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Startup News
ISN
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After reporting Rs 930 crore profit, Paytm gets NPCI's approval to onboard new UPI users
- Paytm has received approval from NPCI to onboard new users on its UPI platform.
- The approval comes after 9 months of restrictions imposed by RBI.
- Paytm's approval comes with compliance requirements and strict conditions.
- This approval is expected to boost Paytm's transaction volumes and help the company regain lost ground.
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Yourstory
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Freshworks rolls out Freddy AI Agent to elevate customer and employee experience
- Freshworks has introduced Freddy AI Agent to enhance customer and employee experience.
- The AI agents have resolved an average of 40% of customer support requests and 45% of IT service inquiries.
- Freddy AI Agent can be deployed within minutes without coding or model training.
- The autonomous agent provides human-like, multi-channel support with privacy controls.
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Eu-Startups
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Lisbon-based Sensei raises €15 million to revolutionize autonomous retail
- Portuguese scaleup Sensei has secured €15 million in a Series A funding round to expand its autonomous retail technology.
- Sensei plans to have 1,000 fully autonomous points of sale by 2026, reshaping the shopping experience with its breakthrough technology.
- The funding, led by BlueCrow Capital, will support Sensei's expansion across Europe and the opening of the world's largest autonomous store next year.
- Using computer vision and AI-powered sensors, Sensei eliminates checkout lines and offers a seamless shopping experience.
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Inc42
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Kerala Startup Mission Invests INR 15 Cr In Transition VC To Drive Clean Energy Goals
- Kerala Startup Mission (KSUM) has invested INR 15 Cr ($150 Mn) in Transition VC to drive clean energy goals.
- The investment aims to boost development of startups in clean energy and decarbonisation.
- Transition VC will provide financial support to deeptech energy transition startups and help expand their global outreach.
- This collaboration aims to accelerate the energy transition in Kerala and promote sustainable energy solutions.
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Hackernoon
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Meet Unbench, Startups of the Year 2024 Nominee
- Unbench, a platform aimed at connecting businesses with tech talent has been nominated for the Startups of The Year awards in North America organized by HackerNoon.
- Unbench helps businesses scale efficiently by quickly connecting them with highly-skilled developers available on-demand.
- Unbench evolved its platform to offer collaboration and communication features alongside talent matching in response to user feedback.
- Key indicators of Unbench's product-market fit include high developer availability and clients from across different geographies.
- Unbench faced challenges in building trust and attracting both businesses and development teams to their platform.
- To improve transparency and user experience, Unbench offered flexible terms and improved visibility into developer availability and expertise.
- Unbench has met its milestones and achievements, including securing notable awards from CSS and Awwwards in 2023.
- Participating in HackerNoon's Startups of the Year awards is a great opportunity for Unbench to gain visibility, attract new clients, and learn from other innovators.
- Unbench remains focused on providing businesses with the tech talent they need to grow.
- You can vote for Unbench in the Startups of The Year awards here.
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Hackernoon
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Meet Semillas Urbanas Mexico, Startups of the Year 2024 Nominee
- Semillas Urbanas México has been nominated in HackerNoon's annual Startups of The Year awards in Guadalajara, Mexico.
- Semillas Urbanas México is transforming real estate investment through innovative crowdfunding, making property investment accessible to a broader audience.
- They have achieved product-market fit by successfully identifying their Proof-of-Concept (PoC) and refining their Minimum Viable Product (MVP).
- Being part of Startups of the Year is an opportunity for Semillas Urbanas México to connect with fellow entrepreneurs and showcase their ambitious goals.
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Eu-Startups
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Berlin-based Dunia.ai raises €10.6 million to accelerate clean energy innovations
- Berlin-based Dunia.ai has raised €10.6 million in funding co-led by Elaia and redalpine to accelerate clean energy innovations.
- Dunia combines AI algorithms with a self-driving lab to discover advanced materials for power-to-x electrocatalysts and CO2 conversion.
- The platform aims to address the global energy transition towards low-carbon fuels and chemicals.
- Dunia's technology offers faster material discovery with significant environmental benefits.
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Eu-Startups
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Explore Malta’s emerging tech ecosystem: A growing hub for startups and innovation
- Malta is becoming a hotspot for innovation and entrepreneurship.
- The country offers a strong startup ecosystem with pro-business policies and a thriving tech infrastructure.
- Maltese-founded startups have reached a combined enterprise value of €4.6 billion, with key industries including fintech and enterprise software.
