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How do tax benefits differ between health and life insurance?
- Tax benefits under Section 80D of the Income Tax Act for health insurance include deductions for premium payments for mediclaim and critical illness plans.
- For health insurance, tax deductions can go up to Rs 25,000 annually for individuals, and Rs 50,000 for senior citizens, including a Rs 5,000 deduction for preventive health check-ups.
- Under Section 80C, life insurance premiums are eligible for deductions of up to Rs 1,50,000 per financial year with coverage for self, spouse, and children.
- Key differences between health and life insurance tax benefits include varying deduction limits, coverage for parents and children, payment modes, and the possibility of deduction reversal.
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Inc42
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How Startups Deal With Data Challenges In The Race To Scale Artificial Intelligence
- GenAI is reshaping how businesses operate and is dependent on efficient data collection, management, and scaling systems.
- Legacy systems are being replaced by real-time streaming, cloud-native platforms, and autonomous databases to unlock GenAI's full potential.
- AI analytics and infrastructure markets are projected to grow significantly, indicating a shift for Indian startups to build AI-ready infrastructure.
- Startup leaders discussed data challenges and strategies at a roundtable in New Delhi, focusing on seamless AI execution.
- High-growth startups are leveraging AI-powered user profiling for deep personalization and operational improvements.
- Examples include Droom's Orange Book Value and TrulyMadly's use of AI for meaningful matchmaking based on user data.
- Pristyn Care improved its day-to-day operations using GenAI for training and patient interactions, boosting lead accuracy.
- GenAI adoption is reshaping traditional roles in industries, such as product management roles evolving into tech-driven functions.
- Startups are urged to prioritize cloud infrastructure early on for speed and convenience, with a focus on scalability and modernization.
- AI-ready data stacks and cloud infrastructure are crucial for startups to drive innovation and achieve long-term growth and profitability.
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Gritdaily
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Dr. Tejal Aslesh Tailor: Biotech Innovation Without Access Isn’t Healthcare at All
- Many in the United States rely on fundraising platforms for life-saving treatments due to expensive biotech innovations like Zolgensma, a gene therapy for spinal muscular atrophy costing almost $2 million per patient.
- Dr. Tejal Aslesh Tailor, a neuroscientist and molecular biologist, focuses on developing innovative therapeutic strategies for rare genetic disorders, aiming for accessibility and equal opportunity in healthcare.
- Collaboration with key stakeholders, like Cure SMA, is emphasized by Dr. Tejal to bridge the gap between innovation and impact for patients, advocating for increased awareness and access to treatment.
- Dr. Tejal stresses that innovation should be coupled with accessibility in healthcare, highlighting the importance of ensuring breakthrough treatments are available to all patients, regardless of economic status.
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Silicon
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Samsung ‘In Talks’ To Put Perplexity AI On Phones
- Samsung Electronics is in talks with AI start-up Perplexity to potentially integrate its tools into Samsung devices.
- The discussions involve preloading Perplexity's app and assistant in upcoming Samsung devices and integrating its search features into Samsung's web browser.
- A potential deal could result in Perplexity being a default assistant option in the Galaxy S26 smartphone range, and Samsung is expected to be a major investor in the upcoming funding round for Perplexity.
- Apart from device integration, talks also include the possibility of building an AI-oriented operating system and an app for AI agents using Perplexity's and other AI companies' tools.
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Eu-Startups
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British startup Treefera secures €26.2 million to meet demand for supply chain transparency
- London-based startup Treefera secures €26.2 million in Series B funding for product development and expansion.
- Funding led by Notion Capital with follow-on from AlbionVC, Triple Point, Twin Path Ventures, and Endeit Capital.
- Treefera utilizes AI-enabled data fabric for supply chain visibility, improving efficiency and reducing environmental risks.
- Planned developments include enhanced geospatial analytics and regulatory compliance automation for North America, APAC, and Europe expansion.
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SiliconCanals
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UK’s ThreatSpike lands €12.2M: Wife-husband duo Kate and Adam Blake on ending a 14-year bootstrapping run and simplifying enterprise cybersecurity
- London-based cybersecurity provider ThreatSpike secures €12.2M in Series A funding led by Expedition Growth Capital, supporting global expansion and team growth.
