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VIE Stories
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Government Funding for Startups in India List
- India is creating a robust ecosystem for startups with government support.
- Government initiatives offer technical support, subsidies, and financial assistance to startups.
- Key government schemes for startups include Atal Innovation Mission, Startup India Seed Fund Scheme, Startup India Initiative, Aatmanirbhar Bharat App Innovation Challenge, and MUDRA Banks.
- These schemes aim to promote innovation, provide funding, and boost job opportunities in the Indian economy.
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Economic Times
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udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita
- eB2B platform, udaan, has raised nearly Rs 300 crore in debt financing from top investors.
- The funds invested are from Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital.
- This debt financing follows a $340 million Series E financing led by M&G Plc and participation from existing equity investors Lightspeed Venture Partners and DST Global.
- The latest funding will provide flexibility for udaan to continue leading the eB2B market, expand its geographical footprint, streamline supply chain processes and enhance GTM capabilities.
- Fund utilization will also be focused on optimizing operations, opening new Micro-fulfilment Centres, and investing in customer service.
- The funds, strategically invested in initiatives that drive sustainable growth, will accelerate buyer adoption, refine the business model and expand the geographical reach of udaan in the eB2B space.
- The company’s core focus will be on operational excellence and long-term profitability, driving productivity, and reducing costs.
- With this debt funding, udaan aims to strengthen its financial position and invest further in key strategic initiatives and achieve market position in the eB2B space.
- Ankit Agrawal, Executive Director, Lighthouse Canton stated that 'We are excited to partner with udaan as they continue to transform the B2B landscape in India and maintain category leadership.'
- Apoorva Sharma, Managing Partner, Stride Ventures, said, 'We are proud to partner with udaan as it scales operations and deepens market presence.'
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Yourstory
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First Cheque to back 20 NextGen brands over 18 months
- First Cheque is planning to invest in 20 NextGen brands over the next 18 months.
- The venture capital firm will provide up to $500,000 in funding for each portfolio company.
- First Cheque aims to partner with founders who challenge norms and create iconic brands.
- The firm has already invested in over 130 startups, including Giva, Seekho, and Rocketlane.
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Yourstory
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Fintech startup slice, North East Small Finance Bank complete merger
- Fintech startup slice and North East Small Finance Bank (NESFB) have completed their merger.
- The merger aims to create a unified banking entity with a comprehensive suite of banking products.
- The deal reflects a growing trend of fintech companies partnering with traditional banks in India.
- The merged entity will focus on strengthening their presence in the Northeast and delivering exceptional customer experience.
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Medium
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Multi-threaded approach to Startup Execution
- A multi-threaded approach to startup execution involves progressing multiple business functions simultaneously.
- Advantages of a multi-threaded approach include agility, speed, and adaptability.
- Linear approach may be suitable for early-stage startups with limited resources.
- Founders should consider multi-threaded execution for quicker growth and risk mitigation.
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Inc42
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Tata’s Neu Looks To Ride The Quick Commerce Wave
- Tata group's ecommerce venture, Neu, is launching 'Neu Flash' in the quick commerce segment.
- Neu Flash will offer groceries, electronics, and fashion products.
- Neu Flash will rely on BigBasket for grocery deliveries, Croma for electronics, and Tata Cliq for fashion.
- Competitors like Blinkit, Swiggy Instamart, and Zepto have already secured a significant market share in the quick commerce industry in India.
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Startupnation
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Best Practices for Running TikTok Ad Campaigns for Your Business
- TikTok has become an essential platform for businesses to reach a vast, diverse audience.
- Creating successful ad campaigns on TikTok requires thorough knowledge of your target audience.
- It is essential to create engaging and authentic content that resonates with your target audience.
- Participate in trending challenges and incorporate popular hashtags to make your content look fresh and relatable.
- Choosing the right TikTok ad format and placement is essential to make your campaign successful.
- Fine-tune your ad’s message and design by running A/B testing and tracking vital metrics.
- Continuous improvement and adjustment of ad formats to align with your objectives is vital to excel on TikTok.
- TikTok's user base over 18 is distributed in age groups ranging from 18 to 24 years to 55 years and older.
- Using TikTok targeting tools, along with research and precision targeting, can create campaigns that align with your target audience.
- Good storytelling wins on TikTok, and it helps connect better with the audience on an emotional level.
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Medium
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Top 5 opportunities for AI startups
- AI software is disrupting the tech landscape with startups leading the charge.
- From agentic automation to robotics & domain-specific AI apps, startups are transforming industries.
- Startups are at the forefront of developing autonomous digital agents that can collaborate with humans in new ways.
- The convergence of AI and robotics is giving rise to a new generation of startups focused on creating intelligent machines.
