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Startup News
Inc42
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Can Berrylush Become The Go-To Fast Fashion Brand For India’s Gen Z?
- Berrylush, a direct-to-consumer fashion brand, aims to provide trendy, high-quality clothing at affordable prices in India.
- The brand focuses on making contemporary global fashion accessible to modern Indian women.
- Berrylush eliminates middlemen, maintains in-house manufacturing, and follows an agile production model.
- The company has expanded its digital presence and scaled its production capacity, with future plans for international expansion.
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Inc42
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283
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Firefly Diamonds Nets $3 Mn To Sell Lab-Grown Diamond Jewellery
- Lab-grown diamond jewellery brand Firefly Diamonds has raised $3 Mn (around INR 25 Cr) in a seed funding round led by WestBridge Capital.
- The Mumbai-based startup plans to use the fresh capital to accelerate its retail expansion, strengthen digital presence and launch new collections.
- Firefly Diamonds is an omnichannel brand that sells lab-grown diamond jewellery via its website as well as retail stores in Mumbai, Pune, Bengaluru and Hyderabad.
- The Indian lab-grown diamond jewellery market is projected to become a $1 Bn market opportunity by 2033.
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Inc42
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243
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How Eggoz Is Revolutionising India’s $8 Bn Egg Market
- Eggoz is revolutionising India's $8 Bn egg market by offering fresh, hygienic, and nutrient-rich eggs through a farm-to-consumer model.
- Eggoz has built a vertically integrated supply chain, working directly with poultry farmers to ensure high-quality eggs that meet safety and hygiene standards.
- The brand has rapidly scaled its presence across India, both online and offline, dominating North India and Bengaluru and expanding into other major cities.
- Eggoz aims to cross INR 100 Cr in revenue in FY25 and become a market leader in fresh eggs and protein-based snacks in the coming years.
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Yourstory
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181
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Building workflows for AI agents; RevX Capital’s micro fund strategy
- The Indian software market is projected to reach $100 billion by 2035, largely driven by AI-led developments.
- AI agents, like Otter, are revolutionizing meetings by providing quick assistance and boosting productivity.
- Researchers found that ChatGPT 'power users' are becoming dependent on the chatbot.
- Google is also exploring AI with ChatGPT as changes unfold at the search engine giant.
- BluSmart, an EV ride-hailing company, is facing top-level exits amid funding troubles.
- Freshworks founder Girish Mathrubootham advises SaaS companies to adapt to AI-driven workflows.
- RevX Capital's micro fund strategy aims to bridge the financing gap for mid-sized businesses in India.
- Rassense uses AI and IoT to operate a profitable food service business with clients like Maruti Suzuki and L&T.
- Apple avoids a fine from the EU over browser options compliance, while Shell plans to boost LNG sales.
- Tesla sees a decline in sales in Europe as it misses out on the continent's EV market upswing.
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Yourstory
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354
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Financial agility in D2C: Why brands must rethink their capital strategy for long-term success
- The direct-to-consumer (D2C) landscape in India is set to reach $60 billion by 2027, driven by a 38% annual growth rate.
- D2C brands face financial challenges due to aggressive pricing, hefty initial outlays, and marketing expenses.
- To overcome financial hurdles, D2C brands are increasingly turning to revenue-based financing (RBF) models.
- RBF offers quick access to debt funds, aligns repayments with revenue flows, and allows founders to maintain control of their companies.
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Economic Times
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Window and door maker GreenFortune raises $4.5 million in round led by Germany-based fund Foundamental
- GreenFortune, a windows and doors manufacturer, has raised $4.5 million in a funding round led by Germany-based fund Foundamental.
- The funds will be used to support expansion, increase production, and build its tech platform PartnerGate into a full-stack solution.
- The startup operates with a business-to-business (B2B) model, supplying raw materials to fabricators, and a business-to-consumer (B2C) model, directly serving end customers.
- The company aims to achieve Rs 250 crore annual revenue run rate (ARR) within the next two years and plans to expand across South India before moving into other regions.
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Gritdaily
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301
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An In-Depth Interview with Patrick Delehanty: Building Businesses and Solving Problems
- Patrick Delehanty, an entrepreneur with businesses like Delco Holdings and Express Redi Mix, shares insights on problem-solving and business sustainability in an interview.