- Expedition Growth Capital praised ThreatSpike for high customer satisfaction and referred growth, with Will Sheldon and Emily Orton joining the board of directors.
- The funding will facilitate hiring across engineering, security operations, and go-to-market teams, aiming for a 75-person team by year-end.
- ThreatSpike's platforms, such as ThreatSpike Blue and ThreatSpike Red, offer managed detection, response and unlimited penetration testing.
- Founded in 2011 by Adam and Kate Blake, ThreatSpike addresses cybersecurity fragmentation by standardising threat detection and investigation.
- The company simplifies cybersecurity through AI-driven real-time threat monitoring and response, enhancing incident triage and resolution efficiency.
- Having been bootstrapped for 14 years, ThreatSpike emphasizes the struggle in scaling due to financial constraints and the vendors' complex cybersecurity product offerings.
- Adam Blake highlights industry failures in delivering straightforward cybersecurity solutions, pointing out vendors' fragmented toolsets and unclear coverage.
- ThreatSpike serves over 200 customers worldwide, including industry leaders in various sectors, aiming to mitigate cybersecurity challenges with streamlined solutions.
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Startup Pedia
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'We have companies posing as tech': Anupam Mittal says India has no real tech firm
- Anupam Mittal, the CEO of Shaadi.com and Shark Tank India judge, criticized the Indian startup ecosystem for lacking real tech firms that can match the innovation and profitability of U.S. giants like Apple, Meta, and Google.
- Mittal highlighted that many Indian startups are chasing tech valuations without the requisite technology, with some even posing as tech companies to attract higher valuations.
- He emphasized the difference between true tech companies driven by proprietary technology and strong margins versus 'tech-enabled' businesses that only use digital tools to operate.
- Mittal also expressed concerns about the negative impact of excessive scrolling on young Indians, warning about the consequences of overstimulation and under-inspiration caused by technology, social media, and AI-driven content.
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Inc42
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Tata Electronics Plans Malaysia Entry Through Chip Fab Buyout
- Tata Electronics is in talks to acquire a fabrication or OSAT facility in Malaysia with the help of global semiconductor players.
- The acquisition aims to enhance Tata group's knowledge and talent base for its semiconductor assembly and packaging business expansion in India.
- Malaysia is emerging as a leader in the global semiconductor supply chain, attracting significant FDI and investment from companies like Intel.
- Tata Electronics has been forming strategic partnerships in the semiconductor industry to boost its operations and contribute to the chip revolution.
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Inc42
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[Update] Stable Money Bags INR 173 Cr From Fundamentum, Others
- Stable Money has secured INR 173 Cr in its Series B funding round led by Fundamentum Partnership, Aditya Birla Ventures, and other existing investors.
- The fintech startup plans to utilize the funding to enhance wealth product offerings, expand partner network, and reach investors in Tier II and III towns.
- Stable Money aims to partner with eight new banks and NBFCs by 2025 and focus on growing demand through marketing expansion.
- The round follows the startup raising a total of $35 Mn with Fundamentum holding 7.94% stake and Matrix Partners holding 18.97% stake.
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Economic Times
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Simplilearn appoints Jitendra Kumar as CTO to lead AI-first strategy
- Simplilearn appoints Jitendra Kumar as its chief technology officer (CTO) to lead the AI-first strategy.
- Kumar will focus on embedding AI technologies to personalize learning and enhance global impact.
- His previous tenure at Simplilearn involved developing web and mobile platforms for rapid scale-up.
- Before rejoining Simplilearn, Kumar was the cofounder and CEO of HappyCredit, a fintech startup, and built an AI-powered video content creation platform called ReelOn.
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ISN
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Grid AI launches WhatsApp bot that scans paper business cards and streamlines contacts for easy networking
- Grid AI has launched a WhatsApp bot that allows users to scan and save business cards by sending a photo to a specific WhatsApp number.
- Users receive a structured contact inside WhatsApp, which includes features like an "Add to Contacts" button, a "Direct Message" button, and the ability to export to Excel or integrate with a CRM.
