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Startup News
SiliconCanals
1d
179
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Spanish startup Impress secures €110M to expand its orthodontic chain
- Barcelona-based Impress has secured €110M ($117M) in equity and debt funding.
- The round was backed by Trinity Capital, CareCapital, LBO France, and TA Ventures.
- Impress plans to expand its orthodontic chain through 20 new clinics and European market entries by 2025.
- The funding will also be used to provide accessible, medically-driven orthodontic care across Europe.
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Inc42
1d
137
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CAIT Accuses Quick Commerce Players Of Violating FDI Norms
- The Confederation of All India Traders (CAIT) accuses quick commerce players like Blinkit, Swiggy Instamart, and Zepto of violating FDI norms and hurting traditional retailers.
- CAIT alleges that quick commerce platforms maintain exclusive agreements with preferred sellers, use FDI funds for predatory pricing, obscure seller information, and indirectly control inventory.
- These alleged violations by quick commerce players could have severe consequences for small businesses.
- CAIT is known for raising concerns against ecommerce giants like Flipkart and Amazon for similar violations.
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Inc42
1d
527
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BlackBuck Raises INR 501 Cr From Anchor Investors
- Logistics unicorn BlackBuck raised INR 501.33 Cr from anchor investors, ahead of its IPO.
- Top investors include Nomura, Invesco, and SBI.
- The company aims to raise INR 1,114.72 Cr from its IPO, which will close on November 18.
- BlackBuck operates an online B2B marketplace for inter-city truck transportation in India.
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VIE Stories
1d
0
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List of Online Platform Used in Daily Life with Example
- Online platforms have become an essential part of daily life.
- The term “online platform” refers to various services available on the Internet.
- Examples of online platforms used in daily life include social media sites, communication, entertainment, e-commerce, and payment systems.
- Social media sites like Facebook and WhatsApp help people connect with others and work remotely.
- Entertainment platforms like YouTube, Netflix, and TikTok offer a wide range of entertainment options.
- E-commerce platforms like Amazon and websites like Wix have made shopping easy and accessible.
- Content-sharing platforms like YouTube and Instagram help creators show their work and connect with audiences.
- Education and training platforms provide access to educational content and courses for people who want to learn new skills and gain knowledge.
- Online banking and payment apps like PayPal, Google Pay, and Phone Pay are used for transferring money and paying bills online.
- Online platforms such as Google News, YouTube, and Uber keep people updated on current happenings and help in traveling to new places.
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Inc42
1d
271
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Green Frontier Capital Floats INR 1,500 Cr Climate Opportunities Fund
- Green Frontier Capital has launched Green Frontier Capital India Climate Opportunities Fund with a target corpus of INR 1,500 Cr.
- The fund aims to support local climate-tech ventures contributing to India’s sustainable development goals.
- It will focus on investments in decarbonisation, digitisation, and disruptive technologies.
- The fund seeks to back companies aligned with India’s ambitions for sustainable growth.
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Yourstory
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1.9k
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BluSmart reports 77% rise in GMV in first half of FY25
- Electric vehicle ride-hailing platform BluSmart reported a 77% year-over-year increase in GMV to Rs 275 crore in the first half of FY25.
- BluSmart expects a rise in demand during the festive season and projects a 50% increase in total rides and a 60% increase in unique riders.
- The company operates a fleet of over 8,500 EVs in Delhi NCR and Bengaluru and recently expanded to the UAE.
- In July, BluSmart raised $24 million in a pre-Series B funding round to fuel its expansion plans and build EV charging infrastructure.
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Yourstory
1d
2.6k
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Ennoventure bags $8.9M in Series A round led by Tanglin Venture Partners
- Ennoventure, an AI-driven brand protection and authentication solutions provider, has raised $8.9 million in a Series A funding round led by Tanglin Venture Partners.
- The funding round also saw participation from existing investors including Fenice Investment Group and SAFE investors.
- Ennoventure plans to use the capital to expand its global footprint across the USA, UAE, India, and other markets.
- The company utilizes AI and cryptography to offer brand protection and authentication services to industries such as FMCG, automotive, and industrial spare parts.
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SiliconCanals
1d
2.9k
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Swedish fintech unicorn Klarna confidentially files for US IPO: Know more
- Swedish fintech unicorn Klarna has confidentially filed for an IPO with the US SEC.
- The number of shares and price range for the offering have not yet been determined.
- Klarna CEO Sebastian Siemiatkowski expressed a preference for a US listing while exploring options in Europe.
- Klarna is an eCommerce payment solutions platform known for its Buy Now Pay Later products.
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VIE Stories
1d
72
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Climate-tech investment firm GFC launches Climate Opportunities Fund Worth Rs 1,500 Cr
- Green Frontier Capital (GFC) has launched the Green Frontier Capital India Climate Opportunities Fund with a target corpus of Rs 1,500 crore.
- The fund aims to accelerate India's low-carbon transition by investing in game-changing climate technology.
- It will primarily focus on early-stage Indian businesses in Seed to Series A stages, emphasizing solutions in disruptive technologies, digitization, and decarbonization.
- GFC supports startups that prioritize sustainability and aims to deliver significant returns while promoting long-term change.
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Yourstory
1d
275
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Swiggy stock closes 10% higher on bourses
- Swiggy stock closes 10% higher on bourses
- Shares of Swiggy closed 10.48% higher at Rs 464 a piece on NSE on Wednesday.
