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Gritdaily
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Matteo Ferretti Reveals the Key to NFT Market Growth
- The NFT market faces a transitional period with a shift towards a more structured approach post 2021's peak frenzy.
- Matteo Ferretti, CEO of Spynn, sees the recent downturn as a necessary pause before a new phase of growth.
- Ferretti highlights the significance of the SEA token launch by OpenSea in restructuring the NFT landscape.
- Understanding human psychology, particularly the commitment principle, is key to successful NFT projects according to Ferretti.
- Successful NFT projects create emotional investments beyond financial gains, fostering identity and belonging.
- Authenticity plays a crucial role in NFT projects, with a need to balance claims of authenticity to avoid appearing disingenuous.
- Technological advancements, including AI integration, and gaming NFTs are driving utility-driven engagement in the NFT market.
- Regulatory advancements in North America provide stability for NFT market growth, addressing past concerns over regulatory uncertainties.
- Effective communication strategies and understanding cultural timing are essential in promoting NFT projects successfully.
- NFTs are evolving into fundamental infrastructure for digital identity and ownership, integrating technologies like AR and VR for enhanced user experiences.
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Gritdaily
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Bitcoin as Collateral? Peoples Reserve Wants to Rewrite the Rules
- Peoples Reserve aims to offer Bitcoin Powered Mortgages (BPMs), challenging traditional lending.
- They employ a dual-collateralization structure using Bitcoin alongside real estate as collateral.
- This allows for lower rates for borrowers and reduces lender risk.
- Interest rates are tied to the performance of the Bitcoin collateral, creating a more dynamic pricing model.
- Peoples Reserve ensures borrower and lender protection through multi-signature wallets.
- The platform empowers individuals to unlock their Bitcoin's purchasing power without giving up ownership.
- By cross-collateralizing property and Bitcoin, Peoples Reserve makes homes more affordable for Bitcoin savers.
- Liquidation of Bitcoin collateral only occurs in case of loan default, not based on price volatility.
- Peoples Reserve plans to expand beyond mortgages to offer Bitcoin-denominated bonds and financial tools.
- The company targets both retail and institutional lenders for Bitcoin-backed collateral.
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Eu-Startups
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“Like building with LEGO bricks” – German startup RIICO secures €4.3 million to digitalise factories
- German startup RIIICO secures €4.3 million in Seed funding led by Pi Labs to expand its AI platform for digital models in factories.
- RIIICO's platform aims to enhance the resilience and competitiveness of industrial clients by utilizing digital twins to quickly adapt established factories.
- The AI-based software detects machines and infrastructure in factories, generating 3D digital twins for quick scenario simulation and implementation.
- RIIICO's solution makes retrofitting factories more efficient, allowing for faster redesign processes and product launches.
- The startup targets established Western manufacturers facing the challenge of upgrading existing sites during ongoing operations while new competitors build modern greenfield plants.
- The platform was successfully used in the automotive industry to install electric vehicle production lines in factories, setting a new benchmark for quality and efficiency.
- Faisal Butt of Pi Labs sees RIIICO as a potential transformer of factory redesign using AI to create collaborative 3D models from LiDAR scans.
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Economic Times
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ETtech Deals Digest: Indian startups raise $160 million this week, up 75% on-year
- Indian startups raised $160.3 million during June 7 to 13, a 74.7% increase from the same period last year.
- This week's funding marked a 12.4% rise over the previous week's total of $142.7 million.
- Despite the higher funding amount, only 16 transactions were recorded, compared to 34 deals in the same period last year.
- Top deals include Cred raising $72 million, Flexiloans securing $43.8 million, and Vecmocon Technologies raising $18 million.
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Inc42
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PlayShifu’s Revenue Crosses INR 100 Cr Mark In FY25
- PlayShifu, a Bengaluru-based AR-driven toys and games startup, saw its revenue surpass the INR 100 Cr mark in FY25, with an operating revenue of INR 110 Cr.
- The startup's EBITDA loss decreased by 50% to INR 6 Cr, while its net loss dropped by 42% to INR 12 Cr in FY25.
- Founded in 2016, PlayShifu focuses on creating educational tech toys for kids aged 4-11, integrating physical and digital elements to teach STEAM concepts.
- 45% of PlayShifu's customers continue engaging with its products after six months, which is considered high in the toy industry.
- The startup's main markets are the US and India, with the US contributing 50% of its revenue and India 25%.
- While PlayShifu offers products in 40 countries, it prioritizes the US and India markets.
- The startup's products are available online on platforms like Amazon and offline through partnerships with stores like Barnes & Noble.
- PlayShifu aims for an operating revenue exceeding INR 200 Cr and EBITDA profit of INR 8 Cr in FY26, along with plans to raise $12 Mn to $15 Mn by 2025.
