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Startup News
Startup Pedia
3h
308
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IITian Co-Founder’s Response To Candidate Who Backed Out Just 2 Days Before The Joining Date Goes Viral - “Reflects Poorly,” He Wrote
- Srijan R Shetty, an IIT-educated co-founder of Fuze Finance, responded to a candidate who backed out just two days before the joining date.
- The candidate backed out citing a better offer elsewhere and personal reasons, prompting Srijan to express disappointment in the lack of open communication.
- Srijan mentioned Fuze Finance's flexibility in accommodating the candidate's needs and emphasized the importance of honesty and open communication in professional interactions.
- The response from Srijan went viral online, sparking debates on the ethics of accepting offers and the challenges candidates face in such situations.
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The Robot Report
3h
288
Augmentus raises Series A+ funding to reduce robot programming complexity
- Augmentus raises $11M in Series A+ funding to accelerate regional deployment.
- The company aims to advance AI-driven robots for factory automation and make programming easier.
- Augmentus solution integrates 3D scanning, toolpath generation, and adaptive motion control.
- Funds will be used for development of 'augmented robotics' for real-time adjustments.
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Siliconangle
3h
33
Image Credit: Siliconangle
Augmentus lands $11M to scale no-code robot programming
- Singapore-based no-code robotics startup Augmentus Pte. Ltd. secures $11 million in funding to expand deployment of autonomous robotic systems, cater to manufacturing demand, and enhance AI-driven technology.
- Founded in 2019, Augmentus aims to simplify industrial robot programming by eliminating the need for vendor-specific code, drastically reducing programming time from weeks to minutes.
- Augmentus addresses the complexity of robot programming by utilizing industrial 3D scanning, AI-powered path planning, and real-time feedback for robots to adjust trajectories on the fly, resulting in significant efficiency improvements.
- The company's solutions are well-suited for applications like surface finishing, shot-peening, spraying, and welding in high-mix environments. With customers in aerospace, heavy industry, and energy sectors, Augmentus seeks to advance research into hyper-adaptive robotics for complex automation challenges.
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ISN
3h
108
Image Credit: ISN
IIT Delhi-incubated deeptech startup Green Aero raises $1.6 million
- Green Aero, a deeptech startup incubated at IIT Delhi, secures $1.6 million in seed funding from pi Ventures and Antler.
- The funding will aid Green Aero in advancing its propulsion systems for defence and hydrogen-powered civil aviation, aiming to reduce India's dependency on imports.
- Founded by Prithwish Kundu in late 2023, Green Aero aspires to enhance aerospace propulsion in India, targeting engines with twice the efficiency of current models.
- The startup successfully test-fired The Blue Dragon, India's first hydrogen-based aero engine core, with plans to develop zero-emission engines for future hydrogen aircraft.
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Inc42
4h
338
Image Credit: Inc42
Can Good Monk Take On Pediasure & Horlicks With Its Sprinkle-First Strategy?
- Amarpreet Singh Anand left corporate career to launch Good Monk for kids' nutrition.
- Good Monk offers nutritional sprinklers for kids and elderly, focusing on easy consumption.
- Brand prioritizes clean-label, clinically proven products, aiming for 5X revenue growth.
- Competing with established brands, Good Monk aims to redefine daily nutrition in India.
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18 Likes
Inc42
4h
228
Image Credit: Inc42
Reliance’s Jio Platforms Puts IPO On Hold: Report
- Reliance's Jio Platforms has reportedly postponed its IPO plans for this year to focus on strengthening its business performance and expanding core operations.
- Analysts value Jio Platforms at about $100 billion, but the company aims to increase this valuation before listing, driven by growth targets in revenue, customer base expansion, and digital services enhancement.
- Jio Platforms, predominantly generating revenue from its telecom unit Jio Infocomm, saw revenue rise to INR 1.28 lakh crore and a net profit increase to INR 26,120 crore in the last fiscal year.
- In addition to telecom, Jio is venturing into satellite communications through partnerships like Orbit Connect India with SES and offering Starlink's broadband services in collaboration with SpaceX to complement its AI strategy and revenue diversification efforts.
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Eu-Startups
4h
104
London-based ScienceMachine raises €2.9 million for BioTech analysis with a team of only two and without spending “a cent on marketing”
- ScienceMachine, a British AI startup, raised a €2.9 million pre-Seed funding round to accelerate BioTech data analysis using autonomous AI agents.
- The funding, led by Revent and Nucleus Capital, supports product development, hiring, and aims to help biopharma make discoveries faster and cheaper.
- ScienceMachine's AI agent, Sam, automates data analysis for BioTech organizations, claiming to outpace larger teams 100 times their size.
- Without marketing spend, ScienceMachine is delivering production-level AI automation, reducing costs, accelerating scientific discovery, and expanding its reach into larger companies.
