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Gritdaily

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Clark Foods Reinvigorates the Canned Goods Aisle with Bold, Gourmet Baked Beans

  • Montreal-based food manufacturer, Clark Foods, launches gourmet baked beans in the US.
  • The company aims to breathe new life into the baked bean category with innovative flavors.
  • The new line includes unique options like Apple Bacon Mesquite, Peach Honey Habanero, Buffalo Style, and Root Beer baked beans.
  • Clark Foods' baked beans are available in major retail chains nationwide.

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Gritdaily

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Yates Jarvis of 2 Visions: Why Ecommerce Companies Are Doubling Down on Data

  • 2 Visions, a strategy firm founded by Yates Jarvis, focuses on empowering ecommerce business through transformative strategies that boost both performance and organizational structure. Jarvis believes that performance and employee engagement are two essential facets for sustainable success in the competitive world of ecommerce. Currently, ecommerce businesses are doubling down on data as they try to gain an edge over their competitors to increase growth and enhance efficiency. Despite the growth lag of DTC’s market shares, by applying Artificial Intelligence (AI) to better serve customers in the CX and product development, there is a strong possibility of a complete next-level use of AI emerging in the coming years. Consumers have consolidated their search activities to marketplaces like Amazon and made significant subscriptions with brands, which has led to convenience expectations with order editing and shipping options.
  • Ecommerce leaders face the challenge of organizational development capabilities; for instance, companies must hire resourceful, high-potential talent and develop them in-house via proprietary structures that bring out their best in product, marketing, service, and ecommerce. Personalization, particularly brands with 2-3 purchases per year, is essential in ecommerce, but personalization is often limited by the quality and depth of data and the organization's ability to hypothesize and apply tunings based on that data effectively. While social media and influencer marketing played a critical role in ecommerce sales, the approach to marketing brands has evolved over the years. Customer retention, on the other hand, is about providing customers value; optimizing, measuring, and improving value provided, customer understanding of value, and customer enjoyment of value are ways to better define retaining strategies.
  • The future of ecommerce in the next 5 to 10 years will witness one major trend: AI advising during purchases rather than just assisting customers. AI will help in making an informed purchase decision, such as clothing best suited for a specific wardrobe or personal style. Ecommerce companies will build stronger teams, with a worldwide workforce and the necessary tools to unite all the players efficiently. Hence, the change ahead is exciting and will help companies prepare, adapt and fly.

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Inc42

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Govt Warns Against Illegal Payment Gateways Facilitating Laundering

  • The Ministry of Home Affairs (MHA) and Indian Cybercrime Coordination Centre (I4C) have issued an alert against illegal payment gateways facilitating money laundering. Transnational criminals have been using these illegal digital payment gateways for laundering proceeds of various cybercrimes.
  • During country-wide raids, Gujarat Police and Andhra Pradesh Police discovered illegal payment gateways such as PeacePay, RTX Pay, PoccoPay, and RPPay that were used for money laundering. The criminals obtained current and saving accounts of shell companies or individuals through social media platforms like Telegram and Facebook.
  • As a preventive measure, I4C has warned banks to deploy necessary checks to identify misuse of bank accounts for setting up illegal payment gateways. Depositing illicit funds in such bank accounts may lead to legal consequences and arrest.
  • This warning comes in light of the increasing cyber attacks in the country. Fraudsters have been using betting apps for money laundering, and there have been recent cases involving illegal gaming and betting apps operating through kirana stores.

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Medium

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Here are ten lesser-known marketing tools that can offer unique advantages:

  • Feedly is a content aggregator that helps curate relevant content by staying on top of industry news and trends.
  • Canva's Magic Write generates copy and suggestions beyond basic design, streamlining content creation.
  • Loomly is a content management tool that enables seamless collaboration on social media posts and performance tracking.
  • SocialBee is a social media scheduling tool that categorizes posts for better content variety and engagement.
  • Qualaroo gathers user feedback directly from websites, providing real insights to refine marketing strategies.
  • Hotjar offers heatmaps and session recordings to understand user behavior on websites, guiding optimization efforts.
  • ClickFunnels helps marketers effortlessly create optimized sales funnels for better conversion rates.
  • Ahrefs' Content Explorer is a powerful tool for finding high-performing content ideas and analyzing competitors' strategies.

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Medium

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Fucking the damn subscription mode

  • Small businesses and independent developers are not benefiting enough from subscription models in app stores.
  • Lab11's app 'Habits with Henry' received minimal revenue despite being featured by Apple editors twice in the US and China.
  • To survive and expand the market, developers should focus on perfecting products and setting reasonable prices rather than relying on subscriptions.
  • The author is willing to pay for innovative design and excellent features, but not for apps with high prices and inadequate experiences.

