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Startup News
SiliconCanals
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Eindhoven’s secure data transfer startup LiveDrop raises €2.1M for deployment in NATO-aligned markets
- Eindhoven-based LiveDrop, specializing in secure offline data transfer, has raised €2.1M in a seed round led by Value Creation Capital and supported by Secfund and Kadmos Capital.
- Value Creation Capital, a deep-tech investor in cybersecurity and defense, emphasizes LiveDrop's potential impact on data transfer across sectors like Defense, Cybersecurity, and Healthcare.
- Existing investors like Patronum Investment and angel investors, including industry veteran Cees Links, also participated in the funding round.
- The oversubscribed round reflects confidence in LiveDrop's direction and dual-use strategy, enabling broader deployment in NATO-aligned markets.
- The funds will be used to expand LiveDrop's technology within defense, government, and civilian domains, facilitating international deployment and integration.
- LiveDrop, founded in 2021 by Patrick Moreu, focuses on secure offline data transfer using optical encoding, serving Defense & Security with applications in Cybersecurity and Healthcare.
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Economic Times
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181
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Delhivery unveils short-haul cargo service rivalling Uber, Porter
- Delhivery introduced a short-haul parcel transport service to compete with Uber and Porter in the market.
- The service is targeted for near-distance parcel delivery within city limits, inspired by quick-commerce delivery services.
- Currently, Uber, Rapido, and Porter are some of the firms involved in parcel transportation within cities.
- Delhivery's service is initially available in the national capital region and Bengaluru but plans to expand to other metro cities.
- Third-party logistics companies like Delhivery are diversifying due to tough competition from e-commerce giants' in-house logistics arms.
- The competition in the near-distance parcel delivery market has increased due to the success of quick-commerce services.
- Delhivery aims to rapidly expand its short-haul parcel transport service to other major metro cities.
- Uber, Rapido, and Porter are notable firms involved in ferrying parcels between city areas.
- Delhivery's move to offer short-haul cargo service comes as part of its diversification strategy.
- Delhivery's service is currently operational in Delhi and Bengaluru.
- The rise in popularity of quick-commerce delivery has influenced the growth of near-distance parcel delivery services.
- E-commerce giants like Amazon and Flipkart have in-house logistics arms that intensify competition for third-party logistics firms.
- Near-distance parcel delivery has become a lucrative segment with various players vying for market share.
- Delhivery's MD and CEO, Sahil Barua, expressed intentions to expand the service to key metro cities.
- Delhivery's short-haul cargo service is a strategic response to the evolving logistics landscape.
- Delhivery's move reflects the trend of logistics firms exploring new avenues amid competitive challenges in the industry.
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Hackernoon
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438
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Forget Perfection—Just Build Something People Want (in 48 Hours or Less)
- The author shares insights on making money from a project, detailing their journey from 0 to 10K ARR.
- It's emphasized to focus on what you know to differentiate in the competitive startup field.
- Starting in a familiar area helps in understanding the target audience and building products they need.
- The author highlights examples like duckmath and quackprep to illustrate this approach.
- The importance of creating something within 2 days is stressed due to high competition.
- Validation before creation is recommended to ensure market interest before investing substantial time.
- Building a following and sharing progress helps in marketing the eventual product.
- Growth is expected after multiple failures, and it's advised to scale the successful projects.
- The author concludes by urging readers to adapt to the current competitive landscape and consider starting a project for financial freedom.
- Starting with a directory is suggested as it's easier to market and requires less maintenance, according to John Rush.
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Eu-Startups
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Norwegian energy startup ONiO raises €5 million for world’s lowest power MCU
- Oslo-based ONiO has raised €5 million to ramp production of ONiO.zero – the first general-purpose microcontroller unit (MCU) that cold-starts from under 1µW and runs entirely on ambient energy.
- Funding round led by node.vc and co-led by Maki.vc; Existing investors EIC Fund and MP Pension also participated and doubled down.
- ONiO's technology allows powering microcontrollers entirely from ambient energy, changing the landscape of sustainable IoT.
- ONiO, founded in 2016, specializes in ultra-low-power microcontrollers, including the “world’s most power-efficient” MCU.
- ONiO.zero operates on as little as 22µW/MHz and can cold-start from less than 1µW, running on ambient energy.
- The company's mission focuses on reducing battery waste and providing cost-effective power solutions for IoT devices.
- The chip integrates a RISC-V CPU, radios, power management, security, memory, and more into a single die.
