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Gritdaily
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The Rewards of Business Coaching: Fulfilling Moments Shared
- Experienced professionals share insights on the fulfilling aspects of business coaching, such as empowering leaders to prevent crises, crafting mental models for clarity, and reigniting passion in business ownership.
- Helping clients detect early signs of risk before crises occur is a key reward of coaching, as seen in a case where a client avoided a major issue by addressing growing concerns early on.
- Crafting mental models that offer new perspectives can lead to breakthrough moments for clients, aiding in decision-making and problem-solving processes.
- Witnessing clients rediscover their passion and leadership potential is highly rewarding, as seen when a business owner shifted focus, resulting in increased profitability and fulfillment.
- Transforming therapists into confident entrepreneurs by providing strategic guidance can lead to increased efficiency, revenue growth, and work-life balance.
- Guiding founders to bet on themselves and witnessing their success can be gratifying, as seen when a client secured a significant deal after gaining confidence and strategic clarity.
- Coaching helps entrepreneurs shift from merely running companies to leading them, fostering a sense of empowerment, support, and impactful leadership.
- Uncovering blind spots for breakthrough opportunities is a fulfilling aspect of coaching, allowing clients to address challenges and grow both personally and professionally.
- Driving tangible growth through coaching can lead to significant improvements in business performance, revenue generation, and strategic decision-making for small business owners.
- Business coaches foster clarity and confidence in clients, guiding them towards achieving their goals and finding fulfillment in their professional lives.
- Helping clients balance work and life for business success through effective time management strategies, organizational tools, and celebration of achievements is a key aspect of business coaching.
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Economic Times
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Udaan closes latest funding round at $114 million led by UK’s M&G, Lightspeed
- Udaan, a business-to-business ecommerce platform, has closed a $114 million funding round led by existing investors M&G Prudential (UK) and Lightspeed Venture Partners.
- The funding round was executed at a flat valuation of $1.8 billion, with the capital aimed at deepening Udaan's presence across categories like FMCG and HoReCa segments.
- The fresh capital will also be used to expand Udaan's private label brands, especially in the staples category, as the company advances towards its public market debut.
- Udaan reported operating revenue of Rs 5,707 crore in FY24 with flat growth, indicating major operational restructuring efforts to reduce losses; the company aims to achieve full group Ebitda profitability in the next 18 months.
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SiliconCanals
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Amsterdam’s VirtualMetric secures €2.25M to tackle one of cybersecurity’s most expensive bottlenecks
- Amsterdam-based VirtualMetric secures €2.25M in funding led by TIN Capital and Auriga Cyber Ventures.
- The funding will be used to accelerate product development, expand the go-to-market team, and support customer deployments across Europe and beyond.
- VirtualMetric aims to tackle costly bottlenecks in cybersecurity by addressing the challenge of unmanageable telemetry.
- The company provides IT monitoring and log management solutions to simplify complex environments, reduce SIEM costs, and increase operational efficiency.
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SiliconCanals
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Denmark’s Deepdots raises €5.5M to help businesses ‘connect the dots’ in customer feedback using AI
- Copenhagen-based Deepdots, an AI platform for customer feedback analysis, secures €5.5M in Seed funding led by Dawn Capital.
- Deepdots offers a platform using AI models to collect, analyze, and act on customer feedback at scale with human-level accuracy.
- The company plans to expand its team, open a second office in Barcelona, and enhance its platform to support the voice-of-the-customer lifecycle.
- Founders Nima Vali Rajabi and Francisco Arias aim to revolutionize customer feedback analysis and provide actionable insights for enterprises.
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Medium
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From Signups to Subscribers: How I’m Turning Curious Users into Paying Customers
- At Raff Technologies, there was good traction with developers signing up and students exploring the dashboard, but few converted into paying customers.
- The approach was treated as an engineering problem, focusing on diagnosing, iterating, and scaling what works to convert curious users to subscribers.
- Tracking user behavior post-signup revealed that in 80% of cases, users never launched a VM, highlighting a major drop-off point in the conversion process.
- Implementing smart triggers based on behavior significantly improved open rates, click rates, and user decisions to upgrade, creating a more seamless and natural conversion process.
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Insider
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YC partners say AI founders are closing huge deals fast by taking a page out of Palantir's early playbook
- AI founders are advised to embed with customers as 'forward-deployed engineers,' taking a page out of Palantir's playbook, says Y Combinator partners.
