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Inc42
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Pepperfry To Raise INR 43 Cr From Existing Investors
- Pepperfry, a D2C furniture startup, is set to raise a funding of INR 43.3 Cr from existing investors General Electric, Norwest Venture Partners, and Goldman Sachs.
- The fundraise is likely a part of a larger ongoing round as per the MCA filing.
- The company passed a special resolution to approve the issue of 5,59,463 Series 12A Compulsorily Convertible Preference Shares (CCPS) at an issue price of INR 775 per share.
- Pepperfry, which offers a wide range of furniture and home products, has raised over $305 Mn in total funding till date and narrowed its net loss by 37.4% in FY24.
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AllTopStartups
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Innovative Real Estate Solutions for Quick Home Sales
- Innovative real estate solutions offer quick home-selling options in competitive markets, catering to urgent sales needs.
- Explore iBuyer direct sales for lightning-fast transactions, providing instant cash offers, minimal repair needs, and flexible closing dates.
- Partnering with expert real estate agents can expedite the selling process, leveraging their market know-how, negotiation skills, and network connections.
- Consider traditional agent sales for full-service support, market expertise, strategic pricing, targeted marketing, and effective negotiations.
- For Sale By Owner (FSBO) selling allows control over pricing, marketing, and negotiations but demands hands-on effort and time commitment.
- Utilize virtual reality tours to showcase properties globally, offering immersive experiences, expanded reach, and cost-effective showings.
- Implement digital twin technology to provide 3D virtual replicas of homes, enhancing buyer engagement, reducing sales time, and cutting costs.
- Leveraging blockchain technology ensures secure and transparent transactions, reducing fraud risks, automating processes, and accelerating closings.
- Adopt real estate CRM tools for streamlined communication, automated marketing, lead management, data insights, and organized buyer interactions.
- Enhance property listings with drone photography to offer aerial views, highlight amenities, and showcase unique perspectives for a competitive edge.
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AllTopStartups
1M
127
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Holiverse Is Real or Fake: A Future-Defining Platform Transforming the Interconnected World
- Holiverse is an ecosystem combining immersive tech, genomics, and modern financial systems, actively shaping the future by expanding what’s possible.
- The platform uses cutting-edge solutions like developing virtual twins based on genetic data, personalized health simulations, and lifestyle recommendations.
- Holiverse integrates sophisticated AI-based models for personalized wellness strategies, identity recognition, and decentralizes financial architecture through blockchain technology.
- Holiverse is validated as a real, functional tool delivering tangible benefits, positioning itself as a frontrunner in digital evolution and offering personalized solutions for individuals in education and financial growth.
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Eu-Startups
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German PropTech startup Lumoview raises €3 million for technology that captures building data in 2 seconds per room
- German PropTech startup Lumoview raised €3 million in a Seed financing round to accelerate the transformation towards energy-efficient buildings.
- The funding includes a €2.5 million grant from the European Commission's EIC Accelerator programme, bringing the total available funding to over €5.5 million.
- Lumoview, founded in 2019, uses advanced imaging and sensor technologies to capture building data quickly, with data captured in just 2 seconds per room.
- The company aims to provide efficient digital data foundation for retrofitting existing buildings, contributing to reducing CO₂ emissions in the building stock and accelerating growth in Europe.
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UX Design
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Defining consistency, AI pace layers, responsible gamification
- Consistency in product design should prioritize solving real user problems over adhering to patterns.
- AI's infinite memory poses challenges to how humans think and remember.
- Responsible gamification in UX involves understanding motivation, dopamine, and behavioral design.
- Weekly curated resources for designers addressing various design challenges and insights.
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TechCrunch
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Scale AI hires team behind remote developer recruiting platform Pesto AI
- Data-labeling startup Scale AI has acquired the team behind Pesto AI, a remote developer recruiting platform.
- Pesto AI, founded by Ayush Jaiswal and Swiggy's co-founder Rahul Jaimini in 2017, has raised over $8 million in funding but will be shutting down its operations.
- Ayush Jaiswal, now head of growth at Scale, expressed excitement about joining Scale AI in a blog post and mentioned their focus on leveraging AI to create meaningful opportunities globally.
- Scale AI's acquisition of Pesto AI indicates a strategic move into the developer recruitment space, but Scale AI has not provided comments on the acquisition.
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Pymnts
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SemperVirens Launches Accelerator as FinTechs Scramble for Post-Seed Growth
- SemperVirens Venture Capital has launched an accelerator program for B2B FinTechs focusing on healthcare, wealth-management, and workplace sectors.
- The accelerator aims to fast-track revenue by facilitating deal discussions with potential customers and providing real-time product feedback.
- SemperVirens' existing network of benefits brokers, health plans, and large employers is leveraged to support seed-to-Series A companies in the program.
- The accelerator focuses on AI tools to help healthcare companies improve employee relationships efficiently, and plans to invest in 30% to 50% of the accelerator graduates.
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Economic Times
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Furniture retailer Pepperfry raises Rs 43 crore from existing investors
- Furniture retailer Pepperfry raises Rs 43.3 crore from existing investors including Norwest Venture Partners, Goldman Sachs, and others.
- General Electric Pension Trust led the round with an investment of Rs 21.5 crore, followed by other investors like Norwest Venture Partners and Panthera Growth Partners.
