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Startup News
VIE Stories
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Swapnil Jain, Co-Founder of Ather Energy - All You Need to Know
- Ather Energy is an Indian company that manufactures electric two-wheelers.
- It was founded in 2013 by Tarun Mehta and Swapnil Jain.
- Swapnil Jain is the Co-Founder and Chief Technology Officer of Ather Energy.
- Ather Energy produces electric scooters such as Ather 450X and Ather 450 Plus.
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VIE Stories
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Aretto Brings World’s First Expanding Shoes To Shark tank India
- Aretto, a brand specializing in children's shoes, brought the world's first expanding shoes to Shark Tank India.
- Satyajit Mittal is the CEO and founder of Aretto, headquartered in Pune, Maharashtra.
- Aretto's patented technology allows their shoes to organically grow up to three sizes to fit children's feet.
- During their pitch on Shark Tank India, Aretto sought Rs. 80 lakhs for 1% equity, valuing the company at Rs. 80 crore.
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Inc42
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BiteSpeed Nets $3.5 Mn To Expand AI Offerings For Ecom Players
- BiteSpeed, an AI-driven ecommerce startup, has secured $3.5 Mn in Pre-Series A funding.
- The funding round was led by Peak XV Partner's accelerator programme Surge, with participation from other investors.
- BiteSpeed plans to use the funds for expansion in marketing, sales, and technical areas.
- The startup aims to grow its overseas presence in North America, Europe, the Middle East, and Southeast Asia.
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Economic Times
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Expecting very solid growth for next 3-5 years: Swiggy CEO Sriharsha Majety
- Food delivery and quick-commerce major Swiggy expects solid growth in the next 3-5 years.
- Swiggy plans to expand its geographical footprint and stores network for its Instamart business.
- The company's IPO got fully subscribed and it made a strong debut on the stock exchanges.
- Swiggy CEO Sriharsha Majety stated that the company will continue to invest in various categories.
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ISN
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Zomato Welcomes Swiggy On Dalal Street; Swiggy Terms Duo As 'Jai & Veeru'
- Bengaluru-based Swiggy listed on Indian stock exchanges with a premium.
- Zomato welcomes Swiggy with a warm tweet, invoking a popular movie reference.
- Netizens react positively, applauding the camaraderie between the two rival brands.
- Despite successful IPO, Swiggy trails behind Zomato in key metrics according to research.
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Yourstory
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Zomato CEO congratulates Swiggy on stock market listing
- Zomato CEO Deepinder Goyal congratulated rival Swiggy on its stock market debut.
- Swiggy shares got listed at a premium of nearly 8% on the NSE.
- Swiggy's IPO got fully subscribed with 3.59 times subscription.
- Swiggy honored its delivery partners during the stock market debut, symbolizing their vital role in the company's success.
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Eu-Startups
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Amsterdam-based Sympower raises €21.3 million to foster renewable energy integration
- Amsterdam-based Sympower has raised €21.3 million in a funding round led by A&G Energy Transition Tech Fund.
- The investment will support Sympower's mission to enhance grid stability and foster renewable energy integration in Europe.
- Sympower operates as a demand-side flexibility aggregator, providing solutions to stabilize grids and integrate renewable energy sources.
- The funding will also be used to incorporate battery energy storage systems and expand capabilities for industrial companies and renewable energy producers.
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Economic Times
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InShorts posts flat revenue in FY24, net loss falls 26% to Rs 228 crore
- Online news aggregator InShorts reported flat year-on-year revenue growth during FY24, while managing to narrow its losses.
- The company posted Rs 181 crore in operating revenue for the fiscal 2024 — nearly as much as it did in FY23.
- Its net loss fell 26% on year to Rs 228 crore, thanks to reduced advertising and promotional expenses.
- InShorts' finance costs increased to Rs 82 crore during FY24, while long-term borrowings stood at Rs 842 crore.
