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Startup Pedia
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‘Call Me Fugitive, Not Chor’,” says Vijay Mallya in Raj Shamani podcast
- Vijay Mallya denies allegations of theft and apologizes for the failure of Kingfisher Airlines in a podcast with Raj Shamani.
- Mallya claims to have valid reasons for not returning to India and expresses willingness to return if assured of a fair trial and dignified existence.
- Mallya acknowledges being called a fugitive but questions being labeled as a 'thief', citing reasons for not returning post-March 2016.
- Mallya reveals making settlement offers to banks post the collapse of Kingfisher Airlines, which were refused, and denies borrowing money from State Bank of India.
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ISN
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'Don't ghost your employer once you get salary': Founder on employees quitting after salaries credited on 1st
- Kiran Shah, founder of Shark Tank India-featured ice cream brand Go Zero, criticizes employees quitting after receiving salary on the 1st.
- Shah shifted salary disbursals from 10th to 1st in December 2023 to ease financial pressure but some employees misused this policy by quitting immediately after payday.
- Despite the inconvenience caused by such exits, Shah will not revert the salary processing date. He emphasizes the importance of open communication and addressing concerns professionally.
- Shah urges employees to speak up if unhappy and not ghost their employer after receiving salary, highlighting the impact on company operations and individual growth.
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Inc42
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From Snitch To Stable Money — Indian Startups Raised $134 Mn This Week
- The Indian startup ecosystem witnessed a 45% uptick as startups raised $134.4 Mn across 16 deals in the first week of June, with funding mainly in ecommerce and fintech sectors.
- Key funding rounds included Snitch raising $40 Mn in a Series B round, Udaan securing $39 Mn in Series G, and Stable Money raising $20 Mn in a Series B round.
- Other notable fundings were received by startups like LoanTap, GyanDhan, and Plush in the fintech and ecommerce spaces.
- Healthtech startup Biopeak secured $3.5 Mn in seed funding, while Decentro, a fintech SaaS startup, raised the same amount in a Series B round.
- Startup IPO developments included Lenskart preparing for a $1 Bn IPO, Moneyview's $400 Mn IPO, and Aequs pre-filing IPO papers to raise $200 Mn.
- Groww announced its Series F funding of $202.3 Mn, while Nazara acquired Smaaash for INR 126 Cr and Zaggle planned to acquire Dice Enterprises for INR 123 Cr.
- Pepperfry is set to raise $5 Mn from existing investors like General Electric and Goldman Sachs to support its growth and expansion.
- The funding activity in the Indian startup ecosystem showcased variations with Udaan, Snitch, and fintech startups leading the capital infusion trends.
- This week saw a significant rise in seed stage fundings, with seven startups raising $7.7 Mn, compared to $3.2 Mn in the previous week.
- Overall, the funding landscape in India's startup sector saw a mix of fintech, ecommerce, and healthtech startups attracting investments, signaling recovery and growth.
- The volatility in funding trends and IPO developments highlighted the resilience and adaptability of Indian startups amidst changing market conditions.
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Startup Pedia
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Zomato launches EV Rental Fleet for delivery partners in Delhi
- Zomato has launched an Electric Vehicle (EV) rental bike fleet in Delhi for its delivery partners.
- The pilot phase includes 300 EV bikes to promote the benefits of using EVs for deliveries over traditional ICE bikes.
- Zomato aims for 100% EV-based food deliveries by 2030 and Net Zero emissions by 2033.
- This initiative aligns with Zomato's 2030 sustainability goals and supports the Government's plan to make Delhi the EV Capital of India.
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TechCrunch
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Meet the Finalists: VivaTech’s 5 Most Visionary Startups of 2025
- VivaTech's Innovation of the Year attracted an impressive pool of visionary startups with bold solutions for global challenges.
- The five finalists for VivaTech 2025 have innovative offerings ranging from generative physics to non-invasive geothermal panels and automated cancer diagnostics.
- These startups will present their solutions at the VivaTech Innovation of the Year Final event, where a winner will be announced with TechCrunch's Jeff Taylor among the expert judges.
- In addition to the main award, VivaTech will also recognize winners in categories like Female Founder Challenge, Africatech Awards, Next Startupper Challenge, and Tech For Change Award.
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Siliconangle
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Thread AI raises $20M for its AI-powered workflow automation platform
- Thread AI Inc., a startup focusing on AI-powered workflow automation, has secured $20 million in funding in a Series A round led by Greycroft.
