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Startup News
Eu-Startups
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“Not chasing Crypto hype” – London-based Velocity raises €8.8 million for financial infrastructure platform
- London-based Velocity, a financial infrastructure platform, raises €8.8 million in pre-Seed funding round led by Activant Capital.
- Velocity aims to launch “the operating system for digital finance” by using stablecoins to remove friction, accelerate settlement, and enhance performance of financial operations.
- Founded in 2025 by industry veterans Tom Greenwood and Eric Queathem, Velocity unifies global payments and treasury through stablecoin technology.
- Velocity aims to provide a secure, enterprise-grade platform for businesses to seamlessly manage capital across traditional rails, digital assets, banks, blockchains, and AI.
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Economic Times
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Myntra secures Rs 1,063 crore funding from Singapore-based parent entity
- Myntra secures Rs 1,062.5 crore funding from its Singapore-based parent entity FK Myntra Holdings to support its expansion into Singapore and further growth.
- The funding includes an allotment of equity shares at an issue price of Rs 5,465.23 each, as per filings from the Registrar of Companies.
- Myntra recently launched Myntra Global to offer Made-in-India brands in Singapore with a shipping timeline of 4-7 days, amidst fierce competition in the Indian online apparel market.
- Having turned profitable in fiscal year 2024, Myntra reported a net profit of Rs 31 crore and recorded 15% growth in operating revenue to Rs 5,122 crore in the same year.
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Startup Story
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From Gurukul to Global: How Chillsoft.io Is Rewriting HR Software
- Chillsoft.io is redefining HR tech by focusing on making software adapt to businesses rather than the other way around.
- Founded by Ram Prasath Muralidharan Madhwa in 2020, Chillsoft prioritizes a Product-Process Fit (PPF) philosophy over Product-Market Fit, ensuring software molds to enterprises' needs.
- Chillsoft's HR management platform, featuring AI-powered tools like ChillStat AI and Product Buddy, emphasizes zero training and high intelligence, leading to smoother operations and faster scaling for organizations.
- Incorporating Gurukul-inspired discipline and being bootstrapped, Chillsoft focuses on customer needs, product excellence, and a vision where AI elevates people's work experiences.
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Inc42
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Image Credit: Inc42
PayPal Gets RBI’s In-Principle Nod To Operate As PA For Cross Border Export
- PayPal's Indian subsidiary, PayPal Payments Private Limited, has received RBI's approval to operate as a payment aggregator for cross border exports.
- The approval reflects India's regulatory vision and progress towards secure cross-border transactions.
- PayPal will process cross-border online transactions for export of goods and services under a regulated framework.
- The approval allows PayPal to offer cross-border payment services within a regulated framework, supporting Indian merchants with consistency, transparency, and security.
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Inc42
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MeitY Forms Panel To Build National Framework For GCCs : Report
- The Ministry of Electronics and Information Technology (MeitY) has formed a panel to develop a national framework for global capacity centres (GCCs).
- The committee includes organizations like NASSCOM, Zinnov Consulting, ANSR, KPMG, and Invest India.
- Several states in India, such as Madhya Pradesh and Bengal, are also formulating policies to attract investments in GCCs, semiconductor, and drone sectors.
- India's GCC sector is projected to reach $105 billion market size by 2030, employing over 2.8 million people, and leading innovation in various segments like fintech, agritech, healthcare, and logistics.
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Inc42
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Unacademy Cofounders Gaurav Munjal & Roman Saini To Exit: Report
- Gaurav Munjal is stepping down from the CEO role at Unacademy, with Sumit Jain set to take over.
- Roman Saini is also leaving day-to-day operations at Unacademy amidst organisational restructuring.
- Unacademy's shift towards the language learning platform AirLearn has raised concerns among shareholders.
- Munjal and Saini will continue to hold their stake in Unacademy even after exiting operational roles.
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Eu-Startups
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Inven, a Finnish AI startup, raises €11.2 million for their deal sourcing platform
- Finnish AI startup, Inven, raises €11.2 million in Series A round to expand its AI-native deal sourcing platform and grow its presence in the US.
- The funding round was led by Ventech and Vendep Capital with participation from angel investor Risto Siilasmaa and existing backers.
- Inven's technology transforms deal sourcing in private markets by utilizing AI to uncover opportunities faster and more efficiently, catering to M&A professionals.
- The company plans to scale its headcount, expand globally, and enhance its platform to provide better sourcing precision and reduce time-to-deal for its clients.
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Eu-Startups
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Looking beyond the hubs: 10 startups powering Andalusia’s tech rise
- While major tech hubs like Berlin and Barcelona get attention, smaller regions like Andalusia are driving innovation with purpose-driven startups.
- In Andalusia, startups are emerging in sectors like AI, cleantech, and fintech, benefitting from lower costs and tight-knit ecosystems.
- Highlighted startups include Adaion in Granada, Agrow Analytics in Málaga, and BIGhub in Huelva, among others.
- Adaion offers AI-powered solutions for grid optimization, Agrow Analytics focuses on water sustainability, and BIGhub streamlines e-commerce sales.
- Other notable startups featured are Build to Zero, CheKin, Debos, Ikualo, InsectBiotech, Zexel, and Zinkee.
