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Startup News
Eu-Startups
2w
194
Oxford-based Diffblue secures €5.8 million to fuel momentum for generative AI-for-code
- Oxford-based Diffblue has raised €5.8 million in funding to support the growth of its generative AI-for-code software.
- The company has experienced a record six-month period, achieving 326% net new ARR growth.
- Toffer Winslow has been appointed as the new CEO of Diffblue to drive its next stage of growth.
- Diffblue's AI-powered test generation platform has been adopted by major clients such as Citi, ING, Cisco, AstraZeneca, and BNY Mellon.
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Insider
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389
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BBG Ventures raises $60 million for its latest fund and moves beyond just backing female founders
- New York-based BBG Ventures has raised a new $60 million fund.
- The latest fund will invest in both female founders and those with diverse backgrounds.
- New investors in the fund include Pivotal Ventures, California Endowment, and Mizuho.
- BBG Ventures is moving beyond just backing female founders to any entrepreneur from a diverse background.
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TechBullion
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225
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The Future of Startups in Texas’s Tech Scene
- Texas is becoming a major tech startup hub, competing with Silicon Valley and New York, with Austin already nicknamed Silicon Hills and big tech players like Tesla and Apple moving in.
- Texas attracts startups because of its business-friendly environment, with no state income tax, low regulations, and lower cost of living compared to pricier places like San Francisco.
- There's a solid startup community in Texas, with incubators and co-working spaces like Capital Factory and Tech Ranch, which also foster mentorship and introduce founders to investors.
- Universities in Texas, like the University of Texas at Austin and Rice University, offer skilled grads and their own startup incubators and innovation programs.
- More investors are turning to Texas, with the lower cost of living stretching funding round and specialized investors drawn to sectors like energy, healthcare, and AI.
- Unlike Silicon Valley's software-heavy industry, Texas has a broader economic base spanning energy, healthcare, aerospace, and more, giving startups ample opportunity for innovation.
- Challenges include high competition for talent amid a rise in remote work, and infrastructure needs in cities experiencing high growth, like improving housing prices, traffic, and internet access.
- Areas of growth for Texas startups include AI and machine learning, blockchain, decentralized tech, and renewable energy, with continued investment in wind, solar, and energy storage.
- To ensure long-term success, collaboration among companies, investors, and entrepreneurs is key, with local governments and universities playing a role in offering incentives, improving infrastructure, and promoting entrepreneurship.
- Texas offers endless possibilities for young entrepreneurs looking to launch a software startup, work in clean energy, or develop AI-driven solutions, with the potential for growth and innovation being huge.
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Startup Pedia
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121
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Ola Electric Announces Diwali Discounts Upto Rs. 25,000 on S1 Scooters
- Ola Electric is offering Diwali discounts of up to Rs. 25,000 on its S1 scooters.
- Buyers can also avail offers worth Rs. 30,000, making it an attractive deal.
- The Ola S1 scooter offers a top speed of 115 km/h and a range of 181 km on a single charge.
- The Diwali offer is valid from October 29 to October 31 as part of the 'Ola Biggest Season Sale.'
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Startupreporter
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4th Somaiya Polymer Science Symposium S4P-4 Celebrates Innovations in Polymer Industry and Academia
- The 4th Somaiya Polymer Science Symposium Series (S4P-4) was successfully hosted by the S. K. Somaiya College of Somaiya Vidyavihar University.
- The event was centered around the theme “Polymer Science: Shaping Tomorrow’s Innovations,” aiming to showcase significant advancements and ideas in the field of chemistry and polymer science.
- The symposium featured several academic sessions, a separate Industrial session as well as a student session, with 5 best poster awards from the American Chemical Society.
- Over 30 eminent speakers from academia and industry addressed diverse topics that included sustainable polymers, Rheology, Polymer nanomaterials, biomaterials, and Supramolecular chemistry.
- Leading professors delivered keynote speeches, including Padmabhushan Prof. P. Balaram on “Science Education in India: An Uncertain and Challenging Future,” among others.
- The symposium was steered by a 13-member scientific committee, including Dr. Rahul Shingte of Solvay, Vadodara, who partnered with Anusandhan National Research Foundation (ANRF) among other associations.
- The University expressed gratitude to all the distinguished guests for their attendance and commitment to advancing polymer science.
- The event brought together several ex-students of Prof. V N Rajasekharan Pillai, including Prof. K Sreekumar, Cochin University of Science and Technology, and Dr. Sasikumar Pottayil, GaloreTx Pharmaceuticals Private Limited, Bangalore, among others.
- The symposium’s success was a testament to the organizers' dedication to science, including Prof. Anil Kumar and other distinguished guests.
- The SPSI, with a legacy of over three decades, is represented by several regional chapters across major cities in India, organizing professional activities to support its members.
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Gritdaily
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320
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WhiteBIT Surpasses 5 Million Users, Strengthening Its Leadership in Europe’s Crypto Market
- WhiteBIT, one of Europe’s largest centralized crypto exchanges, has surpassed 5 million users, doubling its user base since 2022.
- The platform's trading volume exceeded $1 trillion and its B2B services support over 1,000 business clients.
- WhiteBIT's growth is fueled by strategic partnerships with major football clubs, organizations, and technology providers.
- The exchange focuses on global expansion, security, and technological advancements to bridge the gap between traditional finance and cryptocurrency.
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Economic Times
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212
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Quick commerce can be bigger than food delivery, won't be a duopoly: Swiggy founder Sriharsha Majety
- Swiggy founder Sriharsha Majety says that quick commerce can become a bigger business than food delivery in India and, unlike food delivery, it won’t be a duopoly.
