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Startup News
Hackernoon
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Meet Super Duper Studios, Startups of the Year 2024 Nominee
- Super Duper Studios has been nominated in HackerNoon's annual Startups of The Year awards in Toronto, Canada.
- Super Duper Studios is a Gen Z social media agency that optimizes brands for the internet.
- They merge traditional brand strategy with tomorrow's social strategy to transform brands into internet citizens.
- Super Duper Studios has achieved milestones such as launching three Super Bowl ads and being the lead sponsor for the 2023 One Life Gala in Toronto.
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Yourstory
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MPL parent M-League's revenue rises 22% to $130M in FY24
- MPL parent M-League's revenue increased by 22% to $130 million in FY24.
- MPL India's revenue surged by over 35% to $88 million in FY24, with a 60% increase in Gross Gaming Revenue and cash-paying monthly active users.
- M-League achieved breakeven with an Adjusted EBITDA of $0.2 million, significantly improving from the previous year.
- M-League's subsidiary GameDuell experienced 50% revenue growth and shifted focus to Free-to-Play games.
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VIE Stories
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Lenskart Appoints Abhishek Gupta as New CFO
- Lenskart has appointed Abhishek Gupta as its new Chief Financial Officer (CFO), replacing Mukti Hariharan.
- Abhishek Gupta previously served as the CFO at OYO for nine years.
- As CFO, Gupta will be responsible for strategic planning, financial strategy, and corporate governance at Lenskart.
- Lenskart recently secured $20 million in funding from its co-founders.
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Economic Times
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Image Credit: Economic Times
Former Oyo exec Abhishek Gupta joins Lenskart as CFO
- Abhishek Gupta, former CFO of Oyo, has joined Lenskart as its CFO.
- Gupta left Oyo in March 2021 and joined Lenskart in August.
- Gupta replaces Mukti Hariharan, who is now VP of finance at Coca Cola India & Southwest Asia.
- Lenskart plans to invest $200 million in a new manufacturing plant and achieved a revenue run rate of $1 billion for the current fiscal year.
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AllTopStartups
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ITAD: Everything you need to know
- IT Asset Disposition (ITAD) is the process of retiring, reselling, recycling, or disposing of IT equipment in a secure and environmentally responsible manner.
- ITAD ensures data security by securely erasing sensitive data from decommissioned devices, reducing the risk of data breaches.
- ITAD promotes responsible recycling and disposal of IT equipment, contributing to a more sustainable IT ecosystem.
- Choosing the right ITAD partner is crucial to ensure a smooth and secure process, with certifications in data security and environmental compliance being important indicators.
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ISN
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Image Credit: ISN
Women’s western fashion brand Berrylush partners with GoKwik
- Women’s western fashion brand Berrylush has partnered with GoKwik, an e-commerce enablement platform, to enhance its online presence and accelerate growth.
- The partnership aims to double Berrylush's order volume and revenue by 2025 and expand its D2C footprint across deeper Indian regions.
- Berrylush plans to utilize GoKwik's shopper network and technology to provide an enhanced shopping experience, boost COD GMV, and reduce returns.
- GoKwik, with its market presence and solutions, will support Berrylush's growth plans and help reduce drop-offs and RTO rates in the coming months.
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Yourstory
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Zomato allots nearly 20 lakh equity shares in ESOPs ahead of Q2 results
- Zomato has allotted 19.66 lakh equity shares under various employee stock option plans ahead of its second quarter financial results.
- The shares were allotted under ESOP plans 2018, 2021, and 2022.
- The allotted shares are valued at Rs 52.51 crore based on the opening price of Rs 267 apiece.
- Zomato is set to announce its second-quarter results soon and is considering raising capital through qualified institutional placement.
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Inc42
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362
Image Credit: Inc42
GlobalBees Infuses INR 4.5 Cr Into Dynamic IT Solution
- GlobalBees, a subsidiary of FirstCry, has invested INR 4.5 Cr in Dynamic IT Solution Private Limited, another acquisition made through the arm.
- Dynamic IT Solution Private Limited is involved in designing, developing, and trading software, sports & fitness accessories, and other products under the brand name Strauss.
- For the financial year ending March 2024, Dynamic IT Solution recorded a turnover of INR 27.4 Cr and net worth of INR 14.06 Cr.
- FirstCry also received a goods and service tax demand notice from Karnataka GST authorities for a discrepancy in input tax credit in the financial year 2020-21.
