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Startup News
Pymnts
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378
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Tipalti Expands Treasury Automation Offerings With Statement Acquisition
- Tipalti acquires AI-powered treasury automation provider Statement to enhance cash flow visibility and forecasting.
- Statement's solution automates cash position visibility, cash flow forecasts, and insights across platforms.
- The addition aims to optimize working capital, improve liquidity, and ensure accurate financial forecasts.
- The move aligns with the trend of technology like AI modernizing finance functions such as accounts receivable.
- Companies still struggle with automating AR operations despite the rise of FinTech tools.
- Late invoices, poorly enforced payment terms, and reactive collections remain common issues in AR processes.
- Delayed payments can lead to significant revenue losses and hinder working capital for firms.
- Automation in AR operations is crucial for maintaining financial health and customer relationships.
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Startup Pedia
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374
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“A couple of folks are talking about AI job prep by apna, so I checked it out," Anupam Mittal lauds AI platform
- Anupam Mittal praises India's largest early talent hiring and jobs platform, apna, for its AI job preparation features.
- Mittal shared his experience of job preparation during his student life in the US and highlighted the lack of similar resources for Indian students.
- He expressed excitement about apna using AI to help candidates in India improve interview preparation and land jobs.
- Mittal found apna's focus on specific job roles in their AI job prep commendable, especially the personalized interview practice and feedback.
- He regretted that such AI-driven tools were not available when he was starting.
- apna.co, founded in 2019, is India's largest early talent hiring platform connecting millions of job seekers and employers across various sectors.
- The platform is trusted by leading enterprises in India and specializes in enterprise hiring solutions for various sectors like Retail, BFSI, BPO, Healthcare, and more.
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Medium
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98
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Why European founders will NEVER catch up to American founders
- European founders are lagging behind American founders due to a fear of taking risks, not lack of capital or regulatory obstacles.
- Failure is perceived differently in the US where it's seen as part of the learning process, whereas in Europe it carries a stigma.
- In Europe, bankruptcy laws are stricter, and the reputational cost of a failed startup is higher, discouraging risk-taking.
- The societal support system in Europe, like public healthcare and job security, makes founding a startup less necessary.
- In the US, the startup culture encourages risk-taking and rewards ambitious ventures, pushing talented individuals toward entrepreneurship.
- Equity is utilized more effectively in the US to build successful startups, while in Europe, founders tend to hoard equity, limiting growth potential.
- Complex compliance systems in Europe create hurdles for startups, leading to wasted resources on legal matters instead of product development.
- The fragmented nature of talent, VCs, and corporates across Europe hinders the growth and mentorship opportunities for startups.
- Europe faces a founder mindset problem, requiring a shift in beliefs and risk-taking attitudes to foster a more vibrant startup ecosystem.
- To compete with American founders, European founders need to embrace risk, act fast, and prioritize building impactful businesses over playing it safe.
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Inc42
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3.5k
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This Indian Startup Is Ditching China’s Rare Earth Grip With Smarter EV Motors
- China's ban on the export of rare earth minerals has caused disruptions in the global automotive industry, with India also affected due to the country's control over 90% of rare earth minerals.
- Amidst this crisis, Chara Technologies, founded by tech experts and automotive veterans, developed synchronous reluctance motors that do not rely on rare earth materials, offering a viable alternative for electric vehicles.
- Chara's motors are 5% more efficient than traditional rare-earth-based motors, addressing concerns of reliance on Chinese rare earths.
- The startup received initial funding from IISc Bengaluru and later raised significant investments from venture capital firms, enabling them to scale up production of these rare-earth-free motors.
- Chara's motors have been well-received, being 5% more efficient than rare-earth motors, although they are slightly heavier due to the absence of powerful magnets.
- The startup serves customers globally, including partnerships with European companies, and plans to ramp up production capacity to meet increasing demand in the electric vehicle market.
- Chara aims to sell 15,000 motors by the end of FY26, with potential revenues of $5 Mn, and is exploring partnerships for contract manufacturing to reduce costs.
- While facing challenges such as motor weight impacting vehicle efficiency, Chara's innovative approach to sustainable mobility amidst rare earth supply chain disruptions signifies a promising future for the startup.
