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Startup News
Startupnation
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Empowering Women Entrepreneurs: Top Side Hustles to Boost Income
- Prices are rising everywhere, so many people are relying on side hustles to get bills sorted and taxes paid. Some top-paying side hustles for female entrepreneurs are mentioned such as virtual assistant, writing for publications, taking care of pets, and selling home-cooked goods.
- A virtual assistant in the United States can earn approximately $25/hour according to Indeed. Publications like Cosmopolitan may pay 90 cents per word, whereas Women’s Travel Writing would pay between 13 to 35 cents per word.
- Female entrepreneurs should choose a side hustle that allows them to use their talent, skills, and passions, and teaching others is a great way of earning money. Expected pay will be directly tied to their talent, skillset, and network.
- Affiliate marketing is a legitimate side hustle because 80% of brands rely on it. A commission between 1-20% of the total sale value is for affiliates.
- RetailDive states that personal shopping could be an option to make approximately $15.5/hour. This job would allow female entrepreneurs to help others feel more confident about their clothing choices.
- Home-cooked food business is one of the best side hustles for female entrepreneurs. They could niche their service and offer vegan food, gluten-free foods, etc. With a full-time commitment, expected yearly earning would be between $36-47k.
- For more information about side hustles, StartupNation Blog is a helpful resource. With these side hustles, female entrepreneurs can earn independently, utilise their skills without any restriction, and work on small ventures to turn them into a successful business.
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Medium
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Best Practices for Hiring Top Talent: A Comprehensive Guide
- Hiring the best talent requires a strategic approach and alignment with company objectives.
- Clarity in job positions and responsibilities is crucial for attracting elite talent.
- Building a strong employer brand helps in standing out and appealing to top professionals.
- Data-driven practices and analytics improve the hiring process and decision-making.
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Medium
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Value Beyond Capital: Introducing the “Knowledge Investor”
- Knowledge Investors are individuals who contribute knowledge and expertise to startups in addition to capital.
- They might receive equity stakes in the startups but their motivation goes beyond financial rewards.
- Startups that leverage knowledge alongside capital have a higher chance of success.
- There is a need for more intentional ways to involve Knowledge Investors and create inclusive pathways for mentorship, experience, and networks.
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Dev
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What is Agile methodology? (A beginner’s guide)
- Agile methodology has revolutionized project management, particularly in software development.
- The Agile Manifesto outlines four core values: individuals and interactions over processes and tools, working software over comprehensive documentation, customer collaboration over contract negotiation, and responding to change over following a plan.
- Agile methodologies offer benefits such as increased flexibility, improved product quality, enhanced customer satisfaction, better team morale, and reduced risks.
- However, implementing Agile requires a cultural shift, can be challenging in large organizations, and necessitates strong leadership to maintain focus and direction.
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Medium
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The Side Hustle Blueprint: From $0 to $1,000 Per Month
- The best side hustles tap into something you already know or enjoy.
- Exercise: Write down five things you’re skilled at and five things you enjoy.
- Test the Waters Without Overcommitting
- Start small by testing the waters. You don’t have to quit your day job or invest a lot of money upfront.
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Medium
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The Power of Startup Crowdfunding Platforms: Why They’re Game-Changing
- Broader Access to Funding: Crowdfunding platforms give startups access to a vast network of potential investors, democratizing the funding process.
- Early Market Validation and Useful Feedback: Crowdfunding helps startups test their product's market viability and gain valuable feedback from backers.
- Boosted Visibility and Brand Awareness: Crowdfunding campaigns provide startups with a major marketing opportunity to showcase their brand to a large audience.
- Flexible Investment Choices for Backers: Crowdfunding offers various investment options, allowing backers to invest based on their preferences and goals.
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Inc42
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Image Credit: Inc42
Apple To Start Manufacturing iPhone In India Soon: Report
- Apple is planning to start manufacturing iPhone 17 in India soon.
- The company is working with an Indian factory for the initial manufacturing work.
- Indian unit will convert the iPhone 17 prototype into a mass-produced model.
- Production of the standard iPhone 17 in India expected to begin in the latter half of 2025.
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Yourstory
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Image Credit: Yourstory
It’s important to infuse academic education with entrepreneurial spirit: Rector of Dresden University of Technology
- Technische Universität Dresden (TU Dresden) has outlined its plans to collaborate with the Indian Institute of Technology Madras (IIT Madras) to enrich entrepreneurial ideas and academic education around sustainability science, diabetes, and microelectronics and advanced material science in conjunction with AI applications.
- TU Dresden is keen to join forces with the Indian Institute and venture capital funds in the Indian state of Tamil Nadu and the German state of Saxony to promote the growth of entrepreneurship on a global platform.