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AllTopStartups
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Why Aren’t You Using Customer Sentiment Analysis? Your Startup Could Be Missing Out Big Time
- Customer sentiment analysis helps startups to understand the emotions of customers based on feedback surveys, reviews, social media posts and many more.
- It is essential for businesses to pay attention to the emotions of customers as they have a direct impact on the bottom line.
- Sentiment analysis helps startups take corrective action before small frustrations turn into big problems, leading to higher retention rates, better reviews, and more referrals.
- Incorporating AI-driven sentiment tools into the contact center empowers the team to handle real-time feedback alerts efficiently, resulting in improved customer experience.
- Craft marketing and sales strategies that resonate with customers' emotions and be in sync with what customers want and need before they spell it out for you.
- Sentiment analysis also helps identify when customers are ready to buy, making upselling or cross-selling easy.
- Incorporating sentiment analysis is a necessity for startups that want to build lasting customer relationships in a competitive market.
- The technology is only getting more advanced and as AI continues to evolve, the startups that leverage these insights will stand out.
- Customer sentiment analysis is a goldmine of insight that startups shouldn't ignore.
- It's time to start listening and start winning with customer sentiment analysis.
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AllTopStartups
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256
Image Credit: AllTopStartups
What Start-Up Businesses Need to Know About VPS Hosting
- VPS hosting is a reliable and scalable hosting solution for start-up businesses.
- VPS hosting provides an isolated environment with dedicated resources for better performance.
- It offers scalability to accommodate future growth without downtime or server migration.
- VPS hosting enhances security and allows customization and control for start-ups.
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Medium
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Image Credit: Medium
From Dreams to Realty: How Ankit Jain Revolutionised Office Spaces
- Ankit Jain, with 22 years of experience in real estate, shared his entrepreneurial journey and insights into real estate, business growth, and startup perseverance.
- Skootr, Ankit's tenth venture, has achieved exponential growth from ₹50 lakhs to ₹30 crores per month business. They manage 2.5 million square feet of office space and aim to reach 6.5 million square feet by 2028.
- According to Ankit, entrepreneurs are made through circumstances, passion, perseverance, and persistence. Anyone with problem-solving skills and the ability to overcome challenges can become successful.
- Ankit emphasized the importance of having a co-founder with complementary skills and qualities. Sharing the same vision and collaborating to find solutions are crucial for success.
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Startup Pedia
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Image Credit: Startup Pedia
This Bengaluru Auto Driver Is Striving to Remove Language Barrier
- Ajmal Sultan, also known as 'Azzu', an autorickshaw driver in Bengaluru, is bridging the language barrier by teaching Kannada to non-Kannadiga passengers.
- He has pinned up a leaflet inside his auto offering passengers a chance to learn Kannada while commuting.
- Azzu Sultan compiled a list of basic words required to communicate with an autorickshaw driver and translated them into Kannada, which he displayed in his autorickshaw.
- He also handed out these language cards to at least 500 autorickshaws in the city and promotes linguistic harmony through his online presence.
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TechRound
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114
Image Credit: TechRound
Startups That Are Innovating The Basketball Industry
- Startups in the basketball industry have been on the rise, leveraging technology to enhance player analytics, training tools, and fan engagement.
- Basketball is a significant industry, with around 1.2 million children and young people, and 350,000 adults participating in the sport regularly in England.
- Notable startups in the basketball industry include Sportvisio, SIQ Basketball, UTRAIN, Hoopfit, and Robo Point Guard, offering innovative solutions such as AI-based game analysis, real-time shot tracking, booking platforms for trainers, advanced training machines, and player development through robotics and AI.
- These startups are revolutionizing how basketball is played, coached, and experienced, further driving the growth of the sport.
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Eu-Startups
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Helsinki-based Avenue Biosciences raises €2.3 million to scale AI-enhanced protein engineering
- Helsinki-based biotech company Avenue Biosciences has raised €2.3 million in a seed financing round led by Voima Ventures.
- The funding will be used to accelerate the development of Avenue Biosciences' platform for efficient protein production.
- The technology aims to shorten development times and lower costs for critical therapies, making them more accessible to patients globally.
- Avenue Biosciences plans to launch the commercial sales of the platform in Q4.
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TechCrunch
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Image Credit: TechCrunch
CrewAI uses third-party models to automate business tasks
- CrewAI, founded by João Moura, aims to automate repetitive, back-office tasks.
- The company utilizes third-party AI models from vendors like OpenAI and Anthropic.
- CrewAI offers workflow automation as an alternative to rigid robotic process automation (RPA).
- The company has raised $18 million in funding and has attracted 150 customers in its first year.
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10 Likes
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