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Startup News
Economic Times
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Even Healthcare raises $30 million in funding led by Khosla Ventures
- Even Healthcare has raised $30m in a funding round led by Khosla Ventures.
- The Bengaluru-based startup provides consultation and hospitalization services to members.
- Other investors participating in the funding round included Founders Fund, 8VC and Lachy Groom.
- This round brings the company’s funding till date to $50m.
- Even Healthcare plans to launch hospital operations in Bengaluru and scale up patient care and recourse processes.
- The funding will be used to expand patient care services and launch hospital operations in Bengaluru.
- The startup offers members unlimited free consultations, diagnostic tests and cashless hospitalisation.
- It has around 200 business-to-business clients, including Urban Ladder, Grant Thornton, and Ultrahuman.
- Even Healthcare is focusing on metro cities and tier-2 cities in India.
- The company raised $5 million in 2021 and $15 million in November 2022.
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StartupDaily
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Kiwi software startup Projectworks lands A$7.5m Series A for US push
- New Zealand professional services job tracking platform, Projectworks, has raised $5 million (A$7.5m) in a Series A funding round led by Bridgewest Group.
- The funds will be used to establish a Silicon Valley development team, expand in the US, Australasia, and the UK, and strengthen their market presence.
- Projectworks offers professional services automation software to improve project profitability for service companies and is currently used by 500 mid-market consultancies worldwide.
- The company recently appointed Mark Orttung as its new US-based CEO for further expansion into the North American market.
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StartupDaily
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Digital health businesses receive $3.25m to tackle major health issues
- Five digital health tech startups have received a total of $3.25 million from the Medical Research Future Fund (MRFF) through the ANDHealth+ program.
- The funding will support studies and scaling of the startups to tackle various health issues including genomics, gut and metabolic health, immune deficiencies, and improved clinical efficiencies.
- The startups, Eugene, Atmo Biosciences, Immunosis, Metabolic Health Solutions, and Humanetix, will utilize the funding to advance their technologies, conduct studies, and improve patient care.
- The MRFF funding aims to accelerate the delivery of innovative solutions into the healthcare system and support Australia's digital health opportunity.
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Gritdaily
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Image Credit: Gritdaily
Nancy Hotchkiss: An Award-Winning Realtor Making Her Clients the Priority
- Nancy Hotchkiss is an award-winning realtor and broker with Berkshire Hathaway HomeServices Chicago.
- She has a strong knowledge of the south and west sides of Chicago and its suburbs.
- Hotchkiss prioritizes her clients, ensuring their needs are met and providing them with every option available.
- She has received numerous awards and accolades throughout her career.
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StartupDaily
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‘Near tech’ workers are the solution to Australia’s cyber security & AI skills shortfall: ACS
- Australia is struggling to find technology workers with the right cyber security and artificial intelligence skills but could tap 1.1 million “near tech” workers with similar capabilities to reskill and support the workforce, the 10th annual ACS Australia’s Digital Pulse report has found.
- Demand for cyber security skills has increased by 80% in Australia since 2020 amid a similar increase in cyber crime.
- While Australia’s technology workforce now encompassed more than 1 million workers, the report argued an extra 300,000 people would be needed by 2030 due to “current business demand”.
- Workers in “near tech” jobs which could reskill for roles in tech included mathematicians, advertising and marketing professionals, and account clerks, among others.
- Reskilling thousands of Australians for roles in the technology workforce still faced significant challenges, Digital Pulse found.
- The report recommended 12 key actions to support the growth of Australia’s tech workforce, including business and government paying workers while they learned tech skills, increasing the number of paid work placements for IT students.
- It also recommended a campaign to inform parents and students about careers in tech, more initiatives to train workers and students on how to take advantage of AI, and a federal government grant program to support tech startups led by women.
- Despite a surge in domestic students choosing IT studies during the pandemic, enrolments have now dropped, with a 10 per cent decline in 2022.
- Australia’s technology sector contributed over $124 billion to the local economy in the 2023-24 financial year, the report found.
- Last year’s Digital Pulse called for the country to take greater action on AI, which it forecast would disrupt the overwhelming majority of local jobs in the coming years.
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TechCrunch
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Ro CEO Zachariah Reitano says the benefits of being a private company are growing
- Ro CEO Zachariah Reitano believes the benefits of being a private company are increasing.
- Reitano dodged questions about Ro's potential IPO plans.
- Ro has raised over $1 billion in venture capital and was recently valued at $6.6 billion.
- Ro has made a significant bet on weight loss drugs and is experiencing rapid growth in that sector.
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Gritdaily
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Image Credit: Gritdaily
Top 5 Online Reputation Management (ORM) Companies
- Online Reputation Management (ORM) plays a crucial role in maintaining a positive digital presence. Finding the right ORM company is an essential step toward repairing and protecting any given entity’s online image. There are top online reputation management companies that have consistently delivered stellar results across various industries over the last five years. ORM isn’t just about damage control. It is, but it’s also about shaping how individuals or businesses are viewed in the digital space.
