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Finnish startup AIATELLA raises €2 million to scale AI-powered cardiovascular imaging tools – aims to prevent 100 million strokes
- Helsinki-based MedTech startup AIATELLA secures €2 million in funding to accelerate AI-powered cardiovascular imaging technology.
- AIATELLA's technology aims to revolutionize radiology by automating manual processes, making image analysis 100 times faster.
- The funding will help AIATELLA conduct clinical trials and develop ultrasound-based preventative screening to detect and quantify carotid artery narrowing.
- AIATELLA's goal is to bring early detection of cardiovascular problems to millions of people through portable screening technology, aiming to prevent strokes and heart attacks.
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Economic Times
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Morgan Stanley sees Swiggy recovering Qcommerce share despite huge spends widening losses
- Brokerage house Morgan Stanley is optimistic about Swiggy’s quick commerce business despite widening losses.
- Swiggy's quick delivery business, Instamart, saw a significant increase in gross order value but also reported an increased adjusted Ebitda loss.
- Morgan Stanley believes Swiggy is prepared to handle competition in the quick commerce segment and protect its market share.
- The brokerage raised its estimates for the total addressable market of quick commerce and expects Swiggy to benefit from its investments in infrastructure to drive growth.
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ISN
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VC firm Bessemer Venture Partners appoints Pankaj Mitra as Partner in its India team
- Bessemer Venture Partners appoints industry veteran Pankaj Mitra as a Partner in its India team, focusing on AI, enterprise software, and cybersecurity startups.
- Mitra brings over 25 years of experience in corporate development and venture investing, previously serving in Cisco's M&A and investment team.
- His past investments include startups like Fiddler, Uniphore, and Whatfix, aligning closely with Bessemer's target sectors in its India fund of $350 million.
- Bessemer, with over $18 billion in assets globally, aims to deepen commitments in AI, enterprise-tech, and cybersecurity in India with Mitra's expertise.
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Insider
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A music startup raised $5 million to connect artists and fans using their mobile wallets. Read its pitch deck.
- Music startup Sesh, founded by Iñigo-Hubertus Bunzl Pelayo, Pepe del Río, and María José Guzman, connects artists directly with fans through mobile wallets.
- Sesh provides tools for artists to engage with superfans, offering features like notifications, live chat sessions, and mobile wallet 'fan cards'.
- The company raised $5 million in a seed round led by Miura Global, with a total funding of $7 million including pre-seed investments.
- Sesh charges artists a monthly fee to use the platform and plans to earn from facilitated fan transactions in the future.
- Differentiating itself in the fandom startup space, Sesh offers mobile wallet 'fan cards' and positions itself as a data-driven company focused on fan engagement.
- The startup aims to automate personalized engagement using AI, making it easier for artists to manage and monetize their fan communities.
- Sesh's growth strategy includes industry presence, partnerships, and leveraging ambassadors to expand its customer base.
- The founding team of Sesh consists of 11 industry experts, with the company headquartered in LA.
- Beyond music, Sesh envisions building an ecosystem for belonging across various interests, aiming to be the infrastructure for next-gen fan communities.
- Sesh's pitch deck focuses on addressing the challenges in artist-fan connections, the market opportunity, AI technology, and building strong fan communities.
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ISN
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312
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Hyundai Motor, Kia exit Ola Electric after selling entire stake for Rs 690 crore
- Hyundai Motor and Kia Corporation have sold their entire stakes in Ola Electric Mobility for a total of Rs 690 crore.
- Hyundai offloaded 10.88 crore shares at Rs 50.70 apiece, amounting to Rs 552 crore, while Kia sold 2.71 crore shares at Rs 50.55 each, totaling Rs 138 crore.
- Citigroup Global Markets Mauritius acquired a significant portion of the shares at a 6% discount to Monday's closing price, buying 8.61 crore shares for over Rs 435 crore.
