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Top Virtual Reality Startups in India in 2024
- Virtual Reality (VR) is changing the digital world and improving user experience by creating immersive environments with augmented reality (AR). India has a growing number of VR startups that provide cutting-edge AR/VR solutions and help organizations revolutionize their operations. The top VR startups in India in 2024 are VeeRuby Technologies, PlugXR, Practically, Tacnik Technology, Culenz, GreyKernel, Qodequay Technologies, FotonVR, InfiVR, and PlayShifu.
- VeeRuby Technologies was founded in 2019 and offers tailored AR/VR experiences, including app development, content creation, and event support. PlugXR, established in 2018, aims to increase access to and affordability in the XR market by developing apps and providing support for 3 million XR users. Practically, founded in 2018, is an STEM education platform that offers live classes, simulations, and AR instructional tools.
- Tacnik Technology, founded in 2016, offers sophisticated and affordable solutions for experiential marketing and creates innovative solutions to advance humanity through technology. Culenz, established in Jaipur, Rajasthan, creates imaginative VR solutions that are more impactful in demonstrating product lines using cutting-edge equipment, technology, and optics, and provides cloud-based solutions.
- GreyKernel, founded in 2015, creates edutainment content for high-end VR devices and provides a community-based platform for developers to monetize their content. Qodequay Technologies, established in 2019, offers help in developing high-performing, scalable, and user-friendly goods and provides assistance to early-stage businesses. FotonVR, founded in 2020, is transforming science education through 3D interactive virtual reality content.
- InfiVR, founded in 2018 offers VR/AR platforms and solutions to a range of industries to enhance productivity, efficiency, accuracy, and safety for employees and customers. PlayShifu, provides virtual reality toys for children aged 4 to 12, which help them develop STEAM skills, including critical thinking, engineering, and geography.
- Indian VR startups focus on a range of sectors, including gaming, entertainment, healthcare, education and real estate. The sector is expanding quickly and has enormous potential for entrepreneurs entering the market. With VR boosting industry revenue to $340 billion by 2028, customers and businesses benefit from mutually advantageous relationships through the application of AR in different business areas.
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Yourstory
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Blinkit expansion comes with steep costs for Zomato, hurts bottom line
- Zomato's quick commerce arm, Blinkit, has seen significant growth, with the addition of 152 stores and seven warehouses.
- Gross order value per day per store has decreased, affecting Zomato's bottom line profitability.
- Total expenses increased by 57.3% due to higher inventory costs and expenses associated with stock in trade.
- Zomato plans to raise up to Rs 8,500 crore through qualified institutional placements.
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Inc42
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Zomato Gets Board Nod To Raise INR 8,500 Cr Via QIP
- Zomato has received board approval to raise INR 8,500 Cr via qualified institutional placement (QIP).
- The fund raising committee will decide the structure, form of issuance, price, and terms and conditions of the QIP.
- Zomato aims to enhance its cash balance in order to compete with rivals in the foodtech industry.
- The company plans to strengthen its balance sheet and has no immediate plans for acquisitions or minority investments.
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Economic Times
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Blinkit unit economics hit in July-September on back of investment ramp up
- Zomato-owned Blinkit reported an adjusted Ebitda loss of Rs 8 crore in Q2FY25.
- The company cited heavy investments in infrastructure expansion as the reason for deteriorating margins.
- Blinkit added 152 net new stores and seven warehouses in the same quarter.
- The company plans to have 1,000 dark stores by the end of this fiscal and 2,000 dark stores by the end of 2026.
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VIE Stories
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Saathi Svatantra Microfin Login, Loan Status and Details
- Saathi Svatantra Microfin is a microfinance institution that aims to provide financial services to low-income individuals and small businesses in India.
- It offers financial products such as microloans, insurance, and savings accounts to improve livelihoods.
- Advent International and Multiples are set to invest $230M in Ananya Birla's Svatantra Microfin.
- Saathi Svantra Microfin focuses on financial inclusion, empowerment, and financial literacy for its clients.
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Yourstory
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OYO Founder Ritesh Agarwal introduces new B2B product
- OYO Founder Ritesh Agarwal introduces Oravel Travel Solutions, the company's B2B product.
- Oravel Travel Solutions aims to offer seamless corporate travel and event planning with special corporate rates, comfortable stays, meal plans, conference setups, and event support.
- Oravel Travel Solutions has successfully executed events and stays for clients including Tech Mahindra, Cult fit Healthcare, Sun TV Network, V Mart Retail, and more.
