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Startup News
Economic Times
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Healthify raises $20 million in round led by Khosla Ventures, LeapFrog Investments
- Health and wellness startup, Healthify has raised $20m in a round led by Khosla Ventures and LeapFrog Investments.
- Currently, the company offers services such as nutrition tracking as well as fitness coaching.
- The funds will help the company grow its presence, particularly in the US, and upgrade its AI capabilities.
- The round included participation from Claypond Capital, the family office of Manipal Group chairman Ranjan Pai.
- The firm has a conversational AI coach, Ria as well as a photo-based nutrition tracker, Snap and coach copilot.
- According to the co-founder and CEO Tushar Vashisht, almost 50% subscribers in India are AI subscribers.
- The firm claims to have around 40 million users and expects to become earnings before interest, taxes, depreciation and amortisation positive by the end of FY25.
- The company intends to focus on making its India business cash flow-positive by the end of this fiscal year.
- Healthify raised a total of $125m in primary equity to date and is looking to expand its B2B operations.
- The company's B2B clients include Amazon, Micro Labs and Accenture.
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Startupnation
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Image Credit: Startupnation
Harnessing AI To Safeguard Your Financial Data
- Safeguarding financial data has become a top priority for businesses in the digital age.
- Artificial intelligence (AI) serves as a powerful tool in strengthening cybersecurity.
- AI analyzes data to detect potential threats in real-time and identifies vulnerabilities in existing security systems.
- Human-AI collaboration and employee education are essential components of an effective security framework.
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Siliconangle
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Image Credit: Siliconangle
Payment processing startup Finix closes $75M investment
- Payment processing startup Finix closes $75M investment
- Finix raised $75 million in funding to expand its payments platform.
- The platform helps merchants accept payments without programming expertise.
- Finix offers features for online, in-store purchases and e-commerce marketplace operators.
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Gritdaily
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Image Credit: Gritdaily
Media Personality Richard Greene Shares His Tips for Public Speaking from Business to Politics
- Richard Greene, an experienced public speaker and communication coach, emphasizes the importance of 'authentic passion' in public speaking, which beats out polished expertise and technique every time.
- He suggests having a conversation with the audience, making eye contact, having the audience as the main focus, telling stories and using vivid details.
- He believes that all of this will make you a better speaker in any field.
- When it comes to the US Presidential Candidates, Trump is an excellent communicator utilizing 6 and 3/4 of the '7 Secrets' of great communicators. Kamala Harris brings a lot of joy and high-frequency vibes to her communications, but she has not always been seen as authentic.
- When talking about the Vice Presidential candidates, Richard suggests that Vance and Walz needed to be more authentic and willing to answer the questions in order to establish their credibility.
- Richard's tips for the winner of the elections include sitting down with the opponents or their team in a nationally televised conversation while using 'The Sponge Technique', where one becomes a 'sponge' for the excess anger, frustration around them.
- He believes that this will showcase the leader as someone who cares about the people and not as the enemy.
- Lastly, Richard suggests that a non-reactive, human conflict resolution method will be effective in reducing conflicts in this difficult time.
- Richard Greene offers his master courses, and you can visit his website to book him or take these courses.
- He is a popular media personality who was Princess Diana's personal speaking coach and an early mentor to Tony Robbins.
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Medium
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299
Image Credit: Medium
Pyrolysis vs. Plastic Recycling: Which is More Sustainable
- Plastic recycling involves collecting, sorting, cleaning, and processing plastic waste into new products or raw materials.
- Pyrolysis is a thermochemical process that decomposes plastic waste at high temperatures in the absence of oxygen, converting it into liquid fuels, gases, and char.
- Plastic recycling is more sustainable than pyrolysis due to lower energy consumption, circularity and waste reduction, lower emissions and environmental impact, scalability and infrastructure, and economic and social benefits.
- Investment in infrastructure, awareness campaigns, and policy interventions can maximize the potential of plastic recycling, contributing to a more sustainable future.
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StartupDaily
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WHITE OUT: WiseTech founder resigns as CEO and from Tech Council board
- Richard White has resigned as CEO of WiseTech Global, resigned from its board, and also as a director of industry lobby group the Tech Council of Australia.
- The billionaire stepped down following media reports and allegations of inappropriate behaviour towards women, and legal action against a woman who alleged she'd been his lover over $92,000 worth of furniture.
- White had also used suggestive or crude language with several female entrepreneurs on social media.
- Additionally, former WiseTech director Christine Holman’s resignation letter accused him of sustained intimidation and bullying.
- WiseTech shares have fallen more than 20% this week to below $100 amid ongoing scandals around the founder, who owns around a third of the business.
- White plans to take a short period of leave, then will return to a new full-time consulting role, focused on product and business development, on the same $1 million salary he was paid as CEO.
- WiseTech is now on the hunt for a new CEO. CFO Andrew Cartledge has stepped in as interim CEO.
- Governance specialist Helen Bird said the saga raises serious questions about how the business operates and the effectiveness of its board.
- It is apparent that the CEO had the board in a thrall and there is a need to reconsider how effective has been the oversight of company operations by the board.
