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Eu-Startups
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Track tenders, win bids – That’s exactly what British startup Stotles just raised €11.5 million to help businesses achieve
- London-based startup Stotles raises €11.5 million in Series A funding round to expand into the US market and enhance its platform.
- Stotles is a platform helping private sector suppliers grow their revenue in the public sector by providing tools to track tenders, win bids, and navigate the complexities of selling to the public sector.
- Stotles' AI technology analyzes government data to size suppliers' markets, generate drafts of bids, and qualify opportunities, aiming to save time and enhance decision-making.
- The funding round was led by Headline and Acton, with participation from Form Ventures and Seedcamp, following Stotles' rapid growth, increase in customer base, and development of AI-powered platform.
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Inc42
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In It For The Long Haul: How Indian VCs Are Making A Case For Patient Capital
- Indian VCs are adopting patient capital approach, investing in early-stage growth companies for the long term, unlike the fast-paced market norm.
- Around 2010-2011, early VCs in India focused on quick returns rather than patient capital, driven by overseas LPs and a playbook of rapid scaling and exits in 3-5 years.
- Exceptions like Blume Ventures and a few Indian family offices embraced patient capital early on; funds relied heavily on foreign investors initially.
- Patient capital in India began with philanthropic funding, evolved into a structured category, especially in sectors like cleantech & deeptech.
- The shift towards patient capital has led to more domestic LPs investing in early-stage startups, although foreign LPs still dominate funding.
- The concept of patient capital faces challenges in a VC ecosystem built for quick returns and requires a strategic shift towards longer investment horizons.
- Patient capital is crucial for sectors like agritech and electric mobility but clashes with short-term return expectations from LPs.
- Investors highlight the importance of aligning founder and LP expectations, managing illiquidity concerns, and structuring funds for progressive liquidity to make patient capital work.
- Increasing domestic LP participation in long-term bets requires policy support, alignment with startup objectives, and a shift towards viewing venture capital as a structured asset class.
- Despite challenges, there is a gradual shift towards patient capital in India, emphasizing the need for a deeper domestic pool of patient capital for sustainable growth.
- The evolving landscape of Indian VCs signals a move towards patient capital, driven by a growing focus on long-term investments and the imperative for domestic LPs to support innovation and growth.
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ISN
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Mumbai-based on-demand home services startup Snabbit raises $19 million
- Mumbai-based on-demand home services startup Snabbit has raised $19 million in a funding round led by Lightspeed.
- The startup aims to scale from a few neighborhoods to over 200 micro-markets in the next nine months, offering services like cleaning, dishwashing, laundry, and more.
- Snabbit differentiates itself by providing rapid home assistance within 10-15 minutes, enabled by its hyperlocal deployment strategy and hourly billing.
- The platform, founded in 2024 by Aayush Agarwal, manages sourcing, training, and deployment of professionals, doubling its workforce monthly, with a focus on empowering women from informal job backgrounds.
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TechBullion
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How Female Motivational Speakers Are Shaping the Future of Public Speaking
- Female motivational speakers are reshaping public speaking by bringing fresh perspectives, emotional intelligence, and transformative narratives to stages worldwide, challenging traditional speaking norms.
- They introduce empathy, vulnerability, and relatability, making public speaking more accessible and inclusive, fostering genuine engagement with audiences.
- Storytelling is a central technique employed by female speakers, enabling them to make abstract concepts tangible and enhance message retention through emotional resonance.
- These speakers bring diverse voices and experiences to the stage, inspiring audiences to challenge norms and push beyond limitations, thereby enriching the narrative landscape of public speaking.
- Female speakers adopt interactive and collaborative styles, emphasizing co-learning and mutual growth, shifting public speaking from a monologue to a dialogue.
- They use their platforms to advocate for social change, linking personal experiences with broader issues and inspiring audiences to contribute to societal transformation.
- Female motivational speakers excel in digital platforms, reaching global audiences, engaging in live sessions, and fostering lasting influence and loyal communities.
- Their influence on future generations inspires young girls to find their voices, build confidence, and cultivate leadership skills, redefining possibilities and representation.
- Despite facing criticism, female speakers exemplify resilience, grace, and the willingness to grow, emphasizing the importance of impact over image on stage.
- Through empathy, authenticity, digital innovation, and social impact, female motivational speakers are transforming public speaking to be compassionate, collaborative, and courageous for a diverse and inclusive future.
