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Startup News
Economic Times
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ID please? MeitY verifies identity verification startups
- The Indian Ministry of Electronics and IT (MeitY) is scrutinizing startups like Surepass, Digitap, Zoop, and Signzy for potential unauthorized access to Aadhaar, PAN, and GST databases.
- Access to some of these companies’ websites has been restricted by MeitY through certain telecom networks as authorities investigate their use of authorized service providers.
- The government is evaluating the routes taken by these startups to offer identity verification services typically used for fraud detection and client authentication.
- These startups work with financial and consumer service firms to verify businesses or consumers and the National Payments Corporation of India is cracking down on unauthorized access to databases.
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Medium
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How I Started Making Money Online (and How You Can Too)
- The author shares their journey of starting to make money online without a significant investment or technical background.
- They started by creating a blog to document their progress and learnings in making money online, trying various methods like affiliate marketing and content creation.
- Key takeaways for making money online shared by the author include the importance of affiliate marketing, creating valuable content, and not overthinking the process.
- The author encourages readers to start their own online journey and offers guidance and resources on their blog for those interested in blogging, affiliate marketing, and earning money online.
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Medium
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Fund Momentum — Fresh Funds Ready to Deploy #16
- Michael Schneider, a serial founder and VC scout, runs a fundraising consultancy called Seedraisr.
- He supports early-stage startup founders and emerging VC fund managers, sharing insights in his biweekly newsletter.
- The latest edition features 26 VC & PE funds raised in late May & early June 2025.
- For more details on the funds and to subscribe for full articles, visit the provided link.
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Kotaku
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The Next Call Of Duty Is Black Ops 7
- The next main entry in the Call of Duty series is announced as Black Ops 7, described as a direct sequel to Black Ops 6.
- The game is set in the year 2035, following the events of Black Ops 2 and Black Ops 6, featuring cutting-edge technology in a world on the brink of chaos.
- Black Ops 7 will include a co-op campaign, near-future weaponry, and a new round-based Zombies map, developed by Treyarch and Raven.
- The game will be available on multiple platforms including PlayStation 4, Xbox One, Xbox Series X/S, PC, PS5, and Game Pass. More details to come in a bigger reveal later this summer.
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Startup Pedia
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"Travelling is so much convenient!” Zerodha founders' mother lauds Bengaluru Metro’s women-only coach
- Revathi Kamath, mother of Zerodha founders Nikhil and Nithin Kamath, recently praised the comfort of the women-only coach in Bengaluru Metro on Instagram.
- In her Instagram post, she highlighted the convenience of traveling in the female compartment and shared her positive experience.
- Revathi Kamath's post received widespread appreciation online, with many celebrating her perspective on practicality and privilege co-existing.
- She is known for her work as an environmental activist, veena player, and her organization's efforts in social welfare, healthcare, education, and environmental conservation.
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ISN
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Indian startups raised over $219 million from June 02 to June 07, 2025; Udaan tops the list
- Indian startups raised over $219 million from June 02 to June 07, 2025, with Udaan leading the pack.
- Diverse sectors like Fashion, B2B, Fintech, Traveltech, and others attracted investments during this period.
- High-value deals included Udaan raising $114 million, SNITCH raising $40 million, and other startups collectively raising $34.4 million.
- Moreover, emerging startups in various sectors like Fintech, Furniture, Sportstech, Personal Care, Climatetech, and others secured funding during this period.
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20VC
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20VC Newsletter - 8th June 2025
- Varun Mohan, Co-Founder & CEO @ Windsurf, shared insights on pivoting, great ideas, and startup speed.
- Windsurf emphasizes the importance of understanding the reason for existence and constantly iterating for product-market fit.
- The company values great ideas, even if their initial versions are flawed, focusing on creating a magical experience.
- Coordination, leadership, and execution are essential, highlighting the significance of team efforts in building successful companies.
- Startups leverage existential dread to outpace giants by maintaining speed in development and iterating quickly.
- The competition among tech companies like Windsurf, Lovable, and Bolt centers around agents, infrastructure, and user experience.
- With unlimited resources, Windsurf would invest in numerous bets despite the possibility of failures.
- Cursor's emphasis on UI taught Windsurf the value of combining great user experience with robust infrastructure for success.