- He emphasizes the importance of calculated risk-taking in business growth and navigating challenges.
- Delehanty points out the misconception of overnight success in entrepreneurship and the need for patience and resilience.
- He views failure as a learning opportunity and stresses the importance of adapting and moving forward.
- Mentorship plays a significant role in Delehanty's journey, both seeking guidance himself and mentoring others.
- An unconventional skill he values in business is pattern recognition for spotting opportunities and trends.
- Delehanty highlights the significance of strategy, timing, and relationships in addition to having a great product for business success.
- Consistent execution of fundamentals is underrated but crucial for long-term business success according to Delehanty.
- He advises on when to expand a business, emphasizing the need for a sustainable core, a reliable team, and market demand.
- Delegating tasks and working on the business, not just in it, was transformative in Delehanty's approach to scaling his businesses.
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Gritdaily
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186
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How to Navigate the Complexities of Inheriting a Business
- Inheriting a business involves navigating legal, financial, and operational intricacies, requiring careful planning and execution.
- Key challenges include probate delays, succession planning, and tax considerations, with the need for strategic management of financial obligations.
- Accessing inheritance funds is crucial to maintaining business operations, paying off debts, and investing in growth opportunities.
- Inheriting a business may involve existing liabilities, such as loans and unpaid bills, which need to be carefully reviewed with legal advice.
- Inheritance advances can provide financial relief during probate delays, offering flexibility in fund usage for business needs.
- Steps for handling a business inheritance include understanding the probate process, evaluating the business, securing professional assistance, and communicating with stakeholders.
- Developing a long-term management plan and staying organized are crucial for the successful transition and continued growth of the inherited business.
- Effective management of inherited businesses involves assessing market trends, creating succession plans, and maintaining financial stability.
- Clear communication with stakeholders and having a solid vision for the business's future are essential for navigating the complexities of a business inheritance.
- Preparation, informed decision-making, and utilizing resources are key to setting up an inherited business for long-term success.
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Dev
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57
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🧱 UI Component Libraries Are Broken — Here’s What I’m Doing About It
- UI component libraries often feel impractical for everyday developers, leading to the creation of Elementrix-UI to address these issues.
- Popular UI libraries like MUI, Chakra UI, Ant Design, and Tailwind UI have strengths and limitations tailored to specific contexts.
- Most existing libraries are restricted to certain stacks and workflows, posing challenges for diverse projects in today's development landscape.
- Elementrix-UI, built on StencilJS, focuses on speed, customization, ease of use, and scalability across different frameworks.
- It offers TypeScript support, CSS theming with variables, and follows the Atomic Design methodology for component scalability.
- Elementrix-UI is designed to be framework-agnostic and community-driven, allowing for flexibility and growth beyond specific technologies.
- By utilizing Web Components, Elementrix-UI ensures compatibility across various frameworks without needing major rewrites.
- Developed by a solo dev with community input, Elementrix-UI aims to address actual developer needs and provide a cleaner UI development experience.
- It promises a fast, customizable, and framework-agnostic approach to building UI systems, catering to indie developers and larger teams.
- Elementrix-UI MVP is under development, and community support is encouraged through Patreon for ongoing updates and feedback.
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Gritdaily
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376
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BruntWork Offers Specialized Outsourcing Solutions as Grove Collaborative Prepares for Shopify
- Grove Collaborative plans to transfer its ecommerce platform to Shopify to enhance website functions, simplify operations, and increase profits.
- BruntWork offers specialized outsourcing solutions to support Grove Collaborative in the ecommerce transition, helping with tasks like customer service and order management.
- Outsourcing certain tasks can reduce costs, improve efficiency, and maintain service quality during transitions, as companies often experience disruptions and increased operational expenses.
- By outsourcing to BruntWork, Grove Collaborative can focus on essential operations, such as accuracy, new features, and sustainability efforts, while handling customer inquiries and product transfers smoothly.
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Inc42
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333
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Zypp Electric Trims 10% Workforce Over ‘Performance’ Issues
- IPO-bound electric mobility startup Zypp Electric has laid off nearly 10% of its workforce.