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ISN
4h
108
Image Credit: ISN
Apple appoints Indian-origin Sabih Khan as its COO; Cook says, 'Sabih leads with his heart...'
- Apple has appointed Indian-origin Sabih Khan as its new Chief Operating Officer (COO), succeeding Jeff Williams.
- Jeff Williams, the current COO, will transition his role to Khan later this month in a planned succession.
- Tim Cook, Apple's CEO, praised Williams for his contributions and legacy while expressing confidence in Khan's ability to lead as COO.
- Khan, who has been at Apple for 30 years, has played a pivotal role in Apple's supply chain, technological advancements, and environmental sustainability efforts.
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6 Likes
Inc42
4h
299
Image Credit: Inc42
Varthana Nets INR 159 Cr Debt To Scale Affordable Schools, Boost Green Infra
- Varthana, an education-focussed NBFC, secures INR 159 Cr in debt funding.
- Funding from BlueEarth Capital, Franklin Templeton AIF, and responsAbility to scale affordable schools and boost green infrastructure.
- Varthana to expand access to quality education, support energy-efficient infrastructure, and promote renewable energy solutions in schools.
- The NBFC has financed over 12,000 private schools, offers low-cost loans, and focuses on skilling sector development.
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17 Likes
Inc42
4h
122
Image Credit: Inc42
Can CureBay’s Doorstep Care Model Bridge India’s Rural Health Gap?
- Accessibility remains a major challenge in bridging India's rural-urban healthcare divide.
- CureBay aims to provide basic healthcare services to underserved rural areas through a hybrid model.
- The startup integrates technology with physical care, offering consultations, medicines, diagnostics, and referrals.
- With a focus on AI in healthcare, CureBay plans to expand to reach millions more.
- Despite facing competition, CureBay has gained investor confidence and shown significant growth.
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7 Likes
ISN
5h
48
Image Credit: ISN
NRI-focused fintech startup Belong raises Rs 43 crore in a round led by Elevation Capital
- Belong, a fintech startup catering to NRIs, has raised approximately Rs 42.9 crore in a funding round led by Elevation Capital.
- The seed funding round saw participation from Relentless Ventures, Urban Company co-founders, Zomato CFO, Mamaearth CEO, and others.
- Founded in 2024, Belong offers USD-denominated fixed deposit products and plans to expand its financial services for NRIs across key markets.
- The startup, based in GIFT City, aims to acquire regulatory licenses, grow its product suite, and enhance operations with the fresh capital raised.
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2 Likes
Inc42
5h
295
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Chai Bisket Raises $5 Mn To Launch Microdrama OTT Platform
- Digital content startup Chai Bisket raised $5 Mn in seed funding to launch an OTT platform called Chai Shots, led by InfoEdge Ventures and General Catalyst.
- The funding round included angel investors such as Swiggy and redBus cofounders, aiming to release over 100 original shows in the first six months on a short-form platform.
- Chai Shots, launching soon in early access, will offer original content initially in Telugu and expand to multiple languages. Chai Bisket creates various digital content types.
- The move comes amidst the rising popularity of microdramas in India, reflected in the market's projected growth to nearly $12 Bn by 2030. Several platforms are exploring short-format content, including Amazon's MX Fatafat and JioHotstar.
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Eu-Startups
5h
110
London-based Wrisk raises €13.9 million for their embedded vehicle insurance platform
- British InsurTech startup Wrisk has secured €13.9 million in Series B funding to support its embedded insurance platform for the automotive OEM sector.
- The funding round was co-led by Mundi Ventures and Opera Tech Ventures, with existing investors QBN and Volution participating as well.
- Wrisk aims to accelerate UK and European growth, enhance data capabilities, and scale partner programmes to transform how insurers and automotive brands interact with customers.
- Wrisk's platform provides data-driven, branded insurance experiences across the ownership lifecycle and powers insurance programmes for major automotive brands.
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6 Likes
AllTopStartups
5h
269
Image Credit: AllTopStartups
Navigating Business Taxes as a Startup
- Startup taxes are a daunting task with various obligations, deductions, and deadlines.
- Understanding tax responsibilities and which taxes apply to your business is crucial.
- Choosing the right tax structure, considering deductions, and quarterly payments are key.
- Professional help, meticulous record-keeping, and informed decisions can make navigating taxes easier.
- Mastering tax basics is essential for a startup’s success and financial stability.
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16 Likes
Medium
6h
27
Image Credit: Medium
How I Saved $50K by Deleting Unused Features
- By deleting unused features, the author saved $50,000 in annual expenses and redirected the team's focus.
- The author assessed the analytics dashboard and found many features with minimal to no user engagement, yet requiring maintenance.
- Working with the DevOps lead, the author calculated the real cost of each feature based on CPU, storage, and maintenance time.
- The author communicated with the team and key customers before safe removal of features using a 'feature-toggle' branch to monitor potential issues.
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