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Startup News
Inc42
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Navi Calls Off INR 100 Cr Bond Sale After RBI Crackdown
- Navi Finserv, backed by Sachin Bansal, has called off its proposed INR 100 Cr bond sale due to regulatory scrutiny.
- The company had planned to raise funds by issuing two-year and three-month bonds.
- The decision comes after the Reserve Bank of India (RBI) barred Navi and other NBFCs from sanctioning new loans, citing excessive interest rates.
- Navi Finserv's parent company, Navi Technologies, is planning an IPO to raise funds for its subsidiaries.
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ISN
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48
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Automoto completes first tranche of extended pre-Seed funding round led by Venture Bridge
- Mumbai-based Automoto completes first tranche of extended pre-seed funding round at a valuation of 100 crore.
- The round was led by Venture Bridge, supported by angel investors and high-net-worth individuals.
- Automoto is developing a B2B2C Enterprise Management System for vehicle ownership journeys in India.
- The funds will accelerate the development of Automoto's solutions and establish the company globally.
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Gritdaily
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261
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Commitment to Care: Leah Mikal Gillham’s Success in Healthcare Staffing
- Leah Mikal Gillham is a leader in healthcare staffing and locum tenens coverage.
- She has made significant contributions to Anyplace MD through contracts, business growth, and strategy.
- Gillham's leadership responsibilities include financial projections, recruiting, and compliance initiatives.
- Her dedication, perseverance, and commitment to community service have been instrumental in her success.
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Inc42
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946
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upGrad Nets Additional $60 Mn From Temasek
- Edtech unicorn upGrad has raised an additional $60 Mn from Temasek at a flat valuation of $2.25 Bn.
- Founder and chairman Ronnie Screwvala has acquired Bharti Enterprises' stake in upGrad for $20 Mn.
- Ronnie Screwvala now owns a 45% stake in upGrad and plans to take the company public within the next 7-8 quarters.
- upGrad offers higher education courses and skilling programs in collaboration with universities and counts Temasek, Lupa Systems, IFC, and IIFL among its investors.
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Yourstory
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292
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Zomato’s Deepinder Goyal bets on health wellness space with new venture Continue
- Zomato co-founder Deepinder Goyal has registered a new venture named 'Continue' focusing on health tracking and mental wellness.
- The company, incorporated in April, is backed by Goyal, along with other ex-Zomato executives.
- Continue aims to be a longevity venture in the health and wellness space.
- Zomato is not involved in the new venture and will remain focused on its existing businesses.
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ISN
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75
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Micro VC fund Gemba Capital boosts Advisory Board with Yes Bank veteran Somak Ghosh
- Gemba Capital has added Somak Ghosh, a veteran of banking and investment management, to its Advisory Board.
- Somak brings over 30 years of experience in corporate and development banking, venture capital/private equity, infrastructure finance, and corporate strategy.
- Gemba Capital will seek Somak's advice on governance and strategic decisions, particularly in the fintech sector.
- Gemba Capital has invested in over 50 startups and recently received SEBI License for their second fund of $30 million.
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VIE Stories
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840
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Titan Capital Closes Winners Fund at $40 Million
- Titan Capital has closed its new opportunities fund at a final value of around $40 million (Rs 333 crore).
- The funds will be invested in the firm’s current portfolio companies.
- Titan Capital typically makes seed or pre-seed investments in businesses.
- Their portfolio includes 250+ companies in India and the US across various sectors.
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Eu-Startups
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48
London-based Oriole Networks raises €20.2 million to reduce energy consumption of AI data centres
- London-based Oriole Networks has raised €20.2 million to reduce energy consumption of AI data centres.
- Oriole Networks uses light to train Large Language Models with lower energy consumption.
- The funding round was led by Plural, with participation from existing investors.
- The technology significantly reduces energy consumption and solves challenges in speed, latency, and sustainability.
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Yourstory
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416
Image Credit: Yourstory
Rubbing Your Eyes? Here's Why You See Twinkling Lights!
- Phosphenes are flashes of light that occur when your eye's photoreceptor cells, found in the retina, get stimulated by something other than light.
- Rubbing your eyes or putting pressure on them can activate the retinal ganglion cells, causing bursts of colors, shapes, and patterns to be perceived.
- Afterimages are similar visual illusions that occur when photoreceptors become overwhelmed by light and need time to reset, causing lingering images.
- These eye effects are a result of the sensitivity and complexity of our visual system, and they are harmless as long as not done with excessive force.
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Gritdaily
4w
57
Image Credit: Gritdaily
Building Data-Driven Go-to-Market Strategy: Insights from Inna Logunova for Early-Stage Startups
- The role of revenue operations (RevOps) has never been more critical as businesses face increasing pressure to align their sales, marketing, and customer success teams.
- Inna Logunova, highly skilled expert in GTM strategy and data analytics, offered valuable insights into building an effective analytics infrastructure to support GTM strategies.
- A well-designed database is the foundation supporting a company’s analytics infrastructure. Without the right setup, businesses struggle to remain efficient.
