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Startup News
Inc42
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Mayank Kumar’s BorderPlus Marks Maiden Acquisition With German Firm
- Mayank Kumar’s talent mobility startup BorderPlus has acquired German healthcare recruitment firm Onea Care, marking its first acquisition.
- BorderPlus plans to set aside $10 Mn for mergers and acquisitions to expand its operations in markets including India and Germany.
- The acquisition aims to help Indian nurses and healthcare professionals access structured job opportunities in Germany and will provide access to top universities and healthcare chains.
- Germany is currently facing a shortage of healthcare professionals and nurses, and the acquisition comes at a time when healthtech startups in India have seen a significant increase in funding.
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Medium
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Unlock Blinkit Franchise Cost Secrets: Profits & Insider Tips Revealed!
- Blinkit is a market leader in the quick commerce space with its dark store model.
- Investing in a Blinkit franchise offers benefits like brand awareness and a growing market.
- The total estimated investment to open a Blinkit franchise is between ₹23 lakhs and ₹45 lakhs.
- Blinkit franchisees receive operational support, including training and marketing assistance.
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Medium
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Something Happening 5 CHAPTER 9 : The Environmental Impact of Industrialization
- Industrialization has significant environmental impacts, including air pollution, water contamination, deforestation, and soil degradation.
- Factories release greenhouse gases, such as carbon dioxide and methane, contributing to global warming.
- Industrial processes contaminate water bodies with chemicals and heavy metals, posing risks to aquatic life and human health.
- The expansion of industries leads to deforestation, habitat destruction, and reduced biodiversity.
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Yourstory
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102
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Zomato lets go of 600 employees amid slowdown and AI efficiencies
- Zomato has let go of 600 customer support associates over the last year, achieving operational efficiency through AI-powered customer support platform Nugget.
- The majority of these contractual workers were not renewed at the end of their tenure.
- Zomato fired over 500 employees from its Gurugram and Hyderabad offices, citing reasons like minor attendance issues, relations with managers, and AI-generated performance assessments.
- Zomato saw a decline in profits in the third quarter of fiscal 2025 and its quick commerce arm, Blinkit, has faced challenges due to competition and rapid expansion.
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Insider
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The CEO of LexisNexis thinks AI could make lawyers more expensive — to the tune of $10,000 an hour
- CEO of LexisNexis, Sean Fitzpatrick, believes that AI could potentially make lawyers more expensive, with some partners charging up to $10,000 an hour.
- Fitzpatrick suggests that lawyers who leverage AI can provide higher quality service and, therefore, charge more for their work.
- He gives an example of a lawyer who, with access to AI technology, can create more value for the client, resulting in possible billing of $8,000 instead of $7,500.
- Although the legal industry is moving towards fixed fees, the value of lawyers' time may increase as they can focus on more complex problem-solving tasks with the help of AI tools.
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Eu-Startups
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The EIT Digital Champions arise once more
- The EIT Digital Champions 2025 have been announced, showcasing Europe's thriving deep tech ecosystem.
- 50 finalists, with 50% featuring women in executive roles, presented their innovative solutions to investors and experts.
- The 8 champions include companies specializing in multimedia content, cybersecurity, urban mobility, geospatial data analytics, urban parking, AI and machine learning, AI and Web3 innovation.
- Each champion gains access to the EIT Digital Growth Services program, providing support to refine their pitches, connect with investors, and secure funding.
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Yourstory
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India's growth to be highest among emerging G20 nations: Moody's
- Moody's Ratings expects India's growth to be the highest among advanced and emerging G20 countries at 6.5% this fiscal year.
- Tax measures and continued monetary easing are expected to support India's growth.
- India is projected to attract and retain capital and has a low vulnerability to external financial shocks.
- Emerging market growth is expected to slow in 2025-26, with variation by country. Large and domestically driven economies like India and Brazil are better prepared to withstand cross-border outflows.
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ISN
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Evenflow raises fresh funds from Venture Catalysts and angel investor Sunder Ramachandran
- Evenflow, a Mumbai-based startup, has raised an undisclosed amount of funding in an ongoing Series A round, totaling $5 million, from Venture Catalysts, Sunder Ramachandran, and a few angels.
- The funds will be used to grow and improve the bottom line of Evenflow's multi-brand portfolio, which includes Xtrim, Yogarise, Rusabl, BabyPro, Trendy Homes, Cinagro, and Frenchware.
- The company focuses on quick commerce and marketplace distribution, which has led to 350% growth in recent months.
- Evenflow aims to increase its revenue by 10x and profits by six-fold by 2027.
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Startup Pedia
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Kusha Kapila’s Shapewear Brand UnderNeat Gets New Investors - Fireside Ventures & Mamaearth’s Ghazal Alagh
- Influencer-turned-actor Kusha Kapila's shapewear brand UnderNeat has received funding from Fireside Ventures and Mamaearth co-founder Ghazal Alagh.
