A naukri.com initiative
Startup News
ISN
2w
156
Image Credit: ISN
Indian fintech firm Cashfree Payments secures RBI's PPI license
- Indian fintech firm Cashfree Payments secures RBI's PPI license.
- Cashfree Payments is one of the first fintechs to receive the PA, PA-CB, and PPI licenses from RBI.
- The PPI license enables Cashfree Payments to provide enhanced digital payment solutions through prepaid instruments.
- Cashfree Payments supports over 600,000 businesses, processes $80 billion in transactions annually, and is expanding internationally.
Read Full Article
9 Likes
Inc42
2w
13
Image Credit: Inc42
NBFC Finova Capital Nets $135 Mn To Expand Loan Book
- Jaipur-based NBFC Finova Capital has raised $135 Mn in a Series E funding round.
- The funding round included participation from Avataar Venture Partners, Sofina, Madison India Capital, and existing investor Norwest Venture Partners.
- Finova Capital plans to utilize the funds to expand its loan book, invest in technology, and expand its market presence.
- Founded in 2015, Finova Capital offers MSME business loans and home loans in semi-urban and rural areas.
Read Full Article
Like
Inc42
2w
130
Image Credit: Inc42
ideaforge’s Share Prices Slip To A 52 Week Low Post Weak Q2 Disclosures
- The share prices of drone technology company ideaforge slipped about 10% to a 52-week low of INR 547 during intraday trading on October 29.
- The company's market cap also declined to $280.10 Mn from $310 Mn at the end of the previous week.
- The poor performance was a result of ideaforge reporting a net loss of INR 13.7 Cr in Q2 FY25, compared to a net profit of INR 1.16 Cr in the previous quarter.
- The startup's total expenses increased by 59% to INR 59.3 Cr in Q2 FY25 from INR 37.3 Cr in the same quarter of the previous year.
Read Full Article
7 Likes
Eu-Startups
2w
169
Berlin-based Aignostics secures €31.4 million Series B to enhance precision medicine with AI
- Berlin-based AI company Aignostics raises €31.4 million in Series B financing.
- Funds will be used to develop new products, fuel growth in the US, and collaborate with Mayo Clinic.
- Investors include ATHOS, Mayo Clinic, HTGF, Wellington Partners, and more.
- Aignostics aims to enhance precision medicine through advanced AI models and computational pathology.
Read Full Article
10 Likes
ISN
2w
1.3k
Image Credit: ISN
'No choice but to accept Aggarwal's offer to work with OLA': Kunal Kamra, list his conditions
- Comedian Kunal Kamra has accepted Ola Electric CEO Bhavish Aggarwal's job offer, with certain conditions.
- Kamra listed down conditions for Ola Electric to address their service crisis.
- These conditions include completing scooter repairs within 7 business days, providing temporary replacement scooters or reimbursements for delays, and offering service-related insurance.
- Kamra's acceptance comes after he criticized Ola Electric's service quality and Aggarwal's invitation to 'come and help.'
Read Full Article
27 Likes
Yourstory
2w
777
Image Credit: Yourstory
Peak XV-backed Cuemath’s FY24 losses narrow 42.7%; revenue up marginally
- The edtech startup Cuemath, backed by Peak XV, reduced its losses by 42.7% in FY24 compared to the previous fiscal year.
- Expenses dropped by 29.9%, enabling Cuemath to narrow its losses to Rs 134.5 crore in FY24.
- Cuemath reported a marginal increase in revenue, with operating revenue of Rs 126.4 crore, a 4.9% increase from the previous fiscal year.
- The reduction in losses is attributed to reduced spending on employee benefits and advertising expenses, as well as job cuts.
Read Full Article
3 Likes
Yourstory
2w
1.3k
Image Credit: Yourstory
Amazon Pay India cuts losses by 39% in FY24
- Amazon Pay India has reduced its net loss by 39.21% in FY24, reaching Rs 911.2 crore.
- The revenue from operations for Amazon Pay India increased by 9.26% to Rs 2,286.9 crore in FY24.
- Expenses for Amazon Pay India decreased, with advertising promotional expenses falling by 30.62%.
- Amazon Pay India has gained over 100 million UPI users and is among the top 10 most-used UPI payment methods in India.
Read Full Article
16 Likes
Yourstory
2w
426
Image Credit: Yourstory
Courteney Cox, Jennifer Aniston fondly remember Mathew Perry on his death anniversary
- It’s been a year since Matthew Perry—who played the role of Chandler Bing in the popular TV sitcom Friends—passed away.