- In previous funding rounds, PlayShifu secured $6 Mn and accumulated over $41 Mn in total funding.
- The cofounder mentioned that the startup would make EBITDA profitable by August 2024.
- PlayShifu's products are designed by a team of educators, technologists, and designers, focusing on teaching coding, maths, language, geography, and music.
- The startup sells products on platforms like Zepto and Swiggy in India, with a smaller contribution from quick commerce.
- While expanding, PlayShifu plans to have its products available in a large US retail chain by the end of this year.
- PlayShifu's future goals include revenue targets for FY26, EBITDA profit expectations, and raising additional capital by 2025.
- The startup has raised funds from investors like Inflexor Ventures, Chiratae Ventures, Bharat Innovation Fund, and Athera Ventures Partners.
- The startup's revenue growth and strategic development indicate a positive trajectory for its business operations.
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Eu-Startups
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Swedish energy startup Engrate raises €2.5 million for efficient energy integration
- Swedish energy startup Engrate secures €2.5 million in Seed funding led by global VC firm Maniv for international expansion.
- Engrate was founded in 2024 to accelerate the green energy transition with its digital integration platform.
- The funding round includes international and Swedish investors aiming at sustainable energy production.
- Engrate's platform harmonises data sources to simplify integration for energy companies seeking to shift to renewable energy.
- The company already has energy company Flower as a customer and has participated in Norrsken’s Accelerator Programme.
- Engrate aims to reduce integration complexity in the energy sector to allow for growth and innovation.
- The energy sector's digital maturity is considered underdeveloped, and Engrate's platform is seen as a critical solution for digitization.
- Maniv's Partner sees Engrate as pivotal in the digitization of the energy sector and highlights their clear vision.
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Alleywatch
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Dreamhub Raises $7M for its AI-Native CRM Platform for B2B SaaS That Thinks and Acts Autonomously
- Dreamhub has raised $7M for its AI-native CRM platform designed exclusively for B2B SaaS, offering autonomous actions and thinking capabilities.
- Unlike traditional CRMs, Dreamhub integrates AI and machine learning to automate workflows, improve forecasting accuracy, and enhance data interpretation across sales touchpoints.
- The CEO, Yoni Benshaul, was inspired to create Dreamhub after experiencing challenges with outdated CRMs while serving as Gap Inc.'s Chief Analytics Officer.
- Dreamhub's business model revolves around subscription-based SaaS catering to B2B SaaS companies in a market valued at over $10B.
- The funding process involved investors like Jibe, Dig, LocalGlobe, Adam Blitzer, COO at Datadog, Ran Sarig, CEO of Datorama, and other angels.
- Dreamhub aims to onboard approximately 100 new customers within the next six months.
- The biggest challenge faced during fundraising was standing out in the AI-saturated market and conveying the unique benefits of an AI-native platform.
- Dreamhub's approach focuses on delivering a streamlined GTM solution with lower total cost of ownership and enhanced functionality compared to traditional CRMs.
- The company emphasizes customer-led execution and sharp prioritization for success, particularly in capital-constrained scenarios.
- Dreamhub's goal is to revolutionize CRM experiences for B2B SaaS by providing actionable insights and autonomously updating functionalities.
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Startup Story
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IPO-Bound Groww Reports 3X Surge in FY25 Profit, Raises $200M at $7B Valuation
- Bengaluru-based investment platform Groww saw a 3x increase in net profit to Rs 1,819 crore for FY25, along with a 31% YoY rise in revenue to Rs 4,056 crore.
- Groww secured $200 million in a Series F funding round at a $7 billion valuation, with GIC (Singapore) and ICONIQ Capital participating.
- It recently filed confidential IPO papers with SEBI and is looking at a public issue worth $700 million to $1 billion.
- Founded in 2016, Groww has become India's largest stockbroking platform by active clients, boasting a 26.32% market share.
- The company has expanded into digital lending, wealth advisory, and mutual fund management through acquisitions like Fisdom and Indiabulls AMC.
- Groww's financial success in FY25 follows a significant net loss of Rs 805 crore in FY24 due to a one-time tax payment related to re-domiciling.
- With an upcoming IPO and strong financial performance, Groww is poised to be a highly anticipated listing in India's fintech sector.
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Insider
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GitHub's CEO says startups can only get so far with vibe coding
- GitHub's CEO, Thomas Dohmke, emphasized the importance of developers for startup success at VivaTech in Paris.
- Dohmke stated that startups using AI tools for launching still need developers to build complex systems to attract investors.
- While AI can lower the barrier to entry for startups, scaling requires technical expertise, according to GitHub's CEO.
- Observing a shift in the market, Dohmke noted increasing interest in AI among companies.