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Inc42
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Exclusive: Quick Fashion Startup Knot In Talks To Raise $3 Mn In Maiden Round
- Quick fashion startup Knot, founded by Archit Nanda and Rachit Bansal, is in talks to raise $3 Mn in maiden funding round led by Kae Capital.
- The round is also expected to include investment from WEH Ventures and All In Capital.
- Knot, a pivot from their previous startup Slick, focuses on quick fashion delivery, allowing customers to try on clothing before purchasing.
- Quick commerce in the fashion sector is growing rapidly, with various startups entering the market to offer fast deliveries in response to consumer demand.
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Semiengineering
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Image Credit: Semiengineering
The DAC Valuation
- The Design Automation Conference (DAC) is facing a funding gap, which resulted in a reduction of the technical conference days.
- DAC's size has decreased due to factors like travel cuts, companies being more secretive about products, and hosting private trade shows.
- Larger EDA companies argue that they are subsidizing startups by participating in DAC and question the value received.
- Cost of sales for EDA companies is high, especially considering it primarily targets a few potential customers.
- Startups face challenges in selling new products without a global sales force, making it difficult to compete with established EDA companies.
- DAC serves as a platform for new technology visibility, but the increasing barriers for startups may hinder innovation in the EDA industry.
- VC funding for startups in the EDA domain is decreasing, potentially leading to fewer research ideas turning into startups.
- Barriers to startup success need to be reduced to maintain a vibrant EDA ecosystem and encourage innovation.
- Greater support for startups and new ideas through DAC and other platforms is crucial for the future health of the EDA industry.
- Diversification in the EDA industry is seen as essential to foster creativity, generate new ideas, and drive innovation.
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TechJuice
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Pakistan Startup BeMe Raises Massive Funding from Village Capital
- Village Capital has invested $200,000 in three women-led startups, including Pakistan startup BeMe, as part of the Women in Tech Financing Facility.
- The three startups—BeMe (Pakistan), Dabchy (Tunisia), and FreshSource (Egypt)—were selected for their impactful solutions addressing local challenges in mental health, sustainability, and agriculture.
- BeMe is a mental health platform in Pakistan offering 24/7 access to certified therapists for individuals and the diaspora, aiming to address the nation’s shortage of mental health professionals.
- Empowering women entrepreneurs and overcoming funding barriers for women-led businesses are key focus areas, given the low funding accessibility for women-led startups in regions like MENA and Pakistan.
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Medium
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Why Smart Investors Care About Intellectual Property: How Smart Investors Mitigate Risk and…
- Intellectual property (IP) is crucial for investors due to its role in protecting a company's innovations and reducing risk.
- IP provides a monopoly right to block competitors, allowing companies to focus on growth activities over an extended period.
- Understanding the types of IP rights such as patents, trademarks, copyrights, and trade secrets is vital for investment analysis.
- Valuing IP portfolios can be challenging but is essential in determining the worth of a company's intangible assets.
- Strong IP portfolios not only protect value but also create it by signaling uniqueness and defensibility to investors.
- IP-backed startups attract premium acquisition offers as acquirers see them as strategic assets with a competitive edge.
- IP can be monetized through licensing agreements, enabling startups to generate income beyond product sales.
- Investors should prioritize IP due diligence to protect investments, enhance valuations, and secure strategic advantages.
- IP drives competitive advantage, increases acquisition value, and mitigates risks in investment decisions.
- Strong IP portfolios are not just legal formalities but critical business assets for long-term success and growth.
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SiliconCanals
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European Commission announces EU Startup and Scaleup Strategy: All you need to know
- The European Commission has introduced an EU Startup and Scaleup Strategy to promote growth in startups and scaleups in the EU, aligned with the 'Choose Europe' initiative.
- The Strategy aims to address challenges faced by startups and scaleups by supporting them across their lifecycle within the EU.
- Key areas of focus include fostering innovation, supporting market expansion, attracting talent, enhancing access to resources, and expanding the European Innovation Council (EIC) to improve finance.
- Initiatives like the Lab to Unicorn aim to accelerate the transition from lab to market by connecting university ecosystems.
- The Strategy also includes measures to attract skilled workers, simplify tax rules for employee stock options, and provide better funding opportunities for startups and scaleups.
- The European Innovation Council will be expanded to offer improved funding opportunities and bridge the financing gap for deep tech companies.
- Allied for Startups (AFS) supports the Strategy but raises caution about the EU's reliance on regulatory leadership as a growth driver.
