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Inc42
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Yali Capital’s ‘Gani’ On Building A Deeptech Investment Thesis For India
- Bengaluru-based Yali Capital is a INR 810 Cr ($100 Mn) fund with a focus on deeptech investing across six major verticals including chip design, robotics, space, aerospace, and AI.
- Yali will put money in a maximum of 15 India-headquartered companies, with nearly a quarter of its fund earmarked for chip design.
- The fund's founders include semiconductor industry veterans Ganapathy Subramaniam, co-founder Cosmic Circuits, and Mathew Cyriac, formerly co-head of Blackstone India.
- Yali's third partner is Lip-Bu Tan, who has considerable experience as Cadence Design Systems' former CEO, a nominee of Walden International's chairman and a board member at Schneider Electric and Intel, among others.
- Recently, Yali Capital invested in the genomics start-up 4baseCare, robotics start-up Perceptyne Robots and fabless chip design firm C2i Semiconductors.
- Yali recognised the challenges in the deeptech space, notably the potentially long exit horizon, high gestation period, blind networks and the complexities of the sector.
- One prominent characteristic of this investment will be patience on the part of the investors, paired with a willingness to create solutions to product and IP maturity hurdles.
- Subhramaniam has expressed his confidence in India's emerging deeptech entrepreneurial scene.
- He also noted that companies need around four to five years to develop products and brands, while chips with 20-28 nanometer capacity are likely to be the first made in India.
- There is unlikely to be much room for new companies in the spacetech space, which is already dominated by a few top-performing companies, Subhramanian said.
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Yourstory
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Green Frontier Capital launches Rs 1,500 Cr fund aimed at climate tech startups
- Green Frontier Capital has launched the Green Frontier Capital India Climate Opportunities Fund.
- The fund aims to raise Rs 1,500 crore and will focus on climate tech startups.
- It will invest in startups that are accelerating India's low-carbon transition through digitization and emission reduction technologies.
- The fund represents Green Frontier's commitment to a future of sustainable growth and economic progress.
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TechCrunch
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Prosus eyes PayU IPO in 2025 after stellar Swiggy listing
- Dutch investor Prosus plans to list fintech firm PayU in 2025, with a valuation initially planned between $5 billion and $7 billion.
- PayU, which is wholly owned by Prosus, recently received approval to operate as a payment aggregator in India.
- PayU competes with Razorpay and PhonePe in India's digital payments market.
- Prosus is an investor in several Indian startups and expects more portfolio companies to go public within 18 months.
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ISN
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Easy Pay joins govt-backed ONDC to enhance MSME access to digital commerce
- Easy Pay has joined the Open Network for Digital Commerce (ONDC) as a seller, expanding its support to India’s micro, small, and medium enterprises (MSMEs) in digital commerce.
- Easy Pay aims to onboard 5,000 MSMEs by the end of the fiscal year, offering services that simplify operational tasks and provide seamless payment options.
- By joining ONDC, Easy Pay provides comprehensive financial services and marketplace access for MSMEs, helping them thrive in India’s booming digital economy.
- Easy Pay’s platform enables businesses to access real-time payments, credit facilities, and streamlined logistics support, making it easier for MSMEs to adopt digital solutions.
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Yourstory
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Inception to IPO and building institutions: The Swiggy story
- Swiggy's market capitalization reached $12.3 billion on its debut in India's public markets.
- Swiggy aims to build more innovative products for Indian consumers in the future, touching their lives positively.
- Swiggy's shares closed 10.48% higher than the listing price, making nearly 500 employees crorepati with the company's Employee Stock Ownership Plan (ESOPs).
- Investors remain bullish on Swiggy's potential, with a projected $50 billion opportunity in the quick commerce market and the success of the online food delivery model.
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Startupreporter
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WeThinkNorth Emerges as Digital Growth Partner for Wipro, Sanofi and Rising Startups
- WeThinkNorth is becoming the partner of choice for brands seeking impactful and strategic digital marketing solutions.
- The agency has established new standards in brand presence with its audience-centric strategies and customised branding solutions.
- WeThinkNorth has partnered with global players like Wipro and Sanofi to shape their digital presence and create brand loyalty among their audiences.
- The agency has also facilitated the Indian market entry for tech firm Tenstorrent and helped boutique investment firm Aequitas expand its global presence.
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Siliconangle
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Juniper invests in AI chip startup Recogni, details technical collaboration
- Juniper Networks Inc. has invested in AI chip startup Recogni Inc.