- The company issued around 5.6 lakh compulsorily convertible preference shares with a face value of Rs 775 each on a private placement basis.
- Pepperfry had postponed its planned initial public offering (IPO) last year to focus on growth and profitability, and in FY24 reported a decline in operating revenue but reduced losses.
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Inc42
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228
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EV 2-Wheeler Registrations: TVS Retains Top Spot In May, Bajaj Zooms Past Ola Electric
- TVS Motor retained its top position in India's electric two-wheeler market in May, with escooter registrations increasing by 19% to 23,704 units.
- Bajaj Auto surpassed Ola Electric in escooter sales, with Chetak escooter registrations rising by almost 8.5% to 20,756 units.
- Ola Electric slipped to the third position in May, with registrations declining over 9% to 17,947 units.
- Overall, electric two-wheeler registrations in India grew by 4% in May to 96,114 units compared to April.
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Medium
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How Interest Rates Quietly Control the Tech World (and Why You Should Care)
- Interest rates play a significant role in influencing the tech world, impacting startup valuations and investment decisions.
- Low interest rates make borrowing cheap, leading to increased tech investment and higher startup valuations.
- Conversely, high interest rates result in expensive borrowing, making investors cautious and shrinking tech investments.
- Changes in interest rates not only affect tech companies but also impact consumer spending, ultimately influencing the overall tech ecosystem and market dynamics.
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ISN
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246
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Bengaluru-based Udaan raises $114 million from existing investors ahead of planned IPO
- Bengaluru-based B2B e-commerce platform Udaan raises $114 million in fresh equity funding round from existing investors M&G Investments and Lightspeed Venture Partners.
- Udaan's total capital raised reaches nearly $2 billion ahead of planned IPO in 2026, with the latest round maintaining its valuation at around $1.8 billion.
- The funds will be used to expand Udaan's presence in high-volume verticals like FMCG and HoReCa, and to focus on private-label offerings, aiming for contribution margin growth.
- Udaan aims to achieve group-level EBITDA profitability in the next 18 months, with reported revenue growth in FY24 and strategic cost reduction initiatives.
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Infoq
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151
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Java 25 Introduces Stable Values API for Deferred Immutability and Improved Application Startup
- JEP 502, Stable Values (Preview), now Completed for JDK 25, introduces computed constants for deferred immutability and improved application startup.
- Stable Values API offers deferred immutability by allowing objects to be initialized once at any point during execution, enhancing performance and flexibility.
- The new API prevents performance issues related to eager object initialization and enables JVM constant-folding optimizations.
- Stable Values API introduces StableValue class for immutable value holders, stable suppliers, and stable lists, optimizing application startup and initialization strategies.
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Eu-Startups
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411
Copenhagen-based deepdots raises €5.5 million to scale AI-driven customer feedback platform
- Copenhagen-based deepdots raises €5.5 million in Seed funding to scale AI-driven customer feedback platform.
- Funded by Dawn Capital, Maki.vc, and angel investors including Geeta Schmidt (former CEO of Humio).
- deepdots uses AI to streamline customer feedback analysis, achieving human-level accuracy and enhancing customer experience.
- The company plans to expand its end-to-end platform, focusing on data collection, analysis, and action in the voice-of-customer lifecycle.
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Inc42
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132
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VinFast Eyes Up To 1.5 Lakh Annual EV Production In India
- VinFast plans to increase its annual electric vehicle production in India to up to 1.5 lakh units and export them to the Middle East and Africa.
- The company aims to start with manufacturing 50,000 electric cars per year and gradually ramp up production based on market demand.
- VinFast is looking to hire up to 3,500 employees in India by 2030 and has already interviewed 400 candidates from different universities in Tamil Nadu.
- The Vietnamese EV major is set to launch its VF7 and VF6 models in India ahead of the festival season, with plans to showcase the vehicles at malls and airports before opening bookings.
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AllTopStartups
1M
77
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Rough Terrain Forklifts vs. Standard Forklifts: What’s the Difference?
- Forklifts are crucial for industrial and construction operations, with rough terrain and standard forklifts being common types used in different environments.
- Rough terrain forklifts have a robust design for outdoor work, with higher ground clearance and diesel engines, while standard forklifts are more compact and suitable for indoor spaces with various power options.
- Rough terrain forklifts use pneumatic tires for better traction on uneven ground, while standard forklifts often have cushion or solid pneumatic tires for indoor surfaces.
- Rough terrain forklifts excel in strength and stability across challenging terrains but are less maneuverable and suited for indoor use compared to standard forklifts.
- Rough terrain forklifts have higher upfront and maintenance costs, while standard forklifts, especially electric models, are more cost-effective and eco-friendly.
- Operators of rough terrain forklifts require training for handling unstable surfaces, while standard forklift operators need precision control in confined spaces.
- New training requirements under the Workplace Safety and Health Act mandate regular refresher courses for forklift operators to ensure safety and competence.
- Choosing the right forklift involves considering terrain, operational needs, and training requirements to enhance safety, efficiency, and productivity.
- Understanding the differences between rough terrain and standard forklifts is crucial for making informed decisions that align with your business's operational demands.
- Whether operating outdoors or indoors, selecting the appropriate forklift will lay a strong foundation for long-term operational success.
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