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Startup News
VC Cafe
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Remagine Ventures Monthly Pulse
- Despite challenges in Israel, startups display resilience and continue to innovate and deliver products and fundraising.
- Remagine Ventures announces new investments and provides updates from their portfolio companies like Hour One, Minute Media, Vault AI, Munch, echo3D, Keewano, Storywise, and TruLux AI.
- Their blog covers topics such as building startups in the AI age, AI wrappers, marketing in stealth mode, and requests for startups in 2025.
- They also discuss gaming industry trends, Israel's position in AI, and the importance of staying focused despite funding.
- The newsletter highlights the #FIRGUN newsletter by Eze Vidra, Mary Meeker's report on AI, the Stealth 2025 report on startup founders, and the Global Tech Index 2025 placing Israel highly in the startup ecosystem.
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Inc42
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31
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TRAI Launches Digital Consent Management Platform To Curb Spam Calls
- TRAI has launched a pilot project for a digital consent management system to combat spam calls.
- The regulator aims to validate the operational, technical, and regulatory aspects for digital consent registration.
- TRAI collaborated with select banks and telecom operators for the pilot, focusing on the banking sector initially.
- The pilot will operate in a regulatory sandbox, facilitating future scaling of the digital consent platform.
- The initiative will enhance trust in legitimate commercial communications and safeguard consumer interests.
- TRAI highlighted the surge in spam calls and unsolicited communications, emphasizing the need for the digital consent platform.
- Businesses were found obtaining consumer consent through unverifiable means, raising concerns about consent validity.
- TRAI implemented measures to address spam, permitting subscribers to report unregistered telemarketers.
- The regulator launched a secure digital consent registry for acquiring consent and amended regulations to combat pesky calls.
- TRAI imposed fines on telcos for non-compliance with regulations and relaxed deadlines following operator concerns.
- Last year, TRAI and the telecom department blocked 1 Cr mobile connections related to financial frauds.
- The initiative aligns with TRAI's objective of promoting transparent practices in the communication ecosystem.
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Inc42
4w
76
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UPI Gets Faster As NPCI’s New Mandates Kick In
- NPCI's new mandates to speed up UPI payments began on June 16.
- Banks and PSPs must respond to UPI APIs within 10-15 seconds.
- Response time reduced for various UPI transactions like 'request pay' and 'transaction status' APIs.
- The changes aim to enhance customer experience and streamline UPI payments.
- Banks and PSPs must make necessary system adjustments to meet new response time requirements.
- NPCI emphasizes that technical decline thresholds should not be negatively affected by the changes.
- Recent guidelines include limiting balance inquiries to 50 times a day to improve UPI system efficiency.
- Report about potential MDR on digital payments above INR 3,000 was denied by finance ministry.
- UPI transactions grew to a record 18.68 billion in May, with transaction value also rising.
- NPCI's efforts aim to enhance UPI speed and efficiency amidst rising transaction volumes.
- The news indicates a positive trend in UPI adoption and transaction values.
- NPCI is focused on improving UPI service quality and system performance.
- The circular provides guidelines for banks and PSPs to adhere to the new response time limits.
- Changes are aimed at maximizing efficiency and user experience in UPI transactions.
- Efforts to streamline UPI operations come amid a surge in UPI transaction volumes and values.
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TechCrunch
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Deadline day: Startup Battlefield 200 applications close at midnight
- Startup Battlefield 200 applications are closing at midnight.
- The pitch competition offers startups a chance to showcase in front of 10,000+ industry leaders and win $100,000 in equity-free funding.
- 200 startups will be selected, with 20 pitching live on the main stage and one winner taking home the Disrupt Cup.
- Startup Battlefield benefits include exhibit space, tickets, press exposure, investor leads, and more.
- Trello, Mint, Dropbox, Getaround, Discord, and others started their journey at the event.
- Pre-Series A startups with MVPs and ambitious plans are encouraged to apply before the deadline.
- Less than 24 hours remain for applications. The deadline is 11:59 p.m. PT.
- Participants can save on the TechCrunch All Stage pass for an upcoming event in Boston.
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Medium
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196
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The Death of the Start-up Ecosystem?
- AI 2027 predicts a scenario where AI systems will advance to recursively improving themselves by 2027, leading to potential extinction for the current startup ecosystem.
- The traditional SaaS startup playbook may become obsolete if AI continues on its projected trajectory.
- The AI revolution is anticipated to erase the middle class of innovation, leading to a collapse of the Innovation Pyramid.