- Courteney Cox and Jennifer Aniston, members of the Friends cast, paid tribute to Perry on his death anniversary.
- Courteney Cox shared old photos with Perry and other cast members on Instagram, expressing her fondness and missing him.
- Jennifer Aniston also posted a series of photos on Instagram, honoring Perry's memory with a heartfelt caption.
Read Full Article
25 Likes
Medium
2w
330
Image Credit: Medium
Meet Frederik Pheiffer: From Startup POV to Investment Insight
- Frederik Pheiffer has joined Dreamcraft after working in LegalTech and FinTech startups.
- He is passionate about supporting startups and finding exciting early-stage companies.
- Frederik has a diverse international background and holds a Bachelor's degree in International Business.
- He is dedicated to the startup ecosystem and values Dreamcraft's commitment to value creation.
Read Full Article
19 Likes
Eu-Startups
2w
230
Munich-based Emidat raises €4 million to make construction emission management simple as EU deadline looms
- Emidat, a provider of environmental data solutions for the construction industry, has raised €4 million in seed funding.
- The funding will support Emidat's mission to reduce the environmental footprint of the construction industry, starting with labeling building materials.
- The European Union's forthcoming mandatory standards for building product declarations have created a need for Emidat's environmental data operating system.
- Emidat aims to help the construction industry measure and reduce embodied carbon, offering a database of environmental data for over 150,000 construction products.
Read Full Article
13 Likes
SiliconCanals
2w
21
Image Credit: SiliconCanals
German startup Aignostics scores €31M to turn complex biomedical data into insights through AI: Know more
- Berlin-based AI company Aignostics has raised €31M ($34M) in Series B funding.
- The funding round was led by ATHOS, with investments from Mayo Clinic and HTGF.
- The funds will be used to improve target identification, translational research, and companion diagnostics.
- Aignostics aims to launch new products, expand in the US, and collaborate with Mayo Clinic.
Read Full Article
1 Like
Economic Times
2w
1.6k
Image Credit: Economic Times
Vridhi Home Finance raises Rs 310 crore in fresh funding from Norwest, existing investors
- Vridhi Home Finance has raised Rs 310 crore in fresh funding from Norwest Venture Partners, Elevation Capital, and its founders.
- The company plans to invest in building a strong distribution network, risk management practices, and technology backend for a digital home loan process.
- With the new capital, Vridhi Home Finance aims to expand to new markets and enhance its digital onboarding system.
- The company focuses on serving small towns with populations between 3,000 and 500,000, offering home loans ranging from Rs 3 lakh to Rs 45 lakh.
Read Full Article
19 Likes
Eu-Startups
2w
82
Porto-based Infraspeak closes €18 million Series B to enable global collaboration in Facilities Management
- Porto-based Infraspeak has raised €18 million in a Series B funding round led by Endeit Capital.
- The funding will enable Infraspeak to become the global go-to platform for collaborative facilities management.
- Infraspeak aims to revolutionize the facility management industry by creating an intelligent platform for seamless collaboration.
- The investment will support Infraspeak's expansion into new markets and strengthen its IFM Community.
Read Full Article
4 Likes
Startupreporter
2w
130
Image Credit: Startupreporter
ISGJ and Medhavi University Launch First Bachelor’s and MBA Programs in Gems and Jewellery
- Medhavi Skills University (MSU) has signed a MoU with International School of Gems and Jewellery (ISGJ) to launch BBA and MBA courses in Jewelry Design & Manufacturing (JD&M).
- The courses are designed to address the skill gap in the sector and provide students with industry-aligned knowledge and hands-on expertise.
- The collaboration aims to bridge the gap between traditional craftsmanship and modern industry requirements in the gems and jewellery sector.
- The partnership focuses on integrating academia and industry to promote growth and success in the gems and jewellery sector.
Read Full Article
7 Likes
Startupreporter
2w
209
Image Credit: Startupreporter
Singapore’s Elite Global Oil and Gas Group Launches New Compex Training Center In Chennai
- Singapore-based ELITE Global Oil & Gas Group inaugurates CompEx Training Centre in Chennai, India.
- The centre provides competency training and assessment for professionals working in potentially explosive atmospheres.
- ELITE Group plans to invest an additional USD 100 million in India to enhance local access to vital competency training programs.
- The inauguration ceremony was attended by key dignitaries who emphasized the importance of CompEx India in shaping a safe work and learning environment.
Read Full Article
12 Likes
For uninterrupted reading, download the app