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Yourstory
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Maldives set to roll out UPI service to boost economy
- Maldives President Mohamed Muizzu has taken steps to introduce India's Unified Payments Interface (UPI) in the country.
- The introduction of UPI is expected to bring significant benefits to the Maldivian economy, including increased financial inclusion and improved efficiency in financial transactions.
- A consortium has been set up and TradeNet Maldives Corporation Limited has been appointed as its leading agency.
- The agreement to introduce UPI was signed during External Affairs Minister S Jaishankar's visit to Maldives in August.
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Inc42
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168
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Freo Enters Insurance Space With Corporate Agent Licence From IRDAI
- Freo has secured corporate agent licence from Insurance Regulatory and Development Authority of India (IRDAI).
- The licence will enable Freo to offer curated insurance products to its registered users.
- Freo aims to expand its product stack and offer all digital financial products along with existing services.
- The platform is active in 1,200 cities with a user base of 25 million.
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Yourstory
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Prevent cancer naturally with these 7 science-backed habits
- Karnataka government found cancer-causing artificial colours in cake samples, raising concerns.
- Dr. Thomas Seyfried shares 7 science-backed habits to prevent cancer.
- Key tips include maintaining stable blood sugar levels, trying out a ketogenic diet, avoiding high-inflammation foods, intermittent fasting, managing stress, prioritizing sleep, and exercising regularly.
- By implementing these lifestyle choices, individuals can reduce their risk of cancer and enhance overall well-being.
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Gritdaily
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Lifefire Weight and Wellness Brings a Unique Approach to Healthcare
- Katie Thompson-Mayes, founder and CEO of Lifefire Weight and Wellness, started the company to help individuals reach and maintain well-being.
- Lifefire Weight & Wellness clinic offers weight loss programs, IV therapy, and specialized men's health services.
- Thompson-Mayes emphasizes the importance of maintaining results and treats clients as individuals.
- A new Lifefire clinic will open in August in Delaware as part of their goal to expand nationally and globally.
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Inc42
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Deepinder Goyal Incubates Health Tracking & Mental Wellness-Focused Venture
- Zomato’s cofounder and group CEO, Deepinder Goyal, has reportedly incubated a personal venture called 'Continue' focused on longevity through health tracking and mental wellness.
- The domain Continue.com is associated with Upslope Advisors Pvt Ltd and lists Goyal as director alongside Zomato employees Akriti Mehta and Simrandeep Singh as additional directors.
- Ashish Goel, former head of product design at Zomato and Blinkit, is also a part of the venture.
- This venture aligns with Goyal's broader interests in health and wellness, as he has already invested in health startups like Ultrahuman and Pristyn Care.
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Yourstory
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Stellapps raises $26M in Series C round to scale traceable, sustainable dairy solutions
- Dairy-tech company Stellapps Technologies has raised $26 million in a Series C funding round.
- The funding will be used to accelerate its mooMark business, focusing on contract manufacturing and private-label dairy products.
- The company aims to offer high-quality, sustainable, and traceable dairy products.
- Stellapps has already deployed its solutions in over 42,000 villages, facilitating the daily movement of over 14 million liters of milk.
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Gritdaily
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38 Q’s with SKIN PEACE By Josie B That Will Betterize Your Skin
- Josie Bisetti, known for her holistic approach to skincare opened Skin Peace by Josie B in the NoMad area of New York City, after developing bespoke, tailored holistic programs for her clients over the last eight years.
- Twice a month, Josie Bisetti offers her bespoke ritual treatments at the Shou Sugi Ban House, a luxury spa retreat in the Hamptons.
- In September, she opened a studio in NoMad, Skin Peace by Josie B, where she offers her ritual facials and body treatments that lean into the latest technologies and developments.
- She offers a tailored approach that helps people tone and rejuvenate their skin to overcome acne, eczema, and other things that might make them feel insecure.
- Josie's philosophy is holistic work from the inside to change the outside. She addresses the problem from deep within by creating a bespoke skincare regime and by identifying what is going on inside, using skin mapping the face.
- Josie advises everyone that they have to maintain their skin daily by using products that protect, repair, and rejuvenate it.