- Technology has been structured like a pyramid with big tech giants at the top, startups in the middle, and individual contributors at the bottom.
- AGI-fueled automation and acceleration are expected to flatten the Innovation Pyramid, rendering many layers irrelevant.
- In a future where intelligence is integrated into infrastructure, startups without massive distribution, proprietary data, or regulatory capture may struggle to compete.
- The speed and scrappiness that once defined startups may no longer be advantageous in a world dominated by AI.
- Feedback loops and user behavior data will be controlled by tech giants leveraging new AI capabilities, potentially impacting SaaS products.
- Venture capital dynamics are likely to change significantly as AGI diminishes the importance of time, capital, and talent traditionally required for value creation.
- VCs may shift towards funding foundations and platforms for AI agents, affecting startup funding opportunities.
- Winners in this changing landscape will likely be platforms with deep integrations, strong user bases, proprietary data, and tools that empower AI agents.
- Adapting to the AI-driven future requires a shift in mindset from building traditional startups, as AI represents a significant civilizational shift beyond mere technological advancements.
- The year 2027 is portrayed as a critical period where the traditional startup model may become extinct in the face of AI evolution.
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ISN
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1.1k
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Bengaluru-based F&B startup Nuvie raises $450,000 in a pre-Seed funding round
- Bengaluru-based F&B startup Nuvie raises $450,000 in a pre-Seed funding round.
- Investment led by startup accelerator PedalStart and prominent investors like Mukesh Bansal.
- Nuvie founded in May 2024 by Prashant Paliwal and Hem Narayan.
- Focus on health-conscious indulgent products like protein shakes and more.
- Aims to close 2025 with an annualized revenue run rate of Rs 10 crore.
- Products include lactose-free protein shakes, protein coffee, and more.
- Products available across 100 premium retail stores and 200 gyms nationwide.
- Utilizing quick-commerce channels like Blinkit, Instamart, and BigBasket for expansion.
- Pre-seed capital to be used for new product development and brand-building.
- Nuvie aims to deepen consumer engagement and market penetration with the funding.
- Founders express enthusiasm about raising pre-seed round to enhance healthy eating innovations.
- Capital to help Nuvie focus on product innovation and market presence for future growth.
- Nuvie achieving more than Rs 10 lakh monthly revenue since launch.
- Nuvie's portfolio set to expand with additional shake variants and protein cold coffee.
- Nuvie's mission is to strike a balance between health and indulgence for consumers.
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Medium
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174
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Real Time Safety Monitoring for Construction Sites
- Shuffle is developing spatial intelligence technology to monitor construction sites in real time to detect safety hazards before they escalate.
- Construction sites account for one in five workplace fatalities in the United States, with common causes including falls, being struck by objects, electrocutions, and equipment-related incidents.
- Automated vision-powered systems can help identify safety violations in real time, preventing incidents from occurring.
- Shuffle's platform can process thousands of safety checks per minute across entire job sites, detecting violations accurately.
- Validation results show high accuracy in detecting PPE compliance, proximity alerts, fall risks, and vehicle safety monitoring.
- The platform projects the potential to identify an average of 23 safety violations per day that traditional monitoring methods might miss.
- Real-time alerts and comprehensive safety analytics generated by the system help safety managers make informed decisions.
- Shuffle aims to enhance existing safety protocols by providing superhuman monitoring capabilities to safety managers.
- The platform supports OSHA compliance reporting and provides insights to improve safety programs.
- The edge/cloud architecture of the system enables rapid deployment without requiring on-site servers or complex IT infrastructure.
- Shuffle believes spatial intelligence is the future of construction safety, offering proactive and continually improving safety measures.
- The ultimate goal is to create construction environments where every worker returns home safely every day, reducing families' worries and minimizing safety incidents.
- Shuffle emphasizes building a safer job site environment with ground truth precision.
- The technology is designed to supplement and enhance existing safety efforts rather than replace them entirely.
- Shuffle's platform enables early intervention and preventative actions based on real-time safety data.
- The company's focus is on ensuring that safety incidents at construction sites become increasingly rare through proactive detection and prevention measures.
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Pymnts
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250
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LemFi Acquires Pillar to Support Credit Services for Immigrants
- LemFi has acquired Pillar to develop specialized credit services and cards for immigrants, starting with the U.K.
- The acquisition includes Pillar's credit scoring technology, FCA credit license, and track record of growth.
- Pillar co-founders Ashutosh Bhatt and Adam Lewis will join the LemFi team.
- LemFi plans to offer credit cards in the U.K. and expand LemFi Credit features publicly.
