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Startup News
Inc42
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Paytm Rallies 6% After Nod For New UPI Users, Q2 Profit
- Shares of Paytm jumped more than 6% on the BSE after receiving approval to onboard new UPI users.
- The nod is expected to help Paytm revive its declining market share and expand its user base.
- Paytm reported a consolidated profit of INR 930 Cr in Q2 FY25, compared to a loss in the year-ago period.
- Revenue from operations declined 34% YoY in the quarter under review.
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Yourstory
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Avaana Capital raises $135M fund for climate and sustainability tech startups
- Avaana Capital has closed its $135 million Avaana Climate and Sustainability Fund.
- The fund will invest in early-stage companies using technology for climate mitigation and adaptation in India.
- Institutional investors such as the Green Climate Fund, U.S. International Development Finance Corporation, and UK Government are among participants in the fund.
- The focus sectors of the fund include Energy and Resource Management, Mobility and Supply Chains, and Sustainable Agriculture and Food Systems.
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Medium
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10 Free Apps That Every Tech Startup Is Using to Crush the Competition!
- Slack: A widely used communication platform for streamlined collaboration.
- Google Workspace: Cloud-based software for productivity and collaboration.
- Trello: Intuitive project management app for organizing tasks.
- Asana: Task management and team collaboration tool for startups.
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Startupnation
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IT Solutions for Small Businesses: A Comprehensive Guide
- IT is crucial for small businesses because it helps manage operations, improve efficiency and stay competitive. Common components include hardware, software, network, data storage, and cybersecurity. Identify your needs before implementing IT products. Software and Automation tools can make it easier for small businesses to manage finances, invoicing, email marketing and social media. Cloud solutions offer scalability, flexibility, cost savings, and remote accessibility. Types of cloud services include SaaS, IaaS, and PaaS. Outsourcing IT services is a way for small businesses to optimize their operations without the hefty costs. IT service providers bring specialized experience that may not be available within your own team. Managing your IT environment involves keeping track of details related to your vendors and licenses.
- Choose an IT provider with a proven track record in your industry or with similar-sized businesses. Be sure to do research before signing on any dotted lines. Keep a list of all your software and hardware vendors, renewal dates for software licenses and service agreements, warranty periods and cancellation terms. Embracing technologies like integrated software systems, cloud storage solutions and outsourcing IT services can streamline operations, boost efficiency and position your business for long-term growth. Stay proactive, stay informed and do not hesitate to reach out to IT professionals who can help.
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VIE Stories
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[Funding News] Even Healthcare secures $30 Mn in Series A Round Funding
- Even Healthcare, a managed care provider, has secured $30 million in Series A funding.
- The funding round was led by Khosla Ventures, with participation from Founders Fund, 8VC, and Lachy Groom.
- Even Healthcare plans to use the investment to start hospital operations and improve patient care systems.
- The company offers free consultations, diagnostic tests, and cashless hospitalizations through its clinical team and insurance partners.
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Medium
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Earn Through Games.
- Streaming platforms like Twitch, YouTube, and Facebook Gaming allow gamers to earn money through ad placements, donations, subscriptions, and sponsorships.
- Professional esports provide an opportunity for highly skilled gamers to compete and earn income.
- Creating a successful channel on streaming platforms requires time, consistency, and building an audience.
- Popular streamers can also accept deals with esports companies or brands to increase their earnings.
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Medium
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How to be a Start-Up Product Manager
- Being a product manager in a start-up is a respected role.
- Some results may not be achievable due to various factors.
- Challenges like unrealistic demands and financial constraints exist.
- Start-up product management guidelines can be effective.
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Yourstory
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256
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Will Thala play in IPL 2025?
- Chennai Super Kings (CSK) fans eagerly await confirmation on the availability of Mahendra Singh Dhoni in IPL 2025
- CSK CEO, Kasi Viswanathan, hopes Dhoni will continue playing for the franchise
- Reports suggest Dhoni can be retained as an uncapped player by CSK
- There are indications of Dhoni possibly playing in the T10 league in the UAE
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Hackernoon
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"When you give people benefits that actually fit their lives, they use them." says Compt CEO/Founder
- Compt is a personalized employee lifestyle benefits platform.
