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TechCrunch
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Final hours for TechCrunch Sessions: AI Trivia Countdown — play now, score 2-for-1 tickets
- TechCrunch Sessions: AI Trivia Countdown offering a special deal of two tickets for $200 only till midnight tonight.
- Participants can take the AI Trivia quiz to win a special code for 2-for-1 tickets to the TechCrunch Sessions: AI event.
- The event will feature leaders from OpenAI, Anthropic, Khosla Ventures, and more providing expert insights, workshops, and networking opportunities.
- Opportunity to save $300 on tickets to TC Sessions: AI until June 4 with 50% off on the second ticket. Event takes place on June 5 at UC Berkeley's Zellerbach Hall.
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TechCrunch
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TechCrunch Sessions: AI begins tomorrow — today’s your last chance to save on tickets
- TechCrunch Sessions: AI event begins tomorrow at UC Berkeley's Zellerbach Hall, featuring influential industry leaders, investors, and researchers in artificial intelligence.
- Today is the last chance to save on tickets with a $300 discount, 50% off a second ticket, or a chance to win 2-for-1 passes through an AI Trivia Countdown challenge before full-price tickets are available at the door.
- Speakers at the event include experts from OpenAI, Google Cloud, Anthropic, Khosla Ventures, Databricks, and other prominent organizations offering insights not typically found on social media.
- Attendees can engage in Braindate meetings and networking opportunities at the event to foster meaningful connections and discussions, with additional Side Events held by industry experts after the main conference concludes.
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ISN
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ISN Exclusive: Blume Ventures-backed Virohan looks to raise Rs 70 crore from Bessemer Venture Partners
- Virohan, a healthcare-focused institute and online certification provider, is aiming to raise Rs 60-70 crore in a funding round from Bessemer Venture Partners.
- This marks the return of edtech funding in the Indian ecosystem, with investors showing confidence in Virohan despite challenges in the sector.
- Investors are more optimistic about the edtech space, with significant funding rounds for companies like PhysicsWallah, Eruditus, and UpGrad.
- Bessemer Venture Partners is looking at consumer investments and increasing focus on AI, as seen from the recent hiring of Pankaj Mitra to lead AI and enterprise-tech bets in India.
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Futurefundraisingnow
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Make your fundraising work better for donors of all ages
- Lyft has launched a new version of their app called Lyft Silver targeting older adults with features like larger text, simpler menus, and easy vehicle booking.
- The app also offers live human support, which is seen as a step towards giving seniors independence and worry-free rides.
- While Lyft is applauded for the design, questions are raised as to why it's segregated for older people when the improvements benefit users of all ages.
- The concept of Universal Design is emphasized, suggesting that fundraising efforts should cater to all ages with readability, simplicity, and human-centered approaches.
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Medium
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Supercharging Capital Solutions for Energy and Manufacturing Projects — Why We Invested in Crux
- The US is experiencing a surge in power demand, largely from new data centers, electrification, and manufacturing, with over 90 percent of new power capacity coming from renewables, especially solar and storage projects.
- The push for domestic manufacturing has bipartisan support, emphasizing the need to revitalize US manufacturing of critical technologies like semiconductors and batteries.
- Despite significant capital available for energy transition projects, accessing it efficiently remains a challenge due to high transaction costs and opaque processes.
- Federal tax policies, such as tax equity investing, have been instrumental in incentivizing private investment in energy and manufacturing projects, with recent changes broadening credits and boosting economic activity.
- Crux, founded in 2023, focuses on facilitating transferability of tax credits and has expanded into infrastructure debt, aiming to modernize the market and support project developers.
- Crux's innovative platform reduces financial soft costs through transparency and efficiency, streamlining transactions and providing financial solutions for developers and investors.
- The Crux team, led by experienced entrepreneurs Alfred Johnson and Allen Kramer, is backed by MassMutual Ventures and aims to address challenges in climate and energy through technology and market data.
- Their unique approach, leveraging AI and data, aligns with investment themes in climate intelligence and clean power, positioning them at the forefront of the renewable energy industry.
- Their strategic hires from top-tier firms like RBC, Blackrock, and Tesla further strengthen Crux's position in the market and showcase their commitment to building a high-caliber team.
- By providing enhanced financial solutions and leveraging their extensive network, Crux aims to play a pivotal role in accelerating the development of renewables, storage, and manufacturing projects.