- The company also needs to take a hard look at its governance.
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Gritdaily
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Image Credit: Gritdaily
Chasen Companies: Rebuilding Baltimore, One Neighborhood at a Time
- Chasen Companies, led by Brandon Chasen, is revitalizing Baltimore through urban development.
- They focus on luxury living, historical preservation, and community upliftment.
- Projects include transforming historical sites into modern living spaces while preserving architectural charm.
- Chasen Companies aims for community development and long-term positive impact.
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TechCrunch
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Image Credit: TechCrunch
Joby launches $200M public offering ahead of 2025 commercial eVTOL release
- Electric vertical takeoff and landing vehicle startup Joby Aviation launches a $200 million public offering to fund certification and manufacturing efforts.
- Joby plans to launch air taxis for urban transportation next year in New York City, Los Angeles, Dubai, and Abu Dhabi.
- The public offering comes as the Federal Aviation Administration clears the way for eVTOLs to share U.S. airspace with helicopters and airplanes.
- Joby has raised $2.6 billion to date, including a $500 million investment from existing investor Toyota.
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TechCrunch
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Image Credit: TechCrunch
Lumen Orbit closed one of the biggest rounds from Y Combinator’s last cohort
- Lumen Orbit has closed an oversubscribed, eight-figure seed round of over $10 million.
- The startup aims to build a network of data centers in space to train large AI models.
- Lumen Orbit plans to launch its demonstrator satellite in 2025 in partnership with Nvidia’s Inception program.
- The company faces competition from other companies, like Lonestar Data Holdings, in solving the potential data center crisis.
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Pymnts
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Image Credit: Pymnts
KDP’s Ghost Acquisition and Coca-Cola’s AI Pivot to Personalized Ads Highlight Industry Strategies
- Keurig Dr Pepper (KDP) acquires Ghost to expand into high-growth segments like energy drinks.
- Coca-Cola reports 9% increase in organic revenue and focuses on AI-powered personalized ads.
- KDP aims to control risks and actively respond to changing consumer preferences.
- Coca-Cola prioritizes affordability, local market needs, and digital transformation for growth.
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Inc42
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197
Image Credit: Inc42
General Catalyst Raises $8 Bn To Back Startups Across The Globe
- US-based venture capital firm General Catalyst has raised $8 Bn for its Fund XII.
- The funds will be allocated to various strategies, including seed and growth equity investments, creation strategy, and separately managed accounts.
- General Catalyst plans to invest in startups globally, particularly in sectors like AI, defense, climate and energy, healthcare, and fintech.
- The firm has expanded its partnership and capital solutions to support founders and has merged with Venture Highway in India.
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Gritdaily
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Image Credit: Gritdaily
Julia Neal: Maryland’s Top Realtor Leading with Heart, Expertise, and Community Focus
- Julia Neal is a top Realtor in Maryland, ranking in the top 1% of Realtors in the state.
- She has gained recognition for her expertise through industry platforms like Top Agent Magazine and the Pat Hiban Real Estate Podcast.
- Julia differentiates herself with a client-first approach, focusing on communication, problem-solving, and negotiation skills.
- Beyond real estate, Julia values family, community, and personal growth, striving to make a positive impact in the world.
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TechCrunch
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435
Image Credit: TechCrunch
49 US startups have become unicorns so far in 2024: Here’s the full list
- 49 US startups have become unicorns so far in 2024.
- Using data from Crunchbase, CB Insights, and PitchBook, TechCrunch tracked down the newly minted unicorns so far this year.
- The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other AI startups.
- Cybersecurity, health tech and fintech have also done well.
- Rentberry, Safe Superintelligence, and 24M Technologies are among the list of new unicorns.
- Groq, Bengala Technologies, and Saronic Technologies are also on the list.
- The list will be updated throughout the year.
- Some of the unicorn startups in 2024 are founded as early as 2010, while others were launched in the same year.
- Investors in these unicorns include notable names like Fidelity Investments, Sequoia, and Andreessen Horowitz.
- Together AI, Bugcrowd, and Figure raised funds in February.
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Insider
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Image Credit: Insider
Maven Clinic is swapping out its finance chief as the women's-health unicorn looks ahead to an IPO
- Maven Clinic is replacing its chief financial officer (CFO) as it prepares for an IPO.
- The women's-health startup plans to bring in a new CFO with public-market experience.
- Maven recently secured a $125 million Series F funding round at a valuation of $1.7 billion.
- Former CFO Kristina Campbell left the company in October.
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Nonprofithub
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Image Credit: Nonprofithub
[PODCAST] The Future of Giving: Donor Advised Funds (DAFs) – Greg Farrell and Mitch Stein
- Donor Advised Funds (DAFs) are becoming more prevalent in the nonprofit space.
- Understanding DAFs and their advantages in a world of convenient credit card usage is crucial for nonprofits.
- Accommodating donors who prefer using DAFs is important for nonprofits.
- Greg Farrell and Mitch Stein discuss DAFs and their role in philanthropic giving on this podcast episode.
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