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Eu-Startups
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Portuguese energy startup Gazelle Wind Power raises an additional €2 million for its offshore wind platform tech
- Portuguese energy startup Gazelle Wind Power raises an additional €2 million for its offshore wind platform technology.
- The funding, secured from Banco Português de Fomento, brings the total investment for its 'Nau Azul' pilot project to €18.8 million.
- Gazelle Wind Power focuses on developing floating platforms for offshore wind energy to make wind energy production in deep waters more viable and environmentally friendly.
- The investment will enable Gazelle to strengthen its position in the renewable energy sector, expand its technical team, and advance the construction of the 'Nau Azul' pilot project.
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Medium
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Most PMs stall. Here’s How to Keep Getting Better at Product.
- Product management involves a variety of challenges and responsibilities, often leading to a lack of focus on core product management skills.
- Amidst peripheral activities, dedicating time to 'Product time' is crucial for enhancing skills and staying relevant in the field.
- The author suggests practicing product management techniques through a new tool called MVPbrief, which aims to make product challenges more accessible and user-friendly.
- MVPbrief is designed to generate product challenges with scenario breakdowns, offering a valuable resource for both seasoned professionals and those new to the field.
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Startup Pedia
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India is on track to become a USD 5 trillion economy by 2027-28, says the Chief Economic Advisor
- India is on track to become a USD 5 trillion economy by 2027-28, according to Chief Economic Advisor V Anantha Nageswaran.
- CEA highlights that India is positioning itself to benefit from shifting global trade dynamics and facing complex geopolitical challenges.
- Anantha Nageswaran emphasizes 'Trust, Deregulate, and Reciprocate' as a strategy to avoid the middle-income trap.
- He warns about the impact of AI and robotics on service jobs and suggests prudent deployment of AI alongside human labor.
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Inc42
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Regulatory Challenges Behind Us: Ola Electric’s Bhavish Aggarwal
- Ola Electric's founder and CEO, Bhavish Aggarwal, stated that regulatory issues are now resolved as they focus on scaling revenue and operating leverage towards sustainable profitability by FY26.
- The company has addressed the lack of trade certificates for its stores by engaging with state-level RTOs to ensure compliance or filed for required certifications.
- In response to regulatory concerns, Ola Electric stated it operates a network of 4,000 stores across India and has been actively engaged with government agencies to address queries and issues.
- Despite a consolidated net loss in Q4 FY25, Ola Electric aims for EBITDA profitability for its auto segment in FY26 while focusing on capital allocation and operational risk management.
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Eu-Startups
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“Golden nuggets of insight” – Danish startup TODAY secures €1 million to help financial advisors save time and sell smarter
- Copenhagen-based startup TODAY secures €1 million in pre-Seed funding to scale its AI tools for financial advisors.
- Funding round led by Lucid Capital and backed by angel investors experienced in AI and financial services.
- TODAY's AI assistant helps advisors save time through automation of documentation and coaching workflows.
- Product focuses on improving user experience, integrates with popular meeting platforms, and ensures compliance with regulations.
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ISN
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Sportstech startup KhiladiPro raises $1 million in a pre-Seed funding round
- KhiladiPro, a sportstech startup in Bengaluru, has raised $1 million in a pre-seed funding round led by Shastra VC and MGA Ventures.
- The funding will be used to enhance AI models and expand geographically, focusing on revolutionizing how young sporting talent is discovered and trained in India.
- KhiladiPro's platform combines mobile-based visual AI with global athletic training frameworks to provide expert-grade sports assessments at scale.
- The startup offers tools like KPro Sports Ability Test and Khiladi Ability Index, partnering with sports associations and leagues to standardize youth athlete development.
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Economic Times
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Ola Electric to focus on capital discipline, risk management: CEO Bhavish Aggarwal after dismal Q4 earnings
- Ola Electric, under CEO Bhavish Aggarwal, is focusing on capital discipline and risk management following disappointing Q4 earnings.
- Transitioning to a public company has prompted a more mature approach to managing operational risk and capital allocation.
- The company is now prioritizing careful capital deployment for new product development and institutionalizing operational processes.
- Ola Electric reported a widened net loss in Q4 FY25, with operating revenue plunging, leading to increased regulatory scrutiny and eroding market share.
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TechCrunch
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7 days until doors open at TechCrunch Sessions: AI
- TechCrunch Sessions: AI event is starting in just 7 days, featuring leaders from Google Cloud, Anthropic, OpenAI, Twelve Labs, and more.
- Attendees can benefit from main stage talks and breakout sessions discussing AI strategies, investor insights, and technical advancements.
- The event will cover a wide range of topics including AI ethics, startup scaling, investor perspectives, and real-world AI deployment.
- Discounted ticket offers are available until June 4, with opportunities for high-impact networking, live startup pitches, and deeper discounts through AI trivia participation.
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Economic Times
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Maruti, Japanese trade body to facilitate business opportunities for startups from India, Japan
- Maruti Suzuki India has partnered with the Japan External Trade Organisation to promote innovation and facilitate business opportunities for startups from India and Japan.
