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Startupreporter
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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.
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Startupreporter
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Universal AI University Unveils a New Mascot Hawk AI at its 13th Convocation Ceremony
- Universal AI University, India’s first University to provide an Artificial Intelligence curriculum, hosted its 13th Convocation at its campus in Karjat, near Mumbai.
- The Convocation ceremony featured Padma Bhushan Shri Gulzar Sahab as the Distinguished Guest of Honour and Shri Anuj Jain as the Chief Guest.
- The highlight of the event was the launch of Universal AI University's new mascot, 'Hawk AI', symbolizing the institution's commitment to AI-led education with ethical and environmental standards.
- 350 students received their degrees and awards were conferred upon deserving students at the Convocation.
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Economic Times
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Finova Capital secures Rs 1,135 crore from Avataar Venture Partners, Sofina, Madison India others
- Finova Capital has secured $135 million (about Rs 1,135 crore) in a fresh funding round.
- The funding round was led by Avataar Venture Partners, Sofina, and Madison India Capital.
- Existing investor Norwest Venture Partners also participated in the round, alongside other existing shareholders.
- Finova Capital plans to use the funds to expand its loan book, invest in technology, and enter new markets.
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Insider
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Weight loss care is leading IPO-hopeful Omada Health's latest growth surge as Ozempic boom continues
- Omada Health's weight loss program has become its most popular offering for new customers.
- Fewer employers are setting strict conditions for coverage of weight-loss medications like Ozempic.
- Omada Health has seen unexpected success in offering lifestyle support alongside medication coverage.
- The startup is looking to refine its metabolic health strategy and expand partnerships with health systems.
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Geek Wire
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Inside the ‘Stranger Things’ house that a Seattle real estate startup bought and turned into an Airbnb
- Seattle-based real estate startup Arrived Homes has turned the house used for exterior shots in 'Stranger Things' into an Airbnb listing.
- Arrived has meticulously recreated the interior sets from the show, including the iconic Christmas lights/alphabet wall and retro decor.
- Fans can stay in the house and also have the opportunity to own a piece of the property through crowdfunding.
- Arrived bought the home for $400,000, spent $500,000 on renovations, and expects to rent it out at around $350/night on weekdays and $700/night on weekends.
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Inc42
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KRAFTON Backs South Korean IMM’s India Fund To Boost Startups
- KRAFTON India has become the anchor investor in IMM India Fund by South Korea's IMM Investment.
- IMM Investment's India-focused fund aims to support growth stage Indian companies in sectors like consumer tech, SaaS, fintech, gaming, media, and deeptech.
- The IMM India Fund has made its first investment in Vellvette Lifestyle, the parent company of Sugar Cosmetics.
- KRAFTON India has invested approximately $170 Mn in various Indian startups, and the collaboration with IMM Investment aims to accelerate growth for Indian startups.
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Yourstory
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Amazon’s B2B and logistics arms narrow losses in FY24
- Amazon Wholesale (India) has narrowed its annual loss by 44% in FY24 to Rs 342.30 crore.
- Revenue from operations decreased marginally to Rs 3,576.70 crore in FY24.
- Amazon Wholesale's expenses reduced by 6.2% to Rs 3,958.60 crore.
- Amazon Transportation Services witnessed marginal growth during FY24, with revenue increasing by 7.6%.
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Eu-Startups
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Warsaw-based Foodsi raises €1.2 million to combat food waste in restaurants and stores
- Foodsi, a Polish marketplace for surplus food, has raised €1.2 million in a seed round extension.
- The funds will help Foodsi grow, expand its teams, and increase operational efficiency.
- Foodsi allows eateries and shops to sell off surplus food at discounted prices.
- The mobile app has nearly 2 million users and aims to reduce food waste.
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Yourstory
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Finova Capital raises $135M in Series E round
- Jaipur-based NBFC Finova Capital has raised $135 million in a Series E funding round.
- The round saw participation from new investors Avataar Venture Partners, Sofina, Madison India Capital, and returning investor Norwest Venture Partners.
- Finova Capital will use the capital to grow its loan book, invest in technology, and expand its geographic presence.
- The company offers working capital loans, machinery loans, and business loans to MSMEs through its technology-led platform.