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9 Likes
Inc42
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GoKwik Boosts Leadership Team With New Product Executive
- Ecommerce enablement platform GoKwik has appointed Swiggy's senior executive Sharad Gupta as senior director of products.
- Gupta will lead GoKwik's custom checkout vertical, focusing on enhancing and scaling solutions for shoppers across diverse ecommerce platforms.
- GoKwik offers AI-powered solutions to improve conversion rates and reduce return-to-origin rates in ecommerce businesses.
- The company has acquired Shopify's 'Shop Direct' app and plans to expand into Latin America, GCC countries, Indonesia, Europe, and the US.
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Inc42
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Physics Wallah’s School Of Startups Unveils Second Aarambh Cohort
- Physics Wallah’s initiative ‘PW School of Startups’ has unveiled the second cohort of its Aarambh programme focused on entrepreneurs.
- The company opened applications for its second cohort from Tuesday next week.
- The PW SOS offers a platform for entrepreneurs to access cost-effective ideation programmes, practical training, mentorship, and capital raising opportunities.
- Physics Wallah entered the unicorn club in 2022 and offers live courses for JEE and NEET.
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Yourstory
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Nazara and ONDC launch "gCommerce" for in-game monetisation with ecommerce integration
- Gaming and sports media platform Nazara has partnered with ONDC to launch 'gCommerce' - an in-game monetization platform integrating ecommerce into games.
- The platform aims to address low in-app purchase conversion rates and limited ad revenue for Indian game developers.
- Developers will earn a commission on successful transactions initiated by players within the game environment.
- gCommerce is currently in the soft launch phase, with a broader rollout expected in Q1 of FY26.
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Inc42
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1k
Image Credit: Inc42
Nykaa Ropes In Former CARS24 Executive As Business Head For Fashion
- Nykaa has appointed Abhijeet Dabas, former CARS24 executive, as the executive vice president and business head for its fashion segment
- Nykaa reported a 66.3% increase in consolidated net profit for FY25 Q2
- Dabas will focus on boosting online growth, expanding global footprint, and building strategic partnerships
- Nykaa CEO Falguni Nayar expects Dabas to drive growth strategy and strengthen market position
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Dev
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Certified Protection Professional – Enhancing Security Standards with Consultancy Veritas
- Certified Protection Professionals (CPPs) provide trusted solutions for industries, ensuring compliance and enhanced safety.
- Certification in protection services demonstrates dedication to maintaining high security standards.
- Benefits of hiring CPPs include comprehensive threat assessment, enhanced risk management, compliance assurance, and crisis management expertise.
- Consultancy Veritas employs CPPs and offers tailored security solutions, unmatched expertise, and a client-centric approach.
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Eu-Startups
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Munich-based Hula Earth raises €1.6 million aiming to scale biodiversity monitoring for global industries
- Munich-based startup Hula Earth has raised €1.6 million in pre-seed funding to expand its biodiversity monitoring platform.
- The platform combines smart sensors and satellite data integration to track environmental impact, improve biodiversity management, and enable informed sustainability decisions.
- The funding round was led by Point Nine Capital and also received support from Climate Founders, Partners in Clime, and other notable entrepreneurs.
- Hula Earth aims to support industries such as food production, cosmetics, and infrastructure in becoming nature-positive.
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Insider
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Ark's Cathie Wood changed Wall Street. Now, she's set her sights on venture capital.
- Cathie Wood's Ark Venture Fund has gathered close to $70 million in assets, allowing retail investors to invest in high-growth startups.
- The fund has invested in hot Silicon Valley deals like Figure, xAI, and OpenAI, with Elon Musk's SpaceX being its largest holding.
- Ark's approach to venture capital includes original research, relationships with potential customers, and a flexible structure that allows investors to enter and exit periodically.
- Despite lagging behind the S&P 500, Ark Venture Fund aims to attract more investors and potentially grow into a billion-dollar fund.
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