- A Memorandum of Understanding (MoU) between Maruti Suzuki and JETRO will enable Indian startups to access Japan's innovation ecosystem, and vice versa for startups in Japan to access India's ecosystem.
- The collaboration will involve supporting startups in participating in activities, events, and connecting them with relevant partners in order to enhance networking opportunities.
- The MoU aims to provide a platform for promising Indian startups to explore the Japanese business landscape and foster innovation while strengthening the ties between India and Japan.
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Inc42
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How Netflix Inspired Winzo’s INR 1K Cr+ Gaming Empire
- WinZO's journey to becoming an INR 1,000 Cr+ gaming empire was inspired by Netflix's India entry in 2016, with the founder Paavan Nanda sharing insights on the evolution of the platform since its inception in 2018.
- Observing the surge in content consumption post Jio's free internet initiative, WinZO identified the white space in gaming and aimed to create a centralised gaming platform akin to Netflix for movies.
- Initially focusing on casual games instead of established models like rummy or fantasy sports, WinZO's approach of low-entry barriers, vernacular-first content, and trust-building strategies led to rapid growth.
- The platform's revenue growth surpassed 10X post the pandemic, reaching INR 1,055.20 Cr in FY24, and the addition of MS Dhoni as a brand ambassador further boosted user acquisition.
- Despite challenges from the revised 28% GST on RMG companies, WinZO aims to offset domestic pressures through international expansion into markets like Brazil, focusing on sustained growth and market share.
- Undergoing audits for FY25 revenue, WinZO's strategic recalibration amidst evolving regulatory frameworks and market dynamics will play a pivotal role in its global positioning in the online gaming sector.
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Economic Times
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Quick commerce now accounts for 20% of ecommerce sector in India: Walmart International CEO
- Quick commerce now accounts for 20% of India’s ecommerce market and is growing at a rate of 50% annually, as stated by Walmart International CEO, Kathryn McLay.
- Flipkart's Indian marketplace entity has received a cash infusion of Rs 2,225 crore from its parent, focusing on expanding its quick commerce vertical, Minutes, targeting 800 dark stores by 2025.
- Walmart is prioritizing market share and growth over near-term profitability for its Indian ecommerce businesses, Flipkart and Myntra, with recent fund infusions into these entities.
- Despite rapid growth, quick commerce constitutes a modest part of India's retail sector, facing competition from various players like Blinkit, Swiggy's Instamart, Zepto, Amazon, BigBasket, and JioMart.
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ISN
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Hyderabad-based PayG secures RBI payment aggregator license
- Hyderabad-based payment gateway PayG has obtained the RBI's approval to operate as a licensed payment aggregator, enhancing digital commerce infrastructure for India's micro, small, and medium enterprises.
- The approval allows PayG to provide digital payment solutions while adhering to India's evolving payments framework, offering services such as credit and debit card acceptance, net banking, and wallet integrations.
- PayG focuses on serving small and medium businesses, offering over 120 payment options with a transparent pricing structure. The firm aims to support digitally underserved businesses with product development and merchant assistance.
- The company is collaborating with ONDC to simplify onboarding processes and digital transitions for merchants, positioning itself as a digital ally for Indian merchants in the evolving economy.
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Futurefundraisingnow
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How about a money-back guarantee for donors?
- Money-back guarantees are common in the commercial world, offering customers a risk-free option when making a purchase.
- Guarantees act as an objection-overcomer, reassuring customers that they can get their money back if the product or service does not meet expectations.
- While money-back guarantees are prevalent in sales, they are not commonly seen in fundraising efforts.
- Implementing a money-back guarantee in fundraising could help overcome donor objections and potentially attract more contributions with minimal risk to revenue.
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ISN
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41
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Home hygiene brand Cleevo raises $1 million in a Seed round led by Eternal Capital, others
- Home hygiene brand Cleevo raises $1 million in a seed funding round led by Eternal Capital, with participation from other investors including Zeca Capital and Utsav Somani's iSeed.
- Cleevo, founded in 2022 by Mayank Jain and Karan Shah, focuses on compact concentrates for household cleaning, aiming to offer non-toxic and high-performance products that are more environmentally friendly.
- The company's products, priced at around Rs 399, offer the equivalent of 5 liters of traditional cleaners in concentrate form, catering to both urban millennials and price-sensitive tier II and tier III households.
- Cleevo plans to use the funding to expand manufacturing capacity, invest in research and development, and explore new digital-first channels, B2B projects, and international markets while also focusing on talent acquisition and brand campaigns.
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TechBullion
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Stanford grads announce $28M Blockchain Builders fund incubating frontier web3 startups
- Blockchain Builders, a venture fund embedded in the Stanford blockchain ecosystem, has closed $28 million Fund I, investing in Stanford’s crypto community and top institution founders.
- Founded by Stanford graduate students Gil Rosen, Kun Peng, and Steven Willinger, the fund has already invested over $16 million in 40 blockchain ventures across various sectors.
- The fund, with significant Stanford ties, provides hands-on support to high potential founders, positioning them for follow-on rounds led by tier-1 investors.
- Looking ahead to Fund II, Blockchain Builders plans to expand support to the new IC3-Cornell accelerator and collaborate with leading academic institutions and organizations in the blockchain space.
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