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Truck Driver's Son Launched India's First Reusable Hybrid Rocket From Chennai
- Anand Megalingam, the son of a truck driver, launched India's first reusable hybrid rocket from Chennai.
- Anand, after failing in engineering and excelling in sports, studied Aeronautical Engineering and launched Space Zone India.
- Space Zone India, with a valuation of Rs 800 crore, manufactures and sells eco-friendly rockets and promotes space technology education.
- Anand Megalingam and his team launched the RHUMI rocket on August 24, 2024, in Tamil Nadu, carrying Cube Satellites and PICO Satellites to gather data on atmospheric conditions.
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Eu-Startups
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Warsaw-based Oxla bags €10.15 million to redefine high-volume analytical data processing
- Polish database disruptor Oxla has raised a €10.15 million seed round to redefine high-volume analytical data processing.
- The funding will be used for commercialization and product development, with the goal of targeting market share from existing leaders and addressing underserved segments in data warehousing.
- Oxla offers a high-performance distributed analytical database designed for large-scale data processing, with faster query execution speeds and lower costs compared to competitors like Snowflake, Databricks, or ClickHouse.
- With the successful funding round, Oxla has transitioned from a Polish domicile to US legal incorporation in Delaware to strengthen its international presence and facilitate further growth.
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TechRound
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Startups That Are Changing the Horse Riding Industry
- Startups are bringing data-driven solutions and technology to the horse riding industry.
- Popular startups include Ridesum, a collaboration platform for riders and trainers; Coho, an app that monitors horse behavior in stables; Ridely, an app for organizing training routines; and PreVet, an app for horse health care.
- These startups aim to improve horse training, health monitoring, goal setting, and overall care.
- Equilab is a training app that analyzes horse movement, provides feedback, and offers a social network for equestrians.
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Yourstory
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314
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Quiet power: Thriving in a world that never stops talking
- Introverts and quiet individuals possess qualities that are often undervalued in a world that values extroversion.
- Quiet power is rooted in self-awareness, emotional intelligence, and the ability to make calculated decisions.
- Listening is a crucial advantage for quiet individuals, leading to more meaningful connections and building trust.
- Redefining success as a quiet person means focusing on impact, celebrating small wins, and leading by example.
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Yourstory
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393
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CoinSwitch chief Ashish Singhal’s strategy on handling a crypto-heist
- CoinSwitch chief Ashish Singhal suggests a user-centric approach to handling a crypto-heist.
- Singhal emphasizes the importance of fully protecting users and making them whole.
- He suggests absorbing losses internally and exploring innovative ways to make up for the loss.
- Singhal highlights the risks associated with 'raw signing' and the need for robust cybersecurity practices.
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Medium
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420
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dmg ventures announces £50m in fresh capital, backs burgeoning food and beverage brands TRIP and…
- DMG Ventures announces £50m in fresh capital to support entrepreneurs in Europe and the US.
- They are launching a £25m Headline Fund to back consumer start-ups from Seed to Series A.
- They also announced a £25m Scale Fund to collaborate with established B2C companies on marketing campaigns.
- The first investments from the Scale Fund include mindful drinks brand TRIP and innovative cacao brand Blue Stripes.
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Hackernoon
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Meet Procys, Startups of the Year 2024 Nominee
- Procys has been nominated in HackerNoon’s annual Startups of The Year awards in Rotterdam, Netherlands.
- Procys is revolutionizing document management for businesses with its AI-powered platform that automates document processing, data extraction, and certification.
- Procys achieved product-market fit by addressing a clear need: businesses struggling with manual, error-prone document workflows.
- Being part of HackerNoon’s Startups of the Year means recognition for the hard work and innovation that has gone into building Procys.
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Hackernoon
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Meet TSJ Diversified Group, Startups of the Year 2024 Nominee
- TSJ Diversified Group has been nominated in HackerNoon's Startups of The Year awards.
- Founded in 2021, TSJ Diversified Group operates in digital marketing, IT solutions, and technology.
- Their success comes from understanding client needs and creating tailored strategies.
- TSJ Diversified Group has achieved milestones, built a strong client base, and is committed to innovation and delivering exceptional results.
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SiliconCanals
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Former Engie and Lightyear execs launch new Dutch startup Simpl.energy, backed by Rabobank and Arches Capital
- Utrecht-based startup Simpl.energy has secured funding from Rabobank and Arches Capital to address challenges posed by The Netherlands' overloaded electricity grid.
- The startup offers solutions to optimise existing grid capacity, enabling businesses to adopt sustainable practices.
- Simpl.energy plans to launch operational locations by the end of 2024, targeting campuses, property owners, and the transport and logistics sectors.
- The company's software helps companies make informed decisions about investments and manages internal energy distribution.
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Medium
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30
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4 AI Tools I Use in My Day-to-Day Work as a Startup Founder and Software Engineer
- IntelliOptima: An all-in-one AI platform for individual use and team communication.