- Maximatic Media has quickly made a name for itself as a leading hybrid PR and ORM agency. It’s performance-based business model has been the driving force behind their meteoric rise. ReputationDefender works with both individuals and businesses to help suppress negative content and promote positive online visibility. WebiMax is a leading Digital Marketing company with a prominent focus on ORM solutions. NetReputation is best known for their speed and efficiency in addressing pressing reputation concerns. Igniyte specializes in corporate reputation management, particularly for larger businesses and executives facing high-stakes reputation issues.
- ORM typically involves addressing negative content, promoting positive content, and ensuring that search engines prioritize the best possible image of a person or business. ORM services are beneficial to a wide range of people and businesses, including small businesses, executives and public figures, entrepreneurs and startups, individuals with personal reputation issues.
- Online reputation management (ORM) is about controlling the narrative that surrounds a business, brand, or individual on the internet. ORM generally involves a mix of tactics: addressing negative content, promoting positive content, and ensuring that search engines prioritize the best possible image of a person or business. A single negative post or review can severely impact a business or personal brand. ORM isn’t something that can typically be done overnight.
- Removal of defamatory content and negative reviews, social media verification, username recovery, and impersonation control are the key strengths of the Maximatic Media. ReputationDefender offers everything from review management to search engine suppression and personal privacy protection. WebiMax takes a personalized approach to ORM. NetReputation is particularly skilled in rapid content removal. Igniyte specializes in corporate reputation management, particularly for larger businesses and executives facing high-stakes reputation issues.
- Retainer-based ORM is generally used for larger businesses or individuals who need continuous support to maintain their online image. Costs can range from a few hundred to a few thousand dollars, depending on the project’s size and difficulty. From the flexible, project-based model of Maximatic Media to the fast and efficient content removal of NetReputation, there’s a service out there for just about every need and budget.
- ORM services are beneficial to a wide range of people and businesses, including entrepreneurs and startups, small businesses, individuals with personal reputation issues, and executives and public figures. ORM helps small businesses manage reviews, remove harmful content, and build a positive online presence.
- Quick fixes like content removal or suppression show faster results, while broader efforts like SEO improvements and long-term reputation building take more time to fully come to fruition. ORM is a long-term investment in how your brand or personal name is perceived online.
- Online reputation management (ORM) is the process of shaping how a person, brand, or business is perceived online. ORM companies will work with clients to respond professionally, addressing the issue directly and offering solutions to the reviewer. In general, quick fixes like content removal or suppression show faster results, while broader efforts like SEO improvements and long-term reputation building take more time to fully come to fruition.
- Whether you’re an individual wanting to clean up search results or a small business looking to improve your online reviews, the right ORM company can make a huge difference.
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Gritdaily
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Image Credit: Gritdaily
The Filmmakers Behind Indie Adventure “The Queen’s Jewels”
- Upcoming indie adventure film, The Queen’s Jewel, directed by Joshua Friedman and Executive Produced by Linda Duncombe, is loosely based on a true story.
- The movie follows Beau Holloway, a daring surfer who sets sail in pursuit of a legendary treasure.
- The film stars Carson Rowland, Kat McNamara, Michael Evans Behling, Natalie Martinez, Michael Vogel, Tom Everett Scott, George Akram, and Marlon Aquino.
- The movie reflects adventure, friendship, and danger on the high seas.
- The cast was selected for their unique talents and their suitability for their characters.
- The official release date has not been announced; however, the team is aiming at a release date at the end of 2022 or the start of 2023.
- The production of the feature film took around three and a half years.
- The film aims to address a current demand for pure family entertainment.
- The filmmakers faced the challenge of building trust and rapport with investors.
- Duncombe brings her extensive experience and industry recognition in the finance world as a former leader and was recognized on the 'Most Powerful Women in Hollywood' list.
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Tech Story
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SoftBank-Backed Startup, Jellysmack Layoffs staff due to Restructuring Layoffs in the U.S. and France
- Tech startup Jellysmack is facing significant restructuring and layoffs in both the United States and France as it scales back its content creator program.
- Jellysmack confirmed that 22 employees in the U.S. will be affected by the layoffs, with more cuts expected in its French office over the coming months.
- The decision to reduce staff is part of a larger organizational adjustment, aimed at better aligning Jellysmack’s resources with key growth areas.
- Jellysmack is making changes to focus more on content businesses where it owns the intellectual property, which have shown continued success, particularly on platforms like YouTube.
- Recent changes to platform monetization models, particularly on Meta’s platforms, have impacted the viability of Jellysmack's business strategy
- Jellysmack is scaling back on its Creator Program on Meta, instead prioritizing its business units that manage intellectual property.
- The content properties Jellysmack will now focus on are YouTube channels like Gamology, House of Bounce, Beauty Studio, and Oh My Goal.
- Many startups in the creator economy, such as Cameo, have struggled to meet the growth expectations of venture capitalists.
- Jellysmack remains committed to supporting its creator partners and finding new ways to leverage its platform for future growth.
- Jellysmack is realigning its priorities to navigate the shifting tides of the creator economy.