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Inc42
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Startups Building Indian LLMs Also Need A Global Vision: IndiaAI Mission CEO
- Indian startups like SarvamAI, Soket AI Labs, Gnani.ai, and Gan.ai have been selected by the Indian government to build large language models (LLMs) focusing on India-specific data.
- IndiaAI Mission CEO, Abhishek Singh, emphasizes the need for Indian startups to have a global vision and compete against international giants in the AI space.
- There is a rising trend of AI-native Indian startups focusing on various layers of AI technology, with a particular emphasis on voice-based AI models in sectors like education and healthcare.
- The IndiaAI Mission aims to promote innovation in AI while ensuring compliance with legal frameworks. India's national GPU capacity for AI applications has exceeded 34,000 GPUs, with plans to procure more by 2025.
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Inc42
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Exclusive: Naagin Bags $2.1 Mn From 360ONE Asset, Others
- Hot sauce startup Naagin has raised $2.1 Mn in funding led by 360ONE Asset and existing backer 8i Ventures, with plans to scale manufacturing and production capacity.
- The company aims to expand its flavor portfolio, explore growth opportunities in domestic and overseas markets, and strengthen supply chain operations.
- Founded in 2019, Naagin has grown from offering hot sauces to expanding its product range to include chili oil, pizza-pasta sauce, and salsa.
- It has made significant inroads into the B2B space with partnerships like KFC India, aiming to become the flavor partner of choice on dining tables in India.
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Eu-Startups
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What do you need to remember when setting up a startup in Poland? (Sponsored)
- Poland offers favorable conditions for startups with its dynamic economy, qualified staff, and competitive operating costs.
- The country's stable economy, growing GDP, and real purchasing power make it an attractive location for entrepreneurs.
- Poland's GDP in 2023 was USD 809.2 billion with 3.23% growth, indicating economic development and favorable forecasts.
- Poland's strong IT industry provides startups access to qualified specialists and innovation.
- Setting up a business in Poland has benefits, but legal and tax challenges should be considered, requiring compliance expertise.
- Limited liability companies are recommended for startups due to advantages like limited liability of owners and low operating costs.
- After choosing a limited liability company, steps include registry court registration, CRBR registration, obtaining REGON and NIP numbers, opening a bank account, and more.
- Challenges for foreign entrepreneurs in Poland include adhering to Polish Accounting Standards, full accounting system, and tax regulations.
- Mandatory actions like financial statements preparation, audit, CIT and VAT payments, statistical reporting, and complying with National Bank of Poland regulations are essential.
- Starting a business with an experienced partner, like RSM Poland, can ensure legal compliance and efficient operations for startups.
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ISN
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This startup aims to replace Rs 4,000/month AI tools with AI agents you can hire like freelancers
- Artificial intelligence has become a prominent technology shift in recent years, but small businesses and professionals find AI tools confusing and unattainable.
- ActionAgents is an AI startup offering task-ready agents as a solution to the confusing AI landscape by providing easy-to-use agents that users can hire like freelancers.
- Initially a platform for AI tools discovery, ActionAgents pivoted to become a marketplace where users can hire AI agents for tasks on a pay-per-task model, enabling practical and cost-effective usage.
- Despite minimal marketing efforts, ActionAgents has gained over 3,000 users globally in a short span, handling hundreds of tasks daily through 50 AI agents.
- Founded on a modest investment, the platform is steadily growing its user base and generating consistent revenue, with a focus on user experience and practicality.
- The founder's background shaped his entrepreneurial journey, with past trials leading to the profitable venture of ActionLabs.ai and now ActionAgents.
- The team at ActionAgents is concentrating on enhancing user retention, agent accuracy, and simplifying the platform's interface for future scalability and growth.
- With aspirations to reach 10,000 users in the next six months and up to 1 million in two years, the startup envisions becoming the Google Play Store for AI agents.
- In the long run, ActionAgents plans to enable other developers to launch their AI agents on the platform and create a collaborative marketplace for AI agents similar to app stores.
- ActionAgents aims to redefine the narrative around AI, positioning it as a tool to enhance human potential rather than replace it, by offering a platform for professionals to delegate repetitive tasks and focus on higher-level work.
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Siliconangle
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Merlin Ventures secures $75M+ for seed-stage cybersecurity fund
- Merlin Ventures has exceeded its $75 million target for its inaugural fund, aiming to support seed-stage cybersecurity tech startups and accelerate market opportunities.