- The startup's impact extends beyond electric vehicles, with a significant portion of revenue coming from off-highway applications, showcasing the versatility and market demand for their rare-earth-free motors.
- Chara's focus on sustainability and long-term impact aligns with the growing global shift towards reducing reliance on rare earth minerals, positioning the startup strategically in the evolving automotive industry landscape.
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ISN
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44
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India's unemployment rate rises to 5.6% in May 2025: Govt data
- India's unemployment rate increased to 5.6% in May 2025 from 5.1% in April as per govt data.
- The rise is attributed to seasonal changes, affecting rural labor demand after the Rabi harvest.
- Both rural and urban regions saw a hike in jobless rates, with youth unemployment climbing.
- Youth unemployment among 15–29 age group in rural areas reached 13.7% in May.
- Urban youth unemployment rose slightly to 17.9%.
- Female unemployment rate was slightly higher at 5.8% compared to the male rate of 5.6%.
- Labour Force Participation Rate declined to 54.8% in May, with rural LFPR at 56.9% and urban LFPR at 50.4%.
- Men displayed higher participation rates in the labor force than women, with rural men's LFPR at 78.3%.
- Worker Population Ratio dropped to 51.7% in May, with urban areas registering 46.9%.
- Employment in the primary sector, especially agriculture, decreased in May from April.
- Urban labor market remained stable with minor declines, impacting the overall unemployment rate.
- Monthly changes in PLFS indicators are influenced by short-term factors like climatic cycles.
- The data highlights persistent vulnerabilities in youth and female employment and rural livelihood sensitivity to seasonal shifts.
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Startup Story
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196
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Aspora Raises $93M from Sequoia, Greylock to Build Cross-Border Banking for Immigrants; Valuation Hits $500M
- London-based fintech startup Aspora, founded by Parth Garg, raises $93 million with a $500 million valuation.
- Funding rounds include $5M seed extension, $35M Series A led by Sequoia Capital, and $53M Series B co-led by Sequoia and Greylock.
- Backed by Y Combinator, Aspora is focused on cross-border banking for immigrant communities, initially targeting the Indian diaspora.
- Aspora's offerings encompass remittances, banking, credit, investments, and insurance, facilitating seamless money transfer for users.
- The platform has processed over $2 billion in remittances, saving its 250,000 users $15 million in fees.
- Luciana Lixandru from Sequoia, now on Aspora's board, highlights the uniqueness of Garg's vision.
- Prominent angels like Balaji Srinivasan, Sundeep Jain, and Prasanna Sankar are part of Aspora's cap table.
- Aspora operates in the UK, EU, and UAE, with plans for expansion to the US, Canada, Australia, and Singapore by year-end.
- The startup is gearing up to introduce cross-border credit, insurance, and investment products as it expands globally.
- The investment reflects VC interest in developing advanced fintech solutions for global Indians and immigrant communities.
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Hitconsultant
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249
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Nabla Raises $70M to Build an “Agentic” AI Assistant for Clinicians
- Nabla, a widely adopted AI assistant in clinical care, raises $70M in Series C funding led by HV Capital.
- Highland Europe and DST Global join as key investors, bringing Nabla's total capital raised to $120M.
- The funding will accelerate product development, fuel team growth, and support strategic partnerships for expansion.
- Nabla is transitioning from ambient documentation to a more agentic AI model for clinical use.
- The next phase aims to improve clinical documentation integrity, initiate EHR actions, and support diverse clinical roles.
- Nabla plans to build an Adaptive Agentic Platform with features like Proactive Coding Agent and Context-Aware Agent.
- The platform is expanding into various care settings to streamline clinical workflows.
- Nabla's assistant is used by major health systems like CVS Health and has seen revenue multiply by five in the past six months.
- The platform supports over 85,000 clinicians, with measurable results in reducing documentation time and improving patient satisfaction.
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Medium
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8
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The Venture Partner’s New Playbook: Your Network Is No Longer Your Greatest Asset
- The venture and growth landscape is shifting towards the 'agent-first' economy, where AI agents, not humans, will drive commerce.
- This change creates a 'Crisis of Verifiability' that will render traditional business models obsolete.
