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Startup News
Insider
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Read the exclusive pitch deck AI infrastructure startup Cerebrium used to nab $8.5 million from Gradient Ventures
- AI infrastructure startup Cerebrium, cofounded in Cape Town by CEO Michael Louis and CTO Jonathan Irwin, raised an $8.5 million seed round led by Gradient Ventures.
- Cerebrium helps engineers build and scale multimodal AI apps, focusing on categories like Voice AI, real-time digital avatars, and healthcare.
- The startup provides infrastructure building blocks for model inference, training, and data processing, enabling customers to deploy applications efficiently.
- Cerebrium plans to utilize the funds to hire more engineers, cater to enterprise demand, and introduce new features.
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Dev
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Building the Future, Together—Inside the World of Ments
- Ments is a startup ecosystem focused on providing clarity, community, and real connection to founders.
- They offer mentorship, hands-on help, peer collaboration spaces, and meaningful founder connections.
- Ments is dedicated to the harder, honest path of meaningful growth, aiming to support founders in their journey.
- The community at Ments is dynamic, fostering collaboration and innovation, with a transformative project in the works to redefine how startups grow and succeed.
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Inc42
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7.1k
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Aakash Sends Second Legal Notice To EY India Over Conflict Of Interest
- Aakash Educational Services Ltd (AESL) sent a second legal notice to EY India, alleging conflict of interest and professional misconduct.
- The notice highlights EY acting as the financial advisor to AESL's competitor, Allen Career Institute, while being involved in AESL's financial operations.
- AESL demanded a probe into EY's conduct and raised concerns over unethical conflict of interest, seeking civil and criminal proceedings against EY.
- EY India refuted the allegations, emphasizing client confidentiality and conflict matters, as the legal battle between Aakash and EY continues.
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Startup Pedia
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Jaipur Woman Once Invested Rs 5,000 To Grow Mushrooms In A Small Room With No AC; Now Her Ayurvedic Mushroom Biz Is Eyeing Rs 1 Cr Revenue
- From investing Rs 5,000 in a mushroom experiment to eyeing Rs 1 cr revenue.
- Annu Kanawat of Aamlda Organic Foods empowers women through mushroom cultivation.
- Successfully venturing into Ayurvedic mushroom supplements with a focus on empowering farmers.
- Expanding into Cordyceps militaris farming to make expensive mushrooms affordable.
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Inc42
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335
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New-Age Tech Stocks Fall Amid IPO Rush, FirstCry Biggest Loser This Week
- Shares of new-age tech companies declined this week, with 21 out of 34 falling.
- FirstCry was the biggest loser, followed by Go Digit and Nykaa.
- Ola Electric's shares hit an all-time low; 13 companies ended the week with gains.
- Startup IPO spring continues with Meesho, Curefoods, and Shadowfax filing DRHPs.
- Swiggy faced a tough week while Nazara touched new highs in esports bets.
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Inc42
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3.4k
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Has Jio Financial Services Rattled Fintech Giants?
- Jio Financial Services poses a threat to fintech startups and incumbents in India.
- By obtaining regulatory approval for broking services, JFS challenges Zerodha, Groww, and others.
- JFS shows growth in profits, assets under management, customer base, and vertical diversification.
- Despite advantages, JFS faces challenges in user experience, margins, and tech sophistication.
- The fintech landscape sees intense competition as JFS vies for market share dominance.
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Medium
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130
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Recap: The Second Venture Ecosystem Brunch Presented by Startup Village, QuantFi, and Rivian Venice
- The Second Venture Ecosystem Brunch aims to pioneer unique dining experiences for the L.A. venture ecosystem by focusing on intimate settings and attention to detail.
- The event aims to create a sense of community where investors can exchange meaningful insights, promoting a feeling of being 'at home.'
- The organizer expresses gratitude to supporters and shares moments from the recent meal, featuring dishes like Summer Tartine, Shakshuka, and Black Sesame Banana Bread.
- The ambiance of the brunch is described as a relaxing escape from the usual chaos, emphasizing the importance of care and technique in preparing the dishes.
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Medium
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VC Engagement and Value Creation-1
- Venture capitalists (VCs) are essential active partners in the growth and success of their portfolio companies, playing a crucial role beyond passive investing.