- The LemFi platform initially focused on payments and remittances and now offers multi-currency accounts.
- LemFi Credit attracted over 8,000 users in its first six weeks of private beta.
- The credit offering includes virtual cards usable with Apple Pay or Google Pay and physical Visa cards later.
- Pillar's technology will enhance credit cards with international credit histories and non-traditional data for credit evaluation.
- The cards will offer credit building, combining cross-border payment capabilities with credit services.
- Pillar co-founders seek to enhance immigrant access to bank accounts and credit cards by joining LemFi.
- LemFi and Visa Cross-Border Solutions expanded their partnership to extend services globally.
- In January, LemFi raised $53 million in Series B funding to support international payments innovation.
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Economic Times
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ShareChat CBO Gaurav Jain steps down amid leadership shakeup
- Gaurav Jain, the chief business officer at ShareChat, is set to leave the company amidst a series of high-profile exits.
- Jain, responsible for monetization efforts, joined ShareChat in 2022 and previously worked at Google, Meta, and Snapchat.
- His departure follows other exits, including Anurag Verma and Shashank Shekhar earlier this year.
- Manohar Singh Charan, ShareChat's co-founder and CFO, mentioned that the process of finding Jain's replacement is in its advanced stage.
- ShareChat has undergone layoffs and workforce reductions recently to cut costs, aiming to reduce its workforce to 500 by March 2025.
- The company had previously laid off employees following a debt financing round and was co-founded in 2015 by Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan.
- Singh and Ahsan later left ShareChat to start General Autonomy, an industrial robotics startup.
- In the fiscal year ending March 2024, Mohalla Tech, the parent company of ShareChat and Moj, reported an operating revenue of Rs 718 crore.
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Pymnts
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Cantaloupe Snatched up for $884 Million as Self-Serve Commerce Blooms
- Cantaloupe, a self-serve commerce company, is being acquired in an $884 million deal by 365 Retail Markets, known for unattended retail technologies.
- The acquisition aims to create a seamless unattended retail platform offering hardware, software, payment processing, and data analytics for global customers.
- The merger will enhance services for food service, convenience, retail, hospitality, and sports/entertainment providers across North America, Latin America, and Europe.
- Consumer demand for frictionless shopping experiences is driving the adoption of self-service commerce, with a focus on AI and IoT technologies.
- The industry is moving towards self-service solutions to address inventory losses, efficient checkout experiences, and consumer preferences for digital transactions.
- Cantaloupe CEO mentioned the importance of catering to younger consumers who prefer smartphone transactions and personalized shopping experiences.
- The evolution of unattended retail involves mobile technology, artificial intelligence, biometrics, and connected systems to deliver convenient and personalized shopping journeys.
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Eu-Startups
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Belgian HealthTech startup Koios Care raises €1 million to monitor and treat Parkinson’s Disease with real-world data
- Belgian HealthTech startup Koios Care has secured €1 million in funding to enhance its efforts in revolutionizing the monitoring and treatment of Parkinson's Disease using AI technology to collect data from smartphones and smartwatches.
- The funding round was led by Evercurious VC, along with Astylab Ventures, the imec.istart fund, and angel investors, aiming to expand the 'Parkiwatch' tool in European clinics, support regulatory clearance, and strengthen partnerships with pharmaceutical companies and research institutions.
- Koios Care, founded by Dr Konstantinos Kyritsis and Dr Dimitris Iakovakis, focuses on improving the Quality of Life for Parkinson's patients by bridging daily life experiences with clinical care using real-world data collected passively from devices.
- The startup is addressing the global rise of Parkinson's Disease by personalizing care, streamlining clinical workflows, and assisting in drug development through data-driven insights from smartphones and smartwatches.
- By enabling clinicians and researchers to access objective real-life evidence, Koios Care aims to make more personalized decisions and enhance treatment outcomes for patients with neurological disorders.
- The platform supports patients, healthcare professionals, and pharmaceutical companies by guiding treatment decisions, monitoring outcomes, and accelerating drug development through real-world data collection.
- The funding reflects the critical need for continuous, objective data in Parkinson's care to empower patients, provide insights to medical teams, and accelerate the development of effective therapies according to Dr Iakovakis, Co-founder and CTO of Koios Care.
- Koios Care has conducted trials with 130 patients across Europe, aligning with regulatory guidelines on digital health tools, and aims to improve therapeutic decision-making and trial success rates by reflecting real-world patient outcomes.