- ONiO.zero has been tested in various applications like solar keyboards, electronic shelf labels, air quality sensors, and asset trackers.
- The company is scaling production to meet demand and providing dev kits and reference designs for engineers.
- ONiO aims to drive innovation and sustainability in the IoT space by unshackling devices from traditional power constraints.
- The funding round will support the volume production of ONiO's power-agnostic wireless microcontroller.
- ONiO.zero harvests energy from sources like solar, RF, thermal, and piezo, eliminating the need for batteries in some applications.
- The technology has been validated in real-world applications, paving the way for the market launch of the chip.
- ONiO's chip is set to revolutionize IoT power solutions and contribute to environmental sustainability.
- The company's integrated chip design consolidates multiple components into one, streamlining production and enhancing efficiency.
- ONiO's focus on minimalist, user-friendly power solutions aligns with the goal of driving a new era of innovation in the IoT sector.
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Startup Pedia
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Trade pact with ASEAN was a 'silly' move, claims Minister Piyush Goyal
- Commerce and industry Minister Piyush Goyal criticized India's trade agreements with ASEAN at the Future Frontiers Forum in London.
- Goyal questioned the rationale behind the 2010 ASEAN-India Free Trade Agreement (AITIGA), stating it exposed India to Chinese imports.
- He mentioned that India entered into trade pacts with competitors without assessing the long-term impact.
- The AITIGA became operational in 2010, widening India's trade deficit with ASEAN over the years.
- India's exports to ASEAN fell while imports grew, causing concerns about non-reciprocity in FTA concessions and non-tariff barriers.
- India sought a review of the AITIGA due to soaring imports from ASEAN, citing issues with Rules of Origin provisions and other barriers.
- The ongoing review process of AITIGA and other trade agreements with countries like South Korea and Japan aims for completion by year-end.
- Goyal highlighted India's shift towards robust trade agreements with developed nations like Australia and ongoing negotiations with New Zealand.
- He mentioned agreements with the UAE, the UK, EFTA countries, and dialogues with the EU, USA, Peru, and Chile.
- India aims for agreements with countries that complement rather than compete, focusing on mutual benefits.
- Countries comprising ASEAN include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
- Goyal's criticism marks a candid statement from a senior NDA government official on the ASEAN FTA.
- The current review process reflects India's efforts to address concerns regarding trade imbalances and barriers.
- India aims to enhance trade relations with nations offering mutually beneficial opportunities.
- India's evolving vision focuses on strategic trade agreements that foster cooperation and complementarity.
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Hackernoon
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Image Credit: Hackernoon
The Most Expensive 0.5% You’ll Ever Give Away
- Founders often give away advisory equity in the early stages of startups without a solid plan, leading to potential long-term issues.
- Small equity grants, like 0.5%, can have significant consequences as the company grows and evolves, impacting valuation and investor confidence.
- Advisory equity, when unstructured, can create tension within the company, especially when it competes with equity for employees actually contributing to the business.
- While advisory equity isn't inherently bad, it requires clear structure including vesting schedules, deliverable documentation, and performance thresholds for genuine strategic value.
- Founders should think strategically about offering equity, ensuring it's not a substitute for structured compensation and that it aligns with the company's long-term goals.
- Cleaning up a bloated cap table filled with informal equity grants can be challenging, impacting negotiation power, credibility, and ultimately the company's success.
- Advisory shares granted without careful consideration can signal a lack of protection for the company, potentially impacting investor perception and pricing power.
- Founders are advised to be intentional with equity decisions in the early stages, ensuring that every advisor adds value, grants are tied to tangible contributions, and agreements are made with the company's best interests in mind.
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Inc42
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Image Credit: Inc42
Capillary Technologies DRHP: A Look At The Shareholding Pattern & Top Leaders
- Capillary Technologies filed its draft red herring prospectus (DRHP) to raise INR 2,250 Cr through an IPO with fresh issue and offer for sale components.
- Funds from IPO to be used for infrastructure, research, acquisitions and more.
- Capillary Technologies specializes in loyalty management and customer platforms for businesses.
- The company turned profitable in FY25 with a profit of INR 13.3 Cr.
- Major stakeholders in Capillary include Promoters and various public shareholders.
- Top leaders in Capillary include Aneesh Reddy Boddu, Neelam Dhawan, and Anant Choubey among others.
- Board of Directors like Neelam Dhawan and independent directors contribute significant experience.
