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Gritdaily
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Real Estate Experts Share How to Avoid Cunning Con Artists in the Investing World
- Real estate investing offers both financial opportunities and risks, with the potential for tremendous wealth or significant losses.
- Understanding legal, financial, and technical aspects of real estate investments is crucial for success.
- Be cautious of shady sellers who may misrepresent properties, leading to unexpected issues and liabilities.
- Ruthless buyers can take advantage by manipulating deal terms or using time pressure tactics to negotiate lower sale prices.
- Mortgage lending for real estate investing can be complex, with specialized loans and private lenders offering aggressive terms.
- Unethical lenders may exploit borrowers through unfair terms, upfront fees, and lack of oversight, potentially leading to financial distress.
- Partnerships in real estate can turn sour, with experienced individuals exploiting novice investors for personal gain.
- Vetting partners, documenting agreements, and staying vigilant are crucial to avoid scams and disputes in real estate investments.
- Learning from experiences of being scammed can lead to improved skills and a better understanding of the real estate industry.
- To succeed in real estate investing, experts emphasize the importance of doing thorough research, trusting intuition, and verifying all information.
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Gritdaily
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It’s Time for Canada to Launch, Literally: The Window Isn’t Open Long
- Canada's lack of domestic space launch capabilities is a pressing issue, impacting its sovereignty and innovation potential in the growing global space economy.
- NordSpace's Canadian Space Launch Conference aimed to rally leaders towards establishing a sovereign launch capability for Canada.
- The urgent need for a rapid transition from concept to launch is highlighted as a critical factor for success in the aerospace industry.
- Canada's traditional aerospace supply chain faces challenges in speed and iteration, hindering competitiveness and innovation.
- The call for Canada to embrace high-velocity iteration and establish national launch capabilities to bolster its aerospace sector is emphasized.
- Empowering builders over bureaucracy and making sovereignty a top priority are crucial steps in positioning Canada as a spacefaring nation.
- NordSpace's Spaceport Canada in Newfoundland aims to be the first operational Canadian spaceport, marking a historic milestone for the nation.
- The article stresses the importance of sustained momentum and commitment to the mission of establishing Canada as a global space leader.
- With the upcoming launch event at Spaceport Canada, there is a sense of optimism and opportunity for Canada to make significant strides in the space industry.
- Acting promptly and decisively is emphasized as crucial for Canada to seize the opportunity to lead in space exploration.
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TechCrunch
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Rippling calls Deel ‘a criminal syndicate’ and claims 4 other competitors were spied on, too
- Rippling has filed an amended complaint accusing Deel of targeting and compromising four other competitors, alleging corporate espionage.
- The amended lawsuit implicates Deel's CEO as the mastermind behind the actions and suggests criminal implications.
- Rippling is suing Deel under federal racketeering statutes and other laws, naming key Deel executives in the lawsuit.
- Both Rippling and Deel are engaged in a legal battle with counter-allegations, including claims of espionage and trade secret misappropriation.
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ISN
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Lendingkart Finance posts Rs 288 crore loss in FY25
- Lendingkart Finance, the NBFC arm of Temasek-backed Lendingkart Group, reported a pre-tax loss of Rs 396 crore for FY25.
- Net loss for Lendingkart Finance was Rs 288.3 crore due to shrinking revenues and increased loan loss provisions.
- The company breached a bond condition requiring profitability, seeking a waiver from bondholders for breaching the covenant.
- The company's financial deterioration reflects broader challenges in the fintech and NBFC lending sector, with declining credit disbursals and weakened asset quality.
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ISN
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Cyberattack wipes out KiranaPro’s servers, app code and sensitive data
- KiranaPro, a quick commerce platform integrated with the ONDC, faced a severe cyberattack that wiped out its servers and critical data, disrupting its operations.
- The attack, occurring between May 24 and 25, targeted KiranaPro's AWS and GitHub accounts, resulting in the deletion of essential information like app code, user data, and virtual machines.
- Despite using multi-factor authentication, the hackers accessed the startup's root-level credentials, possibly initiated through a former employee's account.
- The startup, which aims to revolutionize India's kirana stores through technological integration, is now grappling with the aftermath of the breach and pursuing legal action against ex-employees involved while collaborating with GitHub's support team for further investigation.
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SiliconCanals
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What’s in a name: How a Finnish word shaped this startup’s fight for cognitive clarity in radiology
- Cardiovascular diseases (CVDs) are the leading cause of death globally, with an estimated 17.9 million lives lost annually.
- 80% of these deaths are preventable through early detection and treatment, where AIATELLA, with its AIM technology, plays a crucial role in automating measurements in cardiovascular radiology.
- AIATELLA's name originates from the Finnish word 'Ajatella,' meaning 'to think,' reflecting the aim to preserve and support radiologists' critical thinking skills in healthcare.
- The company emphasizes the importance of focusing on product development over obsessing about the name in the initial stages, highlighting the significance of building first.
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23 Likes
Inc42
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BYJU’S Riju Ravindran Asks NCLT To Eject US Lenders From Insolvency Case
- Riju Ravindran, brother of BYJU'S co-founder Byju Raveendran, has requested the NCLT to remove GLAS Trust from the Committee of Creditors (CoC) in an insolvency case.
- Ravindran has accused US-based lender GLAS Trust of fraudulent representation as a financial creditor and urged NCLT to validate its authority.
