capitalizing on technological opportunities.
- Europe had a wake-up call after Russia's invasion of Ukraine in 2022, leading to a shift in the security landscape.
- The confidence in external protection wavered, pushing Europe towards investing more in defense capabilities.
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Medium
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5 things startups will do instead of testing with real users.
- Brand designers show mockups to buyers in pre-sales deck hero slides, translating nods as 'strong buy-in'.
- Weekly 'validation sessions' involve clicking through choreographed prototypes, collecting ad hoc feedback without challenges.
- Product managers spend days decoding feedback from Account Managers, only to reply vaguely about implementation.
- Startups invest in tools like Amplitude for data-driven design decisions, debating retention challenges without user insights.
- Despite efforts, design debt grows and user feedback remains unaddressed, leading to persistent issues.
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