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Inc42
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Image Credit: Inc42
SoftBank Nominee Paul Davison Steps Down From FirstCry’s Board
- SoftBank nominee Paul Davison has resigned as a non-executive director of FirstCry.
- Davison resigned due to SoftBank's internal compliance policies.
- His resignation came into effect on October 21.
- FirstCry's parent company, Brainbees Solutions, has seen an upward trend in its stock prices.
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Siliconangle
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Image Credit: Siliconangle
Freeform raises $14M to build an AI-powered 3D printing factory
- Freeform Future Corp. raises $14 million in funding for AI-powered 3D printing factory.
- Funding comes from Nvidia Corp.'s NVentures fund and Boeing Co.'s AE Ventures.
- Freeform's 3D printers are powered by AI software to ensure fault-free metal parts production.
- The company plans to increase production capacity, develop faster 3D printers, and expand material processing capabilities.
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TechCrunch
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Image Credit: TechCrunch
Feds clear way for EVTOL startups to bring flying vehicles to U.S. airspace
- Federal regulators have cleared the path for electric vertical takeoff and landing (eVTOL) aircraft to share U.S. airspace with planes and helicopters, benefitting startups like Joby Aviation and Archer Aviation.
- The Federal Aviation Administration (FAA) has published its final ruling on the integration of 'powered-lift' vehicles, a category created to accommodate eVTOLs.
- The ruling includes guidelines for pilot training and operating rules, allowing eVTOLs the flexibility to switch between helicopter and airplane rules.
- Joby Aviation, Archer Aviation, Beta Technologies, and Wisk Aero have collaborated with the FAA to develop these new rules, with Joby expecting to commence commercial operations upon receiving type certification.
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Inc42
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Image Credit: Inc42
Going Out Shines For Zomato In Q2, ‘District’ Launch In 4 Weeks
- Zomato's Q2 FY25 net profit took a hit with costs increment and the core food delivery vertical seeing a slowdown. On a YoY basis, the profit rose 389% from INR 36 Cr during Q2 FY24. However, Zomato’s operating revenue rose over 68.5% to INR 4,799 Cr in Q2 FY25 from INR 2,848 Cr in the September quarter of the previous fiscal.
- The gross order value (GOV) and revenue of the food delivery vertical rose only 5% and 4% QoQ, respectively, to INR 9,690 Cr and INR 2,340 Cr in Q2 FY25. Indicating a slowdown in the food delivery segment, on a YoY basis, GOV and revenue grew by a significant 21% compared to the September 2023 quarter.
- The going out business arm scaled 46% QoQ and 171% YoY following the acquisition of Paytm Insider. GOV of the vertical increased to INR 1,849 Cr in Q2 FY25, with a revenue jump of 214% to INR 154 Cr compared to INR 49 Cr in Q2 FY24.
- Blinkit continues its march, with an adjusted EBITDA loss of INR 8 Cr during Q2 FY25 as against INR 125 Cr in the year-ago quarter. The quick-commerce vertical added 152 stores and 7 warehouses during Q2 FY25, and the GOV was INR 6,132 Cr, which jumped 122% compared to INR 2,760 Cr from the previous year's quarter.
- Blinkit's market share in Delhi NCR declined to 40% during Q2 FY25 from about 47% a couple of quarters ago, as the company is expanding its presence in other metro cities. Blinkit is targeting a total dark store count of 2,000 by the end of FY26. Blinkit’s average daily GOV per store grew more than 2X jump from INR 5.9 Lakh in Q2 FY24 to INR 12.7 Lakh in Q2 FY25.
- Zomato’s B2B arm, Hyperpure, which supplies fruits, vegetables, and groceries to restaurants, witnessed revenue nearly doubling YoY to INR 1,473 Cr in Q2 FY25 from INR 745 Cr in Q2 FY24.
- Zomato has secured the nod from its board to raise INR 8,500 Cr (about $1 Bn) via qualified institutional placement (QIP) to enhance its cash balance. The foodtech major also announced that it has received the board’s nod to acquire an 8% stake in kitchen appliances maker Byondnxt.
- Zomato founder and CEO, Deepinder Goyal, gave an update on the launch of its new “District” app, stating that it would likely be live in the next 4 weeks. The app is expected to offer an improved user experience and migrate the business from Zomato and Paytm platforms to the new District app.
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Alleywatch
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Materia Acquired by Thomson Reuters
- Thomson Reuters has acquired Materia, an AI-powered co-pilot for public accounting firms.
- The terms of the transaction were not disclosed.
- Materia aims to eliminate low-value and tedious tasks in accounting and enhance the profession.
- The integration of Materia with Thomson Reuters content and solutions will transform work for tax, audit, and accounting customers.
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Inc42
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Image Credit: Inc42
Paytm Gets NPCI Nod To Onboard New UPI Customers
- Paytm has received approval from NPCI to onboard new UPI users.
- The approval is contingent upon Paytm following all guidelines and circulars.
- Paytm was previously restricted from onboarding new UPI users due to RBI restrictions.
- The approval is a major boost for Paytm to expand its user base.
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