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Medium

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Startup Vs Big Corporate: Which one is best for you?

  • Choosing between a startup and a big tech company can be pivotal in shaping your career path.
  • Startups and big tech both have their pros and cons, suitable for different personalities.
  • The decision depends on your preference, experience, and interests.
  • This article provides insights for making the best decision based on personal and professional goals.

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Economic Times

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Swiggy sets IPO price band between Rs 371-390 per share

  • Food delivery platform Swiggy is set to price its IPO between Rs 371-390 per share.
  • At the upper end of the price range, Swiggy's valuation would be $11.3 billion.
  • The IPO will include a secondary sale component of Rs 6,800 crore and Rs 4,500 crore in primary capital.
  • Swiggy's IPO is expected to open on November 6.

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VIE Stories

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The Benefits of Implementing Computer Telephony Integration Software

  • Computer telephony integration (CTI) offers a level of efficiency and customer interaction that can streamline communication processes.
  • CTI enhances customer experience by providing seamless service across different communication channels, personalized interactions, and automated solutions.
  • CTI streamlines communication processes by unifying various channels, facilitating collaboration, and adapting to evolving business needs.
  • CTI software results in cost savings through labor efficiency, reduced hardware expenses, and improved ROI through increased sales opportunities and customer retention.

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TechRound

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How Long Before Startups Exit Or Go Public?

  • Startups' timelines to exit or go public vary depending on various factors.
  • Factors include funding, market conditions, industry, business model, and growth rate.
  • Tech and software startups usually aim for exit within 5-7 years, while biotech startups may take 10-12 years.
  • The decision between IPO and acquisition depends on funding, growth, and market potential.

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Inc42

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Avanse Financial Gets SEBI Nod For INR 3,500 Cr IPO

  • Avanse Financial Services has received approval from SEBI for its INR 3,500 Cr IPO.
  • The approval comes after re-filing the draft red herring prospectus (DRHP).
  • Avanse offers education financing and skill enhancement loans.
  • The IPO will comprise of fresh share issuance and an offer for sale component.

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ISN

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Atomberg Technologies' revenue jumps 31% to Rs 848 crore in FY24; losses up by 46%

  • Atomberg Technologies, a Mumbai-based consumer appliance brand, reported a 31% increase in revenue for FY24.
  • Operating revenue grew to Rs 848 crore, driven by strong performance in the fan segment.
  • Despite the revenue growth, net losses widened by 46.3% to Rs 202 crore.
  • Atomberg aims to achieve operational profitability and plans to expand its product portfolio and offline reach.

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Yourstory

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Unicommerce clocks 21% YoY jump in net profit in Q2 FY25

  • Unicommerce reports a 21% YoY increase in net profit in Q2 FY25, reaching Rs 4.47 crore.
  • Total operating revenue for Unicommerce rises to Rs 29.3 crore in Q2 FY25.
  • Total expenses for the company increase by 6% YoY to Rs 24.5 crore in Q2 FY25.
  • Unicommerce's share price on NSE stands at Rs 199.5 per share as of October 28, down from the IPO listing price of Rs 235 per share.

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Siliconangle

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Cybersecurity startup Armis closes $200M round at $4.2B valuation

  • Cybersecurity startup Armis has raised $200 million in funding to support its growth efforts.
  • The funding round was led by General Catalyst, Alkeon Capital Management, Brookfield Technology Partners, and Georgian.
  • Armis offers a software platform called Centrix that automatically detects and protects devices in a corporate network from cybersecurity issues.
  • The company plans to use the funding to accelerate product development, explore acquisitions, and aims to reach $500 million in annualized recurring revenue by 2026.

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Yourstory

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Ex-PayU Finance CEO's startup Zinc grabs $25.5M from Nexus, others

  • Zinc, an edu-wealth startup, raises $25.5 million in seed funding led by Nexus Venture Partners with participation from other investors.
  • Zinc aims to support Indian parents and students in planning for international education by offering financial and counseling solutions.
  • The funding will be used to expand Zinc's offerings, including enhancing AI-driven counseling, expanding wealth management, building a lending arm, and facilitating remittance for education-specific purposes.
  • Zinc's latest solution, Zinc Honors, combines financial planning with an AI-powered counseling tool to guide students in university choices and help parents build a stable investment portfolio.

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Yourstory

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BharatPe expands offerings with digital gold on new Invest BharatPe app

  • BharatPe has launched Invest BharatPe, a new investment platform offering digital gold.
  • Users can invest in 24K pure gold with as little as Rs 100.
  • The launch comes during the festive season, a popular time for gold investments.
  • BharatPe plans to expand the platform with additional investment products in the future.

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