- Cursor IDE: A coding environment with AI-assisted code completion and code refactoring suggestions.
- Canva: A tool for creating visuals and presentations with AI capabilities for rewriting and improving text.
- Amazon Q: An AI-powered tool that suggests relevant subcommands, options, and arguments for CLIs within the terminal.
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Inc42
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128
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CoinSwitch Alleges WazirX Moved Crypto Worth $73 Mn Post Data Breach
- CoinSwitch's cofounder alleges that WazirX transferred over $73 Mn in cryptocurrency to other exchanges.
- The transfers raised concerns about WazirX's financial stability.
- WazirX suggests that CoinSwitch should focus on providing real-time tracking of its reserves.
- CoinSwitch plans to take legal action against WazirX to recover funds.
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Wordpress
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The Critical Role of IP in Safeguarding Startup’s Creative Edge.
- The startup ecosystem in India often overlooks safeguarding intellectual property (IP). IP is critical for startups to secure their innovative ideas and competitive edge by securing legal rights and funding required for commercialization and research.
- IP protection is essential in creating value for the venture, ensuring potential competitors and established businesses don’t replicate unique ideas, and attracting investors and customers drawn to their distinct value proposition.
- The main types of IP protection include copyrights, patents, trademarks, and trade secrets.
- India’s government has launched several schemes supporting startups and MSMEs in securing IP protection, such as the Scheme for Startups Intellectual Property Protection (SIPP) and startups are eligible for range of services under government initiatives like AGNIi, and SIP-EIT.
- Consequently, the SIPP enables startups to establish their presence in the market smoothly by providing the much-needed legal framework for startups to protect their unique inventions. Thousands of patents and trademarks have been filed successfully approved.
- An efficient IP strategy helps businesses from the inception of an idea in various ways through portfolio building, litigation, licensing, and revenue generation, ensuring that startups can maximize the benefits of their IP assets and avoid unnecessary research and development costs.
- Establishing a robust IP strategy not only protects a startup’s unique creations and brand identity but also helps in building their market value.
- By understanding the critical role of IP in their business models, startups can develop a sustainable competitive advantage in an increasingly global marketplace and for other future advancements and success.
- Trade secrets can include lists of customers, business strategy and proprietary data, which may be important to early-stage startups. Technical security controls and confidentiality-agreements or non-disclosure agreements are crucial for safeguarding sensitive information.
- Experts and legal advisors are crucial for startups to determine which IP assets to protect and how to monetize those assets. They help identify the appropriate type of IP protection, manage the application and prosecution process, ensure compliance with territorial laws and regulations.
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Yourstory
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Nazara Technologies raises Rs 220 Cr from SBI Mutual Fund
- Gaming and sports media company Nazara Technologies has raised Rs 220 crore from SBI Mutual Fund.
- Nazara issued 23.5 lakh equity shares to the fund at a price of Rs 954.27 per share.
- The company plans to issue a total of 94.3 lakh equity shares to select non-promoter investors.
- Part of the raised funds will be used to acquire an additional stake in Absolute Sports Private Limited, Nazara's subsidiary.
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Yourstory
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398
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Dvara Research empowers a billion UPI users by redesigning its digital grievance redressal system
- Dvara Research developed an internal tool to analyse social media posts to identify transaction failures and inadequate addresses in the UPI app.
- Dvara Research tried to enhance the in-app grievance redressal mechanism in UPI apps by improving the accessibility and seamlessness of the user experience within the mechanism.
- They conducted detailed UX audits across various apps and banks to understand user challenges and gain insights to create prototypes that were tested in the field.
- The team prioritised accessibility by restructuring the GRM flow for clarity and simplifying the process to ensure user protection for billion UPI users.
- Dvara Research proposed three innovative design approaches— the health navigation tree, self-resolution mechanisms, and guardrails that the GRM provides to address the uncertainties of UPI payments.
- The health navigation tree focuses on standardizing and simplifying the process for users to navigate the GRM and reducing the burden of figuring out how to get help.
- Self-resolution is an automated resolution format where the ticket gets automatically closed and raised on the back end if users have not received their payment. It doesn’t need manual intervention.
- The GRM can significantly reduce their anxiety about what to do next by simplifying the reporting process for fraud and allowing users to manage their auto-pay mandates.
- There are currently no clear metrics to measure the impact of user experience improvements. But creating a win-win situation for both business service providers and users is possible.
- The team encouraged building consistency across product development life cycles to build a better user experience as a better user experience leads to a better business.
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Startup Pedia
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1.8k
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“College is Overrated", Says Billionaire Elon Musk
- Billionaire Elon Musk recently stated that college education is overrated.
- He believes that many students accumulate debt without gaining practical skills.
- Musk highlights the importance of skill-based training for professions like electricians and plumbers.
- Netizens have mixed reactions, with some agreeing that college isn't for everyone while others question the qualifications of employees at Musk's companies.
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