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TechCrunch
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eBay backs WunderGraph to build an open source GraphQL federation
- eBay-backed startup WunderGraph raises $7.5 million in Series A funding to scale its open source GraphQL federation, with investors including eBay Ventures.
- WunderGraph aims to address API sprawl in the GraphQL ecosystem by offering an open source alternative to GraphQL products like Apollo.
- Founded in 2020, WunderGraph's core team includes CTO Dustin Deus, CEO Jens Neuse, COO Björn Schwenzer, and CCO Stefan Avram, with operations based in the U.S.
- GraphQL optimizes API data retrieval, reducing bandwidth usage and costs while supporting the API economy's shift towards microservices.
- WunderGraph's platform unifies multiple APIs and databases, enabling collaboration and exploration, with a recent focus on open source federation.
- In response to Apollo's license change, WunderGraph introduced Cosmo as an open source alternative for GraphQL federation in late 2023.
- Partnering with eBay, WunderGraph gains design input for building a scalable product, while eBay benefits from an open source GraphQL federation tailored to its needs.
- WunderGraph emphasizes open source as essential for attracting big-name customers and plans to expand its team and offerings with the new funding.
- With a focus on smart collaboration and governance tools, WunderGraph sees open source as the future of API management, catering to enterprises' demands for transparency and control.
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Hitconsultant
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Marit Health Launches Anonymous Salary Sharing Platform to Empower Clinicians
- Marit Health has launched an anonymous salary sharing platform for physicians and advanced practice providers (APPs).
- The platform aims to provide clinicians with free and real-time access to comprehensive compensation information, empowering them to make informed career decisions.
- Marit's community-powered platform collects compensation data directly from clinicians and offers transparency in clinician salaries and benefits.
- The platform has gained traction with over 12,000 members and 7,000 verified salaries contributing to the dataset.
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Inc42
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Beauty 3.0 Brand Antithesis Bags INR 5 Cr In Funding From Rukam, V3 Ventures
- Antithesis, a D2C beauty and personal care brand, has raised INR 5 Cr in its pre-seed round of funding.
- The funds will be used to support growth plans, product innovation, market expansion, and distribution channels.
- Antithesis aims to revolutionize India's beauty and personal care market by simplifying products and routines.
- Rukam Capital adds Antithesis to its consumer brands portfolio as it invests in startups with high growth potential.
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Startup Pedia
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'No Income Now, Looking For Internships': Loom Co-Founder Vinay Hiremath
- Vinay Hiremath, co-founder of Loom, opened up about his life after selling his startup for $975 million.
- Despite the financial windfall, Vinay currently has no income and is actively looking for internships.
- He is studying physics and engaging with younger peers in Discord groups.
- Vinay is considering interning as a mechanical or electrical engineer to explore new fields.
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ISN
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NuVentures introduces $75 million fund to invest in startups with India connect
- NuVentures, an early-stage venture capital firm, has introduced a $75 million fund to support startups with strong India connections.
- The firm will focus on AI, SaaS, and consumer technology startups in India looking at the US market, or US-based startups with engineering teams in India.
- NuVentures will invest in four to five startups annually, ranging from $250,000 to $750,000, and will provide market access and strategic value-adds in addition to capital.
- The firm has expanded its team and will not charge a large management fee, allowing investors to select the startups they want to back.
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Hitconsultant
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Taxo Raises $5M to Build Out Autonomous Systems for Healthcare
- Taxo, an AI-powered healthcare data extraction and reasoning company, has raised $5 million in seed funding.
- The funding, led by Y Combinator, General Catalyst, and Character, will be used to develop Taxo's AI platform and expand its team.
- Taxo aims to address healthcare inefficiencies by automating workflow processes and improving data extraction and reasoning.
- The company's platform is designed to be compliant with HIPAA and SOC2 standards, ensuring data security and privacy.
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SiliconCanals
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What’s in the name: The Ooo factor that sets Ooodles apart in IT procurement
- London-based company Ooodles is reshaping IT procurement for SMEs with a flexible Pay-As-You-Go model.
- Founded by Leonardo Poggiali and Kannan Reghu, Ooodles aims to make IT hassle-free for SMEs.
- The name 'Ooodles' reflects abundance, flexibility, and a sense of freedom in IT procurement.
- The three 'oOo's in the name signify the 'oooh' moment customers experience when realizing the seamless process of IT procurement.
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ISN
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IFC joins Alteria Capital as anchor investor for its shorter duration scheme (SDS)
- Alteria Capital announces IFC as anchor investor for its Shorter Duration Scheme (SDS).
- SDS focuses on short-term liquidity needs of fintech companies, consumer brands, and EV OEMS.
- Alteria's SDS aims to support sustainable business models in underserved segments.