- Swiggy aims to raise approximately Rs 11,700 crore to invest in its subsidiary Scootsy, reduce company debt, and expand its dark store network.
- Swiggy's IPO was oversubscribed 3.59 times, largely driven by strong demand from qualified institutional buyers (QIBs).
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VIE Stories
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168
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Shark Tank USA Season 15 Episode 05
- Shark Tank USA Season 15, Episode 05 showcased diverse range of startups centered around excitement, fear and spooky season represented by passionate entrepreneurs.
- The Sharks posed tough questions to test the entrepreneurs' business models and push them to defend their visions.
- The Sharks provided invaluable insights and guided the entrepreneurs in refining their strategies and accelerating the growth of their ventures.
- The episode offered a captivating blend of innovative and ghostly business ideas.
- The panel of Sharks include Mark Cuban, Lori Greiner, Kevin O'Leary, Barbara Corcoran and guest judge Jason Blum.
- Thrill Builders designs and creates custom attractions like Escape Rooms, Laser Tag, Haunted Houses, Mini Golf and more.
- I Love Chamoy makes sugar-free, vegan and gluten-free Mexican sauces that are sweet, tangy and spicy.
- Maniac Pumpkin Carvers specializes in pumpkin carving and offers custom designs, portraits and live carving events.
- American Ghost Walks offers ghost tours across the U.S., including locations in California, Hawaii, Illinois, Louisiana, Maine, Minnesota, Puerto Rico and Wisconsin.
- Shark Tank USA Episode 05 of Season 15 was a Halloween special. The show highlights innovative ideas and helps startups grow their customer base and succeed in a competitive market.
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Inc42
1d
294
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Zaggle’s Q2 Profit Jumps 168% YoY To INR 20.3 Cr
- Fintech SaaS company Zaggle reported a 167.67% jump in its Q2 FY25 profit to INR 20.29 Cr, primarily due to a change in product mix.
- Revenue from operations increased by 64.21% to INR 302.55 Cr in Q2 FY25, driven by higher redemption and rise in prepaid cards and credit cards issuance.
- Adjusted EBITDA rose by 35.8% YoY to INR 29.5 Cr in Q2 FY25.
- Zaggle revised its FY25 revenue guidance to expect a 50-55% growth over FY24.
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Eu-Startups
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Paris-based Prelude raises €7.6 million to expand fraud-resistant SMS verification services
- Paris-based startup Prelude has raised €7.6 million in seed funding to expand its fraud-resistant SMS verification services.
- The investment will support Prelude's expansion across Europe and North America and enhance its platform to offer mobile-first onboarding services.
- Prelude addresses SMS verification challenges by reducing costs for clients by an average of 40% through identifying cost-effective routing options.
- The company aims to broaden its services beyond one-time password verification and empower businesses to streamline user verification, onboarding, and engagement.
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TechRound
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206
The History Of ChatGPT: A Timeline Of Events
- OpenAI created AI in 2015 to develop AI that could avoid risks technology brings. The first big break came in 2018 with their very first GPT-1 capable of generating text. Next came the more advanced GPT-2 in 2019, with 1.5 billion parameters and natural human-like responses.
- GPT-3 was released in 2020 with 175 billion parameters and capable of generating deep and natural text. It was a success and was used in customer service and content creation. OpenAI improved GPT-3 into GPT-3.5 so it was better at handling dialogues.
- ChatGPT was developed from GPT-3.5 and was built specifically for conversation, engaging with users on a deeper level. Its appeal started to spread, sharing stories, jokes, and creative experiments on social media.
- Microsoft invested $1 billion into OpenAI as they saw an opportunity to make ChatGPT available on a larger scale. Bing integrated ChatGPT in a more conversational search experience, enabling users to interact directly with ChatGPT for a better search experience.
- OpenAI has been actively working on improving ChatGPT's accuracy and reliability, including improving factual accuracy, preventing ‘jailbreaking’, and releasing GPT-4 for ChatGPT Plus subscribers in 2023.
- Feedback from millions of users has helped OpenAI see where improvements are needed for the updates and tweaks that make ChatGPT a dependable tool.
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Economic Times
1d
306
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SaaS startup Zeplyn raises $3 million from Leo Capital, others
- NY-based SaaS firm, Zeplyn, has raised $3m in a funding round led by Leo Capital.
- Zeplyn's Meeting Assistant, an AI tool for financial advisors and wealth management firms, converts unstructured conversational data into accurate notes.
- The funds will be used for product development, including expanding the platform's offering and range, and moving into larger firms and global markets.
- Zeplyn aims to help wealth management firms streamline their workflows and save time, with its solution simplifying meeting admin tasks from preparation to follow-up.
- The company is currently targeting smaller advisory firms with ten to 20 advisors or smaller teams, but is now looking to expand into higher end brokers in its industry.
- Zeplyn was born in 2020 by former Google engineers, Era and Divam Jain.
- The firm is seeing particular interest in Canada and Australia, and is considering expansion into India.
- Zeplyn's platform has grown since 2020 to include around 250 advisors.
- Leo Capital's cofounder and managing partner said Zeplyn is enabling better outcomes for advisors, wealth management firms and investors.
- Zeplyn founders stated that the funds raised will be used to expand its engineering and product teams, as well as strengthening its sales and marketing efforts.
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