- Generative AI is enabling startups to build AI-native applications that are disrupting industries.
- Startups focused on deep domain-specific applications can carve out niches & solve real-world problems.
- Data management startups like Datology and Gretel are leading the charge in automating data curation.
- Startups like Norm.ai and Credal.ai are offering solutions for AI data security and compliance.
- Platforms like Patronus.ai and Helicone offer tools to observe and evaluate AI models, ensuring they perform optimally under real-world conditions.
- These startups are transforming industries and creating groundbreaking tools that leverage the latest advancements in generative and agentic AI.
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Medium
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Why Hire Content Writers for Startups?
- Hiring a content writer for startups offers immediate benefits, including establishing a strong online presence and setting the foundation for long-term success.
- A content writer can help in building brand visibility by optimizing content for search engines, resulting in better ranking in search engine results.
- They can effectively communicate your unique selling points to a wider audience through compelling content for social media, websites, and more.
- Regular content campaigns led by a content writer can help maintain consistency, gather customer insights, and understand target audience behavior.
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StartupDaily
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Entries for the Teens in Business awards, celebrating the next generation of entrepreneurs, are open now
- Nominations are now open for the 2024 Teens in Business Awards, celebrating young entrepreneurs across Australia.
- The Awards recognize innovation, resilience, and impact in various categories, with $20,000 in prizes.
- Past winners include students who created successful businesses and received recognition and accolades.
- The Awards also acknowledge entrepreneurial educators and mentors who support youth in their endeavors.
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Inc42
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100
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slice Completes Bank Merger To Boost Presence In NE
- Slice, a fintech unicorn, has completed its merger with North East Small Finance Bank (NESFB) on October 27.
- The merger aims to enhance NESFB's presence in the Northeast region and leverage advanced technology for financial inclusion.
- The merged entity will focus on delivering exceptional customer experience and maintaining robust risk management.
- Slice recently secured approval to raise INR 71.73 Cr through partly paid-up shares.
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VIE Stories
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Yotta launches the Rudra Accelerator Program to Empower Startups
- Yotta Data Services has launched Rudra, an accelerator program to support startups, software development firms, and service providers in scaling their AI projects.
- Rudra offers access to NVIDIA Hopper GPUs and the NVIDIA AI Enterprise software platform through Yotta's Shakti Cloud credits.
- Startups and ISVs can receive up to $50,000 in cloud credits to develop and deploy advanced AI models.
- The Rudra program aims to accelerate AI innovation in India and foster an ecosystem for AI leaders to address local and global challenges effectively.
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StartupDaily
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LaunchVic has up to $1 million in grants to make people better investors
- Victorian government-backed startup authority, LaunchVic, has launched two new grant rounds worth up to $1.5 million.
- The grants aim to support accelerator programs and investor education in the local ecosystem.
- Grants of up to $1.5 million are available for accelerator programs, while a separate grant of up to $1 million is available for an investor education program.
- LaunchVic has previously funded 15 accelerator programs and 200 investors have participated in its investor education programs.
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Medium
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Introducing M&A-market fit
- Product-market fit has become a core concept in gaining customer traction.
- Other fits such as founder-market fit, go-to-market fit, and company-market fit have emerged.
- M&A traction plays a significant role, accounting for about 75% of value provided.
- SaaS companies with ARR between €3-8M often face limitations in attracting strategic buyers.
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Inc42
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10 Quick Commerce Newcomers Aiming To Replicate Blinkit, Zepto Formula
- The three incumbents, Blinkit, Swiggy Instamart, and Zepto, are leading the Indian quick-commerce market.
- The quick commerce market in India has seen a 280% increase in sales over the past two years, resulting in a revenue of over $1 bn in FY24.
- Several newcomers have joined the market, aiming to replicate the success of the incumbents by promising 10-minute deliveries.
- Many companies, including Flipkart and Amazon, are planning to move into the non-grocery category, such as fashion and electronics.
- A comprehensive list of 10 newcomers aiming to achieve the 10-minute quick-commerce formula outside of Blinkit, Instamart, and Zepto has been curated.
- Companies such as BigBasket's BBnow and Flipkart's Minutes are already trying to replicate the 10-minute delivery model.
- Nykaa is testing its 10-minute deliveries in select areas of Mumbai and plans to deliver across several cities soon.
- Ola is reconsidering venturing into quick commerce and plans to set up automated dark stores to speed up deliveries.
- New startups such as Slikk and Swish are offering quick commerce services delivering branded fashion items within 60 minutes and food within 10 to 15 minutes, respectively.
- JioMart, owned by Reliance Retail, piloted instant delivery of groceries and other products in parts of Mumbai and Navi Mumbai.
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