- This approach has helped some AI founders secure 'six, seven-figure deals' by being hands-on in the sales process and rapidly building tailored demos.
- Garry Tan, a former Palantir employee, highlighted the significance of being technical, great at product development, and skilled in understanding client needs.
- By adopting Palantir's strategy of embedding engineers with clients, AI startups have managed to outmaneuver larger competitors and make significant business progress.
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Startup Pedia
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Cutting Airport Ride Costs by 50%, Bengaluru’s Shared-Cab Startup Clocks ₹1.2 Cr in First Year
- QuicReach, a shared-cab startup in Bengaluru, has reduced airport ride costs by 50% and generated revenue of ₹1.2 crore in its first year.
- Designed for comfort and affordability, QuicReach allows users to book shared cabs with fixed-time slots and smart ride matching.
- The platform has completed 20,000+ rides and onboarded 3,000+ drivers, catering to 40,000+ users in Bengaluru.
- QuicReach's model includes shared cabs with up to 3 passengers, pre-scheduled slots, fair pricing, and automatic route optimization.
- The startup, founded by Shubham Jain, aims to empower Indian travellers by offering a reliable and cost-effective travel solution.
- QuicReach's shared model benefits both passengers and drivers, providing fair earnings and contributing to reduced fuel consumption and emissions.
- The startup is expanding its services across Karnataka before venturing into other high-demand regions like Hyderabad and Noida-Agra corridor.
- With a focus on efficiency and user satisfaction, QuicReach aims to revolutionize long-distance travel in India through shared mobility.
- The platform's success lies in its innovative approach, loyal user base, and driver-friendly policies, leading to organic growth and positive feedback.
- QuicReach's vision is to connect Tier 1 and Tier 2/3 cities in India by making intercity travel accessible, convenient, and empowering.
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Inc42
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UPI Transactions Jump 4.4% MoM In May, Touch All-Time High at 18.68 Bn
- UPI transactions reached an all-time high of 18.68 Bn in May, growing by 4.4% from April.
- Year-on-year, transactions increased by 33%, while the total transaction value for May was INR 25.14 Lakh Cr.
- PhonePe and Google Pay remain top UPI players, holding around 80% market share, with Paytm following at 7%.
- Industry advocates are pushing for reconsideration of zero MDR on UPI transactions, citing challenges in monetizing services.
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Inc42
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FDA Suspends Zepto’s Dharavi Warehouse Licence For Food Safety Violations
- The FDA has revoked the food business licence of Zepto parent Kiranakart Technologies’ warehouse in Mumbai’s Dharavi due to serious food safety violations.
- Violations included storage of edible products near stagnant water, fungal growth on food items, undiscarded expired products, and unsanitary conditions.
- Assistant commissioner of food Anupamaa Patil issued a suspension order until full compliance with food safety norms is achieved.
- Zepto spokesperson emphasized maintaining high standards of food safety and hygiene and working towards swift compliance with regulatory obligations.
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Inc42
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[Update] D2C Fashion Brand Snitch Raises $40 Mn For Offline Expansion
- D2C fashion brand Snitch has raised $39.6 Mn (about INR 338.4 Cr) in its Series B funding round, led by 360 ONE Asset.
- The funding will be used to increase the number of offline retail stores to over 100 by the end of 2025, enter the quick commerce space, launch new product categories, and pilot operations in international markets.
- Snitch plans to boost its product offerings, expand offline stores, and make international footprints, entering pluswear, bag, footwear, and sunglasses categories, with 50 new stores set to open soon.
- The startup aims to achieve a top line of INR 1,000 Cr in FY26 and plans for an IPO when it reaches a bottom line of INR 100 Cr.
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Economic Times
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Nykaa shares drop despite strong Q4 performance
- Nykaa parent FSN E-commerce witnessed a drop in shares during early trade despite a strong performance in Q4.
- The company opened 2% lower at Rs 199, compared to the previous closing of Rs 203.26 on the BSE, trading at Rs 201.26 at 9:53 am.
- Nykaa saw significant growth in operating revenue by 23.6% YoY to Rs 2,016.7 crore for Q4, driven by customer acquisition and brand partnerships.
- Although Nykaa's Q4 profit declined sequentially by 29.3%, the beauty vertical contributed over 90% to the total revenue, posting a 24.7% YoY increase.
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Inc42
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Razorpay’s Taxing Flip, New-Age Tech Stocks Fumble & More
- Razorpay is facing significant tax liabilities amounting to over $400 Mn-$450 Mn due to its redomiciliation to India ahead of its IPO.
