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Startup News
Inc42
2w
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ideaForge Slips Into The Red, Posts INR 13.7 Cr Loss In Q2
- Drone manufacturer ideaForge reported a net loss of INR 13.7 Cr in Q2, compared to a net profit of INR 89.20 Lakh in the same period last year.
- Operating revenue increased by about 56.52% to INR 37.1 Cr in Q2, but declined about 57% from the previous quarter.
- ideaForge also reported an EBITDA loss of INR 10 Cr in Q2 FY25, compared to an EBITDA of INR 7 Cr in the previous year.
- Despite the loss, ideaForge CEO remains optimistic, citing the company's initiatives including new patents and paid PoCs for Drone-as-a-Service (DaaS) for enterprise customers.
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ISN
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127
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B2B unicorn Udaan raises Rs 300 crore debt funding from leading investors
- B2B e-commerce platform Udaan has raised approximately Rs 300 crore in debt funding from investors including Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital.
- The funding will help Udaan consolidate its market presence and execute strategic growth initiatives.
- Udaan plans to expand its market reach through a Micro-Market strategy, targeting smaller regional markets to grow its network of small and medium-sized businesses (SMBs) across India.
- The funding will also support Udaan's efforts to optimize operations, improve delivery, and enhance profitability, with reported progress towards achieving sustainable growth.
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Medium
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Quitting to Start
- The author always loved starting and building new things from scratch, and coming from a background of not having much, she had to be resourceful and figure things out on her own.
- After leaving her software development agency, she went on to help at her family's car dealership and quickly learned and loved the business.
- However, even though the job paid well, she was working 24/7/365 for someone else and it took a toll on her. She yearned to put that same level of attention into her own business, Sideline Design.
- Without a solid plan, the author knew she needed to leave eventually but had a fire inside her to do her own thing.
- When she finally quit and was told she would never make as much money as she did there and that this was as good as it would get for her, it only fueled her even more.
- The author is now pursuing her passion for entrepreneurship and encourages others to do the same.
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Medium
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213
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“Success in business starts with a single step. Take it! ♂️”
- Taking the first step towards business success is the commitment to change and embrace new opportunities that bring you closer to your goals.
- Successful entrepreneurs took small actions that led to massive success in the future.
- Common fears that entrepreneurs come across while initiating new businesses include the fear of failure, rejection, and the unknown.
- To overcome these fears, entrepreneurs can strategize by beginning small, visualizing success, and finding accountability partners.
- Choosing the right first step by starting with your strengths, setting micro-goals, and aligning it with your long-term vision is critical.
- After taking the first step, developing a robust business plan, adapting to change, and avoiding overextending efforts are crucial for continued success.
- Setting long-term goals, building a support network, continuous learning and growth, and embracing experimentation and innovation can lead to the path of success.
- The article explores inspiring real-life stories of successful entrepreneurs like Jeff Bezos, Sara Blakely, and Elon Musk who took small actions that led to monumental success.
- Success in business requires taking a single, often simple step towards change, with a clear vision, goal, and plan.
- Each step forward brings one closer to their goals, and entrepreneurs must embrace risk, adapt to change, and strive for continued learning and innovation.
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Medium
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239
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Steps to Improve Decision-Making in Business.
- Entrepreneurs can't afford to make wrong decisions.
- Great decision-making doesn't have to be a mystery.
- Practical steps to make smarter, quicker, and less stressful choices.
- Pinpointing the exact problem to be solved is crucial.
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14 Likes
Medium
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222
Conversion Rate Lows: Turning High Traffic into Real Results
- Low conversion rates can indicate that high traffic is not translating into desired results.
- To improve conversion rates, a re-evaluation of targeting, offering clear value propositions, tuning user experience, and personalizing the experience is recommended.
- Optimizing CTAs, building trust with social proof, and implementing A/B testing can also help improve conversion rates.
- Understanding your audience, collecting relevant data, and staying curious are key to achieving stellar conversion rates.
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AllTopStartups
2w
252
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5 Ways Startups Are Revolutionizing Public Safety
- Startups are coming up with innovative solutions to address public safety concerns.
- Emergency response apps provide one-touch emergency alerts to notify authorities during life-threatening situations.
- Smart wearable devices detect emergencies and send distress signals along with GPS location tracking.
- AI-powered surveillance systems use machine learning algorithms to detect potential threats and alert authorities.
- Crowdsourced safety solutions empowers users to report hazards and share safety information in real-time to foster community collaboration.
- IoT devices and systems provide real-time data to authorities and citizens for informed decision-making and efficient resource allocation during emergencies.
- Smart traffic lights are part of smart safety networks that adjust based on real-time data, improving response times for emergency vehicles.
- Crowd-sourced data and AI-powered surveillance can help authorities anticipate issues and prevent crime from escalating.
- These innovative technologies promise to create safer environment for individuals and communities.
- The commitment of startups towards public safety enhancement with continuous innovation is remarkable.
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Npengage
2w
283
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Preparing for the Inevitable: How Grantmakers Can Thrive Amid Climate Events
- Climate events are no longer a once-in-a-generation occurrence.
- To effectively support the community during a climate event, it is crucial that your organization remains operational.
- Use cloud-based digital processes to ensure operations run smoothly and flexibly.
- Partner with organizations to provide overlapping support, enhancing your effectiveness during a crisis.
- Ensure that you have a plan for short-term internet outages.
- Define clear policies regarding employee roles, especially for those who might help with on-the-ground cleanup efforts.
- Disaster recovery is a long-term process.
- Support local organizations that can quickly get funds to the communities you serve.
- Preparation is key to mitigating the impact of future climate events.
- Encourage your team to engage with educational resources to learn about building disaster-resistant cities.
