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Startup Pedia
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Hyderabad Startup Helps Indian Middle-class Co-Own Property; Clocks Rs 40 Cr
- Fracspace, a Hyderabad-based property tech startup, is allowing middle-class people to co-own a property and reap the benefits of real estate returns.
- Fracspace offers properties for co-ownership in 15+ locations like Goa, Munnar, Hyderabad, Kerala, Bali, Dubai, and the USA, including holiday homes, resorts, and even rental apartments.
- Unnath Reddy founded Fracspace in 2022 with a minimum investment of Rupees 10 lakhs and a stable annual return of 8% being offered.
- Fracspace is making a fast growth as a co-ownership platform, projected a revenue of Rs 100 crore in FY25.
- This hyderabad-based startup is offering complete transparency when it comes to invoices, guest bookings, and bills, which are communicated through WhatsApp groups of each property co-owner.
- Fracpsace application has diversified services including buying, selling, and renting properties, interior consultation, property management, housekeeping, and more.
- The startup is working towards becoming a travel and accommodation aggregator, and by the end of 2025, it also wants to cater to B2B audiences by providing SaaS services.
- The founder, Unnath Reddy, and his team are shifting to a resort-type office as they are aiming for more growth.
- With a turnover of Rs 40 crore in FY24, Fracspace was launched to make luxury accessible to the Indian middle class regarding passive income and ownership.
- Fractional ownership was not a trending concept when Fracspace started, but it took extra effort for Unnath Reddy to get investors and make potential customers aware of the use-case of co-ownership.
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Siliconcanals
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Berlin-based Dunia Innovations raises €10.6M from Elaia, redalpine, and others: An exclusive interview with Alexander Hammer, CEO, and Co-founder
- Berlin-based Dunia Innovations, a deep tech startup specialised in AI-driven materials discovery, announced that it has secured $11.5M (approximately €10.6M) in a funding round.
- The funding round was co-led by Elaia and redalpine.
- The company uses advanced technology (AI x Robotics) to speed up the discovery of new materials.
- The main aim of the company is to decarbonise the chemical industry and develop breakthrough technologies for a cleaner future.
- The solution to the problem of gap between AI-designed materials and their practical application is the company’s proprietary self-driving labs, which automate the synthesis and testing process.
- Dunia's platform focuses on electrocatalysts for generating green hydrogen, ammonia, and converting CO2 into advanced chemical products.
- Industries reliant on advanced materials can leverage the company's technology to develop more efficient and sustainable products.
- The key to scaling AI and robotics in the chemical industry lies in the people.
- The founding team consists of scientists and engineers with deep expertise in chemistry, machine learning, and robotics.
- Over the past two years, the company has validated its technology in a proof-of-concept on accelerated electrocatalyst ink formulation where the platform outperformed human researchers in both speed and performance.
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Eu-Startups
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London-based Keel secures €5.5 million to empower operators to become more technical
- London-based startup Keel has raised €5.5 million in seed funding.
- Keel aims to empower operators by providing a user-friendly platform for building custom operational software.
- The platform bridges the gap between no-code solutions and traditional ERP systems.
- Keel allows businesses to sequentially adopt solutions and offers backend engine, API-first solutions, and auto-generated admin tools.
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VIE Stories
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The Psychological Impacts An Athens Car Accident Survivor Has to Go Through
- A car accident can be a traumatic experience for anyone involved. It’s an unexpected event that can cause physical, emotional, and financial harm. Beyond these tangible consequences, there are also psychological impacts that may arise from such an incident.
- These psychological impacts could lead to Post-Traumatic Stress Disorder (PTSD), anxiety and panic attacks, nightmares, fear of driving or riding in a car among other symptoms.
- Around 39.2% of people who survive a car accident develop PTSD, so it is crucial for survivors to seek help from a professional therapist or support group.
- Anxiety, depression and mood swings can also be triggered by a car accident which can impact a person’s daily life and work performance.
- Flashbacks, nightmares and distressing thoughts are common symptoms of PTSD.
- After experiencing a car accident, many people may develop a fear of driving or riding in a car again.
- To cope with these psychological impacts, it’s essential to prioritize mental health and seek necessary help, join support groups, practice self-care techniques, take breaks if needed and remain patient and kind to oneself.
- An Athens car accident lawyer stresses the importance of understanding the psychological impacts suffered by car accident survivors in this guide.
- It is possible to overcome these effects with guidance, support and proper coping strategies to move forward towards healing and recovery.
- Seek the help you need to address psychological impacts of a car accident and remember to prioritize your mental and physical health always.
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Siliconcanals
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French fantasy tennis platform Fungiball secures €2.2M funding: An exclusive interview with Jean Matias CEO and founder
- Fantasy tennis platform Fungiball, based in Paris, has announced it raised €2.2m in a pre-seed funding round with support from private investors including Adrien Dassault, alongside participation from Cliff Capital and BPI France.