- To reduce its tax outgo, Razorpay has consolidated its Indian subsidiaries under a single local holding company, aiming to bring down the total tax payout to the US authorities.
- The reverse flip is crucial for Razorpay’s IPO plans in FY27, impacting its profitability with a potential tax payout of around INR 3,000 Cr.
- The tax liability for Razorpay's redomiciliation is influenced by its valuation, which was at $7.5 Bn during its last funding round in 2021.
- Other companies like PhonePe and Groww have also faced substantial tax payments for similar moves, highlighting the tax challenges in such transitions.
- The article shifts focus to the Indian startup ecosystem, discussing trends such as the rise of microdrama apps and the performance of new-age tech stocks.
- Paytm emerged as the top gainer among startup stocks, while the funding raised by Indian startups decreased by 60% compared to the previous week.
- Notable mentions include EaseMyTrip's return to profitability, BNP Paribas investing in Zomato, and India's efforts to boost indigenous language models through selected startups.
- The piece also covers insights on upcoming startup IPOs and layoffs in 2025 within the Indian startup landscape.
- In the spotlight section, the launch of UnderNeat in India's shapewear market by influencer Kusha Kapila and Vimarsh Razdan is discussed, targeting a share in the growing market.
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Medium
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Scaling Without Selling Out: The Rise of Non-Dilutive Capital in Startups
- Grammarly opted for non-dilutive capital to fund its growth, avoiding giving up ownership through a unique financing deal.
- Non-dilutive, revenue-based financing is becoming more popular among startups for its ability to secure capital without sacrificing ownership or control.
- Companies like Lemonade, Ro, Clearco, and Pipe have successfully utilized non-dilutive funding to scale up while maintaining full ownership.
- Non-dilutive financing works best for startups with steady, predictable income, offering a sustainable way to grow without compromising control.
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Economic Times
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277
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Most listed new-age startups improve Q4 profitability; Swiggy, Ola lag behind
- 11 out of 17 new-age companies listed on Indian stock exchanges showed improved profitability in Q4, with Nykaa and Policybazaar leading the pack in revenue growth and profits.
- Losses widened for Swiggy, Eternal, FirstCry, Mobikwik, and Ola Electric in the same quarter.
- Nykaa and PB Fintech margin improvements post IPOs were highlighted by brokerages, indicating continued momentum in profitability.
- Nykaa's core BPC segment poised for margin enhancement due to its differentiated market positioning.
- Honasa Consumer (Mamaearth) saw profits decline 15% post offline restructuring, expecting positive impact moving forward.
- Increased cash burn for Zomato's Eternal and Swiggy's Blinkit and Instamart units impacted their earnings amidst food delivery slowdown.
- Swiggy forecasts unwinding losses progressively, contrasting Blinkit's aggressive market share pursuit strategy at the cost of profitability.
- Ola Electric faced expanding losses and revenue fall, losing market share to legacy players, as per Kotak Institutional Equities analysis.
- Delhivery and BlackBuck showed profits for Q4, with Delhivery marking its first full year of net profit fueled by improved transportation business.
- BlackBuck turned profitable pre-tax by tightening expenses, with a significant portion of net profit attributed to a one-time tax credit.
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Insider
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Southeast Asia's tech startups are chasing the American dream
- Southeast Asian tech startups are increasingly targeting the US market for growth, shifting focus from local markets to the US driven by AI technology.
- Startups like JigsawStack from Southeast Asia are building products for US-based customers, finding a growing customer base in the US.
- The US market offers advantages in concentration, maturity, and less price sensitivity, attracting global tech industry players.
- Southeast Asia's economic growth has led more startups to prioritize building products for the US market rather than local markets.
- US orientation for Southeast Asian startups signifies a departure from focusing solely on local markets due to market concentration and advantages.
- Southeast Asia's diversity in languages and markets makes focusing on the US market appealing for startups looking to consolidate efforts.
- Having American customers can aid fundraising for Southeast Asian startups, offsetting biases and attracting more investment.
- Southeast Asian startups often possess an underdog mindset, working harder and showing hunger for success.
- The US market is seen as a hotbed for innovation and deep market engagement for startups like Realfast and Patsnap.
- While considering expansion to the US, Southeast Asian startup founders weigh benefits of staying in regional hubs like Singapore for business ease and advantages.
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