- The company was founded by former Palantir Technologies Inc. employees Mayada Gonimah and Angela McNeal and offers the Lemma platform for automating complex tasks.
- Lemma uses an open-source technology called Serverless Workflow (SWF) with added features to simplify AI model integration and automate workflows efficiently.
- Thread AI's platform helps customers automate tasks like troubleshooting hardware malfunctions, ingesting various types of data, and enhancing cybersecurity, resulting in up to 70% faster business processes.
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Gritdaily
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A New Age of Mysticism: The Quiet Revival of Occult and Esoteric Schools
- Esoteric schools focusing on ancient wisdom traditions are experiencing a quiet revival worldwide, attracting new students seeking meaning, transformation, and inner mastery.
- Courses at esoteric schools like the Modern Mystery School offer teachings ranging from energy healing to metaphysical laws, providing practitioners with tools for spiritual growth and personal development.
- The resurgence of esoteric schools reflects a societal interest in transcending materialism, amidst climate anxiety, political polarization, and technological overload, with a growing preference for structured systems offering deeper spiritual exploration.
- While the reemergence of these mystical institutions has sparked controversy regarding exclusivity and costs, proponents emphasize the benefits of ancient traditions and the value of self-discovery through symbolic systems, ritual, and inner work.
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Gritdaily
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Software Innovator’s Self-Service Framework Eliminates Traditional Help Desk Model
- Aditya Chandorkar has introduced a self-service framework in IT support that integrates AI and automation to streamline help desk models.
- The framework includes AI-powered virtual agents with predictive analytics, reducing IT support tickets by 40 to 50% for organizations.
- Chandorkar's Common Data Model deployment in large organizations improves data standards, speeding up incident resolution by 40%.
- His work focuses on AI-driven automated solutions for IT service management, aiming to transition businesses towards proactive and efficient IT support systems.
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Gritdaily
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What An America Without Immigrants Looks Like
- The Bracero Program brought over four million Mexican workers into American fields during WWII, highlighting the contradiction of welcoming work but rejecting workers.
- Immigration lawyer Hillary Walsh challenges the system's cruelty towards immigrants, emphasizing their vital contributions to all industries.
- Undocumented immigrants pay over $11 billion in taxes annually, working in essential frontline sectors but facing vulnerability and exploitation.
- The absence of immigrants would have far-reaching consequences, impacting healthcare, education, construction, agriculture, and more.
- Despite challenges, many immigrants persist in believing in America's values, highlighting the need for compassion and integration.
- Immigrants face systemic barriers and trauma, with the immigration debate revolving around identity and belonging in America.
- Immigration laws often overlook dignity, with Walsh advocating for trauma-informed care and building her practice around healing and restoration.
- An America without immigrants would signify a loss of diversity, innovation, storytelling, and the erosion of foundational values.
- Walsh aims to change perceptions of undocumented immigrants as neighbors, parents, workers, and believers in freedom.
- The crucial question is not the consequences of losing immigrants, but rather the impact of denying their integral role in shaping America.
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Gritdaily
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What Makes Sterling Debt Recovery a Trusted Partner?
- Sterling Debt Recovery helped a recruitment client recover a £90,000 debt from a global firm swiftly and without legal escalation, showcasing their expertise and efficiency in debt recovery services.
- The company's unconventional approach has positioned them as a strategic partner rather than just a debt collector, addressing the shortcomings of traditional debt collection methods.
- Sterling focuses on listening better and utilizing data precision and operational transparency, under the leadership of CEO Harry Virdee, to ensure optimal outcomes for clients.
- Their unique operational model combines human insight with technological augmentation, offering bespoke strategies, real-time reporting, and tailored debt resolution pathways.
- With a commendable client retention rate of over 90% in the past 18 years and 99% in the last 30 months, Sterling has proven its commitment to effective debt recovery and client satisfaction.
- The company leverages its Poland-based operations to access a highly skilled and multilingual workforce, enabling them to handle complex international debt recovery cases with ease.
- Sterling's ethical standards, which emphasize negotiation over confrontation and prohibit harassment tactics, provide a risk-mitigating strategy for clients in an increasingly regulated environment.
- By investing in technology, including AI-driven systems, and emphasizing the importance of human connection, Sterling is innovating and earning trust in the debt recovery industry.
- While known for debt recovery, Sterling also offers outsourcing services such as financial back-office support and customer experience solutions, showcasing their diverse expertise.