- Funds will be used to grow the tech team to scale the platform, develop new features and expand internationally, starting with North America, Europe, and Asia.
- Besides funding, Fungiball also announced the appointment of two tennis superstars — Daniil Medvedev and Alexander Zverev, as official ambassadors.
- Fungiball Tennis provides fans with an interactive, immersive experience where they can build their dream teams, trade players and earn rewards.
- Distributed player cards can be traded on a secondary trading market along with an auction system, which creates additional revenue streams for the Fungiball brand.
- The company has established more than 5,000 registered users since its January 2021 launch.
- Fungiball addresses the challenge of creating a fantasy sports platform for tennis, considering the difficulty in obtaining licensing from players and tennis bodies.
- Co-founder Jean Matias announced the firm also has a partnership with France’s iconic Le Coq Sportif sports retailer.
- Establishing partnerships and obtaining licensing from players and tennis bodies was crucial to our success but required time and careful negotiation,” he says.
- Fungiball offers a solution that benefits both established stars and emerging talent by offering opportunities to earn based on performance and popularity.
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Inc42
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Darwinbox’s FY24 Revenue Jumps 58% Driven By Overseas Expansion, R&D Investments
- HR tech platform Darwinbox reported a 58% growth in total revenue to INR 393 Cr during FY24.
- The growth was driven by overseas expansion and research and development investments.
- Darwinbox's EBITDA margin improved by 17 percentage points during the same period.
- The company operates in India, Southeast Asia, Middle East, US, UK, and Canada with international markets contributing over 50% of the new ARR added in the fiscal year.
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Inc42
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Can FirstCry Scale Up GlobalBees And Global Biz To Beat Losses?
- FirstCry, which built an empire around the kidswear proposition, is increasingly focussing outside the kids and babycare segment and going for a larger piece of the ecommerce pie, not just in India, but also in the Middle East.
- Incidentally, the only developments related to FirstCry’s India business in Q1 FY25 were for two notices from the Income Tax (IT) Department and fires at its warehouses in West Bengal and Maharashtra that resulted in loss of inventory, property and equipment.
- GlobalBees, in particular, adds a brand new dimension to FirstCry. The house of brands’ model is centred around acquiring and scaling up digital-first brands across categories.
- GlobalBees is on course to hit profitability faster than standalone house of brands, and operational efficiency is likely down to FirstCry’s central infrastructure and operational expertise.
- FirstCry is looking to grow both, ecommerce, and offline presence in the Middle East and has earmarked $13 Mn for its UAE subsidiary, which handles the Middle East operations.
- For vertical ecommerce players with FirstCry’s scale and reach, the international market is a big attraction - FirstCry is also banking on GlobalBees’ slate of D2C brands across categories to bolster its core kidswear, and baby care business.
- The GlobalBees house of brands business hitting profitability will be a major milestone for FirstCry as it vindicates the company’s investment in this model.
- However, now that it’s working under the limelight that comes with being a publicly listed company, FirstCry cannot afford to drag its losses for too many quarters.
- Even when it comes to revenue, the Globalbees brands and the international business for FirstCry have been the growth areas in the past couple of years.
- Soon after the INR 4,194 Cr IPO, GlobalBees increased its stake in consumer appliances brands Frootle and Wellspire, spending more than INR 106 Cr for the two all-cash deals.
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Gritdaily
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Kevin S. Floyd Transforms Atlanta’s Procurement Operations with Innovative Center of Excellence
- Kevin S. Floyd, deputy chief procurement officer for Atlanta, has transformed the city's procurement operations through an innovative center of excellence.
- Under Floyd's leadership, the Department of Procurement has achieved significant reductions in processing time and improved efficiency.
- Floyd's initiatives have also led to better sustainability and a reduced carbon footprint for the city.
- His work has been recognized through various awards, and after a decade of service, Floyd has moved on to new endeavors.
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Yourstory
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Kerala Startup Mission invests Rs 15 Cr in energy transition VC firm
- The Kerala Startup Mission (KSUM) has invested Rs 15 crore in Transition VC, India's first venture capital fund focused on energy transition.
- The investment aims to accelerate the development of startups in clean energy and decarbonisation, aligning with Kerala's ambitious goals of achieving 100% renewable energy by 2040 and net carbon neutrality by 2050.
- The partnership between KSUM and Transition VC will offer both financial support and mentorship to deep-tech startups working on energy transition solutions.
- Kerala has made substantial strides in its sustainability efforts, demonstrated by its upcoming hydrogen valley projects and plans to expand solar and wind energy projects.