- Recogni has developed an AI chip called Pareto that is more efficient and smaller than competing chips.
- Pareto performs AI inference using additions instead of matrix multiplications, resulting in increased hardware efficiency.
- Juniper will support Recogni in building an AI inference system that can be installed in server racks.
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Yourstory
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Crafting Today’s Childhood: How Indian MSMEs are Reimagining Kids' Products
- Indian MSMEs and start-ups are creating innovative and sustainable children's products.
- They are driven by a growing consciousness among parents who seek products that support developmental milestones while being eco-friendly.
- DoughRe'Mom, founded by Deepti Bhandhari, creates eco-friendly playdough.
- VeeCap by BarathiDevi Garments, led by Santhosh Kumar, specializes in comfortable children's wear.
- Through their products, entrepreneurs aim to contribute to the child's growth and development while being kind to the planet.
- Their products are successful in the Indian market, with DoughRe'Mom's revenue growing 5X in just five years.
- Walmart Vriddhi, a free supplier development program, provides support to these MSMEs by giving them access to digital training, mentorship, and business advice.
- Entrepreneurs have leveraged this program to transform their traditional business models and establish a strong online presence.
- The impact is clearly visible in their growth trajectories, with BarathiDevi Garments witnessing an impressive 275% growth.
- The success stories of these businesses demonstrate the potential of small businesses in the children's product industry while maintaining a commitment to quality and sustainability.
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Yourstory
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ePlane Company bags $14M in Series B funding co-led by Speciale Invest, Antares Ventures
- Indian eVTOL player, ePlane Company, has raised $14 million in a Series B funding round.
- The funding round was co-led by Speciale Invest and Antares Ventures, with participation from other investors.
- The funds will be used for the development and certification of ePlane's manned aircraft.
- ePlane aims to revolutionize urban transportation with compact and sustainable eVTOL solutions.
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Medium
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Business Startups: Motivation and Ideas to Ignite Your Journey
- Startup founders are motivated by various factors, including financial independence, pursuing passions, and making an impact.
- Passion plays a significant role in guiding entrepreneurs through challenges and fostering dedication.
- Financial goals are crucial, and strategic planning helps entrepreneurs stay motivated and achieve success.
- Generating innovative business ideas involves research, identifying market gaps, and leveraging personal skills and experiences.
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Yourstory
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Diagnostic innovations in reproductive health
- Diagnostic innovations in reproductive health have seen significant advancements in India. Non-invasive diagnostic tests, prenatal testing and AI-powered fertility tools are being utilized in infertility diagnostics, to enable earlier and more accurate assessments, and sperm morphology analysis. Improved diagnostics for STIs, hormonal testing for PCOS and hormonal imbalances in men is gaining traction in Sexual wellness. These innovations are expected to enhance precision, accessibility, and personalized medicine in reproductive healthcare. The government’s initiative with Ayushman Bharat and big data analytics will help drive growth while telemedicine is set to improve health access in rural India.
- Infertility is on the rise in India with almost 15% of couples being affected. AI is playing a transformative role, particularly in In Vitro Fertilisation (IVF), where it assists in selecting high-quality embryos, boosting IVF success rates by as much as 20-30%. Non-invasive fertility tests are gaining popularity for easy access to tests for ovarian reserves, hormone levels, and sperm quality.
- Non-invasive prenatal testing (NIPT) is gaining popularity in pregnancy diagnostics. The market for this technology is projected to grow by 15% annually through 2025, according to the Indian Diagnostics Market Overview. Additionally, remote health monitoring solutions are becoming more integral in managing high-risk pregnancies. Mobile health apps and telemedicine are expanding access to essential maternal diagnostics.
- In addition to STI diagnostics, hormonal testing for conditions like polycystic ovary syndrome (PCOS) is gaining traction. Men’s reproductive health is also gaining more attention as the demand for diagnostics related to sperm health and hormonal imbalances is increasing, driven by better awareness and less stigma around male infertility.
- India’s reproductive health diagnostics market is expected to see robust growth. Innovations in AI-driven diagnostics, big data analytics, and digital health platforms will continue to enhance the precision and accessibility of healthcare. The integration of telemedicine, particularly in rural India, is set to improve access to diagnostics and medical consultations.
- Increased focus on preventive care, early detection, and personalised medicine is expected to enhance the overall reproductive health outcomes across the country, contributing to better health and wellness for future generations.
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StartupDaily
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Australia will force tech platforms to have a ‘digital duty of care’ to reduce online harms
- The Australian government plans to impose a “digital duty of care” on tech companies to reduce online harms.