- Insights from Rory O'Driscoll, Jason Lemkin, and Sam Lessin highlighted challenges in multi-stage investments and the importance of selling and buying skillsets.
- The impact of AI on traditional businesses turning into capital-intensive operations was discussed.
- Public company investors were likened to aggressive VCs, putting pressure on growth and spending strategies.
- Matthew Pohlson, Co-Founder & CEO @ Omaze, shared experiences on the company's mission, impact, and success in philanthropic endeavors.
- Omaze's unique model combines charity fundraising with profitable business strategies.
- Ryan Reynolds played a significant role in Omaze's successful campaigns, highlighting the impact of collaborations with influential figures.
- Omaze's focus on storytelling and emotional connection transformed their charity campaigns, emphasizing meaningful narratives.
- Their key metric was the meaningful impact created rather than revenue or entry numbers.
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Medium
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AI Code Assistants: The Undercover Ally All Developers Should Have in 2025
- Code generation has evolved with startups like Cursor and Windsurf gaining billion-dollar valuations.
- AI code assistants are becoming common, helping with suggestions, bug identification, refactoring, and more.
- Popular AI code assistant tools include GitHub Copilot, Tabnine, Cursor, Qodo, Replit Ghostwriter, Amazon CodeWhisperer, and others.
- AI is automating bug fixing, code refactoring, full-app generation, and offering significant productivity gains for developers.
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Economic Times
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Mohandas Pai flags lack of domestic capital for Indian startups, calls for policy overhaul
- Mohandas Pai highlights the lack of domestic capital hindering Indian startups and urges for policy reforms and R&D investments to strengthen the ecosystem
- Despite India being the world's third-largest startup hub, Pai warns that the country may fall behind in global innovation if challenges like inadequate capital are not addressed
- Compared to China and the US, Indian startups receive a significantly lower amount of local investment, with most funding coming from overseas sources
- Pai suggests regulatory changes to enable local insurance companies to invest in startups, increase government's fund-of-funds programme, and boost R&D funding in universities to drive innovation
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Startup Pedia
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How the Founder of Veeba Who Turned a Failed Restaurant Business Into a FMCG Brand that Clocked ₹1,000 Cr in Revenue
- Veeba, a successful FMCG brand in India, traces its origins to founder Viraj Bahl's journey from a failed restaurant business to a thriving sauce empire.
- Viraj Bahl, an ex-Merchant Navy officer, ventured into the food business after the family's acquisition by a multinational company, leading him to start Veeba in 2013.
- After facing setbacks with his restaurant chain 'Pocketful,' Viraj learned crucial entrepreneurial lessons in cash flow management and sustainable growth.
- Identifying a lack of quality sauces in the market, Veeba was born from Viraj's passion for creating products akin to global standards.
- Veeba's meticulous manufacturing approach, including a personal factory setup, emphasized quality control and attention to detail.
- Securing a deal with Domino's Pizza marked a significant milestone for Veeba, leading to subsequent partnerships with major food chains like KFC and Burger King.
- Veeba's strategic retail entry focused on unique, international flavors like Caesar dressing and Southwest Chipotle, setting it apart in a competitive market.
- By prioritizing distribution networks and emphasizing quality over flashy marketing, Veeba expanded to over 100,000 retail outlets in India.
- Veeba's disciplined approach to capital management and focus on profitability have driven its growth, leading to annual revenues surpassing ₹1,000 crores.
- Lessons from Veeba's journey highlight the importance of sales validation, quality maintenance, in-house manufacturing, and building consumer trust for future FMCG startups.
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Inc42
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New-Age Tech Stocks’ M-Cap Surges $5 Bn, FirstCry & Eternal Gain Big
- The Indian equity market saw a strong rally following a repo rate cut by RBI, leading new-age tech stocks to add over $5 Bn in market cap.
- Nineteen out of 33 new-age tech stocks gained this week, with Menhood parent Macobs Technologies showing no movement.
- FirstCry's shares rallied the most, gaining 18.73% and boosting its market cap from $2.1 Bn to $2.5 Bn.
- Dronetech companies like ideaForge and DroneAcharya also saw notable increases this week.