- The innovative approach of Koios Care in monitoring Quality of Life with everyday devices is praised by Evercurious VC, highlighting the potential to reshape neurodegenerative disorders' care with personalized, data-driven management at scale.
- The startup plans to expand its focus to other brain and behavior-related conditions such as Alzheimer's and narcolepsy, aiming to address areas where real-time, real-world data is crucial for care and research.
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Medium
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Why AI Shouldn’t Replace Your Customer Service Team
- AI is revolutionizing customer service, but it should not replace human support teams in small businesses.
- Integrating AI into customer service workflows can make processes easier and faster.
- AI, such as chatbots and help desks, can provide instant answers, reducing waiting times for customers.
- AI can quickly address inquiries falling under FAQs or help center topics based on keywords and behavior.
- One of AI's key advantages is speed in tagging and prioritizing customer issues for swift resolution.
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ISN
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Image Credit: ISN
JIIF invests Rs 26.5 crore in Atomic Capital's Rs 350 crrore consumer-focused VC fund
- Members of JITO Incubation and Innovation Foundation (JIIF) have invested Rs 26.5 crore in Atomic Capital's Rs 350 crore consumer-focused VC fund.
- Atomic Capital, founded in 2024 and based in Mumbai, is an “Operating VC” providing capital and hands-on support for brand-building and growth.
- JIIF's investment signifies optimism in the digitally savvy non-metro consumer market in India.
- The model of Atomic Capital aims to help consumer startups evolve into enduring brands.
- Chairman of JIIF, Jeenendra Bhandari, views the investment as aligned with supporting startups shaping Indian consumption.
- The consumer sector in India is rapidly transforming with Tier II and III cities driving growth for D2C brands.
- Atomic Capital's first fund comes at a time when there is growing interest in capital-efficient growth for Indian entrepreneurs.
- JIIF has been expanding its presence in India's startup ecosystem, deploying over Rs 60 crore in various sectors in FY 2024-25.
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TechCrunch
4w
22
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The investor experience at TechCrunch All Stage: One floor, infinite deal flow
- TechCrunch All Stage offers VCs a unique opportunity to meet tech startups directly with no intermediary filters.
- The event in Boston on July 15 provides a chance to engage with founders, learn about their products, and provide feedback.
- Investors can skip traditional methods like pitch decks and panels and engage in genuine conversations with startup founders.
- TechCrunch All Stage allows investors to contribute by offering advice, learning from pitch sessions, and mentoring rising founders.
- The event is not just about sourcing deals but also about building connections and strengthening one's presence in the startup ecosystem.
- Participants can grow their platforms by advising founders who might lead to future investment opportunities.
- TechCrunch All Stage includes side events across Boston for networking and deeper dives into specific sectors.
- Deals, networking, exploring new verticals, and staying informed about the tech landscape are key aspects of the event.
- The event aims to provide value for investors interested in early-stage innovation and underrepresented founders.
- Early-bird pricing for the event ends on June 22, offering a discount of up to $210 for those booking early.
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Medium
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415
Image Credit: Medium
The Crisis of Leadership in Gaming
- The article discusses the crisis of leadership in the gaming industry, highlighting how the pandemic created a false sense of permanency in gaming trends.
- It delves into the misconception of the 'metaverse' concept and the industry's miscalculations in adapting to post-pandemic realities.
- The emphasis is on how gaming executives failed to grasp the shift from 'attention abundance' to 'attention scarcity,' leading to mismatches between supply and demand.
- The article critiques the industry's focus on AAA productions and metaverse investments, neglecting the evolving preferences for shorter, more accessible gaming experiences.
- It underlines the need for real leadership in the gaming sector, addressing structural issues and aligning strategies with market demands.
- The piece warns of the consequences of prioritizing short-term gains over long-term value creation, emphasizing the importance of community, connection, and meaningful gaming experiences.
- It discusses how the gaming industry's current trajectory risks losing relevance and trust due to unsustainable customer acquisition costs, reliance on high-spending users, and a lack of indie innovation pathways.
- The article advocates for a shift towards local infrastructure ecosystems that prioritize real human connection, as opposed to excessive monetization and neglect of community-building.
- It draws parallels with the evolution of Hollywood and stresses the need for the gaming industry to rekindle its soul, focusing on community, creativity, and inclusive experiences.
- The conclusion calls for a recalibration in gaming leadership, urging stakeholders to prioritize player-centric values and reshape the industry's future with humility and vision.
- Overall, the article serves as a critical reflection on the state of the gaming industry, urging for a shift towards more holistic, community-driven approaches to secure its long-term sustainability.
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