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Startup News
Medium
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GenesisAI: The AI Startup That Raised Millions — Then Disappeared
- GenesisAI, the AI startup that raised millions, has disappeared after making eyebrow-raising financial choices.
- The company claimed to be building a global AI marketplace, but it had zero revenue and missed multiple product launch and revenue targets.
- Despite no formal background in AI or engineering, the company's only executive, Archil Cheishvili, presented himself as the driving force behind GenesisAI.
- After raising over $5 million through crowdfunding, with heavy marketing expenditures, the company failed to deliver a product, resulting in no revenue and leaving investors burned.
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Dev
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35
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$2 Startup: Launching a Full Tech Product on a Shoestring Budget
- A tech enthusiast built a fully functional tech product, a dynamic link service, for just $2.
- Dynamic links intelligently handle edge cases across platforms like Android, iOS, and PC.
- The product aimed to showcase that innovation doesn't require a hefty budget.
- Challenges included finding a cheap domain, payment struggles, and selecting tech stacks.
- The domain 'dynamc.link' was acquired for $2 with help from a friend for payment.
- Cloudflare's free DNS management system was chosen for efficient functionality.
- Tech stacks included React with Material Design, Django, PostgreSQL, and Docker, all open-source.
- Microservices architecture split the backend into Dynamic Link Resolver and API Service.
- Hosting was managed creatively using Cloudflare Zero Trust and a free AWS EC2 instance.
- The project proved that with strategic decisions and open-source tools, launching a tech product on a budget is achievable.
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ISN
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30
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Orthopaedics-focused health startup OSSO raises $250,000 in a funding round
- Orthopaedics-focused health startup OSSO has raised $250,000 in a funding round.
- The funding round was led by Blume Ventures Founders Fund, with participation from other investors.
- OSSO offers orthopaedics, regenerative medicine, physiotherapy, and sports injury treatments under one roof.
- The raised capital will be used to scale operations, improve technology, and provide better services to patients.
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TechCrunch
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127
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Here are Africa’s biggest startups based on valuation
- Funding into African startups surpassed $2 billion last year, resembling pre-pandemic levels and hinting at a cautious outlook for 2025.
- The decline in mega-deals globally led investors to favor sustainable models and profitability, causing closures for some well-funded startups like Copia and Gro Intelligence.
- This shift signifies a turning point where even growth-stage startups face increasing risks, as shown by the closures of Dash and 54gene in 2023.
- Startups like Wasoko and MaxAB opted for strategic mergers to weather challenges, while others like Moniepoint, Moove, and TymeBank thrived on notable investments.
- African unicorns like Flutterwave, OPay, Wave, Andela, TymeBank, Chipper Cash, Interswitch, MNT-Halan, and Moniepoint have made significant strides in valuation and investor backing.
- Moniepoint and TymeBank emerged as leading contenders for unicorn status in 2024, with a valuation of $850 million and $965 million, respectively.
- Up-and-coming African 'soonicorns' like PalmPay, Moove, Yassir, Kuda, Wasoko, MaxAB, Clickatell, M-KOPA, Yoco, and Onafriq are poised to make waves based on their recent rounds.
- These startups, displaying resilience and growth potential, are pivotal in shaping Africa's tech landscape and are indicative of the continent's promising innovation.
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TechCrunch
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Only 3 days left to save $300+ on investor and founder tickets for TechCrunch All Stage
- TechCrunch is offering a discount of up to $320 on investor and founder tickets for TechCrunch All Stage.
- The discount is available until 11:59 p.m. PT on March 31.
- TechCrunch All Stage will take place on July 15 in Boston, bringing together 1,200 founders and VCs.
- The event will include breakout sessions for early-stage and growth-stage founders, as well as networking opportunities.
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Yourstory
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It is my life story, not a business book: Freshworks' Girish Mathrubootham on his autobiography
- Freshworks founder Girish Mathrubootham has announced that his autobiography 'All In' will be released soon.
- The book offers an unfiltered, behind-the-scenes look at Mathrubootham's life, going beyond typical business handbooks.
- Mathrubootham aims to inspire builders and founders with humble beginnings, highlighting that success in business doesn't require elite pedigrees.
- The book covers key moments and counterintuitive decisions that led to building Freshworks, including his early struggles as an engineering graduate in Chennai.
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Inc42
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35
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Not Airbnb Or Uber Of India, We Are Rebel Of The World: Rebel Foods CEO
- Rebel Foods CEO Ankush Grover stated that the company's unique cloud kitchen model is being replicated globally.
- The startup aims to be a brand inspiring global startups, not just India's Uber or Airbnb.
- Rebel Foods operates 350 kitchens in 70 Indian cities, serving 2.5 Lakh daily orders.
- With kitchens in Dubai and the UK, the company is positioned as 'Rebel of the world.'
- The IPO-bound unicorn focuses on scaling food brands like Faasos, Oven Story Pizza, and Behrouz Biryani.
- Rebel Foods aims to build India's national food brand, leveraging cloud kitchens for expansion.
- The company operates over 45 food brands globally and controls losses while increasing revenues.
- Rebel Foods emphasizes quality, using technology like CCTV cameras and temperature monitors in its kitchens.
- The startup trains its blue-collar workers to maintain stringent quality standards.
