A naukri.com initiative
Startup News
Yourstory
2w
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.
Read Full Article
10 Likes
Medium
2w
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.
Read Full Article
23 Likes
VIE Stories
2w
82
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.
Read Full Article
4 Likes
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.
Read Full Article
19 Likes
Siliconangle
2w
1.1k
Image Credit: Siliconangle
GPU cloud operator GMI Cloud secures $82M investment
- Cloud infrastructure startup GMI Cloud has secured $82 million in early-stage funding led by Headline Asia.
- The funding round included participation from Banpu Next and Wistron Corp.
- GMI Cloud operates an infrastructure-as-a-service platform focused on AI workloads, offering access to Nvidia's H100 and H200 GPUs.
- The funding will be used to build a new cloud facility in Colorado and hire additional employees.
Read Full Article
22 Likes
VIE Stories
2w
56
Image Credit: VIE Stories
Tech Business Startup Ideas
- To start a tech startup, the first step is to come up with a good idea for which the might help start with the latest technology invitations.
- In 2020 and 2021, many businesses suffered due to the pandemic, but it also led to the rise of new business opportunities like selling face masks and sanitizers.
- In the coming years, the internet will play a crucial role, with most businesses moving online.
- Some promising tech startup ideas include AI, telehealth, EdTech, eCommerce, VR/AR, biotech, remote working, live chat services, website development, custom drone building, 3D printing, business incubator, social media consultancy, fintech, data mining, UX services, freelancing, SEO agency, and software development service.
- Starting an AI-based product involves a four-step process: problem-solution fit test, data gathering, building the AI product, and continuous improvement.
- Telehealth offers two solutions: synchronous solutions and asynchronous solutions for patient healthcare.
- Steps to building your own EdTech business include narrowing down your market, validating your concept, creating a unique value proposition, choosing a suitable business model, building the right team, developing a minimum viable product or proof of concept, raising funds, and focusing on growth.
- Building a successful eCommerce business depends on identifying your niche, requesting an EIN, obtaining necessary permits and licenses, selecting a platform, building your eCommerce website, developing or sourcing products, listing them, and promoting your online store.
- Robot delivery startups are growing in popularity, with companies like Amazon working on perfecting their drone delivery system.
- User Experience (UX) services focus on creating a seamless and consistent interaction between users and products, which is crucial for any digital platform.
Read Full Article
3 Likes
Inc42
2w
625
Image Credit: Inc42
Ola Electric Shares Dip Below Listing Price To An All Time Low Of INR 74.82
- Ola Electric shares hit an all-time low of INR 74.82 during intraday trading.
- Market capitalisation of the company decreased to $4.00 Bn from $4.05 Bn.
- Complaints about the company's e-scooters and improper servicing contributed to the share price decline.
- The Central Consumer Protection Authority (CCPA) issued a show cause notice to Ola Electric over alleged violation of consumer rights.
Read Full Article
4 Likes
Yourstory
2w
899
Image Credit: Yourstory
Temasek-backed spacetech Skyroot sees 2X revenue growth in FY24 amid widening losses
- Temasek-backed spacetech firm Skyroot Aerospace reported a two-fold increase in revenue in FY24.
- The company earned Rs 29 crore in revenue, primarily from interest income.
- However, the company's losses widened due to higher expenses, reaching Rs 55.5 crore in FY24.
- Skyroot Aerospace is focused on the development of its launch services, including the Vikram-1 orbital launch vehicle.
Read Full Article
22 Likes
ISN
2w
548
Image Credit: ISN
Auquan raises $4.5 million to automate deep work in financial services with AI
- AI-driven innovator Auquan has raised $4.5 million in a seed funding round, bringing its total funding to $8 million.
- The startup aims to automate deep, knowledge-intensive financial workflows using AI.
- Auquan's SaaS-based AI solution is used by financial institutions to automate workflows and make better-informed decisions.
- The funding will be used to expand the engineering team and further develop Auquan's AI agent architecture.
Read Full Article
Like
Inc42
2w
834
Image Credit: Inc42
Razorpay Logs 4.85X Increase In PAT, Revenue Up By 9%
- Bengaluru-based fintech unicorn Razorpay reported a 9% year-on-year growth in operating revenue for the financial year ending March 2024.
- The company's profit before tax (PAT) grew by 4.85X, reaching INR 34 Cr in FY24.