- OYO recently expanded its leadership team and is set to acquire G6 Hospitality to strengthen its global operations.
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Inc42
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Zomato’s Q2 Profit Declines 30% QoQ To INR 176 Cr
- Zomato's consolidated net profit declined 30% to INR 176 Cr in Q2 FY25.
- Operating revenue grew over 14% to INR 4,799 Cr in Q2 FY25.
- Food delivery gross order value rose 5% to INR 9,690 Cr in Q2 FY25.
- Zomato plans to launch the new app District and raise up to INR 8,500 Cr via QIP.
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Yourstory
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Former OYO finance chief Abhishek Gupta moves to Lenskart
- Former OYO finance chief Abhishek Gupta has joined Lenskart as the CFO.
- Gupta joined OYO in June 2015 and was responsible for various financial functions.
- He announced his departure from OYO in December.
- Gupta replaces Mukti Hariharan as the CFO of Lenskart.
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Startup Pedia
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Nvidia Offers to Jointly Develop New Customized Chip for India
- American tech giant Nvidia has proposed to jointly develop a customized chip with India.
- Nvidia aims to leverage India's chip design base to build an India-specific chip.
- The co-developed chip could be customized for various applications, including Indian Railways' security system.
- Nvidia CEO Jensen Huang is visiting India to finalize the details of the proposed partnership.
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Economic Times
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Zomato to raise Rs 8,500 crore via QIP to fight quick commerce competition
- Zomato's board approves plan to raise Rs 8,500 crore via QIP
- Zomato aims to enhance cash position to compete in the current competitive climate
- Zomato wants to be on a level playing field with competitors who are raising additional capital
- Zomato's cash balance declined to Rs 10,813 crore as of September 30 due to acquisition
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Medium
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What You Need to Know About Investing in Global Tech Companies
- Invext only accepts investments from accredited investors.
- Investments are made through Special Purpose Vehicles (SPVs) set up as Limited Liability Companies (LLCs).
- SPVs have a 10-year life cycle with an option to extend.
- Investors are responsible for paying personal income taxes on profits earned through the SPV.
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Inc42
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Zouk Pockets $10 Mn To Capitalise On Its D2C Lifestyle Offerings
- Mumbai-based D2C lifestyle brand Zouk has raised $10 Mn in a Series B funding round led by Aavishkaar Capital.
- The funds will be used to expand Zouk's offline presence and strengthen its brand awareness and supply chain.
- Zouk has secured a total funding of $14.5 Mn till date and plans to build a large consumer brand from India for the world.
- Zouk offers handcrafted hand bags, shoulder bags, laptop bags, footwear, wallets, and other accessories.
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Eu-Startups
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Danish agtech FarmDroid secures €10.5 million for its autonomous, solar-powered agricultural robot
- Danish agtech startup FarmDroid has secured €10.5 million in funding to accelerate the expansion of its autonomous, solar-powered agricultural robot.
- The funding round was led by Convent Capital, with participation from EIFO and Navus Ventures, providing a total of nearly DKK 80 million.
- FarmDroid's robot can sow, remove weeds, and reduce pesticide usage with a new micro spray system, all while operating continuously in the field, powered by solar energy.
- The investment will help FarmDroid expand globally, targeting both organic and conventional open-field farming, to enhance efficiency and promote sustainable agriculture.
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VIE Stories
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1xBet Mobile Application Review in Bangladesh
- The 1xBet mobile app offers a seamless experience for users in Bangladesh
- User-Friendly Design and Navigation
- Attractive Bonuses and Promotions
- Robust Security and Licensing in the 1xBet mobile app
- Diverse Payment Methods
- Efficient Customer Support
- Comprehensive Guide to Sports Betting on 1xBet Mobile App
- Cricket Betting Opportunities
- Football Betting on European Leagues
- Tennis Betting for Avid Fans
- Exploring Basketball Betting
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SiliconCanals
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Polish identity verification startup Authologic raises €7.5M from YCombinator, Peak Capital, others
- Polish identity verification startup Authologic has raised €7.5M in a Series A funding round led by OpenOcean.
- Authologic's platform simplifies identity verification, combating fraud and ensuring compliance using secure e-ID solutions.
- The company offers a unified e-ID platform that integrates with existing KYC infrastructures, eliminating the need for outdated practices.
- Authologic aims to revolutionize online identity and expand internationally, serving clients such as Santander Leasing and eToro.
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