- Tech companies such as Facebook, Google, and TikTok will need to protect consumers from harm on their online platforms.
- The proposed duty of care will require tech companies to conduct regular risk assessments to proactively identify harmful content.
- It will bring social media platforms in line with product manufacturers who already have a duty of care to ensure their products don’t harm users.
- This approach was recommended by the recent review of the Online Safety Act.
- Several experts have pointed out problems with the government’s plan to ban people under 16 from social media.
- A digital duty of care would address these concerns and remove harmful content without banning young people from accessing potentially beneficial material.
- The EU act sets out that if tech companies breach their duty of care to consumers, they can face fines of up to 6% of their worldwide annual turnover.
- The Australian government says it will strongly enforce the digital duty of care, including using penalty arrangements.
- Placing the onus on tech companies to remove harmful content is a positive step forward and will help make social media platforms a safer place for everyone.
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Yourstory
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Swiggy hits the ground running; A symphony of tech and performing arts
- The Confederation of All India Traders (CAIT), in a white paper, has accused quick commerce platforms like Blinkit, Swiggy Instamart, and Zepto of misusing Foreign Direct Investment (FDI) to subsidise unsustainable discounts and dominating supply chains to push small retailers such as kirana stores out of the market.
- Zomato's quick commerce arm Blinkit is piloting a large order fleet for larger items like luggage, air purifiers, PlayStation consoles and air fryers.
- Electric vehicle (EV) ride-hailing platform BluSmart reported a 77% year-over-year increase in its gross merchandise value (GMV) to Rs 275 crore in the first half of FY25 from Rs 155 crore in the year-ago period.
- Shares of Swiggy closed 10.48% higher at Rs 464 a piece on NSE on Wednesday as the food delivery and quick commerce firm made a strong debut on the domestic bourses.
- Ennoventure, BiteSpeed, and Zeplyn raised funding worth $8.9M, $3.5M, and $3M respectively.
- The Pallikoodam, a Chennai-based edtech startup, is imparting live online music and acting lessons to students across the world, with around 5,000 learners enrolled in its courses.
- Mynavi Corporation, one of Japan’s largest human resources (HR) firms, has adapted its approach to India with strategic investments and acquisitions to gain foothold into the local market. Its approach in India involves focusing on investments in promising startups and with the short-term and long-term targets of achieving revenue of $100 million in the next three years and $500 million over five to ten years.
- Japan's Seven & i Holdings has received a buyout proposal from a member of its founding Ito family, a potential $58 billion white-knight bid as it weighs a rival offer from Canada's Alimentation Couche-Tard.
- Just Eat Takeaway has sold its US unit Grubhub for $650m, which it acquired in a $7.3bn deal last year.
- SoftBank's Japanese telecoms unit will receive the first chips using Nvidia's latest Blackwell design for its supercomputer, the California-based chip designer said.
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Yourstory
3h
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Incentivising digital transactions: How gamification and rewards are boosting engagement
- The emergence of digital payments has transformed our relationship with money.
- Maintaining regular user engagement and reactivating inactive accounts is a challenge.
- Gamification techniques, quick rewards, and loyalty programmes are used to boost engagement.
- Incentives such as loyalty points, instant rewards, and gamified activities are employed.
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Gritdaily
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With Trump Back in Office, Bishop Gold Group Works with Clients Considering Precious Metal Investments
- Bishop Gold Group is committed to helping clients diversify their portfolios and safeguard their financial futures against upcoming economic shifts.
- Trump has long been an advocate for lower interest rates, which could change the dollar’s trajectory over the coming months.
- Trump’s policies in his previous term centered on tax cuts, large infrastructure projects, and economic growth through deficit spending.
- Lowering interest rates while increasing government spending may lead to an overheated economy, pushing inflation upward.
- Historically, periods of deficit-driven expansion have paved the way for gold appreciation as investors seek to hedge against inflation.
- Gold’s safe-haven appeal often intensifies in times of geopolitical instability.
- One of the primary reasons gold could thrive under Trump’s presidency is his preference for lower interest rates.
- Gold, however, remains immune to currency fluctuations, providing a stable store of value regardless of dollar volatility.
- Bishop Gold Group is renowned for its dedication to clients, industry insights, and commitment to providing tailored guidance through the complex world of precious metal investing.
- Bishop Gold Group goes beyond transactions; we build relationships based on trust, knowledge, and a genuine commitment to each client’s success.
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