- Paytm, Nykaa, ixigo, BlackBuck, Ather Energy, and MobiKwik were among the gainers in the market.
- Yudiz Solutions recorded the biggest loss, while Ola Electric faced bearish investor sentiment.
- In the broader market, Sensex gained 0.9% and Nifty 50 gained over 1% by the end of the week.
- The market reacted positively to the RBI's rate cut, strong US jobs data, and other favorable indicators.
- Flipkart offloaded its stake in BlackBuck, and Swiggy and Eternal witnessed gains on positive brokerage reports.
- Morgan Stanley revised price targets for Swiggy and Eternal, projecting positive growth in the food delivery and quick commerce sectors.
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Inc42
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Image Credit: Inc42
Flipkart’s NBFC Booster Shot
- Flipkart has obtained an NBFC license, marking a significant step in its fintech ambitions and becoming the first ecommerce marketplace in India to do so.
- The NBFC arm will allow Flipkart to offer loans to its marketplace users and expand into lending for digital lending apps beyond its platform.
- Amid regulatory compliance requirements, Flipkart's NBFC plans include providing loans on the Flipkart app and super.money app.
- The NBFC license enables Flipkart to offer new credit products, insurance, and financial services directly, increasing revenue potential.
- Flipkart's data advantage from running a retail marketplace with insights into user behavior will be leveraged for financial services offerings.
- The NBFC license unlocks opportunities for Flipkart to offer auto loans, financing to sellers, and various targeted financial products across categories.
- The move by Flipkart may lead to other digital platforms exploring the NBFC route to enhance revenue and offer diverse financial services.
- Amazon India is also expected to acquire an NBFC license, intensifying the rivalry with Flipkart in the fintech space.
- The Indian market is witnessing a trend where tech platforms and marketplaces are venturing into financial services through NBFC setups.
- Startup funding in India shows positive momentum with a notable increase in investments in sectors like ecommerce and fintech.
- Key developments such as PhonePe's acquisition of Gupshup's technology and WazirX's incorporation in Panama highlight the dynamic landscape of Indian startups.
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Medium
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Top 5 Mistakes Startups Make When Building Their First MVP
- Start with a simple version of your product to confirm market fit before adding extra features.
- Use strategies like videos, landing pages, or prototypes to test demand before investing heavily in development.
- Choose scalable technologies and frameworks for initial development to avoid costly rewrites as your user base grows.
- Iterate based on user feedback to improve user experience and increase conversion rates.
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Inc42
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NCLAT Quashes BYJU’S Appeal In Aakash Shareholding Dispute
- NCLAT dismisses BYJU’S appeal challenging interim order on Aakash shareholding dispute.
- Interim NCLT order deemed consensual and interlocutory, unfit for appellate review.
- Decision upholds NCLT order maintaining Aakash's shareholding structure.
- Legal saga continues with disputes over Aakash's ownership and management control.
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23 Likes
Inc42
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Can Myntra Dominate Singapore Streets With Desi Styles?
- Myntra made its first international move by launching operations in Singapore under 'Myntra Global', targeting the Indian diaspora of around 6.5 Lakh people.
- While Myntra aims to tap into Singapore's market, the competition from established brands like Shopee and Zalora presents challenges in brand recognition.
- Industry experts believe Singapore-based shoppers are selective and seek great deals, making Myntra's entry complex.
- Myntra sees Singapore as an opportunity to test Indian fashion beyond borders, focusing on desi styles and engaging over 100 Indian brands.
- The platform has launched with 35,000+ styles in Singapore, capitalizing on cultural occasions like festivals and weddings.
- Myntra's Singapore launch is viewed as a strategic test run, potentially paving the way for expansion into other Southeast Asian markets in the future.
- Challenges for Myntra in Singapore include logistics complexities, return management, and understanding the diverse consumer preferences.
- Myntra's expansion offers Indian D2C brands the opportunity to engage with global consumers and optimize their product mix for cross-border demand.
- However, the asset-light model adopted by Myntra in Singapore could lead to longer delivery times, higher logistics costs, and customer dissatisfaction.
- While Myntra's global play is bold, sustaining expansion in Singapore may prove challenging due to high shipping costs, lack of local infrastructure, and divided diaspora cultures.
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