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TechCrunch
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VCs love using the AI meeting notepad Granola, so they gave it $20M
- Granola, the AI-powered notepad app, raised $20 million in its Series A funding round.
- The app is popular among venture capitalists, who use it to record meetings and augment notes.
- Granola's collaborative approach allows users to guide the AI by writing down important takeaways from meetings.
- The funding will be used to expand Granola's team, develop enterprise features, and introduce a mobile app.
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Insider
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The CEO of Perplexity said the AI-powered search engine isn't trying to replace the news
- Perplexity CEO Aravind Srinivas addressed the lawsuits the company is facing from news publishers.
- Perplexity is reportedly in talks to raise new funds in a deal that would value it at $8 billion.
- Srinivas stated that Perplexity is not trying to replace news, but rather aims to help users understand news in context.
- Perplexity plans to sell ads against popular searches and share a portion of the revenue with publishers whose content is used.
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Gritdaily
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Marquis Who’s Who Honors Susan K.F. Kau for Achievements in Nursing
- Susan K. F. Kau, a neonatal nurse, is honored by Marquis Who’s Who for her achievements in nursing.
- Kau has worked as a bedside nurse in the neonatal intensive care (NICU) at the Kapi’olani Medical Center for Women and Children in Honolulu, Hawaii for 42 years.
- She is passionate about advocating for the neonatal patient population and has been recognized with awards such as the 2016 Nurse of the Year Award from Caring for Hawaii Neonates and the 2022 Royal Order of Kapi’olani Award.
- Kau is actively involved in professional organizations and has contributed to nursing publications, including being a contributing author of two books.
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Gritdaily
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How a Passion for Cosmetics Turned into a Successful Career for Kim L. McIver
- Kim L. McIver has turned her passion for cosmetics into a successful career.
- As the CEO of Sugarlash PRO, she has transformed the lash industry through innovation.
- Her recent launch of the Lash Growth Serum has gained recognition.
- McIver's focus is on nurturing her young staff and expanding into new markets.
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Gritdaily
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Renee Swatz, MA, LMHC, MHP, Has Dedicated Her Career to Improving Mental Health Care
- Renee Swatz, MA, LMHC, MHP, has dedicated her career to helping others through mental health counseling.
- Swatz has worked in various mental health organizations, providing therapeutic support and guidance.
- She holds a particular interest in religious trauma and is pursuing a certification in this area.
- Swatz aims to establish a private practice in Washington state in the future.
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Yourstory
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India’s role in AI research; Meet Freshworks’ Freddy AI
- As the festive season sets in, delivery apps are hiking their platform fees and introducing new initiatives to keep up traffic.
- MakeMyTrip reported a 9x profit in Q2 2021 compared to a year ago, with an increase in number of flyers on domestic and foreign trips.
- Anthropic's new Claude 3.5 Sonnet model can input keystrokes and mouse clicks to potentially use any applications that users have installed on their computer.
- Yann LeCun, Chief AI Scientist at Meta, said India has a key role in AI research and development, with the potential to become the largest market for Meta AI.
- Freshworks launched Freddy AI Agent to enhance both customer and employee experience, which has resolved 40% of customer support requests and 45% of IT service inquiries on average.
- Nandan Nilekani, non-executive chairman of Infosys, said artificial intelligence can accelerate inclusion across India, thanks to its digital public infrastructure.
- Boeing satellite, an Intelsat asset, was destroyed due to an "anomaly" that shattered it into pieces.
- Coca-Cola announced its Q3 2021 revenue fell as sales volumes flattened or declined worldwide, but still beat Wall Street's expectations with expected full-year organic revenue growth of 10%.
- Salvador Dali's most famous painting of clocks is "The Persistence of Memory".
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Yourstory
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The evolution of job roles: how traditional roles are adapting to technological advancements
- Technology is transforming traditional roles into more strategic, data-driven ones. Reports suggest that technological advancements will impact job roles in 77% of organisations over the next five years. Here’s how these developments are redefining job roles and the skills required in the modern workforce.
- The rise of hybrid job roles is transforming the future of work! As technology advances, this flexible model merges remote and on-site work, letting employees choose when and where they thrive. Perfect for computer-based tasks, it boosts productivity and engagement. 20-25% of workers can now operate remotely several days a week without losing momentum.
- Real-time information was what was needed to stay on top. Now, with advanced analytics, we can foresee problems before they arise and adjust our strategies in real-time.The Internet of Things (IoT) has taken supply chain visibility to a whole new level.