- Ola Electric's financial performance has been under scrutiny, with a reported consolidated net loss of Rs 870 crore in the March quarter and a decline in quarterly revenue by over 60% to Rs 611 crore.
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Eu-Startups
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Swiss HealthTech startup Aeon raises €8.2 million to scale its AI preventive health platform
- Swiss HealthTech startup Aeon, based in Zurich, has raised €8.2 million in a Seed round to further develop its AI preventive health platform.
- The funding round was led by Concentric and included investors like Calm/Storm Ventures, GoHub Ventures, Kadmos Capital, EWOR, and Swiss super angel investor Daniel Gutenberg.
- Aeon offers AI-powered check-ups incorporating whole-body MRI, blood biomarker analysis, and genetic testing to provide early detection and prediction of over 500 diseases and health risks.
- The company plans to expand across Switzerland, Germany, and the UK, improve partnerships with insurers and employers, and enhance its AI platform for more precise diagnostics.
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Startup Pedia
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Frustrated Aspring Actor Launches LinkedIn-Style Platform for Entertainment Talent — Targets 20M Users and $55M in Revenue
- Ajmal Aboobucker, frustrated by the lack of transparency in the entertainment industry, founded LetsFAME—a LinkedIn-like platform for actors, influencers, filmmakers, and technicians to connect directly.
- LetsFAME provides a platform for global networking, allowing professionals to showcase their skills, connect, and collaborate without intermediaries.
- The platform operates on a freemium model, offering basic features for free and premium plans for enhanced visibility and benefits.
- With over 135,000 users, LetsFAME has gained traction globally, attracting users from India, the US, Europe, and other regions.
- LetsFAME's rapid growth since its launch in 2023 has been driven by word-of-mouth referrals, helping individuals in the entertainment industry secure opportunities.
- Ajmal's entrepreneurial journey was inspired by his frustrating experiences in the industry, leading him to create a platform that prioritizes authenticity and connectivity.
- The platform has generated $55,000 in revenue through subscriptions and ads, with plans to raise funding for accelerated growth and expansion.
- Ajmal aims to reach 1 million users by 2026 and target 20 million users generating $55 million in revenue by 2030.
- LetsFAME's core values include authenticity, efficiency, and equal access to opportunities within the entertainment industry.
- The platform offers features like profile creation, search and connect, direct messaging, job applications, and analytics to support professionals in the industry.
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Startup Pedia
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Bengaluru PGs witness a 25% loss after layoffs in the IT sector, new rules, higher water, and electricity bills
- Paying Guest (PG) homes in Bengaluru are facing losses of about 25 per cent due to job layoffs in the tech sector, new regulations, and higher utility bills.
- Many PGs in Bengaluru have closed down in the past year, with at least two shutting down in every area, and others struggling to remain operational.
- Rising water and electricity rates, coupled with compliance costs and regulatory changes, are making it challenging for PG owners to sustain the business without increasing rents for guests.
- Some areas like Marathahalli and Sarjapur, frequented by IT professionals, have witnessed a higher number of PG closures, while pressure from authorities like BBMP for rule violations adds to the challenges faced by PG owners.
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Inc42
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Zepto Puts IPO Plans On Hold: Report
- Quick commerce company Zepto has decided to postpone its IPO plans by a year, aiming to reduce cash burn and improve profit profile.
- Zepto had earlier considered filing for IPO in 2025 but is now planning to go public in 2026, delaying the process.
- The company has faced scrutiny over high cash burns, with reports indicating Zepto accounts for a significant portion within the quick commerce industry.
- Despite revenue growth and operational advancements, Zepto faced challenges including food safety violations at its warehouse and suspending operations in certain cities.
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Startup Story
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ServeClub Raises Seed Funding to Accelerate India’s Pickleball Revolution
- ServeClub, an Indian pickleball equipment brand, has secured seed funding to expand operations and cater to the growing pickleball community in India.
- The funding round saw participation from investors like Manish Poddar, Pratham Mittal, and Malika Sadani, aiming to democratize access to affordable, high-quality sports gear.