- Key managerial personnel like Gireddy Bhargavi Reddy and Sunil M Jain play essential roles in company operations.
- Capillary's financials and shareholding details demonstrate a stable growth trajectory.
- The IPO-bound Capillary Technologies presents a detailed insight into its leadership and ownership structure.
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ISN
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Image Credit: ISN
Myntra expands quick fashion delivery service ‘M-Now’ to Delhi-NCR and Mumbai
- Myntra expands its rapid delivery service, M-Now, to Delhi-NCR and Mumbai to meet increasing demand for quick fashion access.
- This comes after a successful pilot in Bengaluru, offering delivery of fashion and beauty products within hours.
- Myntra's network of over 40 dark stores in key cities supports rapid order fulfillment from facilities capable of storing thousands of products.
- Chief Business Officer Sharon Pais highlights speed as a strategic focus for Myntra, aiming to cater to speed-sensitive customers in expanding geographies.
- Myntra fulfills nearly half of its orders across 600 cities on the same or next day through M-Express; M-Now aims for an even faster delivery.
- Customer uptake for M-Now has surged during gifting occasions and festive periods, with a significant increase in daily orders in categories like beauty and party wear.
- M-Now's return rates are relatively lower due to catering to high-intent, occasion-led purchases, offering access to 90,000 SKUs across 600 brands.
- The move reflects the broader trend in India's e-commerce sector towards faster delivery; rival Nykaa has also piloted its quick commerce service, Nykaa Now.
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Inc42
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Image Credit: Inc42
Krutrim Buys BharatSah’AI’yak To Expand AI Footprint Across Public Sector
- Krutrim, led by Bhavish Aggarwal, acquires BharatSah’AI’yak, a platform developed by Samagra for AI solutions.
- The financial terms of the deal were not disclosed.
- The acquisition aims to advance large language models (LLMs), cloud infrastructure, and the agentic AI platform Kruti.
- Krutrim plans to expand BharatSah’AI’yak presence in India to democratize AI in public services and citizen engagement.
- BharatSah’AI’yak specializes in vernacular AI bots blending conversational and deterministic flows.
- Samagra's AI team joins Krutrim for a smooth transition post-acquisition.
- Krutrim powered its AI capabilities with the recent launch of AI assistant Kruti.
- Kruti is a Gen 2 multimodal assistant supporting text, voice, image, and file analysis across 11 languages.
- Krutrim aims to launch Kruti for developers to build and deploy new agents on the platform.
- In April, Krutrim hosted Meta’s Llama 4 models on its cloud platform.
- Krutrim claims to be the first Indian AI company to deploy Meta’s Llama 4 models on Indian servers.
- Established in 2023, Krutrim offers various AI services and became a unicorn in January 2024 after raising $50 Mn.
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Eu-Startups
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185
The most common mistakes made by HealthTech founders, and how to avoid them!
- Health tech founders face challenges like market saturation, trust-building, and identifying clear target markets.
- Building trust is crucial for health tech startups, requiring clinical validation, data security, and ROI demonstration.
- Failing to identify a specific target market and specialised approach can lead to wasted resources and lack of growth.
- Understanding decision drivers beyond clinical outcomes is essential for startup success within healthcare organisations.
- Team dynamics play a significant role in the long-term success of a health tech startup, requiring a balance of expertise and communication.
- Resilience, strategic thinking, data discipline, and team culture are vital for startup recovery and growth in the health tech industry.
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Nonprofithub
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Image Credit: Nonprofithub
[PODCAST] Unlocking Leadership: The Power of Mentorship – Ken Miller
- Ken Miller, a lifelong mentor, shares his journey from foster care to mentoring over 50 men in an inspiring podcast episode.
- He distinguishes mentoring, coaching, and workplace sponsorship, highlighting that true mentorship is free, relational, and holistic.
- Ken's mentorship philosophy centers around asking individuals about their dreams and helping them rediscover the ability to dream.
- He addresses the challenges faced by women and people of color in finding mentors and discusses how his organization, Men of Color in Development, supports them.
- The podcast provides practical insights for those seeking mentors, becoming mentors, or establishing a supportive culture.
- Listeners can access nonprofit professional development resources and connections at https://nonprofithub.org.
- The episode is sponsored by Apricot by Bonterra, offering nonprofits a more efficient way to track outcomes, simplify reporting, and increase funding opportunities.
