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Startup News
Inc42
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Ahead Of IPO, Captain Fresh Converts Into A Public Entity
- Meat and seafood startup Captain Fresh has converted into a public company in preparation for its IPO.
- The conversion into a public limited company was approved in a meeting held on June 14, 2025.
- The company is expected to raise between $350 Mn and $400 Mn through its public issue, with a valuation of over $1 Bn.
- Captain Fresh, founded in 2020, operates as a B2B marketplace supplying meat and seafood to sellers internationally.
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The Robot Report
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Indian drone developer Raphe mPhibr raises $100M
- Indian drone developer Raphe mPhibr, known for its light carbon-fiber composite drones, raised $100 million in Series B funding.
- The funding will be used for research, development, and local production capabilities as drone usage increases for military and surveillance purposes.
- Raphe mPhibr produces its own components like batteries, flight controllers, and materials domestically, with plans to manufacture radars and cameras in-house.
- The company currently has over 600 employees and has sold more than 1,870 drones, primarily to Indian government agencies like the Army, Navy, and Air Force.
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Pymnts
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CoreWeave Pays $9 Billion for Bitcoin Miner Core Scientific
- CoreWeave, an AI company, is acquiring data center infrastructure provider Core Scientific in a $9 billion deal.
- The acquisition allows CoreWeave to enhance efficiency, reduce costs, and have more control over infrastructure for AI and HPC workloads at scale.
- Core Scientific provides infrastructure for bitcoin mining and hosting services and the deal comes amidst a trend of high-value AI startup mergers and acquisitions.
- The value of M&A deals involving AI startups has significantly increased, with companies spending billions on AI-related acquisitions in 2022, showcasing a growing trend of consolidation in the industry.
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ISN
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787
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Tech-enabled NBFC firm InPrime Finserv raises Rs 50 crore funding
- InPrime Finserv, an NBFC firm focused on serving India’s emerging middle class, has raised Rs 50 crore in a Series A1 funding round led by Pravega Ventures.
- The Bengaluru-based firm plans to use the fresh capital to expand into underserved markets beyond metro centers, catering to creditworthy households overlooked by traditional lenders.
- InPrime Finserv targets 'Informal Prime Households,' including micro and nano entrepreneurs, self-employed professionals, small retailers, and individuals in farming and allied sectors, having disbursed nearly Rs 100 crore in loans since inception.
- The firm intends to expand to 50 locations in the next year, enhance its product suite, and explore co-lending partnerships to diversify capital sources, aiming to reimagine the credit experience for India’s emerging middle class.
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Medium
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352
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Joyce Shen’s picks: musings and readings in AI/ML, July 7, 2025
- Google makes a significant investment in fusion technology with a 200 MW deal.
- A study uncovers AI patterns in millions of scientific papers, indicating AI's influence on research.
- Several AI startups secure substantial financing, including RevEng.ai, Audos, LogicFlo, North.Cloud, CRED, Enquire AI, Argon AI, Civ Robotics, Genesis AI, and Wonderful.
- EU reaffirms commitment to implementing AI legislation according to schedule.
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ISN
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321
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Dhruva Space to integrate solar panels on Pixxel's upcoming satellite fleet
- Dhruva Space partners with Pixxel to integrate high-performance Space-grade solar panels into Pixxel's next satellite fleet, enhancing power generation in orbit.
- Dhruva Space's Solis+ panels are engineered with high-efficiency triple-junction GaAs solar cells to operate reliably in Space's extreme conditions, offering power capacities ideal for larger satellites.
- The collaboration signals India's NewSpace capabilities maturing, with Dhruva Space's focus on mission readiness and engineering excellence contributing to strengthening India's space hardware ecosystem.
- Pixxel's upcoming constellation aims to redefine Earth observation with high-resolution hyperspectral imagery, benefiting industries such as agriculture, oil, and gas, leveraging Pixxel's spacecraft technology advancements.
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Getfullyfunded
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3 Ways to Empower Supporters to Fundraise for Your Cause
- Supporters can do more for your cause by becoming fundraisers themselves.
- 1. Host a Peer-to-Peer Fundraising Challenge with fun, urgency, and motivation.
- 2. Enable DIY campaigns for creative supporters to fundraise independently at any time.
- 3. Let supporters fundraise as a team to work collectively towards goals.
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VC Cafe
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AI Adoption is starting with consumers first
- AI adoption is transforming everyday lives through consumer-oriented applications and tools.
- Consumer AI startups are gaining traction with AI-native products and personalization.
- The future involves GUI interfaces, evolving beyond chat; startups see opportunities across many categories.