- Malta's tech ecosystem is supported by collaboration, resources like the EU-Startups Summit, and the newly launched Malta Tech Ecosystem Database.
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Hackernoon
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Meet Dealscard, Startups of the Year 2024 Nominee
- Dealscard has been nominated in HackerNoon's annual Startups of The Year awards in Sultanpur, India.
- Dealscard simplifies online shopping by curating top deals, helping shoppers find the best value for their money.
- Dealscard is dedicated to helping savvy shoppers score deals on the products they love.
- Dealscard is a nominee for HackerNoon's Startups of The Year 2024 awards.
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ISN
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Zomato once again hikes platform fee to Rs 10 ahead of festive season, says 'It has increased slightly'
- Zomato has hiked its platform fee to Rs 10 ahead of the Diwali festival.
- The increase in fee helps Zomato cover expenses and continue operations.
- The platform fee is an additional charge on every food order.
- Zomato's financial performance has been positively impacted by the platform fee.
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Startupreporter
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Beyond Badminton Court-Alina Kwatra’s journey of resilience, mentorship and sustainable contribution
- Alina Kwatra, an extraordinary junior badminton player from India, has become a beacon of hope and inspiration, particularly in her local community.
- Despite facing the challenging setback of the injury that has temporarily sidelined her competitive career, Alina, student of Modern School, Barakhamba Road, New Delhi, has not allowed this injury to deter her passion for the sport or her commitment to nurturing the next generation of badminton enthusiasts.
- Alina along with her twin brother Aarav Kwatra, who is also an extremely talented badminton player, contributes towards sustainability by volunteering for a green initiative Smiling Tree.
- Alina’s journey in badminton has been nothing short of remarkable. From a young age, she demonstrated an innate talent for the sport, quickly rising through the ranks in junior competitions.
- Understanding the importance of guidance and support in the development of young athletes, Alina initiated a community program aimed at teaching the fundamentals of badminton.
- Her approach is holistic; she emphasizes the significance of discipline, teamwork, and resilience—qualities that are essential both on and off the court.
- Alina’s dedication extends beyond just coaching. She is also committed to ensuring that every child has access to the necessary equipment to play badminton.
- What sets Alina apart is her ability to connect with her young mentees. She has an innate understanding of their challenges and aspirations, often sharing her own experiences to motivate them.
- Alina remains optimistic about her future in badminton. She is working closely with physiotherapists and trainers to ensure a safe return to the sport she loves.
- Alina Kwatra’s story is a powerful reminder of resilience, compassion, and the transformative power of sports.
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TechRound
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8 Startups Working to Improve Forestry
- Tech startups are leveraging satellite imagery, AI, and data analytics to enhance forestry.
- Timbeter provides AI-based solutions for timber volume calculation and management.
- Overstory uses satellite data and machine learning to monitor forests and mitigate risks.
- CollectiveCrunch analyzes climate and geospatial data to improve forest health and tackle climate change.
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SiliconCanals
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German startup Dryad Network raises €6.3M to advance its ultra-early wildfire detection technology
- German startup Dryad Networks has raised €6.3M to advance its ultra-early wildfire detection technology.
- Dryad Networks secured a €3.8M grant from the European Regional Development Fund (ERDF) and €2.5M in funding from First Imagine!.
- The funding will be used to scale the Silvanet wildfire detection platform and develop the Florian project, an autonomous drone-based system for wildfire suppression.
- Dryad aims to revolutionize wildfire management by detecting and suppressing wildfires at their earliest stages, minimizing damage.
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Yourstory
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3.2k
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India to play an important role in AI research: Meta Chief AI Scientist Yann LeCun
- India will play an important role in AI research, says Meta Chief AI Scientist Yann LeCun.
- India's potential lies in technology and product innovation on an international scale.
- Open-source platforms are crucial for the evolution of AI, according to LeCun.
- Building infrastructure and gaining government support are vital for India's AI ambitions.
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Inc42
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Centre Blasts X Over Flight Bomb Threats, Proposes AI solutions
- The central government of India has asked micro-blogging platform 'X' to take steps to curb rumours spreading on the platform after recent bomb threats received by Indian airlines.
- They have proposed using artificial intelligence-based solutions to block accounts sending threatening messages.
- Joint secretary Sanket S Bhondve held a virtual meeting with airline representatives and social media platforms including 'X' and Meta.
- Indian airlines have recently seen an increase in bomb threats, and the government is working on legal amendments to address these offences.
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