- The seed funding round is estimated to be around Rs 8-10 crore.
- UnderNeat aims to position itself as a 'mass-premium' shapewear brand, inspired by Kim Kardashian's Skims.
- The demand for shapewear in India is still in its early stages, but there is potential for growth.
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Economic Times
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Fashion startup CaaStle CEO Hunsicker resigns over fraud claim as firm teeters
- Christine Hunsicker, CEO of fashion startup CaaStle, has resigned after allegations of misrepresenting the company's performance
- CaaStle faces a severe liquidity problem and potential options include wind down, liquidation, or strategic transaction
- Investigations are underway concerning the alleged fraud and the company is cooperating with authorities
- George Goldenberg, the company's COO and board member, has been appointed as interim CEO
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Inc42
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218
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Exclusive: Boba Bhai’s Revenue Zooms 6X To INR 30 Cr In FY25, Eyes 3X Growth Next Year
- Boba Bhai, a quick-service restaurant brand, saw its net revenue surge 500% to INR 30 Cr in FY25.
- The startup is currently generating INR 4 Cr in monthly revenue and is seeing strong traction from the quick commerce channel.
- Boba Bhai offers bubble tea in 45 flavors and has over 50 stores and plans to expand to 150 stores by the end of the year.
- The startup is eyeing a revenue of INR 70 Cr to INR 100 Cr in FY26, with quick commerce expected to contribute 40% of the total revenue.
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SiliconCanals
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Alphabet spinout Isomorphic Labs secures €555.4M to further transform drug discovery with AI
- London-based Isomorphic Labs has raised $600M in its first external funding round led by Thrive Capital and with participation from GV and Alphabet.
- Isomorphic Labs, founded by Sir Demis Hassabis, uses AI to transform the drug design process and has developed advanced AI models for comprehensive drug design.
- The company, a spin-off of Google DeepMind, utilizes DeepMind's AI software, including AlphaFold, in its drug discovery process.
- The funding will be used to advance AI research and development, expand the team, and further develop the next-generation AI drug design engine.
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Inc42
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Evenflow Bags Fresh Funding From Venture Catalysts, Others
- Evenflow, a Thrasio-style marketplace aggregator, has raised fresh funding from Venture Catalysts, head of business transformation at Dr Reddy’s Laboratories Sunder Ramachandran, and angel investors.
- The company has raised a total of $14 Mn in funding till date and plans to use the fresh funds to grow and improve its multi-brand portfolio.
- Evenflow acquires and scales third-party sellers on ecommerce marketplaces and has grown 350% by focusing on distribution across platforms including Amazon, Flipkart, and Walmart.
- The roll-up e-commerce model is gaining traction, with the D2C segment expected to grow to $60 Bn by FY27.
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Inc42
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Kaynes Likely To Deliver India’s First Packaged Semiconductor Chip By July
- Kaynes Semicon, a subsidiary of electronics manufacturing company Kaynes Technologies, is planning to deliver India’s first packaged semiconductor chip by July.
- The pilot for the project is almost complete, and machinery and clean room facilities will be operational by May.
- After qualification testing in June, the initial samples will be handed over to US firm Alpha Omega Semiconductor.
- Kaynes aims to produce 60 lakh chips per day and provide cutting-edge chips in various industries supported by the India Semiconductor Mission.
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Yourstory
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257
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Startup news and updates: Daily roundup (April 1, 2025)
- India aims to electrify public transportation with plans to deploy 50,000 electric buses by 2030 and ensure 40% of buses are electric.
- Xebia focuses on nurturing tech talent in Tier II cities in India for AI solutions, particularly in Jaipur and Bhopal.
- Bajaj Auto surpasses Ola Electric as the leader in electric two-wheelers with 26.8% market share in March.
- OpenAI raises $40 billion with a valuation of $300 billion, led by SoftBank Group and other prominent investors.
- Evenflow secures funding as part of its ongoing Series A round to enhance growth and profitability across its portfolio.
- Entvin AI receives $500,000 funding from Y Combinator to expand AI capabilities in pharmaceutical solutions.
- Tvaster Genkalp secures $1.25 million in pre-Series A funding to advance molecular diagnostics for liver cancer detection.
- Hasiru Dala Innovations raises Rs 6 crore in pre-Series A round to expand its circular economy initiatives and sustainable waste management.
- Former Federal Bank CEO, Shyam Srinivasan, joins TVS Capital Funds as Senior Advisor, bringing vast experience in banking and financial services.
- The article highlights various funding activities, market changes, and strategic moves in the startup ecosystem, showcasing a diverse range of developments.
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