- Grid AI aims to simplify how professionals manage connections, offering a B2B Networking platform with more than 2.5 lakh businesses listed across various industries pan India and in 7 countries.
- In addition to the WhatsApp bot, Grid AI provides tools for creating business websites, digital profiles, QR-based registration for events, networking app, and analytics tracking to streamline networking processes.
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Insider
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Windsurf's CEO says big teams can kill new ideas
- Windsurf's CEO Varun Mohan recommends keeping early-stage product teams lean with ideally just three to four people.
- Mohan mentioned that having as many as 10 people working on an unproven idea can lead to alignment and communication issues.
- The CEO emphasized that small, opinionated teams moving fast to prove an idea is a good approach, even if the initial version is not perfect.
- Windsurf, a startup known for its AI-powered coding development tool, does not set fixed budgets for early-stage projects and evaluates progress over time.
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Dev
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If You’re Trying Hard But Getting No Results — This Is What Helps Me
- Focus on identifying and fixing the main obstacle instead of trying everything at once to see significant progress.
- The principle of finding and removing the biggest constraint first comes from the book 'The Goal' by Eliyahu Goldratt, and it can be applied in various areas.
- In any system, there exists one bottleneck that limits results, whether it's internal (process or team) or external (market or resources). Removing this bottleneck is crucial for success.
- This approach differs from setting priorities based on feelings by providing a clear focus on where to act for the most significant impact, making it ideal for situations with limited resources and the need for fast results.
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Mit
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Teaching AI models what they don’t know
- Artificial intelligence systems like ChatGPT can provide answers, but they may not reveal gaps in knowledge or uncertainties.
- MIT spinout Themis AI is helping quantify model uncertainty to correct unreliable outputs quickly.
- Capsa platform works with any machine-learning model to detect ambiguity, incompleteness, or bias.
- Themis AI's co-founder Rus emphasizes improving models and offering guarantees of correct functioning.
- The company has worked with telecom, oil, and gas companies, aiming to make AI systems transparent and reliable.
- Rus' lab researches model uncertainty, with past work detecting bias in facial recognition systems and aiding drug discovery predictions.
- Capsa helps large language models self-report confidence and uncertainty for reliable outputs.
- Themis AI is exploring Capsa's potential for improving accuracy in chain-of-thought reasoning in AI.
- The company aims to make AI more impactful and trustworthy, addressing concerns surrounding AI developments.
- Rus sees Themis AI as an opportunity to apply research for societal good and build trust between people and AI technologies.
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Inc42
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Legacy Giants Ahead In EV Race, Udaan’s $114 Mn Fundraise & More
- Ola Electric has lost its second spot to Bajaj Auto in the electric two-wheeler market, with E2W registrations growing 4% to 96,114 units in May.
- In May, TVS, Bajaj Chetak, and Hero MotoCorp's Vida brand saw growth in registrations, while Ola Electric and Ather Energy experienced declines.
- Ola Electric faced a MoM sales decline for the second consecutive month in May due to losses, regulatory scrutiny, and operational issues.
- Udaan closed a $114 million Series G funding round, with investments from M&G Prudential and Lightspeed Venture Partners.
- Tesla expressed disinterest in manufacturing in India despite the new EV policy allowing OEMs to import certain EVs at a reduced customs duty.
- Aequs filed its DRHP for a $200 million IPO after becoming a public entity, focusing on manufacturing parts for various industries.
- Meesho's shareholders approved the issuance of 411 million bonus shares as it prepares for a $1 billion IPO at a $10 billion valuation.
- Pepperfry is raising INR 43 crore by issuing Series 12A CCPS, while Zepto faced licence revocation in Mumbai due to food safety violations.
- VinFast aims to increase its annual EV production in India to 1.5 lakh units with plans for exports and significant hiring by 2030.
- Snitch, a D2C apparel brand, raised $40 million in its Series B round, led by 360 ONE Asset and other investors.
- ZenStatement, an Indian startup automating financial management for SMEs, offers real-time financial visibility and has processed $10 billion in transactions.
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