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Startup News
Yourstory
1d
193
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Dalal Street welcomes Swiggy; stock lists at 8% premium on NSE
- Foodtech major Swiggy listed its shares on the National Stock Exchange (NSE) at a premium of 8% to the IPO price.
- The stock debuted at a premium of 5.6% on the Bombay Stock Exchange (BSE).
- Swiggy's IPO received 3.59 times subscription, driven by bids from qualified institutional investors.
- Swiggy plans to raise funds to invest in Scootsy, repay debt, expand dark store network, and invest in technology and brand-building efforts.
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Yourstory
1d
120
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Productivity hacks are overrated: Insights from Martin Casado
- Productivity hacks are often labelled as the golden ticket to success, but Martin Casado challenges their impactfulness.
- Casado emphasizes prioritizing well-being over quick-fix hacks or rigid time blocks for entrepreneurs.
- He advocates for deep, undistracted focus on mental health and a long-term approach to success.
- The philosophy is to do fewer things with higher impact, aligning energy with long-term goals.
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VIE Stories
1d
364
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BlackBuck Secures INR 501 Crore from Anchor Investors
- BlackBuck received INR 501.33 Cr from anchor investors before its IPO.
- Nomura, Invesco, and SBI were among the anchor investors.
- BlackBuck aims to raise INR 1,114.72 Cr in its IPO.
- The logistics unicorn reduced its valuation by almost 35% before the IPO.
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TechCrunch
1d
2.2k
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Swiggy debut fuels India’s food, quick commerce wars
- Swiggy concluded India's second-largest IPO, putting it in direct comparison with Zomato.
- Swiggy enters public markets with a valuation of $11.3 billion, trailing behind Zomato.
- Swiggy's quick commerce segment lags behind Zomato's Blinkit in terms of users and profitability.
- India's quick commerce market has substantial growth potential, but faces increasing competition.
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Economic Times
1d
544
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Neobanking startup Jupiter posts 5X jump in FY24 operational revenue, trims loss
- Neobanking startup Jupiter has reported a 5x jump in operational revenue to Rs 35.8 crore in FY24.
- The company reduced its net loss by 15.5% to Rs 276 crore in the same period.
- Jupiter generated Rs 16 crore in revenue from lending operations and achieved a net profit of Rs 1.3 crore.
- The startup offers a digital banking suite and has raised $167 million at a post-money valuation of around $645 million.
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Economic Times
1d
193
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Space startup Firefly valued at over $2 billion in latest funding round
- Firefly Aerospace has raised $175 million in a late-stage funding round led by RPM Ventures, valuing the space startup at more than $2 billion.
- Firefly makes small and medium launch vehicles for commercial launches to the earth's orbit and offers on-orbit services through its Elytra line of orbital vehicles.
- The startup is preparing for its first mission to the moon, dubbed Blue Ghost, as part of NASA's Commercial Lunar Payload Service initiative.
- Firefly intends to use the funding to enhance the market reach of its Elytra spacecraft, transition to full-scale production of its Alpha rocket, and expedite the hardware qualification for newly developing vehicles.
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Gritdaily
1d
253
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Strategies for Successful Cross-Channel Advertising: 9 Tips from Advertising Leaders
- Creating a centralized campaign brief that outlines core messaging, tone, visuals, and goals is a key strategy that ensures a consistent message and seamless customer experience across channels.
- Developing a unified brand story tailored to each platform, maintaining a consistent core message and visuals while adapting the tone, is an effective marketing strategy.
- Establishing a clear brand voice and visual style, with the consistent use of logos, color schemes, fonts, and design elements, is another useful strategy for cross-channel advertising campaigns.
- Prioritizing keyword consistency by aligning all content with impactful SEO keywords that mirror the user's intent helps to ensure a cohesive journey across platforms.
- Building from your Unique Value Proposition (UVP) and developing a unified brand narrative while creating a centralized content calendar can help align messaging, visuals, and timing across all platforms.
- Using marketing-automation platforms to sync campaigns in real-time tracks engagement metrics across channels ensuring the message remains consistent and on point.
- Mapping the customer journey is critical to truly understanding how customers engage with a brand, and tailoring the messaging at each stage can elevate the experience.
- Developing a unified content and messaging framework that outlines the core messaging, brand voice, visuals, and unique value propositions used across all platforms is an effective strategy.
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VIE Stories
1d
112
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Funstop Games Funding - Funstop Secures $5 Million in Series A
- Funstop Games, a homegrown casual gaming studio, has raised $5 million in its Series A fundraising round.
- The funding round was led by 360 ONE Asset and InfoEdge Ventures.
- The funding will be used to expand Funstop's game portfolio, strengthen its ad-tech capabilities, and intensify game development activities.
- Funstop Games aims to fuel the growth of India's gaming industry and bring uniquely Indian storytelling to a global audience.
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Economic Times
1d
42
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Swiggy shares list at 8% premium over IPO price
- Shares of Swiggy debut on Dalal Street with a 7.69% premium over IPO price.