- In the new economy, AI agents prioritize provable, machine-readable trust over networks or marketing campaigns.
- Startups' integrity is now their most crucial asset in this evolving ecosystem.
- Venture Partners need to adapt to this new reality by developing new skills and behaviors.
- Mentorship in this context requires a shift toward ensuring integrity and trust.
- Venture Partners are expected to become the portfolio's Chief Integrity Officers in a trust-centric economy.
- Deep industry knowledge is essential to evaluate market trends and technological risks.
- Effective communication skills are needed to convey complex risks to investment committees.
- Success in this new era hinges on building generational companies based on verifiable trust.
- The most valuable Venture Partners will be those who can identify, nurture, and build such trustworthy companies.
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TechCrunch
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222
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Last call to volunteer at TechCrunch All Stage 2025
- Last call for exceptional volunteers to join TechCrunch All Stage 2025 in Boston on July 15.
- Volunteer spots are limited, and the application deadline is July 1.
- Volunteers will gain behind-the-scenes access, receive a complimentary ticket to All Stage 2025, and a pass to the Disrupt event in San Francisco.
- Opportunity for insight into startup events, workshops, and networking.
- Anticipated attendance of about 1,000 people, volunteers play a crucial role in creating a seamless experience.
- Volunteer tasks may include registration assistance, speaker coordination, guest guidance, ticket scanning, and event setup.
- Gain event management experience and access to enriching startup insights.
- Apply now to secure a volunteer spot at TechCrunch All Stage 2025.
- Companies interested in sponsoring or exhibiting can reach out to the sponsorship sales team.
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Inc42
4w
8
Image Credit: Inc42
ArisInfra Raises INR 225 Cr From Anchor Investors
- Mumbai-based B2B ecommerce company ArisInfra raised INR 224.8 Cr from anchor investors a day before its IPO opens.
- 1.01 Cr shares were allotted to 15 investors, including Astorne Capital VCC, Niveshaay Hedgehogs Fund, Nexus Global Opportunities Fund, at INR 222 per share.
- No domestic mutual fund applied for the anchor investor portion of the issue.
- ArisInfra filed its red herring prospectus (RHP) on June 12 to raise INR 499.6 Cr via its public issue.
- ArisInfra's IPO is set to open tomorrow and close on June 20 with reserved portions for QIBs, NII, and retail investors.
- Shares are expected to list on the BSE and the NSE on June 25 with a price band of INR 210 to INR 222 apiece.
- At the upper end, ArisInfra targets a post-issue market cap of INR 1,799 Cr.
- ArisInfra, founded in 2021, is a B2B construction material procurement platform for real estate and infrastructure developers.
- The company faces competition from other B2B construction marketplaces like Infra.Market, OfBusiness, Moglix, and Zetwerk.
- ArisInfra differentiates itself through a tech-first, asset-light model and a focus on digitizing procurement.
- The company turned profitable before the IPO, reporting a net profit of INR 6.5 Cr in the first nine months of FY25.
- Operating revenue stood at INR 546.5 Cr in the mentioned period.
- ArisInfra had been a loss-making entity since its inception until FY25, where it changed its trajectory.
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Medium
4w
287
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Why 90% of Developer SaaS Tools Fail in Year Two (Analysis of 50+ Failed Startups)
- A developer tools startup recently announced its closure despite positive feedback from users and significant funding.
- Many developer tools startups fail to sustain their businesses despite having products loved by engineers.
- An analysis of 50+ failed developer tool startups revealed that technical quality did not guarantee business success.
- The main reasons for failure were identified as business model and go-to-market challenges.
- These companies typically faced challenges around the 18–24 month mark, hindering their growth and sustainability.
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TechCrunch
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356
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Own, a new social media app, aims to tokenize the creator economy
- Own, a decentralized social media app, launched its beta to the public with features like swipeable feed for short videos, text posts, and images, as well as direct messaging.
- The app aims to disrupt the market with blockchain technology and a token economy allowing creators to earn revenue without minimum follower or post count requirements.
- Developed by Amir Kaltak, Katia Zaitsev, and Sarah Mick, Own uses the $OWN Token rewarded based on video engagement, operates on Base Layer 2 blockchain for secure transactions and content ownership.