- Integrity and effectiveness are at the core of Sterling Debt Recovery's success, proving that ethical practices and positive results can coexist harmoniously in the business world.
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TechCrunch
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AI startups continue fueling San Francisco’s office recovery
- Five AI-focused startups, four backed by Y Combinator, recently leased 23,900 square feet at San Francisco's Waterfront Plaza complex.
- AI firms are one of the few sectors expanding in San Francisco, leasing 1.6 million square feet last year and now occupying a total of 5 million square feet.
- CBRE projects potential growth to 21 million square feet for AI startups within five years, which could significantly reduce the city's current 35.8% vacancy rate and create thousands of jobs.
- Waterfront Plaza, a 442,000 square feet campus in San Francisco, has experienced tenant shifts with economic trends and previously hosted WeWork among its occupants.
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Insider
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Diabetes startup Omada Health finally went public after 14 years. Here's who made bank.
- Omada Health, a chronic care company, just went public on the Nasdaq at a $1.1 billion valuation after 14 years of its founding.
- Its shares rose by over 38% above the initial price, indicating a successful public market debut.
- The IPO marked the second digital health IPO of the year, following Hinge Health's IPO in May.
- Omada Health saw its stock price open at $23 per share and jump to as high as $28.40 on the first trading day.
- The company initially gained recognition for its virtual care for prediabetes and diabetes management.
- Omada's business has expanded to include weight care, attracting clients interested in metabolic health management.
- Major investors like Revelation Partners, US Venture Partners, Andreessen Horowitz, Fidelity, Cigna Ventures, aMoon Fund, and Norwest Venture Partners saw significant returns post-IPO.
- CEO Sean Duffy's stake in the company is worth around $46 million, while president Wei-Li Shao's stake is valued at approximately $13 million.
- Omada's CFO, board members, and other executives also saw substantial gains from the IPO, with stakes ranging from $5.3 million to $380,000.
- The public debut marked a notable milestone for Omada Health and its stakeholders, showcasing the company's growth and investor confidence.
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Medium
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Innovation Is Not Invention
- Innovation is not about invention but about making something better to meet existing needs.
- Real innovation is a result of persistent listening, noticing what isn't working, and improving existing solutions.
- Innovation is not a sudden brilliant idea but a process of fitting and removing friction from existing solutions.
- To innovate, one must deeply understand the job that needs to be done and design a better way to fulfill that job.
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Massivelyop
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Helldivers 2 studio Arrowhead has apparently had a chunk of its ownership bought up by Tencent
- Tencent has acquired a 16% stake in Arrowhead Game Studios, the developers of co-op shooter Helldivers 2, for $86 million back in July 2024.
- The recent valuation of Arrowhead Game Studios is around $532 million with an operating profit of $76 million.
- This acquisition may lead to an expansion of Helldivers 2's reach in China, according to the studio's Chief Creative Officer, Johan Pilestedt.
- Tencent's continued investments in various game studios indicate the ongoing consolidation of the gaming industry under one large entity.
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Medium
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Why Generalists May Win the Future
- Specialization used to be the key to success, but in today's rapidly changing world, generalists are gaining strength by being able to shift perspective more easily and notice patterns others miss.
- In unpredictable environments, depth can become a blind spot, keeping individuals focused on what they know rather than adapting to change.
- Generalists excel at interdisciplinary problem-solving by connecting ideas across different fields, solving problems by borrowing methods from one domain to another.
- Renaissance culture valued interdisciplinary fluency and innovation through curiosity crossing boundaries, showcasing the strength of generalists.
- In modern times, the return of the Renaissance person signifies someone who thrives in ambiguity, moves across boundaries, and combines ideas from various disciplines.
- Knowledge is no longer the bottleneck; interpretation and the ability to frame problems clearly and ask the right questions are becoming more valuable.
- High-leverage individuals excel at orchestrating context and seeing the bigger picture, rather than just technical execution in a world where AI takes care of tasks like writing code and analyzing data.
- The future may shift towards valuing those who can ask the right questions and navigate complexity, rather than just those with deep domain knowledge.
- Building range deliberately, practicing switching lenses, and exploring fields outside of one's expertise are crucial in adapting to a world where problems require diverse perspectives and solutions.
- The ability to ask the right questions may prove more valuable than having the right answers in solving complex problems that transcend traditional boundaries.
- Embracing a generalist mindset and cultivating curiosity can help individuals navigate an ever-evolving world and make meaningful contributions by seeing the interconnectedness of knowledge and ideas.
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