- Razorpay's payment gateway services business saw a 24% increase in revenue, reaching INR 2,068 Cr in FY24.
- The fintech startup introduced 40 new products and achieved an annualized total payment volume (TPV) of $180 Bn in FY24.
Read Full Article
17 Likes
Economic Times
2w
627
Image Credit: Economic Times
Quick commerce firms vie to cash in on Dhanteras
- Zomato-owned Blinkit, Swiggy Instamart, and Zepto are witnessing a surge in sales of gold and silver coins and other items associated with Dhanteras celebrations.
- Dhanteras, celebrated on October 29, is considered auspicious for buying gold, silver, or brass items.
- Blinkit reported an incredible demand for gold and silver coins in Delhi-NCR, while Zepto witnessed a 6x growth in gold coin sales compared to last year.
- Quick-commerce platforms have expanded their inventory with festival-related products and are experiencing an increase in Diwali gift orders.
Read Full Article
4 Likes
VIE Stories
2w
177
Image Credit: VIE Stories
Shark Tank USA: Season 16 Episode 1
- Shark Tank USA is back with a brand new season, with a panel of judges evaluating startup business ideas and providing valuable mentorship.
- Season 16 features Mark Cuban, Daymond John, Lori Greiner, Kevin O'Leary as regular judges and Rashaun Williams as a guest judge.
- Little Saints, founded by former attorney Megan Klein from Miami, pitches non-alcoholic drinks made from functional mushrooms to the judges.
- TRUFIT Customs, a manufacturer of customized mouthguards using advanced 3D scanning and printing technology, raises $750k for 3% equity with the help of guest judge Rashaun William.
- 1587 Sneakers, founded by Boston-based Sam Hyun and Adam King, targets the Asian-American community with its basketball and tennis sneakers crafted using natural leather and rubber.
- Cardio.io, an app gamifying outdoor walking and running that seeks to create a giant team game, receives mentorship and $150k for 15% stakes from Rashaun William and Daymond John.
- Mark Cuban and Daymond John withdraw from the pitches in episode 1.
- Sharks encounter difficulty making decisions and finding fair equity agreements for startups with high valuations and low revenue.
- Shark Tank USA can be watched on ABC, Hulu, Prime Video, Apple TV, and JioCinema Premium.
- Mark Cuban is the richest Shark in Shark Tank USA with a net worth of $6.2 Billion.
Read Full Article
10 Likes
Yourstory
2w
717
Image Credit: Yourstory
Agritech startup Ninjacart's revenue surges 74% to Rs 2,002 Cr in FY24
- Agritech startup Ninjacart reported a 74% YoY increase in revenue to Rs 2,002.7 crore.
- The company reduced annual losses by 20% to Rs 259.6 crore.
- The reduction in losses was attributed to cutting operational costs and scaling volumes.
- The launch of premium fruits and vegetables supported higher gross margins.
Read Full Article
7 Likes
ISN
2w
724
Image Credit: ISN
EV ride-hailing startup BluSmart appoints Rupa Devi Singh as independent director
- BluSmart, a leading all-electric ride-hailing and charging infrastructure network, has appointed Rupa Devi Singh as an Independent Director on its board.
- Rupa Devi Singh brings extensive experience in banking, infrastructure advisory, and finance, aligning with BluSmart's mission of advancing sustainable urban mobility.
- BluSmart's Co-Founder and Chairperson, Anmol Singh Jaggi, emphasizes the significance of Ms. Singh's appointment in accelerating the company's mission.
- BluSmart operates a fleet of approximately 8,000 electric vehicles and manages over 5,000 EV chargers across 50 hubs, expanding internationally and focusing on technological innovation in sustainable mobility.
Read Full Article
7 Likes
Inc42
2w
757
Image Credit: Inc42
Marico’s D2C Portfolio Clocks INR 525 Cr ARR In Q2 FY25
- Marico's D2C personal care brands achieved an annualized revenue run rate (ARR) of INR 525 Cr in Q2 FY25.
- The company expects its digital-first portfolio to reach an ARR of nearly INR 600 Cr by the end of the fiscal year.
- Beardo, a men's grooming brand, exceeded expectations and is projected to achieve double-digit EBITDA margin in FY25.
- Marico's D2C portfolio companies are on track to double their ARR by FY27.
Read Full Article
13 Likes
For uninterrupted reading, download the app