- To navigate technological evolution, a strategic approach to reskilling and upskilling is crucial. 60% of organisations are aggressively investing in training programmes. Experts and broader trends emphasise the importance of these initiatives in preparing a future-ready workforce through corporate training programmes, partnerships with educational institutions, government initiatives, and online learning platforms.
- Technology is not about taking jobs away from people. New job titles and roles are emerging: IoT Specialists, AI and Machine Learning Experts, Supply Chain Strategists, and The Supergrid Hero.
- The faster organisations adapt, the quicker they gain a competitive edge. By fostering a culture of continuous learning and leveraging real-time data analytics, companies can successfully navigate the demands of the future, unlocking new opportunities and ensuring resilience in a dynamic landscape.
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Yourstory
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Open banking APIs: A game changer for the financial industry
- Open Banking APIs are driving the integration and secure sharing of financial data between banks, fintech companies, and other third-party service providers.
- The traditional banking sector in India, historically dominated by a few large entities, is experiencing a democratisation of services due to Open Banking APIs.
- Open Banking APIs enhance customer experience by enabling third-party developers to access financial data with customer consent, banks can offer more personalised and tailored services.
- Customers now have the ability to view and manage multiple bank accounts through a single interface.
- Open Banking APIs are driving innovation, leading to the development of new products and services that benefit consumers.
- Open Banking APIs have the potential to bridge the gap of financial inclusion by making financial services more accessible.
- Innovative financial products tailored to the needs of underserved populations can now be developed. These products include microloans, savings accounts, and insurance policies designed.
- Open Banking APIs are designed with robust security measures to protect data during transmission.
- Partnerships between banks and fintech companies can result in services such as instant credit at the point of sale, real-time financial advice, and improved payment solutions.
- The future of Open Banking APIs is promising in India. The journey has just begun and more advancements can benefit customers.
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Yourstory
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How three entrepreneurs started a sports nutrition startup to combat counterfeit products
- New Delhi-based start-up Nutrabay was founded in 2016 to address challenges, such as product authenticity and a lack of quality supplements, within India's nutrition and wellness supplement market, which is seeing rapid growth. Today, its website operates as a marketplace and sells third-party nutrition products along with its private labels, which make up around 150 SKUs. Nutrabay has served a total customer base of 1.5 million since inception, and the brand is experiencing steady growth, with 15-20K new customers being added each month.
- The prevalence of counterfeit products poses a serious challenge industry wide, appealing to consumer trust and potentially endangering health. Nutrabay's strategic pricing model means its private label products are positioned to be 10-20% cheaper than many Indian brands on average. This pricing strategy is supported by a lean supply chain model that minimises intermediary costs while ensuring high product quality.
- According to the founders, Nutrabay's products are affordable due to its strategic pricing model, accessible within the sport nutrition market with an Average Order Value (AOV) of Rs 2,000. The company implements strict quality control measures, ensuring multiple checks and balances with brands to guarantee the authenticity and quality of all products offered.
- Nutrabay aims to fill the gap in the market by creating a reliable B2C multi-brand store, addressing consumer concerns about product authenticity. Overall customer satisfaction leads to Nutrabay's strong demand for its scientifically-backed nutritional supplements across sports nutrition; vitamins, minerals, and supplements; and health food and drinks.
- Nutrabay's custom tech platform supports scalability and improves operations, giving them an edge in managing extensive product range and growing customer base. This D2C (Direct-to-Consumer) company focuses on quality and aims to provide high-quality sports nutrition at accessible price points, effectively addressing a gap in the market for affordable yet premium products.
- In September, Nutrabay raised $5m in a pre-Series A funding round led by RPSG Capital Ventures, along with participation from existing investors such as Kotak Alternate Asset Managers Limited, and others.The company, supported by a team of 150 members, generated an annual recurring revenue (ARR) of Rs 100 crore ($13.5m) in FY24.
- The dietary supplements market in India is projected to reach $10.2 billion by 2026, reflecting an impressive 22% year-over-year growth rate since 2020, when it was valued at $3.9 billion. Nutrabay considers brands like Healthkart, Optimum Nutrition, My Protein, and MuscleBlaze as its competitors, with its sights set on expanding its offerings and capturing a larger market share. With a tech-driven supply chain model and a revenue stream from diverse online and offline platforms, Nutrabay is well-positioned for success in India’s rapidly-growing nutritional supplements market.
- Nutrabay has served a total customer base of 1.5 million and is adding an average of 15-20K new customers each month
- Nutrabay’s products are affordable due to its strategic pricing model
- The company aims to enhance its offline presence by joining hands with modern trade and super specialty stores while also targeting general trade outlets.