- She is a walking billboard for extravagant products and supplements. Detoxes are a must to help brighten the skin while enhancing collagen production.
- Josie also believes in balancing the body with cold plunges, sound baths, saunas, and crystals to regenerate and align the chakras.
- She calls her clients, her community, and is a loyalist to the bone, which inspires beautiful loyalty from her community.
- Josie's Skin Peace by Josie B in NoMad in New York City is a beautiful, loyal community where she spoils her clients with good skincare.
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StartupDaily
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Kiwi rapid diagnostics startup DNAiTECH raises NZ$1 million pre-Seed round
- New Zealand startup DNAiTECH has raised NZ$1 million in a pre-Seed round.
- The funding was led by Sprout Agritech and supported by partners Finistere Ventures, Fonterra, OurCrowd, and Callaghan Innovation.
- DNAiTECH has developed instant diagnostic tests that can identify a broad spectrum of animal and human diseases at the point of care.
- The capital will be used for product refinement, further R&D, and field trials as the company prepares for commercialization.
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Yourstory
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Adar Poonawalla invests Rs 1,000 Cr in Dharma Productions for a 50% stake
- Serene Productions, led by Adar Poonawalla, has invested Rs 1,000 crore in Dharma Productions and Dharmatic Entertainment.
- The strategic investment gives Serene Productions a 50% ownership stake in the combined entity.
- Karan Johar will remain the executive chairman, while Apoorva Mehta will continue as the CEO of Dharma Productions.
- The partnership aims to leverage the strengths of both companies for growth and expansion in the entertainment sector.
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Yourstory
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Titan Capital Winners Fund announces final close at Rs 333 Cr
- Titan Capital announced the final close of its Winners Fund at Rs 333 crore.
- The fund is anchored by Snapdeal Co-founders Kunal Bahl and Rohit Bansal.
- The Winners Fund will invest in follow-on rounds of nearly 20 startups in its portfolio.
- Titan Capital has already invested in three companies and has a portfolio of over 280 startups.
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Yourstory
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PayPal Mafia: Innovators behind Silicon Valley's success
- The PayPal Mafia is a group of entrepreneurs who worked together at PayPal and went on to create some of the most successful tech companies.
- Co-founders Max Levchin, Peter Thiel, and Luke Nosek launched Fieldlink, which would be reborn as Confinity and eventually PayPal.
- Post-PayPal acquisition, some members include Elon Musk, co-founder of Tesla and SpaceX, and Reid Hoffman, co-founder of LinkedIn.
- The group's legacy is a testament to innovation and collaboration in tech, and their stories inspire entrepreneurs worldwide.
- Peter Thiel is often called the "don" of the PayPal Mafia and has co-founded Palantir Technologies, invested in Facebook, SpaceX, Yelp, and LinkedIn, and works at Founders Fund.
- Elon Musk, perhaps the most well-known member of the group, founded Tesla and SpaceX and is estimated to have a net worth of $247.8 billion by Forbes.
- Reid Hoffman co-founded LinkedIn and had a big hand in PayPal's success; he's also heavily invested in startups such as Airbnb and Aurora.
- Max Levchin founded Affirm and continues to influence fintech with his data-driven decision-making.
- Other notable members include Jawed Karim, Steve Chen, and Chad Hurley, co-founders of YouTube, David Sacks, co-founder of Yammer and Craft Ventures, and Yishan Wong, founder and CEO of Terraformation.
- Through groundbreaking startups and influential investments, the PayPal Mafia has shaped the tech landscape and remains a pivotal force in the world of technology.
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VIE Stories
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Trio Entrepreneurs Built a Multi-Million Worth Business, Bridging an Agri-Sector Gap | Bioprime Agri Solution
- Bioprime Agri Solution Pvt. Ltd. is a Pune-based startup founded by Dr. Renuka Diwan, Dr. Shekhar Bhosle, and Dr. Amit Shinde, who left behind their successful careers to impact farmers and the planet positively.
- The platform redefines sustainable agriculture by using environmentally friendly chemistry and cutting-edge technology and has generated $7.97M as of May 22, 2023.