- Listing at Rs 420 on NSE, with a premium of 5.64% at Rs 412 on BSE.
- The IPO was subscribed 3.6 times, driven by institutional investors.
- Swiggy's IPO price band was set at Rs 371-390 per equity share.
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Yourstory
1d
93
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SaaS firm Kovai.co acquires Floik to enhance its knowledge management platform
- SaaS firm Kovai.co has acquired Floik to enhance its knowledge management platform.
- The deal size remains undisclosed.
- The integration of Floik's capabilities into Document360 aligns with Kovai.co's vision of creating a robust knowledge management solution.
- Floik's interactive tools will empower end-users to understand and leverage the software's capabilities.
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Inc42
1d
11
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Starlink Seeks Indian Security Clearance For Satellite Broadband: Report
- Starlink, owned by SpaceX, is reportedly seeking security clearance for a license to offer satellite broadband services in India.
- To obtain the permit, Starlink needs to meet all security requirements and convince the Indian government that it processes and stores data locally and maintains secure satellite signals.
- The company has assured the Indian government of its willingness to comply with all security requirements.
- If granted security clearance, Starlink would be a step closer to Elon Musk's plans to offer broadband services in India, currently dominated by Reliance Jio and Bharti Airtel.
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StartupDaily
1d
275
Facebook’s parent company, Meta, wins ‘Shonky’ award for not tackling scam ads
- Facebook's parent company, Meta, has won an award for its poor performance in tackling scam ads.
- Consumer group CHOICE awarded Meta a ‘Shonky’ because it failed to protect Australians from scams.
- Last year, Facebook’s social media platforms accounted for 76% of all reported social media scam losses.
- Meta was accused of making $44m from networks that were subsequently removed for 'coordinated inauthentic behaviour', including political manipulation and scams.
- CHOICE found three suspicious Facebook ads, but when reported to Meta, they remained live for up to four days.
- The Shonky Awards highlight product and business practices and were awarded to Meta, NIB, Acerpure, Daily Juice and GroundingWell.
- Former government cybersecurity boss Alastair MacGibbon accused social media companies of being “wilfully blind towards criminality on their sites”.
- Meta responded to criticism by invoking a US law called Section 230, which gives it immunity from liability for fraudulent ads.
- Consumer watchdog the ACCC is pushing for tougher controls on technology giants, including Google, Apple and Amazon, to tackle scams and fraud.
- CHOICE has been campaigning for mandatory obligations on social media companies, including Meta, to do more to prevent scams and support scam victims.
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Gritdaily
1d
116
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Turning the Page: How Gary Gensler’s Exit Could Usher in a Golden Era for Crypto
- During Gary Gensler's tenure as Chair of the SEC, his “regulation by enforcement” strategy resulted in lawsuits, fines, and legal battles with major exchanges like Coinbase & Binance regarding the categorization of digital assets as securities.
- This lack of direction prompted several firms to relocate overseas, positioning the US as a less competitive environment for digital finance, and adding volatility to the market.
- The incoming Trump administration could bring the clarity and structure that the crypto industry has been calling for, finally offering a supportive framework and environment.
- Gensler’s opposition to approving Bitcoin spot ETFs left a legacy marked by missed opportunities for broader adoption of Bitcoin.
- As Gensler exits his role, there’s renewed hope for a more predictable regulatory approach that could help restore market confidence and stabilize prices.
- The potential for new SEC leadership brings optimism that the industry will finally receive the regulatory clarity it has long demanded.
- The Trump administration’s return, along with Gary Gensler’s departure, may mark a pivotal moment for the cryptocurrency industry. These changes reflect a cultural shift toward viewing cryptocurrency as a legitimate and essential part of the economy.
- Crypto industry poised for its next chapter—one of growth, legitimacy, and meaningful impact on the global financial system.
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ISN
1d
680
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Growth stage focused Physis Capital marks second investment of Rs 5 crore in CTPL
- Physis Capital has made its second investment of Rs 5 crore in CTPL, a startup modernizing the education sector with its Admissions as a Service platform.
- CTPL's platform offers customizable workflows, CRM-driven lead management, and AI-powered decision-making for efficient admissions.
- The startup aims to increase revenue and improve efficiency for educational institutions by optimizing operations and boosting student engagement.
- CTPL has raised a total of $4 million in funding and plans to ramp up technology capabilities and drive global expansion.
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ISN
1d
732
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StampMyVisa raises Rs 6.6 crore from Unicorn India Ventures to transform B2B travel sector
- StampMyVisa, an AI-powered platform, has raised Rs 6.6 crore from Unicorn India Ventures in a pre-Series A funding round.
- The startup will use the funds to support its expansion, enhance AI capabilities, and introduce innovative services in the B2B travel sector.
- StampMyVisa operates an AI-powered platform that simplifies the visa application process for businesses, aiming to achieve a million visas annually.
- With the growing global e-Visa market, StampMyVisa plans to capture a significant market share with its AI-driven solutions.
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