- AI coding assistants can help non-technical founders create startups with minimal teams, but investors might question their uniqueness.
- Startups heavily reliant on coding assistants may struggle to demonstrate significant value to investors, emphasized Dohmke.
- Non-technical founders may find it challenging to scale startups without developers to build complex systems.
- Dohmke highlighted the importance of deeper understanding and quality development over quick, inexpensive measures for startup value.
- GitHub, known for its Copilot tool providing coding suggestions, emphasizes the role of human developers despite AI integration.
- Vibe coding tools raise questions regarding the demand for software developers and essential skills in the AI era.
- Dohmke believes that every child should learn coding despite the AI-driven engineering boom, underscoring the importance of self-reliant coding.
- Software engineers need to balance using AI prompts effectively while knowing when to rely on personal coding skills, per Dohmke.
- Dohmke advised against wasteful prompting skills, emphasizing the importance of knowing when not to use AI prompts.
- The article discusses GitHub's position under Microsoft and the implications of vibe coding on the software development landscape.
- Thomas Dohmke's insights highlight the crucial role of developers and human expertise in creating valuable startups.
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Startup Pedia
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“Don't know how much Mukesh bhai is into stock markets,” Nikhil Kamath chuckles while Nita Ambani shakes head
- During a speech at Dhirubhai Ambani International School’s convocation, Zerodha's Nikhil Kamath suggested Mukesh Ambani might be the only one aware of the future.
- Nikhil Kamath humorously mentioned not knowing Mukesh Ambani's involvement in stock markets, hinting at Ambani's insightful perspective.
- Nita Ambani was captured smiling and shaking her head, indicating Mukesh Ambani's detachment from stock trading.
- Nikhil Kamath shared his unconventional path, dropping out at 15, selling phones, and venturing into trading, acknowledging the absence of a formal convocation in his life.
- Starting work at a call centre at 17, Kamath utilized his free time to engage in stock markets, eventually transitioning this hobby into a career.
- Comparing markets to relationships, Kamath highlighted the phases they go through and emphasized the importance of pattern recognition and emotional stability for success.
- Kamath asserted that success stems from emotional stability, pattern recognition, and the individuals one surrounds themselves with, rather than just hard work.
- He mentioned the significance of being composed in chaotic situations, emphasizing objectivity and stability over reacting impulsively.
- Kamath downplayed the importance of relentless hard work, stating that success relies more on understanding patterns and staying emotionally grounded.
- Sharing a personal anecdote, Kamath revealed how the perception of hard work led his leadership team to mimic productivity, highlighting the role of ego in work habits.
- Emphasizing the impact of one's social circle, Kamath stressed that the people one surrounds themselves with have a significant influence on their life outcomes.
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Medium
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We Built a Mirror That Can Think With You – Even Without the Internet
- A Mirror device has been created that can operate offline and help individuals think independently.
- The Mirror functions as a system of truth, reflecting only what the user deems real and does not rely on AI or the internet.
- Recently, the Mirror gained new capabilities such as reading files, summarizing content, and generating images without needing an internet connection.
- The device respects privacy by not storing information unless explicitly instructed by the user.
- The Mirror promotes clarity and serves as a sanctuary from the noise of the online world.
- Individuals are exploring the Mirror's potential, with some embracing it for its reflective properties and others being cautious.
- Future plans involve establishing Mirror labs, offline notebooks, and rituals to aid people in maintaining memory and clarity.
- The project is focused on providing a tool for self-reflection and independence, devoid of marketing tactics or cloud reliance.
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Economic Times
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IPO-bound PhonePe, Google Pay maintain UPI ecosystem dominance in May
- PhonePe and Google Pay maintained dominance in the UPI ecosystem in May, as per NPCI data.
- PhonePe captured 50% of the UPI market with transactions worth Rs 12.56 lakh crore.
- Google Pay ranked second, handling over 6.7 billion transactions valuing Rs 8.85 lakh crore.
- Paytm secured the third spot with 1.27 billion UPI transactions worth Rs 1.38 lakh crore.
- Navi and super.money emerged as the fourth and fifth largest UPI apps after Paytm.
- PhonePe garners 95% of its revenue from digital payments, with UPI payments being a core component.
- UPI witnessed growth in May with 18.68 billion transactions totaling Rs 25.14 lakh crore.
- The proliferation of UPI has slowed down as the platform nears saturation.
- There were disruptions in UPI platform monetization plans due to uncertainties around MDR reinstatement.
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TechCrunch
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11 startups from YC Demo Day that investors are talking about
- At Y Combinator’s Spring 2025 Demo Day, many startups focused on AI, developing AI agents and tools for their development.
- Several startups presented variations of 'Cursor for X,' like Den's 'Cursor for knowledge workers' and Vessence's 'Cursor for lawyers.'