- AFS emphasizes the need for concrete measures to translate the Strategy into meaningful progress for startups in Europe.
- Monitoring key performance indicators will track the increase in the number of startups, scaleups, and unicorns within the EU.
- A comprehensive report on the Strategy's implementation is expected by the end of 2027.
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Startup Pedia
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"70% of students don't know what to study after Class 10, 12": Education Expert
- Approximately 70% of Indian students are uncertain about their career choices after Class 10 or 12, according to education expert Viral Doshi.
- Doshi emphasized the importance of pursuing interests in undergraduate studies, citing successful individuals like Anand Mahindra, Jack Ma, and Sundar Pichai who excelled in different fields despite their unrelated undergraduate degrees.
- The expert highlighted that postgraduate qualifications based on individual interests hold greater significance in the long run than undergraduate degrees.
- Doshi recommended a four-step plan for students to discover the right career path, including psychometric testing, career research, interacting with professionals, and job shadowing.
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Inc42
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Moneyview Renames Parent Entity Ahead Of IPO
- Fintech unicorn Moneyview has changed the name of its parent company to Moneyview Private Limited in preparation for its potential IPO.
- The approval for the name change was given by the board of directors on May 15, according to regulatory filings.
- The move aims to enhance brand recognition as Moneyview gears up for its stock market listing.
- Moneyview is expected to raise $400 Mn through its IPO and offers various financial products like loans, credit cards, and insurance.
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TechCrunch
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Lightspeed backs Indian home services startup Snabbit as the next big consumer trend
- Indian home services have traditionally been offline, but startups are now leveraging technology for transformation.
- Snabbit, a startup founded last year, allows customers to book various home services through its app.
- It recently secured $19 million in Series B funding from Lightspeed, Elevation Capital, and Nexus Venture Partners.
- Snabbit focuses on sourcing, screening, training, and managing workers to ensure quick service.
- Competition in this space includes Urban Company, Broomees, and Pronto which are also gaining traction.
- Snabbit charges between ₹169 and ₹499 for services, offering a different pricing model than its competitors.
- The startup invests in technology for better customer experiences and compliance with regulations.
- Workers on Snabbit's platform receive benefits like insurance and a reliable support system.
- The potential for growth is high, with plans to expand to more micro markets within India.
- While showing promising growth, Snabbit faces challenges in customer retention and competition in the market.
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Gritdaily
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Why CASEKOO Chose a Puppy in a Bubble Bath as the Face of Its New Relaxation-Themed Case
- CASEKOO, a phone case brand, introduced a new relaxation-themed case featuring a puppy in a bubble bath as the face of the design.
- The case includes an integrated ring stand called Magic Stand technology, providing functionality like a kickstand, finger ring holder, and magnetic compatibility with MagSafe accessories.
- CASEKOO's focus has shifted from solving functional problems to incorporating playful elements, evident in their collaboration with actress Yara Shahidi and the introduction of interactive MagStickers featuring Manyu in various chill modes.
- The deeper message behind the collaboration reflects a theme of self-care, tapping into post-pandemic consumer behavior that values wellness as a daily necessity, and the incorporation of emotional expression through tech accessories.
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Inc42
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Image Credit: Inc42
IPO-Bound Imarticus Learning Acquires MyCaptain For INR 50 Cr
- IPO-bound upskilling startup Imarticus Learning has acquired Bengaluru-based edtech platform MyCaptain for INR 50 Cr in a cash and stock deal.
- All 250 employees of MyCaptain will be absorbed into Imarticus, with the founders continuing to run the business.
- Imarticus aims to enhance its course offerings by leveraging MyCaptain’s expertise in digital marketing and plans to scale MyCaptain by at least 5X over the next three years.
- Imarticus, preparing for a INR 750 Cr IPO, has seen its revenue grow to INR 205 Cr in FY25 with plans to reach INR 300-320 Cr in FY26 amid the transforming Indian edtech landscape.
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Economic Times
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IPO bound Imarticus Learning acquires MyCaptain
- Imarticus Learning has acquired edtech startup MyCaptain for Rs 50 crore.
- MyCaptain empowers college students with skills and jobs in non-tech careers and has over five lakh learners on its platform.
- The acquisition helps Imarticus Learning expand its reach in tier 2 and 3 cities and enter the college skilling segment through Live Cohort-Based Programs.
- Imarticus Learning aims to reach 5 million learners in the next three years and has expanded its team to over 850 employees through this acquisition.
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