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Startup News
Gritdaily
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Teklium Shares Its Best-Kept Secret: A New Platform Where Creators Actually Win
- Teklium introduces a new platform, EQC One, designed to benefit content creators by providing a safe and financially rewarding environment.
- Content creators face challenges in the current ecosystem, with excessive platform fees and risks of unauthorized use of their work.
- EQC One aims to address these issues by focusing on fair compensation and content protection, empowering creators in the digital landscape.
- The platform utilizes innovative technologies and a proprietary digital currency to create a secure and equitable space for transactions within the network.
- EQC One charges only 0.5% on transactions, allowing content providers to retain a significant portion of their earnings compared to traditional platforms.
- It promotes transparency by avoiding algorithms and instead relying on metrics such as downloads and ratings to determine content visibility.
- Strict identity verification for users, along with features like EQCertificate and read-once function, ensures security and control over content for creators.
- The platform's goal is to enable creators to thrive independently and be fairly rewarded for their work without interference from larger entities.
- Teklium envisions EQC One as a transformative solution that opens new opportunities for professionals across various industries to exchange ideas and creations.
- EQC One represents a shift towards a more equitable and secure internet environment where talent prevails without exploitation.
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Medium
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How to Build a Million-Dollar Business with Little or No Starting Capital
- Countless successful entrepreneurs have built multi-million-dollar businesses with little to no money.
- To build a million-dollar business with little to no starting capital, start small and focus on affordable steps.
- Jeff Bezos started Amazon by selling books out of his garage and gradually grew the company.
- Begin small, minimize overhead costs, and anticipate growth on your path to success.
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Siliconangle
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Image Credit: Siliconangle
Cyberhaven nabs $100M for its AI-powered data protection platform
- Data security startup Cyberhaven Inc. has raised $100 million in a Series C funding round, led by StepStone Group.
- The funding round values Cyberhaven at over $1 billion.
- Cyberhaven's platform identifies and ranks cybersecurity risks and provides remediation suggestions.
- The company plans to use the funding to expand its platform's features and invest in go-to-market programs.
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Gritdaily
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Experienced Systems Engineer Shiva Gangaraju Mentors Teams Through Complex Software Transition Projects
- Experienced Systems Engineer Shiva Gangaraju mentors teams through complex software transition projects.
- Shiva Gangaraju developed a “universal translator” method for merging software systems after acquisitions, improving cross-selling opportunities and reducing data redundancy.
- AI, specifically natural language processing (NLP) algorithms, is used by Shiva Gangaraju to analyze and integrate data from various platforms.
- Emphasizing employee adoption and engagement, Shiva Gangaraju focuses on hands-on training and communication to achieve higher adoption rates in software system integration projects.
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Medium
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Chapter I: “Oops, We Started a Company” — Broken Macs, Dead Cars, and a Homemade Office
- Starting a startup is like babysitting a toddler.
- The founders faced challenges with broken Macs and no budget.
- One of the team members encountered a problem with video calls, but managed to fix it using WebRTC.
- In the process, they unintentionally improved their platform.
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Medium
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idea.env: Startup or Non-profit?
- idea.env is an incubator of social impact initiatives that aims to reimagine how students lead their education within passion projects.
- They offer outreach programs and digital spaces for their areas of concentration, prompting the organization to be seen as a startup.
- idea.env is structured with labs and hubs, connecting learners with knowledge through practical applications and collaborative work.
- With a focus on the market reach and user base, idea.env aims to shape their target market, grow in numbers, and make their vision stronger.
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Inc42
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RapidClaims Bags $8 Mn To Offer SaaS Solutions To Healthcare Providers
- AI-powered SaaS startup RapidClaims has raised $8 Mn in Series A round led by Accel, with participation from Together Fund.
- The funding will be used to accelerate go-to-market efforts, enhance tech stack, and expand sales and marketing teams.
- RapidClaims offers AI-powered revenue cycle management platform for healthcare providers, focusing on automating tasks and improving clinical documentation.
- The startup plans to expand into claim adjudication and end-revenue cycle segments, and aims for 5X growth in the coming quarters.
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TechCrunch
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The affidavit of a Rippling employee caught spying for Deel reads like a movie
- Rippling employee affidavit reveals he spied for Deel, resembling a movie script with sting operations and smashed phones.
- Rippling filed a lawsuit against Deel for various charges, revealing Keith O’Brien as the employee involved in the spying.
- O’Brien was hired by Rippling but agreed to spy on them for Deel, providing sensitive information and conducting searches on company resources.
- O’Brien was caught when screen recordings were backed up to his iCloud, leading Rippling to set a trap and expose him.
- Rippling’s lawyer sent a letter to Deel's leadership as part of the trap, resulting in O’Brien's confrontation and attempt to evade scrutiny.
- O’Brien initially cooperated with false claims suggested by Deel's representatives but later opted to tell the truth after hiring his own lawyer.
- Deel has not responded officially, denying the allegations, while Rippling's attorney sees the evidence as clear and aims to hold Deel's leadership accountable.
- Rippling's actions towards Deel have sparked mixed reactions, with some praising Rippling's actions while others criticize their tactics.
- Rippling's ongoing legal battle with Deel highlights a complex web of corporate espionage and rivalry.