- IFC's partnership with Alteria Capital combines impact investing with market knowledge to accelerate economic growth.
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Alleywatch
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The 11 Largest Global Startup Funding Rounds of February 2025
- February 2025 witnessed a strong resurgence of US-based startups dominating the top positions in the global startup funding rounds.
- 9 out of the 11 largest funded companies are headquartered in the United States, showcasing a shift in recent trends favoring US startups.
- AI sector maintained its funding momentum, with six companies focused on artificial intelligence technologies securing significant investments.
- Apart from AI, manufacturing and security sectors saw notable capital inflows towards companies developing physical technology solutions.
- US-based startups lead the funding landscape, with only two non-US companies, StackAdapt from Toronto and Krutrim from Bangalore, making it to the top list.
- Artificial intelligence continued to be the dominant investment theme, with AI-focused startups capturing around 60% of the total funding in February 2025.
- Startups like Harvey, Together AI, and Abridge leveraged generative AI across various sectors such as legal services and healthcare, emphasizing investors' confidence in AI's transformative potential.
- Interest in hardware and physical technology solutions saw a resurgence, with companies like Lambda, Apptronik, and Saronic receiving substantial funding for tangible product development.
- Remarkable growth trajectories were observed, with startups like Saronic securing massive funding rounds despite being relatively young, reflecting investors' optimism in their potential.
- The diverse representation of industries from legal tech to maritime security in the funding rounds points to a broader technological transformation impacting multiple sectors simultaneously.
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Inc42
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Cross Border Financial Solutions Platform Abound Bags $14 Mn
- Cross border financial solutions platform Abound has raised $14 Mn in a seed funding round led by NEAR Foundation.
- The startup plans to use the funding to enhance its product offerings, technological infrastructure, and workforce, as well as expand its headcount in product and engineering.
- Abound aims to be a financial super app for the Indian diaspora in the US, offering money transfers, cashback, and rewards on everyday transactions.
- The company claims to have processed $150 Mn in remittances, witnessed 50% MoM revenue growth, and served over 500,000 users.
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Inc42
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Jio Financial Services Bolsters NBFC Arm With INR 1,000 Cr Infusion
- Jio Financial Services (JFS) has infused INR 1,000.24 Cr in its NBFC arm Jio Finance Limited (JFL) to expand its offerings.
- JFS has subscribed to and been allotted equity shares of JFL in the funding round.
- The funds will be used by JFL to finance its business operations.
- JFL provides home loans, home loan balance transfer, and loans against mutual funds among other services.
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Inc42
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NCLT Orders Status Quo On Shareholding Of Aakash
- The National Company Law Tribunal (NCLT) has ordered a status quo on the shareholding of Aakash Institute.
- The order is in response to a plea filed by the resolution professional of BYJU’S.
- Aakash Institute is looking to amend its articles of association (AoA) for fundraise, but the process has been stuck in a legal limbo.
- The next hearing on the matter is scheduled for April 30.
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Inc42
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OneStack Bags $2 Mn To Boost Digital Capabilities Of Co-operative Banks
- Mumbai-based fintech platform OneStack has raised $2 Mn in a Series A funding round led by Pentathlon Ventures.
- The startup plans to expand into southern and eastern India, targeting an additional 200 banks to achieve a pan-India market share of 20%.
- OneStack aims to deploy its core banking system solution such as unified payment interface (UPI) and enable Bharat Bill Payment System (BBPS) for various services in the country.
- Founded in 2019, OneStack offers core banking solutions to rural cooperative banks and helps integrate other financial services, such as insurance and investments, into their offerings.
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ISN
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Luke Coutinho-founded You Care Lifestyle hires CEO and CSO
- You Care Lifestyle (YCL), co-founded by Luke Coutinho and Narendra Firodia, has hired Abidali Dantrelia as CEO and Mugdha Parolia as CSO.
- YCL is an independent verification platform that ensures transparency in the wellness sector through third-party certification.
- Abidali Dantrelia brings 18 years of experience and will focus on scaling YCL's credibility marker, the YCL Stamp.
- Mugdha Parolia, with 14 years of experience, will lead strategic partnerships and strengthen consumer trust through evidence-based content.
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Yourstory
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Govt to launch Sahkar Taxi to challenge private cab-hailing apps
- The Indian government plans to launch 'Sahkar Taxi', a cooperative-run ride-hailing app to challenge private cab-hailing apps.
- The initiative aims to implement a structure where the profits from the service will go to the drivers themselves.
- This move comes as Ola and Uber face criticism over differential pricing, and the Central Consumer Protection Authority issued notices to both companies earlier this year.
- The Telangana Gig and Platform Workers’ Union has supported the Sahkar Taxi initiative, stating that it would ensure fair earnings for drivers and eliminate intermediaries.
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