- Compt solves the challenge of offering inclusive lifestyle and workstyle benefits by enabling companies to provide personalized benefits that fit everyone's needs.
- The team at Compt is diverse and has expertise in HR, finance, and global operations, making them well-equipped to solve the challenges of personalized lifestyle benefits.
- Compt measures success by reaching more employees and creating inclusive work environments. Over 93% of employees actively use their benefits through Compt's platform.
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Medium
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5 weird startups (that are kicking ass)
- Ship Snow, Yo: This Boston-based startup ships snow across the U.S., earning six-figure seasonal incomes.
- The Boring Company: Led by Elon Musk, this startup is addressing LA's traffic problems in a unique way.
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Gritdaily
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Navigating the Shift: How Startups Can Thrive With Renewable Energy Plans
- Rising awareness of the impact of traditional energy sources has led to a growing number of businesses turning to renewable energy as a sustainable, cost-effective solution.
- For startups, the shift to renewable energy offers immediate financial and operational benefits. It also positions them as leaders in innovation and sustainability.
- Studies show that brands perceived as eco-friendly or engaged in sustainable practices are more likely to attract and retain customers.
- Transitioning to renewable energy can act as a catalyst for innovation. Startups can explore cleaner alternatives and optimize their operations.
- The electric vehicle (EV) market is growing exponentially, presenting startups with a valuable opportunity to appeal to a rapidly expanding demographic of environmentally conscious consumers.
- Startups can enhance their sustainability credentials by switching to renewable energy plans that reduce operational costs and emissions.
- Startups should assess their current energy consumption, consider switching to a utility company’s renewable energy plan, and explore government incentives and funding.
- To enhance energy efficiency, startups can upgrade to LED lighting, use energy-efficient appliances, and implement energy management software.
- Partnering with experts in renewable energy systems and technologies can help startups navigate the renewable energy landscape.
- With affordable and sustainable options like Rhythm Energy’s renewable energy plans, startups can easily navigate the shift to renewable energy and thrive in a rapidly changing world.
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Yourstory
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423
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Even Healthcare secures $30M in Series A funding round led by Khosla Ventures
- Bengaluru-based Even Healthcare has raised $30 million in Series A funding round led by Khosla Ventures.
- The funds will be used to launch hospital operations and scale patient care and resource processes.
- Even Healthcare provides unlimited free consultations, diagnostics tests, and other medical services through a network of clinics and insurance partners.
- The company has grown its membership base to 'hundreds of thousands' and has generated $28 million in revenue after commercially launching 1.5 years back.
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Economic Times
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Blinkit now the largest player in major metros except Chennai, Hyderabad: Zomato CFO
- Blinkit has become the largest player in quick commerce across major metropolitan cities, except for Chennai and Hyderabad.
- Zomato CFO, Akshant Goyal, mentioned that their immediate focus in terms of building out infrastructure and business remains in the top eight cities.
- Zomato's share of business in Delhi-NCR has dropped below 40%, indicating successful efforts to expand beyond the region.
- Blinkit aims to have 1,000 dark stores by the end of the fiscal year, with plans to extend services to tier-II and tier-III cities.
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ISN
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Zerodha rival Groww's revenue jumps 119% to Rs 3,145 crore in FY24, losses stood at Rs 805 crore
- Groww, a rival of Zerodha, witnessed a 119% increase in revenue to Rs 3,145 crore in FY24.
- The growth was driven by subscription fees, commissions, and tech platform revenue.
- Despite the revenue surge, Groww reported a net loss of Rs 805 crore due to a one-time tax payment.
- The company maintained operational profitability with an operating profit of Rs 535 crore.
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Inc42
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1.2k
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Even Healthcare Bags $30 Mn Led By Khosla Ventures
- Healthtech startup Even Healthcare has raised $30 Mn in a Series A funding round led by Khosla Ventures.
- The funds will be used to enhance hospital operations and improve patient care processes.
- Even Healthcare offers a membership model for unlimited free consultations, tests, and cashless hospitalization.
- The company plans to open three secondary-care-focused hospitals in Bengaluru.
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