- Swiggy’s IPO valuation is not linked to listed rival Zomato, but instead reflects its growth plans.
- Swiggy is targeting a $30-50bn market for quick commerce in India in the next four to five years.
- Investor sentiment towards quick commerce is currently positive.
- Swiggy believes there's room for multiple players in the quick commerce segment, and it won't be a duopoly as is the case with food delivery.
- The success will come down to how effectively players serve customers over the next few years through assortment and convenience.
- Swiggy plans to use IPO capital to fund the quick commerce expansion of its dark stores.
- Swiggy aims to continuously improve profitability on each of its segments.
- Swiggy is testing a new line of business with Rare, a private member's club.
- Swiggy's approach to growth in the food business is to unlock new consumption occasions, use cases and affordability.
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Inc42
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225
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Niyo Narrows Losses To INR 143.47 Cr, Revenue Declines 28.6% In FY24
- Neobanking startup Niyo Global reported a decline in operating revenue to INR 93.84 Cr in FY24, down 28.6% from the previous year.
- The company narrowed down its net loss by 18.95% to INR 143.47 Cr in FY24.
- Lower overall expenses contributed to the reduction in losses, with expenses falling by 20.3% in FY24.
- Niyo offers banking solutions tailored to customers and raised a total of $179 Mn in funding.
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Startupreporter
2w
0
Image Credit: Startupreporter
Diwali Message From Prof. Dr. Parin Somani, CEO Of The London Organisation of Skills Development
- Prof. Dr. Parin Somani, CEO of the London Organisation of Skills Development, extends Diwali wishes to everyone.
- Diwali symbolizes hope, renewal, and the triumph of light over darkness.
- It is a reminder to embrace compassion, kindness, and dialogue for unity and harmony.
- The message emphasizes the importance of advocating for peace and valuing every individual.
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Startupreporter
2w
25
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44th India National Level Brainobrain Abacus Competition Celebrates Unprecedented Success
- The 44th India National Level Brainobrain Abacus Competition, held at the Chennai Trade Centre, concluded with resounding success.
- Over 8193 students from across the country participated in the competition, showcasing exceptional abacus and mental arithmetic skills.
- The event celebrated the effectiveness of Brainobrain's abacus training methods and highlighted the importance of mental arithmetic and skill development.
- Brainobrain is a global leader in abacus and skill development programmes, focused on nurturing young minds and empowering children with the tools for success.
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Startupreporter
2w
186
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Brahmavidya Sadhak Sangh Releases The Puzzle of Life on Young Professionals Struggles
- Brahmavidya Sadhak Sangh has released a short film titled 'The Puzzle of Life' that explores the struggles faced by young professionals in the corporate world.
- The film addresses real-world challenges and provides practical guidance on overcoming them through the teachings of Brahmavidya.
- The story revolves around Rahul, a recent graduate, who seeks support from his mentor and boss, Riya, to navigate the pressures of his first corporate role.
- The film is available for streaming on Brahmavidya Sadhak Sangh's YouTube channel, offering valuable insights and techniques for young professionals.
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Startupreporter
2w
82
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Absolute Matrimony Wins Most Trusted Indian Matrimony Site at Snehshilp Foundation Start-Up Fest 2024
- Absolute Matrimony, one of the leading matrimonial services in India, has been recognized as the "Most Trusted Indian Matrimony Site" at the Snehshilp Foundation's Start-Up Fest Gujarat 2024.
- The award highlights the platform's commitment to authenticity, security, and user satisfaction.
- Absolute Matrimony ensures authenticity through enhanced profile verification, exclusive access for verified members, and a zero-tolerance policy against fake profiles.
- The platform offers innovative features such as thorough verification, compatibility matching, privacy assurance, and advanced search filters.
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Eu-Startups
2w
34
Dublin-based SynOx adds new capital to Series B, raising total to €84.8 million
- Dublin-based biopharmaceutical company, SynOx, has raised additional funding in the final close of its Series B financing, bringing the total capital raised to €84.8 million.
- The funding round was led by new investor Gilde Healthcare, along with investments from Forbion, HealthCap, and Bioqube Ventures.
- The proceeds will support a Phase 3 clinical trial of emactuzumab, a potential treatment for Tenosynovial Giant Cell Tumour (TGCT), a rare joint disorder.
- The trial, named TANGENT, aims to evaluate the efficacy and safety of emactuzumab, with the first patients already dosed.
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Yourstory
2w
1.7k
Image Credit: Yourstory
Niyo trims losses; revenue drops 28.6% in FY24
- Niyo Global, a fintech startup, reported a 28.6% drop in revenue to Rs 93.84 crore in FY24 compared to the previous fiscal year.
- The company's total loss for FY24 decreased by 18.96% to Rs 143.47 crore, primarily due to lower expenses.
- Total expenses in FY24 fell by 20.3% to Rs 250.75 crore, with reductions in employee expenses, other expenses, and advertising and promotional expenses.
- However, printing and stationery costs increased by 33.33% to Rs 27.68 crore, and spending on servers and IT infrastructure rose by 108.6% to Rs 27.90 crore.
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Yourstory
2w
2.7k
Image Credit: Yourstory
Japanese inventor makes 6 robotic clones: Are we ready?
- Japanese inventor Hiroshi Ishiguro has created 6 robotic clones of himself, showcasing advancements in AI and robotics.
- The latest clone robot, Geminoid HI-6, can replicate Ishiguro's facial expressions, engage in conversations, and answer questions.
- While these robotic clones raise ethical and societal dilemmas, they also have potential applications in customer service, education, and therapy.
- The impact of humanoid robots on emotional connections, job market, and workforce balance needs careful consideration.
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