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Gritdaily
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Transformative Trends and Innovative Tools Defining the Future of MarTech
- AI and machine learning are revolutionizing personalization efforts in MarTech, enabling hyper-personalized experiences.
- Customer Data Platforms (CDPs) are essential for creating unified customer profiles and driving data-driven decisions.
- The future of MarTech relies on gathering first-party and zero-party data while prioritizing user privacy.
- Advanced analytics tools allow for predictive and prescriptive marketing strategies, optimizing customer targeting.
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Siliconangle
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Agentic AI startup CrewAI closes $18M funding round
- Agentic AI startup CrewAI has closed an $18 million funding round to support its growth efforts.
- The funding was raised through a seed investment led by boldstart ventures and a Series A raise led by Insight Partners.
- CrewAI has developed an open-source framework that simplifies the building of AI agents and enables them to collaborate on complex tasks.
- The startup's paid offering, CrewAI Enterprise, provides a no-code interface and templates for building AI agents, along with features for running them in production.
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Startup Pedia
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Founder member quits Renee Cosmetics to start her own gender-neutral skincare brand - based on ghar ke nuskhe
- Fugeno is a new-age gender-neutral brand that makes products rooted in time-tested gharelu nuskhe and combines the principles of biomimicry in its offerings.
- Founder Nupur Thakkar aims to systematically dismantle beauty standards that have been set for ages and treat skin issues without asking you to conform to a specific beauty standard.
- Fugeno's products are based on home remedies including ingredients like multani mitti, potato, cinnamon, nutmeg, papaya, and lavender, and blend science-based elements like niacinamide and salicylic acid to get to the root cause of skincare problems.
- Fugeno's product catalog includes Lavender Body Juice, Potato Bright Under Eye Mask, Cinnamon Spice Lip Plumper, and Multan Face Essential.
- Fugeno wants to help Gen Z and Alpha customers reject beauty standards on social media and guide them towards the right skincare rituals.
- Fugeno has mid-premium priced products that are absolutely safe for all skin types and ranges from Rs 250 to Rs 2,500.
- Nupur Thakkar is involved in numerous advertisement campaigns and projects to bring in the desired audience for Fugeno.
- Fugeno is India's first gender-neutral skincare brand, founded in January 2024 by Nupur Thakkar, who had worked in the domains of construction, hair, makeup, and even alcohol.
- Fugeno's name is inspired by Future and Genome and integrated the science of biomimicry with nature-sourced products aiming to solve skincare problems for today and tomorrow.
- The brand wants to provide youngsters (and adults) with a safe skincare brand that solves real issues without overly glorifying the results.
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Yourstory
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158
Image Credit: Yourstory
Heavy rains wreak havoc in Bengaluru
- Incessant rains in Bengaluru have caused severe flooding and waterlogging in many parts of the city.
- Many lakes are overflowing and residents have been stranded on the streets and trapped in buildings.
- Residents of the Kendriya Vihar apartment complex in Yelahanka had to be evacuated in boats.
- The state government has announced a holiday for schools and advised IT-BT companies to allow employees to work from home.
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Gritdaily
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Playbux’s AI-Powered Platform Is Redefining Gaming and Entertainment for a New Generation
- Playbux is a leading AI-driven Web3 entertainment platform.
- It combines blockchain technology, AI-driven personalization, and real-world rewards to provide users with a one-of-a-kind experience.
- Playbux has achieved one of the highest engagement rates in the Web3 entertainment sector, with 17 million registered users and over 20 million on-chain actions.
- The platform is gaining popularity globally, with the top five countries by user transactions being the UK, Ukraine, Germany, Russia, and Hong Kong.
- Playbux's unique earning opportunities, such as Walk-to-Earn and Shop-to-Earn, have boosted its appeal.
- The platform's AI tool RI Engine dynamically adapts to individual user preferences to provide tailored recommendations.
- Users can earn rewards by playing games, watching content, shopping, or walking.
- PlaybuxQuest NFTs have been integrated into the ecosystem, giving players a true sense of ownership of their digital assets.
- Playbux is developing a gas-free Layer 1 blockchain with Vite Labs, adding significant value to its platform.
- As Playbux continues to innovate and expand, it is leading the way in shaping the future landscape of Web3 entertainment.
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Yourstory
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Darwinbox sees revenue jump 58% to Rs 393 Cr in FY24 on R&D and international expansion
- Darwinbox, a SaaS unicorn, reported a revenue of Rs 393 crore in FY24, marking a 58% increase from the previous year.
- The growth is attributed to R&D investments, international expansion, and increased revenue contributions from existing customers.
- The company also saw improved efficiency, with operating cash burn decreasing by 12% and a 17 percentage point improvement in EBITDA margin.
- Darwinbox has expanded its presence to Southeast Asia, the Middle East, North America, and plans to launch a new global payroll product.
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