A naukri.com initiative
Startup News
TechCrunch
2w
953
Image Credit: TechCrunch
ElevenLabs has hired the team behind Omnivore, a reader app
- ElevenLabs has hired the team behind Omnivore, an open source read-it-later app.
- Omnivore co-founders Harper and Wu join ElevenLabs to create accessible experiences for serious readers.
- Omnivore codebase to remain open-source for development community.
- ElevenLabs focuses on AI voice generation and synthetic voices for audiobook narrations.
Read Full Article
22 Likes
TechCrunch
2w
804
Image Credit: TechCrunch
Aesthetic launches the ‘Shazam for fashion’
- Aesthetic, a new fashion company, has launched its 'Shazam for clothes' AI-powered fashion concierge named Alma.
- Alma helps users identify and shop for clothing sourced from social media posts.
- Users can send a link to the Aesthetic account on TikTok or Instagram, and Alma responds with a link to view the content on the Aesthetic website for shopping or adding to a collection.
- Aesthetic plans to collaborate with brands and record labels to enable artists to create their own Aesthetic pages for fans to shop their trends.
Read Full Article
3 Likes
Yourstory
2w
251
Image Credit: Yourstory
Google parent Alphabet sees strong Q3 earnings driven by search, cloud
- Google parent Alphabet reported strong Q3 2024 results with a surge in revenue and profit.
- Search was the largest contributor to revenue growth, followed by robust performance in cloud.
- Google's cloud business witnessed a 35% jump in revenue, driven by strong adoption of artificial intelligence.
- Alphabet's ad revenue from Google Search and YouTube ads increased by 10.4% in Q3 compared to last year.
Read Full Article
15 Likes
TechCrunch
2w
634
Image Credit: TechCrunch
GMI Cloud secures $82M in Series A for its GPU cloud infrastructure
- GMI Cloud, a startup providing GPU cloud infrastructure, has raised $82 million in Series A funding.
- The round was led by Headline Asia and included participation from strategic investors such as Banpu and Wistron.
- The funds will be used to establish a new data center in Colorado, expand capacity in North America, and increase the workforce.
- GMI Cloud distinguishes itself from competitors by offering customized private cloud services, built-in support for Nvidia NIM, and professional AI consulting services.
Read Full Article
4 Likes
ISN
2w
649
Image Credit: ISN
'10M Indians contribute 75% of GMV across ecom, food delivery, quick commerce': Shah, Sachin Bansal reacts...
- Fintech unicorn CRED CEO Kunal Shah claims that 10 million Indian customers contribute to nearly 75% of GMV in eCommerce, food delivery, and quick commerce.
- Flipkart co-founder Sachin Bansal disagrees with Shah's claim, stating that the depth of the Indian market has improved, and the number is likely higher.
- A user suggests validating the data through loan and credit card expense data or examining the premium customer base of leading banks.
- Comments from users express different views and reactions to Shah's claim, discussing the concentration of influence, the potential for future growth, and the need for deeper insights.
Read Full Article
4 Likes
Startup Pedia
2w
643
Image Credit: Startup Pedia
2 Lakh+ Kirana Stores Shut Down with Quick Commerce Surge in India
- Over 2 lakh kirana stores in India have shut down due to the rise of quick commerce platforms.
- Government acknowledges the challenges faced by local traders and pledges to safeguard their interests.
- FMCG giants observe a slowdown in general trade compared to online channels.
- Quick commerce platforms are being scrutinized for predatory pricing tactics, while traditional retailers need to innovate to compete.
Read Full Article
6 Likes
Inc42
2w
104
Image Credit: Inc42
How AI Is Powering The Next Wave Of Legal Innovation In India
- The legal industry in India has traditionally been slow to adopt technology, but the Covid-19 pandemic has forced it to embrace online solutions and is driving digital transformation.
- Generative AI is automating tasks such as contract drafting, legal briefs, opinions and filings.
- Corporate law firms are adopting AI tools to quickly and accurately process vast amounts of data, allowing them to store, organise and access files with more ease.
- Legaltech start-ups are partnering with large law firms to bring innovative online tools and solutions to the table. Meanwhile, some have pioneered solutions for citizens who need legal information and guidance.