- These companies provide innovative solutions from decarbonising heat generation to automating check-in processes for accommodations.
- Startups like Íkualo cater to immigrants with financial apps, while InsectBiotech tackles agricultural waste transformation.
- Zexel simplifies influencer campaign management, and Zinkee offers business management tools for company growth.
- The diverse range of startups in Andalusia showcases the abundance of innovation beyond traditional startup centers.
- These companies are disrupting industries, addressing local needs, and contributing to the tech rise in Andalusia.
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SiliconCanals
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UK firm Ankar bags €3.5M to accelerate its ‘AI for inventors’ platform
- London-based Ankar, an AI platform for Intellectual Property, has secured €3.5M in a Seed funding round led by Index Ventures.
- Ankar AI, founded by Palantir alumni Tamar Gomez and Wiem Gharbi, leverages AI agents to transform how innovators and companies manage their intellectual property.
- The platform offers services like IP search, patent filing, freedom-to-operate analysis, and infringement detection, aiming to reduce IP costs and generate new revenue streams for inventors.
- Within a year of its establishment, Ankar has already deployed its technology to multiple leading Fortune500 innovators across various industries such as automotive, aeronautics, pharmaceutical, and software.
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ISN
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Saarathi Finance raises Rs 475 crore funding to bridge the credit gap faced by Indian MSMEs
- Saarathi Finance raises Rs 475 crore in its inaugural funding round to bridge the credit gap for Indian MSMEs.
- The funding will be utilized to support MSMEs in semi-urban and rural regions across several states, promoting inclusive growth for Bharat.
- The funding round was led by investors like TVS Capital Funds, Lok Capital, Evolvence Equity Partners, and others, totalling around Rs 350 crore.
- Saarathi Finance is now valued at over Rs 900 crore with the Series A investment, enabling them to accelerate their mission of supporting stakeholders and entrepreneurs.
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Startup Story
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Image Credit: Startup Story
Xflow: Making B2B Cross-Border Payments As Easy As Local Ones
- Xflow, founded by Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran, aims to simplify cross-border B2B payments for Indian businesses.
- The platform offers features like same/next business day settlements, unlimited transaction amounts, support for 25+ currencies, transparent pricing, and up to 50% savings in money transfer fees.
- Xflow prioritizes customer feedback, transparency, and collaboration within their team to provide faster, cheaper, and more transparent solutions compared to traditional banks.
- With ambitious plans to expand their product suite and become a global finance platform, Xflow has raised over $16 million from investors like Lightspeed, General Catalyst, Square Peg, and Stripe.
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ISN
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Image Credit: ISN
Protective farming agritech startup GROWiT raises $3 million in a Series A round led by GVFL
- Protective farming agritech startup GROWiT India raised $3 million in a Series A funding round led by GVFL.
- The funds will be used for aggressive expansion plans, R&D capabilities, technology infrastructure enhancement, and market penetration both domestically and internationally.
- GROWiT offers pocket-friendly soil testing device, mulch films, crop covers, and weed mats to optimize crop protection, boost agricultural productivity, and promote sustainable practices.
- With a commitment to sustainable agriculture, GROWiT aims to increase yields, reduce input costs, and promote sustainable farming by offering innovative and affordable solutions for farmers in India.
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TechBullion
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How High Temp Thermocouples Work: A Comprehensive Guide
- High temp thermocouples play a crucial role in industrial settings by providing accurate temperature readings in extreme conditions.
- Thermocouples are made from two different metals joined at one end, creating a voltage change based on temperature differences for temperature measurement.
- High temp thermocouples are designed for environments with temperatures exceeding 1,000°C (1,832°F), operating on the Seebeck effect to generate voltage with temperature fluctuations.
- These thermocouples are used in industries like aerospace, manufacturing, and research, and choosing the right type based on temperature range and environment is crucial for accuracy and performance.
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Medium
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How Finance Professionals Are Secretly Using AI to Gain an Edge
- Finance professionals are increasingly leveraging AI, such as GenAI and predictive models, to gain a competitive edge and improve efficiency.
- AI tools like ChatGPT and Claude 3 enable analysts to digest large volumes of financial data quickly and accurately, transforming how deals are evaluated and markets are forecasted.
- These AI assistants allow analysts to ask real-time complex questions and receive prompt responses, changing the way financial analysis is conducted.
- The integration of AI in finance is quietly revolutionizing processes, improving decision-making, and enhancing overall operational efficiency.
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Startup Story
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Image Credit: Startup Story
Slikk Raises $10 Million in Series A Funding Led by Nexus Venture Partners to Revolutionize Hyperlocal Fashion Commerce
- Fashion delivery platform Slikk has raised $10 million in Series A funding led by Nexus Venture Partners, with continued support from existing investor Lightspeed.
- Slikk, founded by Akshay Gulati, Om Prakash Swami, and Bipin Singh, aims to revolutionize hyperlocal fashion commerce by offering 60-minute delivery services in select parts of Bengaluru.
- The funding will be used to expand into new lifestyle categories, introduce instant returns, and reach more urban pin codes across India.
- Investors like Nexus Venture Partners and Lightspeed are optimistic about Slikk's potential to lead the digital transformation in fashion commerce with its focus on speed, convenience, and customer experience.
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