- ServeClub offers USAPA-certified pickleball paddles at competitive prices, with plans to use the funding for product development and distribution expansion.
- The brand's strategy involves community engagement initiatives, grassroots tournaments, and partnerships to promote pickleball and establish itself as a trusted brand in India.
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Startup Story
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Homegrown Sneaker Brand Gully Labs Raises ₹8.7 Crore in Seed Round to Expand Footprint and Celebrate Indian Culture Through Design
- India’s sneaker brand Gully Labs raises ₹8.7 crore in seed funding round to expand its footprint and celebrate Indian culture through design.
- The seed funding includes ₹7.6 crore in equity and ₹1.1 crore in venture debt, with plans to diversify product mix, expand sales channels, and open physical retail outlets in India.
- The round was led by Zeropearl VC, with participation from notable founders and angel investors, aiming to support Gully Labs' cultural vision and business potential.
- Founded in 2023, Gully Labs by Arjun Singh and Animesh Mishra integrates Indian heritage into handcrafted sneakers, aiming to redefine contemporary Indian fashion with culturally inspired designs.
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Eu-Startups
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Fabriq, a Paris-based scale-up, lands €22 million to become the global standard in industrial performance
- Fabriq, a French scale-up focused on industrial optimisation, has secured €22 million in funding to accelerate hiring, expand its SaaS platform, and develop sales across Europe and US.
- The funding round was led by Expedition Capital and included participation from long-standing investor OSS Ventures.
- Fabriq's SaaS platform aims to digitize Lean Daily Management, helping factories address daily operational issues more effectively and achieve performance goals.
- The company plans to target a sustained growth trajectory, aiming for €50 million in ARR by 2029, with a focus on international expansion and addressing the U.S. market.
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Inc42
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Tesla Ramps Up India Strategy With New Warehouse Space Lease In Mumbai
- Tesla has leased a new warehouse space in Mumbai's Kurla West as part of its strategy to expand operations in India.
- The space will be used as a service center and Tesla's Indian subsidiary has signed a five-year lease for 24,565 square feet at the Lodha Industrial and Logistics Park.
- Tesla will pay a monthly rent of INR 37.53 Lakh, totaling INR 24 Cr over the lease term.
- While Tesla plans to commence operations in India's EV market, it does not intend to manufacture in the country, according to Union minister of heavy industries HD Kumaraswamy.
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Startup Pedia
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London-based AI-powered startup caught with human developers from India writing code based on customer requests, posing as AI
- London-based startup Builder.ai, once valued at $1.5 billion, filed for bankruptcy after it was revealed that its 'AI-powered' platform was operated by human developers from India pretending to be AI.
- The startup had raised over $445 million from investors like Microsoft and the Qatar Investment Authority, claiming to make software development as easy as ordering pizza through its AI assistant, 'Natasha.'
- In reality, the company was not using AI technology; Indian engineers manually wrote code based on customer requests, while the output was marketed as AI-generated.
- The collapse of Builder.ai came in May 2025 when lender Viola Credit seized $37 million due to inflated revenue projections. The company's founder, Sachin Dev Duggal, promised $220 million in sales, but an audit revealed actual revenue was only $50 million.
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Startup Story
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Salesforce Acquires AI-Driven Recruiting Startup Moonhub to Strengthen AI Strategy
- Salesforce has acquired Moonhub, an AI-powered recruiting startup based in Menlo Park, to strengthen its AI strategy.
- Moonhub's team, led by Nancy Xu, will join Salesforce to advance the company's AI initiatives, including Agentforce.
- Moonhub, known for its AI Recruiter tool, focuses on identifying top talent without demographic filtering, emphasizing human-in-the-loop philosophy.
- Salesforce's acquisition of Moonhub aligns with its AI expansion efforts, offering potential advancements in HR and CRM solutions by integrating AI recruiting capabilities.
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