- Although bootstrapping is the norm for legaltech start-ups in India, some are starting to attract investors. However, funds remain limited, with the potential for investment in the space expected to be, at most, $3m.
- Data protection laws may hinder AI adoption in the legal sector, as lawyers must handle sensitive client information.
- The US is currently leading in trusted products among corporate firms, which suggests Indian legaltech founders will need to develop more proprietary models and innovative solutions.
- The Indian legaltech industry could find significant opportunities in achieving greater control and automation or developing technology that can assist the courts and the entire legal system.
- However, overcoming challenges will be crucial for the sector to tap into the global market, which is projected to grow at a 10.2% CAGR to reach $47.8bn from $26.7bn in 2024.
Read Full Article
6 Likes
Yourstory
2w
325
Image Credit: Yourstory
How business cycle funds are shaking up the game in sectoral investing
- Business cycle funds are a new breed of investment vehicles that allocate capital based on a sector's current position within the economic cycle.
- These funds aim to enhance returns by capitalizing on sector-specific growth opportunities and adjusting portfolios according to evolving economic trends.
- Business cycle investing offers advantages such as early allocation to growing sectors and agile investment across market caps.
- By understanding sector-specific cycles and making agile investment decisions, business cycle funds can help investors navigate market volatility and unlock alpha opportunities.
Read Full Article
19 Likes
Startupnation
2w
130
Image Credit: Startupnation
Why Betting On Your Smartness Can Be the Reason You Fail
- The right mindset is more important than skill when it comes to long-term success.
- Four distinct mindset shifts paramount for success are the joy of missing out or JOMO, speed, abundance, and growth.
- Designing a strategy using a growth mindset is superior to that of a fixed mindset.
- Confident humility is 'having faith in our capability while appreciating that we may not have the right solution or even be addressing the right problem.
- Adopting these mindsets throughout a business requires consciousness and commitment.
- Dysfunctional teams usually consist of unconscious leaders, at least partly.
- Before engaging a team in a strategy process, assess how functioning the team is and how conscious everyone is.
- Fostering collaboration and commitment to building towards success.
- JOMO helps us say no to a lot of things and create our own paths and success stories.
- An abundance mindset keeps us open-minded, so we don’t say no prematurely.
Read Full Article
7 Likes
Medium
2w
390
Image Credit: Medium
Content Strategy in Immersive Technology — My Startup Journey
- NYU graduate started a startup that can convert any visual content into 3D format live and at a lower cost.
- Prototypes were developed such as a screensaver and phone cases to experience 3D without wearing glasses.
- The team conducted market research to identify a target audience and partnered with content creators to sidestep copyright issues.
- They had initially thought streaming services would be ideal for their product, but discovered people are passively watching and crave more interaction.
- They also explored a K-pop campaign for their 3D solution.
- The startup is a minimum effort to experience a material-free freedom.
- The solution helps bridge access to an abstracted virtual world that exists in the material world.
- The Digitally of 3D is a way to relive experiences instead of just presenting what happened before.
- The core problem is reconnecting with the original vision of the founder, which stems from a desire to connect in a world of isolation.
- The true value lies in the ability to experience material-free freedom and bridging the gap between the virtual and physical world.
Read Full Article
23 Likes
Yourstory
2w
416
Image Credit: Yourstory
The earnings season is here!; Amwoodo pioneering bamboo practices
- India's Razorpay net profit jumped nearly 5X YoY to INR 34 crores in FY24.
- Amazon Pay India's revenue grew to INR 2,287 crores in FY24, up over 9% YoY.
- KreditBee reported a 17% YoY decline in revenue in FY24, but managed profits growth by 26.5%.
- Lendingkart's profit plunged 97% YoY to INR 3.25 crores despite a rise in revenue in FY24.
- Skyroot Aerospace reported revenues of INR 29 crores in FY24, with losses widening by 15% YoY to INR 55.5 crore.
- Hyderabad-based Skyroot Aerospace is still in pre-revenue stage as its heavy investments in technology and infrastructure continue.
- Amwoodo, a Kolkata-based startup founded in 2018, offers eco-friendly products from personal care to construction materials made of bamboo.