- This move follows allegations by Raveendran that lenders, in collaboration with EY, were disrupting the insolvency proceedings of BYJU'S.
- Previously, GLAS Trust had sued BYJU'S in the US, resulting in a conviction for embezzlement and a financial penalty against Raveendran.
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Inc42
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PhonePe Appoints Ex-Standard Chartered CEO To Board
- PhonePe appoints former Standard Chartered Bank CEO Zarin Daruwala as an independent director to its board.
- Daruwala, with over 30 years of experience in banking, joined the board ahead of PhonePe's public listing.
- PhonePe aims for a valuation of around $15 billion in its upcoming IPO, maintaining strong UPI market leadership.
- Despite being a loss-making entity, PhonePe reported emerging profitable (excluding ESOP costs) in FY24 and a significant increase in operating revenue.
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TechCrunch
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Anduril raises $2.5B at $30.5B valuation led by Founders Fund
- Anduril, a defense tech startup, raised $2.5 billion at a $30.5 billion valuation led by Founders Fund.
- Founders Fund invested $1 billion in this new round, which is the largest check the firm has ever written.
- Anduril's Series G raise saw over 8x oversubscription, indicating high investor demand for the company.
- The funding was raised after Anduril doubled its revenue to $1 billion and secured the U.S. Army contract for new AR/VR headsets for soldiers.
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Startupcan
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Celebrating Pride 2025: Spotlighting Canadian 2SLGBTQIA+ Entrepreneurs
- Startup Canada is celebrating Pride Month in June 2025 by amplifying 2SLGBTQIA+ voices through a special Startup Podcast takeover and the relaunch of a curated 2SLGBTQIA+ Entrepreneurship Resource Guide.
- The Entrepreneurship Resource Guide, developed with CGLCC and presented by Wealthy Unicorn, provides tools, templates, and content for 2SLGBTQIA+ entrepreneurs to address funding access and bias challenges in business.
- The Pride Podcast Takeover features 2SLGBTQIA+ founders, leaders, and changemakers sharing stories about their work in health care, fashion, archives, fundraising, and more throughout the month.
- Episodes include discussions with individuals such as Dr. Caley Shukalek, Rae Hill, Raegan Swanson, Elizabeth Murphy, and Dr. Colum Connolly, highlighting their missions and contributions to the community.
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Insider
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The Googlers behind NotebookLM are launching their own AI audio startup. Here's a sneak peek.
- The key people behind Google's viral AI podcasting app NotebookLM have launched a new startup called Huxe, which recently unveiled its first product, a personalized AI audio service.
- Huxe's daily audio briefing aims to personalize content for users, enabling them to keep up with their emails, calendar, and headlines through audio format.
- Huxe's founders left Google in December to move faster in building their concept outside the tech giant, emphasizing the effectiveness of audio in delivering information.
- Huxe faces competition from tech giants like Google and OpenAI, but the founders emphasize the importance of focusing on innovation and creativity in an environment of rapidly evolving AI technology.
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Startup Pedia
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Majority of states want 50% share in tax revenue from Centre: Finance Commission chairman Arvind Panagariya
- A majority of 28 states want an increase in tax revenue distribution between the Centre and states to 50 percent, according to Finance Commission chairman Arvind Panagariya.
- States currently receive 41 percent of tax revenue while the remaining goes to the Centre.
- More than 22 states have recommended the share to be raised to 50 percent, including Uttar Pradesh.
- The 16th Finance Commission of India is tasked with recommending tax revenue distribution and is expected to submit its report by October 31, 2025.
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Eu-Startups
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Spanish startup Voltrac raises €2 million to launch autonomous tractor platform for agriculture and frontline logistics
- Valencia-based DeepTech startup Voltrac has launched an autonomous, electric tractor platform for agriculture and frontline logistics, along with €2 million in funding.
- Voltrac aims to revolutionize the industry by eliminating complex drivetrain in tractors and reducing operational costs by 30% annually.
- The startup focuses on software innovation, automating driving, providing an open platform for third parties, and integrating each tractor into a Reinforcement Learning system for adaptability.
- Voltrac targets the agriculture and defense sectors, aiming to redefine autonomous vehicle capabilities and is planning to scale manufacturing with another financing round later this year.
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21 Likes
Hackernoon
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Why Gen Z Founders Choose Baden Bower for Credibility Over Clicks
- Gen Z founders prefer credibility over clicks, valuing news features over flashy ad campaigns.
- Baden Bower helps clients get placed in trusted publications, enhancing brand reliability and legitimacy.
- Young entrepreneurs recognize the importance of earned media coverage in building trust, with traditional journalism carrying more weight than social media ads.
- Gen Z's preference for authenticity leads them to seek validation through real news features, making logos from major outlets like Forbes more valuable than social media likes.
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Economic Times
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Wealthtech platform Syfe closes $80 million funding round, plans to expand tech team in India
- Singapore-based wealth management platform Syfe has raised $53 million in a funding round led by two UK-based family offices.
- The total funds raised by Syfe in this round amount to $80 million after an initial $27 million raised earlier.
- The startup plans to expand its tech team in India and has already increased its headcount by nearly 15% in Gurugram over the last year.
- Syfe aims to use the raised funds to hire more talent for its technology center in Gurugram and continues to grow its presence in Singapore, Hong Kong, and Australia.
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