- Creators earn tokens on Own regardless of their location, leveling the playing field for global creators.
- A portion of the platform's revenue is used to buy $OWN Tokens from exchanges for creators, promoting buy-side demand and sustainability.
- Own offers monetization features like tipping, sponsorships, and Own Shop, promising creators to earn up to 50% more than on other platforms.
- Monetization features, including tokens, will be available in the third quarter, while Own Shop is expected to roll out between October and December.
- Creators can license content for additional revenue, tracked on the blockchain for proven ownership and origin.
- Own implements a ranking system where viewers can upvote or downvote posts, allowing creators with more upvotes to climb the leaderboard and gain exposure.
- Own app is free on App Store and Google Play Store, with nearly 40,000 waitlisted users. The startup has raised over $5 million from various investors.
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Hitconsultant
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231
Image Credit: Hitconsultant
HOPPR Secures $31.5M to Scale its AI Medical Imaging Development Platform
- HOPPR secures $31.5M in Series A funding round led by Kivu and Greycroft to scale its AI medical imaging development platform, with participation from other investors.
- The funding will be used to accelerate platform development, scale operations, expand foundation model capabilities, and grow the team.
- HOPPR's platform enables fine-tuning and validation of models for medical AI imaging applications in a secure and compliant environment.
- It provides tools and data access for developing high-performing AI models with transparency and traceability.
- Unlike prebuilt AI application marketplaces, HOPPR allows users to fine-tune models using their own data or expertly curated datasets.
- The platform integrates trusted data provenance with secure development pipelines for concept-to-deployment streamlining.
- Dr. Khan Siddiqui, CEO and Co-founder of HOPPR, aims to democratize access to trustworthy imaging AI by providing developers necessary tools, data, and compliant environment.
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ISN
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298
Image Credit: ISN
Rooftop solar-focused NBFC firm Dugar Finance raises $3 million in debt
- Dugar Finance, an NBFC focused on sustainable lending, raised $3 million in debt funding from Symbiotics Investments' Green Basket Bond.
- The funds will help expand Dugar Finance's EV and rooftop solar financing portfolio in tier-II and tier-III cities in India.
- The Green Basket Bond aims to promote renewable energy adoption in Asia and Africa, subscribed to by British International Investment.
- The funding will target residential, MSME clients, and housing societies for clean energy access.
- Ramesh Dugar, Founder & MD of Dugar Finance, sees this funding as an endorsement of their efforts to drive clean energy access and uplift small businesses.
- Dugar Finance offers income-generating vehicle loans and credit solutions for traditionally excluded borrowers, along with EV and rooftop solar financing.
- The company claims to have helped over 1,200 customers transition to clean energy, avoiding 3,000 tonnes of carbon emissions and saving Rs 2.96 crore in annual electricity costs.
- With 30 branches across six states, Dugar Finance has served over 25,000 customers, focusing on credit-invisible or underserved borrower segments.
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Eu-Startups
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205
Portuguese startup Sword Health raises €34.6 million to address global mental health crisis
- Porto-based startup Sword Health raises €34.6 million funding round at a €3.4 billion valuation to accelerate M&A momentum, global expansion, and AI model development.
- The round was led by General Catalyst and included various other investors like Khosla Ventures, Comcast Ventures, Lince Capital, and Oxy Capital.
- Sword Health, founded in 2015, aims to shift healthcare to an AI-first model, focusing on physical, pelvic, movement health, and now mental health.
- The company has reached over 500,000 members across three continents with 6.5 million AI sessions, helping clients save €865 million in healthcare costs since 2020.
- Backed by 40 clinical studies and over 40 patents, Sword Health has raised more than €259 million from investors like Khosla Ventures and General Catalyst.
- Sword Health unveiled 'Mind,' a mental health solution combining AI and clinicians to offer continuous personalized care, transforming mental health care delivery.
- Mind aims to address mental health challenges with a proactive, 24/7 model integrating AI, wearable tech, and Ph.D.-level mental health specialists.
- Sword's Mind looks to enhance accessibility and quality of mental health care globally, targeting the 1 billion people living with mental health conditions.
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