- The fund will focus on growing the Israeli tech ecosystem and providing pathways to scale for startups with next-generation cybersecurity technologies.
- Merlin Ventures has made early investments in collaboration with Lightspeed Venture Partners LP and Norwest Venture Partners LP, targeting high-growth startups.
- To support its portfolio companies, Merlin Ventures has introduced the Genesis program, offering market insights and operational assistance to fast-track product development and go-to-market readiness.
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Startup Pedia
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‘Zerodha has not given up its aspiration to acquire banking licence’: CEO Nithin Kamath
- Zerodha's CEO Nithin Kamath stated the company has not abandoned its goal of obtaining a banking license and continues to remain private due to a mismatch between its business model and public market demands.
- He mentioned that Zerodha does not see the need for an IPO, pointing out the challenges of being listed on exchanges for a company like theirs.
- Despite expecting a 10–20% decline in broking business tied to market activity, Zerodha aims for ₹10,000 crore in revenue by the end of FY26, with no planned changes to brokerage rates.
- In a recent post, Nithin Kamath highlighted a discrepancy where KYC records show more investors from Tier 2 and 3 cities, but actual trading activity reveals a majority from top 20 cities due to users not updating their addresses post-migration.
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Inc42
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WazirX Sets Up Panama Entity To Escape Singapore Crypto Noose
- Indian crypto exchange WazirX sets up an entity in Panama, named Zensui Corporation, to continue crypto operations without a mandatory Singapore license due to tightening regulations.
- Singapore is implementing the Financial Services and Markets Act in June 2022, making it harder for companies to operate crypto businesses without a special license from MAS.
- WazirX is transferring its platform's crypto-related services to a subsidiary in Panama, known for its relaxed crypto regulations, to ensure smoother operations with easier compliance.
- Despite setbacks like the $235M hack in 2021, WazirX continues recovery efforts, faces regulatory scrutiny, and contributes to the broader cryptocurrency adoption landscape in India.
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TechJuice
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NIC Lahore Startups Make History with Silicon Valley Entry
- Four NIC Lahore startups have made it to Plug and Play Tech Center in Silicon Valley, USA, through the GOAL Program, marking a first for Pakistan’s National Incubation Centers.
- The selected startups from NIC Lahore include Paymo, Thingsty, Motto Vesta, and Voltshare, showcasing innovation in mobile wallets, IoT platforms, safety gear for motorcyclists, and cloud-connected EV charging networks.
- NIC Lahore, supported by Ignite – National Technology Fund and Ministry of IT and Telecom, operates as a hub for fostering globally competitive startups, with key partners like HBL and Plug and Play.
- The startups are participating in the GOAL Program, receiving mentorship, networking opportunities, and will pitch at the Plug and Play Summit, highlighting Pakistan's readiness for global innovation.
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SiliconCanals
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Dutch-based Solarge secures fresh funding to grow its solar panel business in Europe
- Dutch-based Solarge, a solar panel manufacturer, secures undisclosed fresh funding to support its operations and appoints Bart Meijerink as the new CEO.
- The funding from Solarge's shareholders will be used to expand commercial operations and enter new markets in Germany, Belgium, and Italy, aiming to accelerate the energy transition with innovative solar panel technology.
- The newly appointed CEO, Bart Meijerink, aims to lead Solarge through its next phase of growth in Europe, contributing to a greener future with sustainable solar solutions.
- Founded in 2018, Solarge specializes in environmentally friendly, PFAS-free solar panels and aims to play a leading role in energy system changes and the adoption of alternative energy sources.
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ISN
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New Delhi-based education financing startup GyanDhan raises Rs 50 crore in funding
- New Delhi-based education financing startup GyanDhan has raised Rs 50 crore in funding from Classplus and Pravega Ventures to expand its reach in tier II and III cities.
- GyanDhan aims to strengthen its credit infrastructure amidst challenges in the study abroad sector due to factors like currency fluctuations and visa restrictions.
- The startup, founded in 2016 by IIT alumni, offers a loan marketplace and direct lending services through its NBFC arm, facilitating over Rs 7,000 crore in education loans.
- GyanDhan plans to use the funding to enhance technology, expand regional presence, engage in financial literacy programs, and grow its partnerships with banks and NBFCs.
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