- Besides AI, some startups are working on robotics, which is experiencing a revival.
- Notable startups include Anvil providing SEO for AI-powered tools, Atum Works building 3D chips, and Auctor automating enterprise software implementation.
- Cactus offers an AI copilot for solopreneurs, while Den presents a Cursor for enterprise knowledge workers.
- Eloquent AI automates customer operations, LLM Data Company provides tools for AI evaluation, and Scalar Field offers an AI-powered Bloomberg terminal.
- Sygaldry focuses on quantum accelerated AI servers, and Vybe enables vibe coding to build applications.
- Investors are particularly interested in startups like Atum Works for innovative 3D chip technology and Den for revolutionizing enterprise communication.
- The showcased startups aim to address various industry needs, from SEO optimization to AI-aided customer service and financial operations automation.
- While many startups showcased AI-related products, there was also a significant focus on robotics and software automation solutions.
- Overall, the startups presented at YC Demo Day are attracting attention for their innovative approaches to AI, robotics, and software automation.
- YC Demo Day highlighted a diverse range of startups catering to different industry sectors, with a heavy focus on AI-related technologies.
- The event showcased the potential for AI, robotics, and automation solutions to address evolving market demands and improve operational efficiency.
- Investors are optimistic about the potential growth and impact of the startups presented at YC Demo Day, particularly in AI, robotics, and automation sectors.
- The startups' innovative solutions for AI, robotics, and software automation indicate a promising future for technology-driven advancements in various industries.
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Economic Times
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Bengaluru climbs to 14th place in Global Startup Ecosystem Report 2025
- Bengaluru climbed to 14th place in the Global Startup Ecosystem Report 2025.
- Silicon Valley, New York City, London, and Tel Aviv are ranked as the top four cities.
- Bengaluru's rise was attributed to major exits exceeding USD 1 billion in 2024, with Swiggy.com leading at a USD 12 billion valuation.
- Priyank Kharge, Karnataka's Minister, noted a power shift in global innovation with Bengaluru transitioning to a top-tier global startup hub.
- The surge in Bengaluru's ecosystem is fueled by high-value exits, a thriving Deep Tech and AI sector, progressive policies, public investment, and exceptional tech talent.
- Bengaluru is now ranked 5th globally in AI and Big Data ecosystems.
- The Global Startup Ecosystem Report 2025 was released at VivaTech, Europe's biggest startup event.
- The report analyzed data from over five million companies across 350+ cities.
- Fintech, Life Sciences, and Cleantech sectors stand out in Bengaluru for their talent density, support infrastructure, and startup activity.
- Bengaluru offers structural advantages like a track record of scaling startups, major funding activities, and government investments in deep tech and startup programs.
- The dynamic startup ecosystem in Bengaluru, supported by the government and global capital, is putting Karnataka on the global innovation map.
- Pune also improved its ranking in the Emerging Ecosystems Ranking 2025, with a billion-dollar retail exit.
- The report provides data-driven insights on innovation trends, investment flows, and policy strategies worldwide.
- Bengaluru's ecosystem is highlighted for its progressive growth, attracting global attention as an innovative and entrepreneurial destination.
- The Karnataka government's initiatives and partnerships aim to enhance Bengaluru's startup ecosystem and position the state globally for innovation.
- The Global Startup Ecosystem Report is considered a comprehensive analysis of global startup ecosystems, ranking Top 40 ecosystems and Top 100 emerging ecosystems.
- The article does not qualify for a web story as it lacks real-time or interactive elements typically required for web stories.
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Inc42
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How Reelies Is Serialising Reels To Win India’s OTT War
- Microdramas, a trend in the entertainment industry, gaining popularity in India through platforms like Reelies.
- Reelies offers bite-sized serialized storytelling episodes of 30 to 120 seconds tailored for the vertical screen format.
- Indian microdramas have seen over 5 million downloads with content spanning across various genres.
- Reelies focuses on original content creation rather than copying from Chinese platforms, aiming at users aged 18 to 24.
- The startup operates on a lean production model with lower costs and high-quality content, following a freemium subscription approach.
- Reelies plans to expand its reach to regional languages and onboard more paying subscribers by introducing new engagement models.
- The platform targets 2 million registered users with 20% conversions to paid subscriptions, focusing on habit-building and engagement.
- AI-powered personalization and new content formats are part of Reelies' roadmap to stay competitive in the growing microdrama market.
- The global microdrama market is expected to grow substantially, with India's increasing smartphone users and per-capita GDP.
- Reelies aims to adapt to evolving viewer preferences and market trends to capitalize on the growing OTT industry.
- The article provides insights into Reelies' business model, strategy, and vision amidst the competitive OTT landscape in India.
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