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Inc42
2w
78
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BluSmart Appoints Rupa Devi Singh As Independent Director
- EV fleet major BluSmart has appointed Rupa Devi Singh as an independent director.
- BluSmart's board now has two independent directors, Singh and Inderpreet Singh Wadhwa.
- Singh brings 15 years of experience in banking and infrastructure advisory.
- BluSmart aims to increase its fleet size to 10,000 EVs by the end of this year.
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Startup Pedia
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Kunal Kamra Starts a Fresh Row with Ola Electric's Bhavish Aggarwal
- Standup comedian Kunal Kamra starts a fresh row with Ola Electric's Bhavish Aggarwal.
- Kamra reaches out to Union Minister Nitin Gadkari, asking for government intervention in the poor condition of Ola scooters.
- Kamra humorously announces his 'unofficial' offer to work with Ola Electric, highlighting the numerous customer complaints he is being tagged in.
- Kamra proposes action plans for Ola Electric including a 7-day repair commitment and compensation for delays.
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AllTopStartups
2w
200
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Office Equipment For Startups: Balancing Cost And Functionality
- Choosing the right office equipment is a challenge for startups balancing cost and functionality.
- Start with essential items like computers, desks, chairs, and internet connection, and prioritize based on necessity.
- Consider investing in multifunctional office devices to save space and reduce costs.
- Opt for cloud software solutions that are scalable and cost-effective.
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Getfullyfunded
2w
300
Image Credit: Getfullyfunded
Here’s Why YOU Should Plan a Tournament for Your Next Fundraiser!
- Fundraising can be a challenging process and choosing the right activity to center your fundraiser around can be a bit tricky. Tournaments inspire customization to your needs and preferences while also being easy to organize. Golf and pickleball tournaments have seen a lot of success for fundraisers. Golf tournaments partner well with fundraising efforts as golfers typically have disposable income they can spend towards a good cause. Pickleball is growing in popularity and presents a unique opportunity for charitable organizations to capitalize on the sport’s momentum.
- There are many tournament types you can organize for your fundraiser event, some popular ones include golf, pickleball, and cornhole tournaments. Single-person teams are best suited for golf events while pickleball and cornhole events work best with small teams. Trivia tournaments are a good replacement for sports activities for those who might be less inclined to participate in athletics.
- Set-up and structure must be examined and chosen for your tournament. Single and double elimination set-ups may be used as well as multilevel and Round Robin structures. When planning the tournament, consider influencing points such as the number of teams attending, highly skilled teams being part of the event, players who may be traveling, and how much playing time can be offered.
- Proper planning will result in a higher revenue. When planning, define your target audience, post frequently on social media to create awareness about the event, secure your sponsors, increase your profits via silent actions, raffles, and merchandise sales, and set up your event website. Auctria can help you create a customizable website for your event. Unique events such as cornhole tournaments, trivia tournaments, and walkathons can be organized to help generate profits for your cause.
- Tournaments are a great way to tap into people’s natural competitive spirit and with a little planning, you can maximize the profits for your cause. If you’re struggling to come up with the right tournament for your organization, Get Fully Funded can help you out. Auctria is an organizing engine to make running events and auction fundraisers easier. They help you stay on top of the details so you can focus on raising more funds.
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Inc42
2w
156
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BharatPe Rolls Out New App For Investment Offerings
- Fintech major BharatPe has launched a new app, Invest BharatPe, consolidating its investment offerings.
- The app includes digital gold as the first product, allowing consumers to buy 24K digital gold for as low as INR 100.
- BharatPe plans to add more investment products to the app in the coming weeks, including its rebranded P2P lending product.
- BharatPe's consolidated revenue from operations grew 39% to INR 1,426 Cr in FY24, while EBITDA loss declined 75%.
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Inc42
2w
283
Image Credit: Inc42
12 New-Age Investment Platforms Fuelling India’s Digital Gold Rush
- India's gold rush is not subsiding yet with the breaching of the INR 80K mark per 10 gm, and the rise of digital platforms disrupted the market just with stocks and mutual funds.
- Fintech companies are looking to tap the gold rush, offering gold ETFs, fractional ownership, and allowing gold investments for as low as INR 1.
- PhonePe, Paytm and Google Pay have built gold marketplaces connecting buyers to multiple platforms, while Jar and Gullak are offering differentiated gold investment offerings.
- DigiGold, Airtel Payments Bank's gold investment platform, operates like any other digital gold investment platform and allows customers to make trades through the Airtel app.
- Dvara Smart Gold is part of Dvara Venture studio and allows customers to invest in gold through innovative gold micro-savings plans.
- Jupiter Money is a neobanking and investments platform that allows savings account customers to invest in digital gold assets.
- Plus Gold provides a platform for making investments in gold through systematic investment plans and one-time transactions.
- Ruptok Fintech provides disbursal for loans against gold jewellery with digital gold collateral, while Spare8 enables users to invest in gold by rounding up spare change from everyday purchases.
- Yellow Metal offers gold loans to rural people within 30 minutes and allows investment in digital gold with as little as INR 1.
- Gold providing Digital investment platforms make it easier for investors to invest in gold without the hassles of storage, insurance, or purity concerns.
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Eu-Startups
2w
122
Cologne-based Vamo secures over €7 million to help customers save billions in heating
- Cologne-based startup Vamo has raised over €7 million in an oversubscribed seed extension round
- The funds will be used to establish Vamo as a leading brand in green heating, scale its partner network, and develop its digital service offering
- Vamo helps customers switch to a modern heat pump system quickly and efficiently, optimizing energy consumption and reducing CO2 emissions
- The company's innovative approach has led to rapid growth and expansion across Germany
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