- AnitaB.org, a global not-for-profit dedicated to advancing women and non-binary community in tech industry, has over 100K members in India.
- Apple exports nearly $6 billion of India-made iPhones an increase of one-third in value terms in six months.
- Japan's Mount Fuji remains snowless this year – the latest date since records began 130 years ago, raising the alarm about climate crisis.
Read Full Article
25 Likes
TechCrunch
2w
403
Image Credit: TechCrunch
Here are the 5 Startup Battlefield finalists at TechCrunch Disrupt 2024
- Gecko Materials has developed a super-strong dry adhesive inspired by geckos' feet.
- Luna is a health and well-being app for teen girls that provides expert advice and tracking features.
- MabLab has created testing strips to detect harmful additives in drugs to reduce the risk of overdose.
- Salva aims to improve early detection of breast cancer in Latin America with a portable device.
- Stitch3D uses lidar scans to assess damage and investigate incidents like the USS Bonhomme Richard fire.
Read Full Article
24 Likes
Medium
2w
299
“Elevating Indian Cuisine: A New Fine Dining Experience Awaits"
- A new fine dining experience for Indian cuisine is being envisioned.
- The aim is to showcase the diversity and elegance of Indian food through an immersive dining experience.
- Combining traditional culinary techniques with modern presentation is a key approach.
- Emphasis will be placed on hospitality, treating guests with warmth and guiding them through the cultural significance of each dish.
Read Full Article
18 Likes
StartupDaily
2w
264
Australia’s digital ID plan doesn’t meet global privacy standards- here’s what the government need to do to fix that
- Australia's new digital ID system, Trust Exchange (TEx), is designed to securely verify people's identities using digital tokens and simplify how we prove who we are online. However, compared to international standards like those in the European Union, it has several privacy issues. As a centralised system, everything will be monitored, managed and stored by a single government agency, making it more vulnerable to breaches. The system does not align with the World Wide Web Consortium's verifiable credentials standards. Moreover, the token-based system behind Australia's digital ID system creates the risk that different service providers could track users across services.
- To make the system more decentralised, giving users control over their digital identities and reduce the risk of centralised data breaches, the federal government should address the gaps in the current framework. For instance, the digital ID system should automate the selection of an optimal, varied set of credentials for each verification to reduce the risk of user profiling. Moreover, the system should have stringent rules to get explicit consent for collecting and processing biometric data.
- The EU's digital identity system regulation builds on global standards around digital identity management that ensure people only share the minimum required information and retain control over their digital identities. In contrast, Australia's system has several privacy issues and does not meet international standards. These standards are crucial in ensuring its digital ID system is successful.
Read Full Article
15 Likes
Yourstory
2w
121
Image Credit: Yourstory
Crafting a sustainable legacy: How Amwoodo is revitalising bamboo practices in India
- India-based startup Amwoodo offers eco-friendly products ranging from personal care items to construction materials crafted from bamboo, sourced from northeastern states. The platform has allowed rural farmers, artisans, and factories work directly with local industries and contribute to community development. The company has now projected to reach a revenue of Rs 65 crore this year and over Rs 120 crore by March 2026. It is also developing its own personal care line of products to expand further.
- With its focus on boosting sustainable alternatives and empowering local communities, Amwoodo serves over 1 million people, including 47,000 B2B clients and nearly 15 million B2C customers. The platform has expanded partnerships across local and state governments. Amwoodo has collaborated with multiple airlines and serves countries across the globe including the United Kingdom, Thailand, Malaysia, and Vietnam, contributed mostly through B2B sales.
- Amwoodo started in 2018 by sourcing material from local northeastern states to start its eco-friendly line of products including personal care items and construction materials, encouraging the industry to scale and providing infrastructure, training, and education for farmers and artisans in the process. Even manufacturing supplies to various airlines, with its efforts valued at $314.67 million in India's bamboo market, projected to experience significant growth of a CAGR of 5.82% through 2029. The startup received $1 million in funding from Zerodha-backed Rainmatter this year and is looking to raise $8-10 million in its next funding round.
- Its core focus on community empowerment sets it apart from other brands, emphasising end-to-end integration.
Read Full Article
7 Likes
For uninterrupted reading, download the app