- Their involvement includes team building, assisting with achieving product-market fit, providing access to customers and vendors, aiding in follow-on financing, mitigating risks, and guiding through exit negotiations.
- VCs tailor their value-add strategies to individual CEOs and companies, emphasizing proactive problem-solving over a one-size-fits-all approach.
- As board members, VCs contribute intellectual and social capital, using their knowledge, experience, insights, networks, and relationships to benefit the companies they invest in.
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Medium
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216
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How Steve Jobs Saved Apple with Ruthless Focus and Repeatable GTM Strategy
- Steve Jobs saved Apple by implementing a clear GTM strategy.
- He used a 2x2 product focus matrix to streamline operations and improve margins.
- Apple's narrative 'Think Different' and focus on design and user experience were key to their success.
- Jobs avoided common GTM mistakes and focused on a repeatable strategy for product launches and growth.
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12 Likes
Medium
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The Brand Story of Antony’s L2EARN "LEARN2EARN".
- Antony founded L2EARN with a vision to transform education into entrepreneurship and jobs into income systems powered by AI and community participation.
- L2EARN is a freelance education ecosystem that focuses on digital skills training, performance-based earning, leadership development, and eventually launching one's own company.
- The platform operates on profit-sharing models, emphasizing growth opportunities without traditional salaries but through shares, action-driven culture, and unhindered growth.
- Antony's vision for L2EARN goes beyond just a platform; it aims to revolutionize the future of work by evolving into a global SaaS platform integrating various sectors like education, freelancing, investing, exports, agritech, and infrastructure projects.
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16 Likes
Startupreporter
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When Code Doesn’t Fail But Infrastructure Does: A Wake-Up Call for Every Founder
- Infrastructure failures can have a significant impact when they occur unexpectedly.
- Resource exhaustion caused a system crash due to unanticipated server memory usage.
- The incident highlighted the importance of monitoring infrastructure, disk space, memory, and logging.
- Developers and founders need to prioritize infrastructure design, observability, and resource isolation.
- A wake-up call to understand that infrastructure plays a crucial role in system resilience.
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8 Likes
Inc42
4d
56
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IPO-Bound Smartworks’ FY25 Loss Widens 27% To INR 63.2 Cr
- Smartworks’ consolidated net loss increases by 26.5% to INR 63.2 Cr in FY25.
- Operating revenue rises 32.3% to INR 1,374.1 Cr, while total income increases by 26.6%.
- Company’s public issue set to open on July 10, revealing bottom line numbers.
- Smartworks' revenue growth impacted by rising expenses, mainly driven by higher operating costs.
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ISN
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India's MakeMyTrip completes share repurchase to trim China-based Trip.com's stake
- MakeMyTrip completes share repurchase from Trip.com Group, reducing the latter's stake and voting power.
- Over 3.4 crore Class B shares repurchased and canceled, decreasing Trip.com's voting power to 16.90%.
- MakeMyTrip now has 95,383,399 shares outstanding, with Trip.com retaining diminished board representation.
- Three Trip.com nominated directors resign; MakeMyTrip appoints three new directors to fill vacancies.
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19 Likes
Medium
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Egypt’s Foodtech Market Map 2024: A Comprehensive Analysis of the Digital Food Ecosystem
- Egypt's foodtech market saw significant growth, with the 2024 GMV reaching $517.3 million, a substantial increase from $74 million in 2020.
- The surge in the online food delivery market in Egypt was almost 7 times between 2020 and 2024, mainly driven by the adoption of app-based ordering in Cairo and Alexandria.
- Paymob Integrations processed $1.2 billion in QR-based restaurant transactions, with 85% of Talabat's orders in Egypt settled without cash.
- Key players like Talabat and Elmenus are highlighted for their dominance in scale and differentiation through content-rich discovery and lower delivery fees respectively, shaping the foodtech landscape in Egypt.
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14 Likes
TheStartupMag
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42
Image Credit: TheStartupMag
8 Tips for Setting Up Your Ideal Home Office
- 9 million Americans worked from home in 2019, now 22 million do.
- Tips include defining workspace, prioritizing ergonomics, and reliable internet service.
- Upgrade to fiber internet, run speed tests regularly, and optimize Wi-Fi setup.
- Consider ergonomics, internet speed, and personalizing workspace for increased productivity.
- Finishing touches like decor, accessories, and productivity apps enhance home office setup.
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