- Rebel Foods ventures into quick commerce with QuickiES, targeting delivery within 15 minutes to compete with food delivery giants.
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Kotaku
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Everything We Saw At Nintendo's Last Big Direct For The OG Switch And More Of The Week's Top News
- The big event of the week was Thursday’s Nintendo Direct, the last one focused on the original Switch before the curtain gets pulled back on its successor next Tuesday.
- Sony is closing March out with its 2025 spring sale across PlayStation 5 and PS4, offering discounts of up to 90 percent off on big games.
- During today’s Nintendo Direct, the company shared a big change it’s making to digital games next month, allowing the sharing of digital titles with friends and family members.
- Ubisoft will spin off its most successful game franchises into a separate subsidiary with a $1.25 billion investment from Chinese conglomerate Tencent, allowing the Guillemot family to remain in control of the publisher.
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Medium
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140
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Digital Therapeutics (DTx) for Pain Management and Musculoskeletal (MSK) Disorders Global Startup…
- The digital therapeutics (DTx) sector for pain management and MSK disorders is gaining traction as a non-pharmacological care alternative.
- Digital solutions offer clinically validated interventions integrating physical rehabilitation and behavioral therapy.
- Over 40 DTx platforms globally evaluated for clinical rigor, innovation, and regulatory readiness.
- Evaluation framework based on therapeutic efficacy, technology, user experience, and commercial maturity.
- Top-tier companies like Kaia Health, Hinge Health, and Sword Health lead in regulatory compliance and patient outcomes.
- Second-tier platforms include metaMe Health, Joint Academy, and Karuna Labs with strong clinical promise and market presence.
- Third-tier innovators such as moveUP and EverEx show promise in early-stage and niche applications.
- Key trends include multimodal therapy, behavioral pain management, and maturing regulatory ecosystems.
- Opportunities lie in strategic growth through partnerships, regulatory clearances, and convergence of MSK and behavioral platforms.
- Digital therapeutics are crucial for managing chronic pain, offering effective, accessible, and personalized care solutions.
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Medium
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395
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What to Do When Your Leadership Lacks Inspiration: Seven Lessons for Leaders
- Leaders must be aware of the impact they have on those they lead, as it may not always be known.
- Inspiration may be elusive but can also be found in everyday actions and behaviors.
- Understanding the conditions that empower you to think and produce moments of inspiration is crucial.
- Inspiration should radiate from leaders' integrity, diligence, empathy, compassion, and professionalism.
- Avoid shifting from healthy self-reflection to unhealthy self-indulgence by focusing on others in leadership.
- Leaders should not search for things that followers should discover themselves; avoid nurturing a dependency.
- Reflection on negative experiences can lead to insight and inspiration for leaders.
- Leader should evaluate and reshuffle their team based on capabilities and advice quality.
- Confidence in one's capabilities is essential for leaders to avoid spreading anxiety among their team.
- Inspiration should not be forced and leaders should not constantly seek it without acknowledging past achievements.
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ISN
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255
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D2C home cleaning brand Koparo raises Rs 14.5 crore in funding: Report
- D2C home cleaning brand Koparo has raised Rs 14.5 crore in funding in an extended pre-Series A round led by Saama Capital and other investors.
- The capital infusion has increased Koparo's valuation to approximately Rs 124 crore, representing a nearly 90% increase from its previous funding round.
- Koparo offers natural alternatives to conventional cleaning products and has a comprehensive portfolio of over 15 products in various cleaning categories.
- In the fiscal year ending March 2024, Koparo's operating revenue grew 2.3 times to Rs 10.22 crore, but the company reported losses of Rs 5.86 crore as it focuses on growth.
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UX Design
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Duolingo’s 6-step reactivation experience
- Duolingo has launched a new 6-step reactivation experience for dormant users.
- The reactivation experience includes a personalized check-in, push notifications strategy, and a welcome back email.
- Unlike other products, Duolingo focuses on retention rather than just reactivating users.
- The 2025 welcome back flow emphasizes user experience to encourage users to continue learning languages on the platform.
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Inc42
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8
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Cornerstone Ventures To Close $200 Mn Second Fund By 2025-End
- Mumbai-based VC firm Cornerstone Ventures is planning to close its $200 Mn second fund by the end of 2025.
- The firm has already raised $40 Mn and aims to close another $10 Mn to $15 Mn in April.
- The second fund will focus on industries such as logistics, healthcare, financial services, retail and ecommerce enablers, and technology marketplaces.
- Cornerstone Ventures aims to attract 60% of investments from institutions and raise $130 Mn from domestic investors.
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Medium
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431
Basics before doing Startups
- Be passionate about your own idea and avoid copying from others.
- Form a founding team connected to the idea or product, engaging with users regularly.
- Differentiate your idea or product in the crowded market of AI and LLM technologies.
- Focus on building a minimum viable program, valuing customer needs and feedback.
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Medium
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334
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The VC Secondaries Mirage
- 71% of exit dollars in 2024 came from secondaries, not IPOs or M&A.
- Secondary activity is primarily limited to pre-IPO unicorns, GP-led secondaries, and Tier 1 funds.
- For the majority of venture-backed companies, secondaries are not a viable option.
- The need for more solutions, innovation, and transparency in liquidity design is crucial.
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