- Consumer habits are forming around AI, leading to increased willingness to pay for AI experiences.
- White space opportunities emerging in areas like shopping, companionship, health, learning, and more.
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Inc42
2d
390
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GenAI Startup subtl.ai Shuts Shop After Failing To Raise Funds
- GenAI-focussed startup subtl.ai has shut down after failing to raise funds despite previously securing $200K from angel investors.
- Cofounder and CEO Vishnu Ramesh announced on LinkedIn that the startup was closing due to the inability to secure additional capital.
- The startup, launched in 2019, aimed to optimize information discovery for enterprises using GenAI technology, with plans to build a 'Private Google' for businesses.
- Despite aspirations to raise a seed round of $1 Mn and achieve $500K Mn in FY25 revenues, subtl.ai only generated INR 55 Lakh in total revenue since 2020, leading to its closure.
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Eu-Startups
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Amsterdam-based Biotech Booster receives €196.4 million to help Dutch innovations reach the market
- Biotech Booster, a Dutch valorisation programme, has been awarded €196.4 million from the National Growth Fund to accelerate biotechnological innovations until 2032.
- The funding ensures continuity for the programme and aims to strengthen the international position of the Dutch biotechnology sector.
- Biotech Booster offers financial support, mentoring, and networking opportunities to guide scientists and entrepreneurs from idea phase to market readiness.
- The programme supports various biotechnological focus areas such as Industrial Biotechnology, AgroFood Biotechnology, and Human Health, fostering collaborations between public and private partners.
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Startup Pedia
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“Employees don’t leave companies, they leave managers,” says Mamaearth’s Ghazal Alagh
- Mamaearth co-founder Ghazal Alagh emphasizes that employees leave managers, not companies, due to their day-to-day experiences with them.
- Alagh identified 8 types of managers that can drive high performers to quit, including micromanagers, credit takers, and never-satisfied bosses.
- She stressed that true retention relies on trust, respect, and daily leadership moments, beyond perks or policies.
- Netizens praised Alagh's insights, acknowledging the impact of toxic managers on confidence, well-being, and team morale.
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ISN
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355
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Go Digit secures relief in Rs 170 crore GST dispute as Bombay High Court orders fresh review
- Go Digit General Insurance has obtained temporary relief in a long-standing tax dispute as the Bombay High Court overturned a Rs 170.29 crore tax demand and ordered a reassessment.
- The demand included Rs 154.80 crore in tax liabilities and Rs 15.48 crore in penalties, covering the period from July 2017 to March 2022.
- The High Court instructed a fresh review based on guidance from the GST Council and directed the adjudicating authority to complete the process within three months.
- Despite the court order, Go Digit confirms no financial implications currently exist, and no penalties have been imposed following the judgment, as it evaluates legal options.
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TechCrunch
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AI is forcing the data industry to consolidate — but that’s not the whole story
- The data industry is on the verge of a transformation with recent consolidations.
- Companies like Databricks and Salesforce are acquiring firms to boost their AI adoption.
- The acquisitions aim to enhance data flow for a more sound AI strategy.
- Startups benefit from acquisitions for exits and continuing development opportunities.
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Inc42
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1.2k
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NBFC InPrime Bags $3 Mn From InfoEdge, Others To Grow Beyond Indian Metros
- Bengaluru-based NBFC InPrime Finserv has raised $6 Mn in its Series A1 round led by Pravega Ventures with participation from existing investors.
- InPrime plans to expand beyond metro cities to target aspirational customers with stable incomes like micro and nano entrepreneurs, self-employed professionals, small retailers, and those in farming or allied sectors.
- The NBFC offers collateral-free business loans ranging from INR 50,000 to INR 3 Lakh with a fixed rate of interest of 25% per annum and received an NBFC license from the RBI in April 2023.
- As part of the growing trend, more Indian startups are applying for NBFC licenses, with the domestic fintech market expected to reach $2.1 Tn by 2030, lending tech projected to dominate.
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Inc42
2d
2.1k
Image Credit: Inc42
NBFC InPrime Bags $6 Mn From InfoEdge, Others To Grow Beyond Indian Metros
- Bengaluru-based NBFC InPrime Finserv raises $6 Mn in its Series A1 round led by Pravega Ventures.
- Existing investors Z47, InfoEdge Ventures, and Kettleborough VC participated in the funding round.
- InPrime Finserv plans to expand beyond metro cities to reach aspirational customers with stable incomes.
- The NBFC offers business loans without collateral, targeting micro and nano entrepreneurs, self-employed professionals, and small retailers.
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