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SiliconCanals
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Image Credit: SiliconCanals
Oslo’s ONiO raises €5M to scale MCU that cold-starts under 1µW, runs on ambient energy
- Oslo-based ONiO, a fabless IoT company, raised €5M led by node.vc and co-lead by Maki.vc.
- Node.vc is an early-stage VC firm in Stockholm that invests in tech startups in Nordic and Baltic regions with an €80M fund.
- The funding will aid in scaling ONiO's ONiO.zero wireless microcontroller, which starts under 1µW and runs on ambient energy.
- ONiO's technology can harvest energy from sources like solar, RF, thermal, and piezo without batteries, contributing to eco-friendly IoT solutions.
- ONiO aims to reduce battery waste, and ONiO.zero is instrumental in achieving this goal.
- ONiO, led by Kjetil Meisal, focuses on ultra-low-power microcontrollers like the power-efficient ONiO.zero for IoT applications.
- ONiO.zero operates on 22µW/MHz, redefining how IoT devices are powered with its ability to run on various energy sources.
- The technology enables smarter, more efficient, and sustainable IoT designs by eliminating the need for batteries or extending battery life significantly.
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SiliconCanals
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Image Credit: SiliconCanals
Punto Health wins NN Social Innovation Startup Award 2025; secures €100K grant for AI platform transforming dementia care
- Punto Health wins NN Social Innovation Startup Award 2025 and secures a €100,000 grant for their AI platform focusing on transforming dementia care.
- Runner-up was The Hacking Games, a Belgium-based startup emphasizing cybersecurity careers from digital talent in gaming communities.
- Punto Health, founded in 2023 by Anna Muñoz Farré and Jack Eckersley, provides AI-powered tools to enhance dementia care.
- PuntoCare is a mobile app supporting individuals with cognitive impairment, while PuntoClinic focuses on remote cognitive assessment and monitoring.
- Other finalists included naext, iYoni App, Juvoly, and Morphoses, each addressing unique societal challenges and receiving awards for their contributions.
- The NN Social Innovation Startup Award, organized by NN Group and Rubio Impact Ventures, supports startups in health, finance, and education sectors.
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Eu-Startups
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Berlin-based Ostrom raises €20 million to accelerate Germany’s smart energy capability
- Ostrom, a German digital green energy provider, secures €20 million in Series B funding to expand smart energy capabilities.
- The funding will be used to subsidize smart meters for customers and grow the NeoGrid Virtual Power Plant.
- Eneco Ventures led the round, with participation from existing investors, bringing the total funding to over €40 million.
- Ostrom aims to accelerate smart meter adoption and scale the virtual power plant through the funding.
- The company offers transparent electricity services with flat monthly fees or electricity-at-cost options to consumers.
- Customers can choose between SimplyFair and SimplyDynamic plans for billing flexibility and green energy consumption.
- The Ostrom App enables users to monitor and optimize their energy usage, connecting with EVs, solar, and battery storage.
- Ostrom experienced rapid growth in 2024, tripled its customer base, and launched a large electric vehicle Virtual Power Plant in Germany.
- The company plans to redefine energy retailing by offering electricity-at-cost and hourly dynamic pricing for consumers.
- Ostrom's focus on automation and AI resolves over half of customer operations automatically, ensuring scalability.
- The company will use the funding to accelerate nationwide rollout, strengthen tech capabilities, and expand the NeoGrid Virtual Power Plant.
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Economic Times
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225
Image Credit: Economic Times
Elevation Capital sells Ixigo shares worth Rs 97.4 crore; Schroder buys stake
- Elevation Capital sells 53.9 lakh shares in Ixigo's parent company, Le Travenues Technology, for Rs 97.4 crore, making a 25x return.
- Schroder International Selection Fund acquires 53.6 lakh shares in Ixigo worth Rs 96.9 crore.
- Elevation Capital continues to hold a 12% stake in Ixigo after selling part of its shares.
- Elevation Capital had initially invested Rs 63.1 crore in Ixigo through various tranches.
- Ixigo reported a net profit surge of 128% YoY to Rs 16.7 crore for the quarter ended March.
- Ixigo's operating revenue for the quarter was Rs 284 crore, up 72% YoY, driven by growth in all business segments.
- Ixigo, founded in 2007, offers travel booking services and utility tools such as train PNR status and seat availability updates.
- Ixigo has 544 million annual active users and 83 million monthly active users.
- The company provides personalised recommendations and automated customer support.
- Ixigo's IPO was listed on June 18 last year at Rs 138, closing at Rs 176.05 on Thursday.
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