- Dr. Renuka Diwan, Co-founder & CEO at Bioprime has a PhD in Plant Biotechnology and has valuable, significant contributions to her field. She actively promotes women’s roles in agriculture and works towards social upliftment.
- Dr. Shekhar Bhosle has a Ph.D. in botany, specialises in applied biotechnology, and has more than 30 years of experience in research, entrepreneurship, and agriculture.
- Dr. Amit Shinde has a Ph.D. in Plant Biotechnology and has more than 25 years of experience in research, entrepreneurship, and agriculture.
- Bioprime Agri Solution Pvt. Ltd. develops innovative, affordable products for farming, gardening, and flower growing, promoting sustainable farming practices and nourishing both people and planet.
- Their technology helps improve crop resistance to climate change using specially designed biomolecules that help plants grow faster, leading to better crop yields.
- They built a multi-million-dollar company generating $422K in revenue as of March 31, 2023, staying true to their goal of making agriculture more sustainable.
- Their hard work paid off, and the trio entrepreneurs created an agri-solution that is revolutionizing agriculture in India and around the world.
- Their journey started with a commitment to finding answers to agriculture's issues and a desire to impact the world positively.
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Economic Times
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Space startup GalaxEye to launch 'Drishti satellite' through Elon Musk's SpaceX
- Space startup, GalaxEye is set to launch the first-of-its-kind multi-sensor Earth observation (EO) satellite, 'Drishiti', in collaboration with Elon Musk's SpaceX from mid-2025, with the ready-to-launch satellite due for transport to the US soon.
- The satellite will weigh 150kg and have high-resolution indigenously-developed sensors, making up part of a constellation of five satellites focused on various altitudes and providing data across various sectors.
- Infosys recently acquired a minority stake in GalaxEye, worth Rs 17 crore, and intends to leverage the company’s vast expertise and global market reach to manage the vast amount of data generated by the satellite once it is in orbit.
- The co-founder of GalaxEye said the goal is to make satellite imagery more accessible to enable industries across various sectors to recognise the inherent value of satellite data.
- The satellite will be launched using SpaceX, making GalaxEye the first Asian startup to do so, with India's ISRO spaceport previously a contender.
- The Drishti satellite will utilize Synthetic Aperture Radar (SAR) and Multi-Spectral Instrument (MSI) sensors to capture high-resolution images of the Earth, providing distinct insights to decision-makers in various sectors.
- GalaxEye has filed for a global patent for this multi-sensor Earth observation satellite as it offers a new approach to making satellite imagery accessible in pricing and in the valuable data it can provide.
- Overcoming many challenges, GalaxEye successfully completed the development of the satellite in 3 years.
- Standalone satellite imagery is typically not sufficient for industries, as companies rely on multiple sources of intelligence when making decisions. Collaborating with other companies in this industry can tap into those broader ecosystems.
- Frugality is ingrained in India's DNA said Mehta, as the GSAT-11 satellite cost only about 50-60% of what similar satellites previously launched, and this frugality is demonstrated in their innovative and integrated approach to using two sensors at that price point.
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Inc42
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Retail Group Seeks Probe Into Quick Commerce Players’ Alleged Pricing Tactics
- The All India Consumer Products Distributors Federation (AICPDF) has called on the antitrust authority to investigate Zomato’s Blinkit, Swiggy, and Zepto for alleged predatory pricing.
- A letter from the AICPDF stated that quick commerce firms are engaging in predatory pricing by offering deep discounts and selling below cost to attract customers.
- The letter highlighted that traditional retailers find it impossible to compete or survive due to such practices.
- The AICPDF urged the Competition Commission of India (CCI) to implement protective measures for traditional distributors and small retailers.
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Inc42
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Titan Capital Closes New Fund At INR 333 Cr
- Seed stage-focused VC firm Titan Capital has closed its new opportunities fund, Titan Capital Winners Fund, at INR 333 Cr (about $40 Mn).
- The fund will be used to invest in existing portfolio companies in later stages, with a focus on tech-enabled businesses led by stellar founders.
- Co-founders Kunal Bahl and Rohit Bansal will anchor the fund as its largest investors and continue supporting founders.
- Titan Capital has already invested in three startups through the fund and is evaluating multiple other deals.
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