- Inna's focus on data quality illustrates a larger truth: a well-oiled GTM strategy requires that those tools are fed the right data consistently and accurately.
- Determining the right Key Performance Indicators (KPIs) is the cornerstone of any successful Go-to-Market (GTM) strategy.
- Choosing the right reporting and visualization tools is about making data an integral part of your teams’ work.
- Data governance and security are crucial when managing a Go-to-Market (GTM) strategy, especially with sales teams operating across different regions, product lines, and tiers.
- By configuring access in your reporting tools and clearly defining roles within the database, you can keep sensitive information secure.
- Inna’s strategy effortlessly integrates security into the daily work of setting up clear permissions and protecting sensitive data.
- Building a robust data infrastructure using the best tools lays the foundation for successful GTM strategies.
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Yourstory
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243
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15 Best Life Investments for a Happier, Healthier, and Wealthier You
- Build a 6-Month Emergency Fund (Save 20% of Your Income)
- Maximize Your Savings with a High-Yield Account
- Invest in Relationships (Reach Out to One Contact a Month)
- Launch a Side Project to Boost Your Income
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14 Likes
StartupDaily
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128
8 women in sportstech are showcasing their talents in ‘Women-Led Design’
- Eight Australian women founders showcased their ideas as part of Australia Sports Innovation Week in Melbourne.
- ‘Women-Led Design’, presented by the Australian Sports Technologies Network, was attended by founders of apparel, wellness, sporting goods, digital, entertainment, youth sports, health and fitness, data analytics and more.
- The objective of the event is to highlight business success, diversity and inclusion within sports tech.
- Some notable founders included Suzie Betts of Boob Armour and Saara Jamieson of Cool Beans Underwear.
- Boob Armour, is a startup designed to protect and empower females in physical activity, while Cool Beans Underwear is making its entry in sports tech industry to reverse the decline in men’s health.
- Maria Baker of Nobody’s Princess also showcased her start-up, that specialises in women’s snow outerwear for all body types.
- Kirsty Richardson, the founder of Gravity Fit, a collection of science-based exercise and rehab tools, was also present.
- Marie Penny, the Co-founder of Project Flock, promoted her Melbourne-based start-up that created the world’s first ‘bio-motion’ rear bike light.
- Other women founders, Natalie Moore of Own Your Health Collective & MenoVest, Michelle Walshe of CoachMate, and CEO of Nola Technologies, Victoria Zorin, also showcased their ventures.
- The event aimed to inspire the next generation of women leaders in sportstech.
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Gritdaily
4w
101
Image Credit: Gritdaily
Critical Healthcare for Skin: WISH Skin Labs’ Life-Changing Hemp-Derived Topicals
- WISH Skin Labs is an innovative company in the skin health space, creating hemp-derived topicals for various skin disorders and wound healing.
- Dr. Traci A Kimball, founder of WISH Skin Labs, is a Board Certified Wound Specialist Surgeon with over 18 years of experience developing advanced wound management programs.
- At the heart of WISH Skin Labs’ product line lies a unique blend of cannabinoids and terpenes extracted from mature hemp plants.
- WISH’s hemp varietals have nominal THC and instead utilize the healing properties of cannabinoids like CBG in the plant.
- Their blend, CUTANACAE, activates the body’s endocannabinoid system, providing superior efficacy compared to traditional treatments.
- WISH Skin Labs operates with a scalable business model that encompasses both B2B and B2C channels and an e-commerce platform.
- With plans to expand its product line into sectors like veterinary and gynecological health, WISH Skin Labs is committed to maximizing the full potential of hemp-derived therapies.
- WISH Skin Labs offers not just a compelling product but a vision grounded in science and scalability.
- Dr. Kimball and WISH are bridging nature and science for more efficient and personalized wound care solutions with the help of AI.
- WISH Skin Labs’ focus on quality control and compliance ensures long-term growth of the company.
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Startupreporter
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Viva ACP Appoints Superstar Anil Kapoor as Brand Ambassador, Marking a New Era in Cladding Innovation
- Viva, the largest manufacturer of aluminium composite panels (ACP) in Asia, has appointed Anil Kapoor as its brand ambassador.
- This collaboration marks a significant milestone in the ACP industry, with Viva being the first brand to partner with a national and international celebrity.
- Viva ACP is known for its high-quality cladding solutions, innovative technology, and wide range of shades and customization options.
- By appointing Anil Kapoor, Viva aims to promote stylish and sustainable cladding designs and expand its reach in the national and international markets.
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Startup Pedia
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226
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Zomato Founder’s New Venture “Continue” Aims to Increase Lifespan
- Zomato CEO Deepinder Goyal has started a new venture called Continue.
- Continue aims to enhance human lifespan and well-being through health tracking and mental wellness.
- The domain Continue.com is registered under Upslope Advisors Pvt Ltd.
- Former Zomato and Blinkit head of product design, Ashish Goel, is also part of Continue.
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