- The layoffs were part of a 'rationalisation' exercise to drive efficiency, sustainable growth, and profitability.
- Zypp plans to achieve EBITDA profitability before its public listing and has introduced a 'loss-of-pay policy' for team leads.
- Zypp Electric operates a fleet of over 22,000 electric scooters and competes with companies like MoEving, Baaz Bikes, and Yulu.
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Yourstory
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186
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Weight Loss in India Just Received a New Cheat Code!
- Eli Lilly's Mounjaro (tirzepatide) has officially debuted in India as a new weight loss drug.
- Mounjaro is a once-weekly injectable that targets two hormones, GLP-1 and GIP, to manage blood sugar levels and curb cravings.
- The cost of Mounjaro in India is around ₹3,500 for a 2.5 mg vial and ₹4,375 for a 5 mg vial.
- While Mounjaro offers a promising avenue for weight management, it's important to integrate it with a balanced diet and exercise.
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Pymnts
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199
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AI Startups: Ex-Cruise CEO’s Robot Startup Valued at $2 Billion With No Product
- Former Cruise CEO Kyle Vogt's new robotics startup, The Bot Company, has raised $150 million to develop AI software and hardware for humanoid robots, valuing the company at $2 billion.
- The Bot Company, co-founded by Paril Jain and Luke Holoubek, aims to create robots capable of doing household tasks using advanced AI technology.
- In Silicon Valley, companies like Google, Meta, Nvidia, Tesla, and various AI startups are investing in developing humanoid robots for diverse applications.
- Lila Sciences, focusing on building a scientific superintelligence platform, secured $200 million in seed funding to pioneer AI-driven autonomous labs.
- Lila Sciences plans to use generative AI and autonomous science units to enhance experimentation across fields like life, chemical, and materials sciences.
- Carbon Arc raised $56 million to establish a data exchange for AI model training, addressing the challenge of accessing structured data for AI advancement.
- Carbon Arc's platform aims to transform raw data into structured formats to facilitate the utilization of data by AI models and businesses.
- Flock Safety, a crime-fighting startup, raised $275 million to provide safety solutions for municipalities using license plate readers, AI-powered cameras, and drones.
- Flock Safety's technology has assisted law enforcement agencies and businesses in combating crimes like homicides, assaults, human trafficking, and organized retail crime.
- The funding for Flock Safety will be utilized to enhance data intelligence, develop U.S.-made drones, and build an interoperable safety ecosystem.
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Inc42
4w
35
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Centre Proposes Repealing 6% ‘Google Tax’ On Digital Ads
- Finance Minister Nirmala Sitharaman has proposed to remove the 6% equalisation levy on online advertisements.
- The proposed changes will come into effect on April 1, and the levy removal was approved by the Lok Sabha.
- The equalisation levy, also known as the 'Google Tax', was introduced in 2016 to tax payments made by Indian businesses to foreign companies for digital advertising services.
- The move to repeal the tax is seen as a response to avoid conflict with the US and strengthen India's ongoing trade talks with the country.
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Inc42
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323
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Why Fintechs Are At War With Juspay
- After PhonePe, Razorpay, and Cashfree, Paytm has decided to discontinue integrations with payment orchestration platform Juspay, opting for direct integration with merchants instead.
- Juspay believes the disassociation with payment gateways will not impact its revenue since it primarily earns from merchants as a technology service provider.
- The exodus of payment gateways from Juspay began after it obtained a payment aggregator license, launching its service HyperPG, causing concern among fintechs about potential customer poaching.
- Juspay's routing engine offers rule-based and dynamic gateway ordering, with most merchants utilizing rule-based ordering to control traffic based on business priorities.
- Fintechs choose direct integration with merchants to retain control over the payment process and offer end-to-end services, like Razorpay's Optimizer and Cashfree's Flowise.
- Despite the conflict, Juspay remains a dominant player in payment orchestration, processing a large volume of transactions daily and playing a key role in BHIM's development.
- Juspay's financials show a decrease in net loss and a significant increase in operating revenue, with a focus on achieving adjusted EBITDA profitability in the current financial year.
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