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Startup News
VIE Stories
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[Funding News] Transition VC Raises Rs 15 Cr From KSUM
- Transition VC, a venture capital fund specializing in energy transition, has raised Rs 15 crore investment from Kerala Startup Mission (KSUM).
- The partnership aims to assist energy transition startups at the local and national levels with financial support, strategic advice, and access to Transition VC’s specialized experts in deep-tech energy.
- This collaboration intends to utilize Kerala’s strong connections with research institutions to provide important assistance for expanding deep-tech companies.
- Transition VC is India’s 1st Energy Transition focused VC fund, working towards addressing the Climate Crisis and accelerating India’s goal of reaching Net Zero.
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Gritdaily
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Diane Fallier: An IT Educator and Cybersecurity Expert
- Diane Fallier is an expert in computer networking and cybersecurity education.
- She serves as a professor and coordinator of the Information Technology program at Nashua Community College.
- Fallier has over 30 years of experience in the IT sector and develops curricula for IT and cybersecurity courses.
- She is a member of various organizations and looks forward to retirement in the future.
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Hackernoon
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A Review of Sam Altman's Startup Playbook
- The Startup Playbook by Sam Altman provides valuable insights on building successful startups.
- Altman emphasizes the importance of starting small and focusing on creating something that a few people love.
- He challenges the notion of playing it safe and highlights the long-term risks of not pursuing your passion.
- Altman also highlights the significance of clarity of thought and communication in entrepreneurship and engineering.
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Yourstory
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Image Credit: Yourstory
Handbag maker Zouk raises $10M in Series B round led by Aavishkaar Group
- Zouk, a handbag maker, has raised $10 million in its series B funding round led by Aavishkaar Group.
- Other investors included Stellaris Venture Partners, Titan Capital, Sharrp Ventures, and the JJ Family.
- The funding will be used to expand Zouk's network of brand outlets, scale up marketing and supply chain, and invest in talent.
- Zouk plans to reach 75 stores and expand its product range, targeting a significant share of the Indian bags and accessories market.
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Eu-Startups
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Paris-based Fungiball secures €2.2 million to grow and scale its fantasy tennis platform
- Paris-based fantasy tennis platform, Fungiball, has secured €2.2 million in pre-seed funding.
- The funding will be used to scale the platform, enhance user experience, develop new features, and expand internationally.
- Fungiball aims to become the leading digital tennis platform, offering gameplay, fan engagement, content consumption, and a revenue stream for professional tennis players.
- The platform has attracted over 5,000 registered users since its launch and has partnerships with tennis superstars Daniil Medvedev and Alexander Zverev.
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Hackernoon
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Image Credit: Hackernoon
Meet Quatfit, The AI Innovator in HackerNoon’s Startups of the Year Awards!
- AI startup Quatfit has been nominated for Hackernoon's Startups of the Year awards in India.
- Quatfit is focused on creating cutting-edge solutions to help businesses optimize operations and achieve efficiency.
- The company's goal is to democratize access to AI technologies and provide tools that are powerful and easy to integrate for industries like healthcare, urban planning, and sustainability.
- Quatfit achieved product-market fit by offering scalable, reliable, and customizable AI solutions.
- The platform has received positive feedback from early adopters and industry experts.
- The India-based startup has expanded its product offering beyond niche industries to target a wider market.
- Quatfit has secured partnerships with leading enterprises and institutions in India and abroad.
- The company emphasizes the importance of staying agile and listening to users to provide real value to businesses.
- Being nominated for HackerNoon’s Startups of The Year validates Quatfit's innovations and gives it an opportunity to showcase its innovations to a global audience.
- Quatfit believes in harnessing the power of AI to empower businesses and enhance human potential.
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TechSpark
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Startup for 10: DigitalU3
- DigitalU3 is a technology startup that delivers AI-enabled applications for various industries.
- Their platform provides real-time predictive insights and automation to revolutionize operations.
- They are proud of building a scalable platform that offers easy adoption and delivers tangible ROI.
- The biggest challenge for them as a startup has been balancing rapid innovation with operational scale.
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TechRound
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Startups Changing the Tennis Industry
- Tennis is still popular due to its accessibility and weather-proof nature.
- While pickleball is gaining popularity, tennis remains popular.
- Startups like SwingVision, Volley, STRIKECO, Tennibot, and RacketPal are revolutionizing the tennis industry.
- These startups offer AI-powered apps, training machines, simulators, and community platforms to enhance tennis experiences.
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Yourstory
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Image Credit: Yourstory
Rapido partners with IndoFast Energy to roll out 10,000 swappable e-autos
- Rapido has partnered with IndoFast Energy to roll out 10,000 swappable Piaggio e-autos across India in the next 24 months.
- The partnership aims to add over 1,000 electric vehicles (EVs) to the country's public transport system by December this year.
- Rapido and IndoFast Energy launched a pilot in Bengaluru, Hyderabad, and Delhi in 2023 to integrate swappable battery technology into Rapido's platform.
- Over 100 battery swap stations have been set up in Hyderabad and Bengaluru, helping auto captains reduce downtime.
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Yourstory
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Image Credit: Yourstory
Why SingleStore is the ideal choice for real-time analytics and applications
- SingleStore is the world's fastest distributed SQL database for real-time analytical applications.
- The Leaders Exchange event highlighted the success stories of SingleStore in supporting real-time AI and analytics.
- Case studies from factors.ai, HPCL, BharatPe, and Freshworks showcased the benefits of leveraging SingleStore for growth and decision-making.
- Companies like Freshworks are focused on innovating with GenAI and revolutionizing customer experience through agentic actions.
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Inc42
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Image Credit: Inc42
Zomato Hikes Platform Fee To INR 10 Amid Festive Rush
- Foodtech major Zomato hikes its platform fee to INR 10 ahead of the festive season.
- The fee has increased by 400% since it was introduced at INR 2 last August.
- Zomato stated that the fee helps them pay their bills and maintain services during the festive season.
- Zomato collected INR 83 Cr through the platform fee till March this year.
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Inc42
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Image Credit: Inc42
DroneAcharya To Bring EU Defence Drone Tech To India
- Indian defence tech startup DroneAcharya has secured a contract from Krattworks to produce and distribute the Estonia-based company’s defence drone products in India.
- Krattworks offers advanced drone solutions, including jamming-resistant intelligence, surveillance, and reconnaissance (ISR) drones.
- The addition of Krattworks’ drones will enhance DroneAcharya's capabilities in providing advanced drone technology to the Indian defence forces.
- DroneAcharya aims to achieve 200% growth in revenue by FY25 and plans to increase the number of DGCA certified drone pilot training centres.
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Eu-Startups
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German climate tech autarkize raises €2.3 million to drive sustainable energy transition
- German climate tech startup autarkize has raised €2.3 million in seed funding.
- The funding will be used to accelerate expansion in biogas technology and heat and steam production.
- autarkize converts biogenic residues into renewable gas and biochar to decarbonize industrial processes.
- The startup's standardized containerized systems can integrate with existing biogas plants and provide solutions for decarbonizing heat.
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1 Like
Yourstory
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Image Credit: Yourstory
Zomato hikes platform fee to Rs 10 during festive season
- Zomato has hiked its platform fee in the range of Rs 8 to Rs 10 per order during the festive season.
- The increase is aimed at capitalizing on higher demand during the festive season.
- This comes after Zomato filed its second-quarter results and approved a plan to raise $1 billion.
- Last year, Zomato raised the platform fee to Rs 9 on New Year's Eve as a one-off hike.
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