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Yourstory
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Paper Boat curbs annual loss by 48%; revenue rises 16%
- Paper Boat Foods, owned by Hector Beverages, has reduced its annual loss by 48% to Rs 47.14 crore in FY24.
- The operating revenue of Hector Beverages increased by 16% to Rs 584.85 crore in FY24.
- Revenue from traded goods, mainly driven by fruit juices, rose by 16.23% to Rs 304.32 crore in FY24.
- Expenses in FY24 were 7.2% higher at Rs 642.34 crore, while finance costs reduced by 54% to Rs 2.75 crore.
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Medium
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Kimova.AI ISO 27001 Auditing Series: Technological Control A.8.4: Access to Source Code
- Access to Source Code involves enforcing secure and restricted access protocols to manage and monitor who can interact with a company’s software code.
- Restrict access based on users’ roles and responsibilities, allowing only necessary permissions.
- Enforce MFA for repository access to add an extra security layer, particularly for remote or cloud-based repositories.
- Establish policies that require secure coding practices, regular code reviews, and static analysis to detect vulnerabilities early.
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Yourstory
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Elon Musk’s 8 top innovations: From Tesla to SpaceX
- Elon Musk has made several groundbreaking innovations that have transformed industries and redefined our future.
- His top contributions include Tesla electric vehicles, SpaceX and the Falcon rockets, The Boring Company transport solutions, Neuralink brain chips, Starlink's internet, Tesla Energy products, Mega Gigafactories, and OpenAI.
- Tesla electric vehicles are high-performing and eco-friendly, revolutionizing the auto industry.
- SpaceX's Falcon rockets have set records and made space travel more accessible, while The Boring Company aims to address urban transportation challenges.
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Eu-Startups
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Berlin-based GlassFlow bags €4.43 million to enable Python devs to build event-driven data pipelines in minutes
- Berlin-based startup GlassFlow has raised €4.43 million in seed funding to enable Python developers to build event-driven data pipelines in minutes.
- Event-driven data pipelines are critical for AI applications, but building and maintaining them is complex, especially for Python developers.
- GlassFlow simplifies this process by providing a fully managed streaming platform for Python devs, reducing setup time and lowering maintenance costs.
- With serverless execution, built-in connectors, and automatic setup, teams can build end-to-end data pipelines in just 15 minutes.
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Medium
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Transform Your Business: Effortless Amazon Store Setup Service for Aspiring Entrepreneurs
- Our Amazon Store Setup Service offers a comprehensive, hassle-free solution to help you establish a successful online store on Amazon.
- Take your Amazon store to the next level with expert Amazon store management services.
- Discover the Best Amazon automation service to optimize your store’s performance.
- Our Amazon outsourcing solutions cover everything from listing management to customer service.
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Eu-Startups
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VDS brings together investors with over €250 billion in private equity for startups (Sponsored)
- VDS brought together investors with over €250 billion in private equity dedicated to startups at Valencia's City of Arts and Sciences.
- Top investment funds like Softbank’s VisionFund, EQT Partners, and Archimed were present at the event.
- VDS has continued its growth trend, breaking records for international attendees once again, increasing its international participation by 65% compared to last year.
- More than 2,500 startups and 1,500 corporations were able to connect with key players in the global tech ecosystem, creating connections, synergies, and business opportunities.
- HULO.ai, a Dutch-founded startup focused on providing a global solution to improve sustainable water supply, won the Early Stage category of the VDS international startup competition.
- AI was a focus of VDS2024, with over 20 sessions on the topic across three of the event's seven stages.
- Discussions included topics like AI funding challenges, AI's impact on people management, and the ethical and legal issues of AI in the audiovisual sector.
- Sustainability was also a featured topic at VDS, with its own Green Stage supported by the Valencia City Council as part of the city’s 2024 European Green Capital initiative.
- Valencia Mayor María José Catalá presented the honorary award 'VDS City of Valencia' to Hortensia Roig.
- Ana Maiques, CEO and co-founder of Neuroelectrics, received the honorary VDS2024 award from Diana Morant, Minister of Science, Innovation, and Universities, for her inspiring character and professional trajectory.
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