- Professor Ursula Staudinger, Rector of TU Dresden, underlined the need for collaboration as a way to complement each other rather than reinvent the wheel.
- TU Dresden will work alongside IIT Madras and IIT Madras Research Park through curated workshops and pitches to provide aspiring entrepreneurs with the necessary skills to succeed.
- The Saxon Science Liaison Office India will provide support for student selection for study programmes in STEM subjects at Saxon universities.
- TUD is keen to intensify its cooperation with IIT Madras across the areas of sustainability science, health and microelectronics, as part of the collaboration.
- The Science Liaison Office will encourage cooperation between scientists and entrepreneurs in India and Saxony, by facilitating collaborations between universities and research institutions in both locations.
- TU Dresden and IIT Madras will explore the development of joint PhD and graduate programmes around the fields of diabetes and health as part of the new collaborative agreement between the universities.
- TU Dresden and IIT Madras will collaborate around Sustainability Science, diabetes, and microelectronics and material science, and facilitate exchange programmes to promote entrepreneurship.
- The startup ecosystem needs a more structured approach to entrepreneurship focused on scaffolding emerging talent, according to Professor Ursula Staudinger, Rector of TU Dresden.
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TechCrunch
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Ashton Kutcher explains why he’s betting on AI, but not trying to pick a ‘winner’
- Ashton Kutcher, co-founder of Sound Ventures, believes that every company is going to become an AI company, but that there might not be a winner in the space.
- Kutcher emphasizes the importance of foundational AI companies, stating that they will be some of the most valuable companies ever created.
- He predicts that every company will use AI in the future, whether through open source AI or closed systems like Anthropic or OpenAI.
- Kutcher advises founders to focus on the people, competencies, and market thesis of their startups rather than spending too much time on their pitch deck.
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Medium
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39
Image Credit: Medium
The Impact of Gold Expenses
- Gold prices experienced volatility, reaching a peak of $2,100 per ounce in mid-2023 before stabilizing at $1,900.
- Gold prices have shown a consistent upward trend over the years, with prices rising from around $280 per ounce in 2000 to around $1,800 per ounce in 2012.
- The COVID-19 pandemic further increased gold prices as investors sought safe-haven assets amidst market uncertainty.
- The demand for gold is influenced by various factors, with jewelry accounting for around half of total consumption.
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Yourstory
2w
273
Image Credit: Yourstory
Vietnamese D2C brand Coolmate bags $6M in Series B funding led by Vertex Ventures
- Vietnamese D2C brand Coolmate has secured $6 million in Series B funding led by Vertex Ventures.
- The funding will accelerate Coolmate's international expansion, product innovation, and omnichannel retail presence across Southeast Asia.
- Coolmate, founded in 2019, has been successful in ecommerce sales across major online marketplaces.
- The brand focuses on providing durable, stylish, and comfortable clothing for modern consumers while reducing the environmental footprint.
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Yourstory
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169
Image Credit: Yourstory
Battery Smart reports 195% rise in FY24 revenue from operations
- Battery Smart reports a 195% rise in revenue from operations to Rs 164.6 crore for FY24.
- Increasing demand for battery swapping services contributes to revenue growth.
- Battery Smart announces partnership with Zepto to deploy 1,000 electric vehicles.
- Total expenses and losses also increase due to rising costs and expenses.
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Medium
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394
Image Credit: Medium
Investor Magnet: How to Position Your Business for Private Funding Success
- Determining the type of funding you need is crucial in approaching private lenders.
- Maintaining a good creditworthiness of your business is essential to impress lenders.
- Having collateral to offer can increase your chances of securing funds.
- Comparing offers from different lenders and understanding the agreement terms is important.
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VIE Stories
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Image Credit: VIE Stories
NBFC Finova Capital Secures $135 Mn in Series E Funding
- NBFC Finova Capital has secured $135 Mn in Series E funding from Avataar Venture Partners, Sofina, Madison India Capital, and Norwest Venture Partners.
- The funding will be used to increase Finova Capital's loan portfolio, make technological investments, and expand its reach.
- Finova Capital claims to have Rs 3,000 Cr in assets under management with a 5-year CAGR of above 60%.
- Founded in 2015, Finova Capital aims at transforming credit delivery to unorganized, unreached, and unserved segments.
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Yourstory
2w
316
Image Credit: Yourstory
Swiggy IPO: Accel, Elevation Capital see over 3300% gain, Prosus likely to get Rs 4,254 Cr
- Swiggy's IPO is priced in the range of Rs 371-390.
- Early investors like Accel and Elevation Capital to see over 3300% gain on their investments.
- Prosus, the largest shareholder, likely to earn Rs 4,254 Cr in the IPO.
- 175.1 million shares to be tendered in the offer for sale (OFS); company aims to raise Rs 4,499 Cr through fresh issue of shares.
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