- Nutrabay plans to establish its own offline retail stores by the end of the current financial year.
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Gritdaily
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VICTRESS MVMT: Empowering Women Through Life-Stage-Specific Strength Training
- Victress MVMT is a franchise dedicated to empowering women through mindful movement and tailored, evidence-based fitness programs designed to support women in every stage of life.
- The franchise was founded by Stacy Orsborn, who became an advocate for women’s health after a traumatic pregnancy, and Stasi Grenfell, who transformed her life and body through strength training during her second pregnancy.
- The franchise is unique in its focus on women’s life stages and has tailored strength training programs for each life phase, from preparing for childbirth to maintaining mobility through menopause.
- During her third pregnancy, Stacy Orsborn had a traumatic birth experience. She trained rigorously for her subsequent pregnancy, including getting support from a midwife and doula, leading to a fulfilling natural birth experience. This prompted her to start Victress MVMT.
- Stasi Grenfell gained 60 pounds during her first pregnancy and underwent an emergency C-section. For her second pregnancy, she trained under Stacy’s guidance, empowering herself to reach incredible milestones such as squatting 250 lbs before delivering her second child naturally and without complications.
- By focusing on functional strength training that adapts to the hormonal and physiological shifts women experience, Victress MVMT empowers women to stay active, strong, and confident throughout their lives, offering a strong support system to help women build both physical strength and mental resilience.
- Since its inception, Victress MVMT has seen rapid growth, achieving a 414.51% revenue increase since 2019 and a year-over-year growth rate of 38.48% from 2022 to 2023.
- Their franchising model and community-driven philosophy offer female entrepreneurs the tools and support to build their own Victress locations while maintaining a balanced, fulfilling lifestyle.
- Stacy and Stasi believe that through their mission to empower women, they can create a movement that encourages women to embrace their strength, overcome challenges, and thrive in every aspect of their lives.
- Victress MVMT is a supportive environment that goes beyond the gym, offering science-based fitness programs and empowering women to work towards becoming the best versions of themselves in every phase of life.
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Gritdaily
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Hyperquake Merges Elite MarCore Group Into Core Growth Marketing Pillar
- Hyperquake announces its strategic acquisition of MarCore Group, elevating its Growth Marketing pillar.
- Hyperquake merges MarCore Group into its operations, appointing Founder Ari Monkarsh as Executive Director of Growth Marketing.
- The acquisition strengthens Hyperquake's holistic offerings in innovation, brand experiences, and sustainability.
- Hyperquake's Growth services now include fractional growth consulting, media consulting, campaign development, and more.
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Pymnts
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New York Investigating Proposed Capital One-Discover Deal
- New York Attorney General Letitia James is investigating Capital One's proposed acquisition of Discover Financial Services.
- Capital One declined to voluntarily waive federal confidentiality protections, leading to subpoenas being issued.
- The investigation is part of New York's antitrust probe and focuses on the potential impact on consumers in New York.
- Capital One remains confident that the merger will be approved.
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Gritdaily
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Plutus Algorithmic Finance Produces Top Investment Opportunities With Its Advanced Quantitative Methods
- Plutus Algorithmic Finance is a company founded by Aditya Agrawal and Rishabh Bhargav that provides investment opportunities through its proprietary platform.
- The platform utilizes deep-learning models and advanced analytics to identify overlooked investment opportunities.
- Plutus Algorithmic Finance aims to make the financial world more accessible, transparent, and efficient.
- The company plans to expand its reach into new markets like Nigeria and the Philippines.
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Gritdaily
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Balance Benefits Group’s Advanced Enrollment Platform Transforms Healthcare Access for 100,000+ Families
- Balance Benefits Group has launched an advanced online enrollment platform that transforms healthcare access for over 100,000 families.
- The platform simplifies the process of selecting health insurance, guiding users through a personalized assessment to match them with suitable insurance plans.
- BBG's platform has seen a 35% increase in new enrollments in 2024, particularly among low-income families accessing $0 premium plans.
- Beyond enrollment, BBG actively advocates for policy changes to improve healthcare access and has earned certification as a Best Place to Work.
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Siliconangle
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Fixify nabs $25M for its AI-supported help desk service
- Fixify Inc., a startup offering AI-supported help desk services, has raised $25 million in funding.
- The company provides a managed help desk service that uses AI software to identify and resolve technical support issues.
- Fixify also utilizes AI for sentiment analysis, measuring employee mood and improving user experience.
- With the newly raised funding, Fixify plans to expand its customer base and hire more employees.
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