- The incident underscores the high-stakes nature of competition within the tech industry, where tactics like spying and legal battles are not unheard of.
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Medium
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Why Custom IT Solutions Are Essential for Growing Startups
- IT has become almost equally crucial for startups, serving as the backbone supporting various aspects of the business.
- Custom IT solutions are designed specifically for the unique requirements of a business, ensuring the right IT infrastructure.
- Scalability is crucial as startups grow, and custom IT solutions allow systems to seamlessly scale with changing needs.
- Custom IT solutions provide a competitive edge by enabling quick adaptation to new tools, optimizing operations, and protecting sensitive data.
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Economic Times
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Eruditus FY24 Ebitda loss narrows, founder cites focus on profitability
- Eruditus, the executive education startup, reported a 12% revenue growth in its last financial year, reaching Rs 3,733 crore.
- The company's operating loss (Ebitda loss) narrowed to Rs 69 crore, compared to Rs 417 crore in the previous year.
- The focus on reducing marketing expenses and discontinuing underperforming courses contributed to the Ebitda improvement.
- Eruditus aims for 15% growth in FY25, targeting around Rs 4,500 crore in revenue, driven by its enterprise and India businesses.
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20 Likes
Medium
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How to Make Money from Home: A Practical Guide
- There are several ways to make money from home, including graphic design, web development, virtual assistance, and marketing and social media management.
- Online teaching and tutoring is also a viable option, where you can create courses or provide one-on-one lessons through platforms like VIPKid, Teachable, and Udemy.
- Starting your own online store through platforms like Shopify, Etsy, or Amazon is a profitable venture in the booming e-commerce industry.
- Other options include affiliate marketing, monetizing content through platforms like YouTube, Medium, and Patreon, selling photos and designs online, virtual assistant jobs, website and app testing, and investing in stocks, real estate, or cryptocurrency.
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Startup Pedia
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China Enters Era Of Flying Taxis, Grants Approval To First Pilotless Commercial Passenger Drones
- China has granted approval for the first pilotless commercial passenger drones, marking the start of the 'flying taxi' era.
- The Civil Aviation Administration of China issued air operator certificates to EHang Holdings and Hefei Hey Airlines.
- China sees the low-altitude economy, including passenger drones, as crucial for economic expansion.
- EHang is the world's first company in China to receive a production certificate for autonomous passenger drones.
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19 Likes
Inc42
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382
Image Credit: Inc42
Delhi HC Directs Wikipedia To Take Down Defamatory Content Against ANI
- The Delhi High Court (HC) has issued interim directions to Wikipedia to take down alleged “defamatory statements” made against news agency ANI on the online encyclopedia.
- The petition accused Wikimedia Foundation, Wikipedia’s parent, of allowing defamatory “edits” on ANI’s pages, including references that the news agency acted as a “propaganda tool” for the Centre.
- The HC took strong objection to Wikipedia’s conduct and issued a notice for contempt of court. However, Wikipedia quickly moved a division bench of the HC to appeal against this.
- Last month, Maharashtra Cyber Cell registered a case against four Wikipedia editors for not taking down ‘objectionable’ content on Chhatrapati Sambhaji Maharaj on the platform.
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Yourstory
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Image Credit: Yourstory
Eruditus leads India’s edtech revenue charts with Rs 3,733 Cr in FY24
- Edtech unicorn Eruditus achieved steady revenue growth in FY 2023-24, becoming India's highest revenue-grossing edtech firm.
- In FY24, Eruditus recorded a revenue of Rs 3,733 crore, a 12.4% increase YoY.
- The company's EBITDA loss reduced to Rs 69 crore in FY24, down 83.5% from the previous year.
- Eruditus aims to exceed $1 billion in revenue within the next five years and is targeting a topline of $520-$530 million in FY25.
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Inc42
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Image Credit: Inc42
Startup Mahakumbh: From Speakers To Sessions, Here’s Everything You Need To Know
- The second edition of Startup Mahakumbh is set to take place from April 3 to 5 in New Delhi, featuring 3,000 startups across various sectors.
- The theme for this year's event is “Startup India @ 2047 – Unfolding the Bharat Story”, focusing on innovation and entrepreneurship.
- Startup Mahakumbh will include panels, fireside chats, and mentorship sessions with industry experts and investors, providing practical guidance for startups.
- Key themes at the event include tech-led scaling, capital access, regulatory tailwinds, financial innovation, evolving consumer landscape, and mobility.
- The event will feature discussions on long-term venture building, financial infrastructure, and creating sustainable market categories.
- Startup Mahakumbh will also highlight inclusion and scale through pavilions focused on agritech, climate tech, healthtech, and public-private partnerships.
- Celebrities like Sonam Kapoor, Bhuvan Bam, and influencers will be part of the event, while founders will share insights on brand building and profitability.
- The event aims to address critical questions about capital, inclusion, and growth as India moves towards its entrepreneurial vision for 2047.
- Startup Mahakumbh offers a platform for stakeholders to discuss entrepreneurship trends, policy dialogues, and partnerships for sustainable growth.
- With a focus on regional innovation and inclusivity, Startup Mahakumbh plays a pivotal role in shaping India's entrepreneurial landscape.
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