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Startup News
Inc42
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Shadowfax Likely To Double Valuation With Fresh Funding
- Logistics startup Shadowfax is in advanced discussions to raise INR 350-400 Cr in a funding round.
- The funding round would likely double the company's valuation to around INR 5,500-6,000 Cr.
- This will be the company's last private funding round before its IPO.
- The round will see participation from domestic family offices, mutual funds, and HNIs.
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VIE Stories
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[Funding News] Dairy Tech Startup Stellapps Secures $26 Mn Funding
- Stellapps, a dairy tech startup, has secured $26 million in funding.
- The funding round included Miledeep Capital, Blume Ventures, Omnivore, Bill & Melinda Gates Foundation, and others.
- The capital will be used to grow Stellapps' mooMark division, focusing on private-label dairy and contract manufacturing.
- Stellapps leverages advanced analytics and AI to provide dairy ecosystem partnerships and end-to-end solutions.
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Inc42
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Stellapps Bags $26 Mn To Scale Up Its Dairy Product Offerings
- Dairy tech startup Stellapps Technologies has secured Series C funding of $26 Mn (around INR 218.5 Cr) from existing investors and Miledeep Capital.
- The funding will be used to scale up the mooMark business, focused on contract manufacturing and private labelled dairy products.
- Stellapps provides an IoT platform to digitize and optimize the milk supply chain, improving yields and milk quality.
- The Indian dairy industry is projected to have a massive opportunity of INR 49.95 Lakh Cr by 2032.
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Yourstory
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PE/VC investments decline by 40% in Sept quarter: IVCA-EY report
- Private equity and venture capital funds' investments declined by 40% to $8.8 billion in the September quarter, according to a report by IVCA and EY.
- The number of deals increased by 26% to 283 transactions during the same period.
- Geopolitical tensions and cautious investor sentiment were cited as reasons for the decline in investments.
- Large deals over $100 million decreased by more than half, while pure-play PE/VC deals were 30% lower at $6.5 billion.
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Startup Pedia
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This Google Engineer Got Rejected by Startup for Being Over-Qualified
- A Google engineer, Annu Sharma, shared her surprise on social media after being rejected by a startup for being over-qualified.
- The rejection letter stated that her skills and qualifications were far above the requirements of the role and that highly qualified candidates often leave soon after joining.
- Netizens on social media reacted to the news, with many sharing similar experiences of being rejected for being highly qualified.
- This incident sheds light on the issue of qualified candidates facing rejection in the Indian startup ecosystem.
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TheStartupMag
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Leasing Vs. Buying: What’s the Best Option for Acquiring Business Equipment?
- Deciding between leasing or buying equipment can prove daunting for various reasons.
- Factors to consider include the business's financial health, the type of equipment, and the trade-off between flexibility and control.
- Leasing is suitable for equipment that depreciates faster, while buying is ideal for equipment with longer lifespans.
- Carefully evaluating business needs and growth plans is crucial in making the right decision.
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Inc42
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803
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Hotstar To Be Sole Streaming Platform Following Reliance-Disney Merger
- Reliance-Disney India merger will result in Disney+ Hotstar becoming the sole streaming platform.
- Hotstar will absorb JioCinema and exclusively stream the 2025 edition of the Indian Premier League (IPL).
- Reliance considered various strategies but chose Disney+ Hotstar due to its superior tech infrastructure.
- The merger aims to create a media giant with over 100 TV channels, two streaming platforms, and a large user base.
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Startup Pedia
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Financial Planner Quits ₹20 LPA Job to Start a Healthy Snacks Brand, now Clocks ₹80 Lakh Per Year
- Dheep Vora, a former financial planner earning ₹20 LPA, left her corporate job to start "Hachi With Love," a healthy snacks brand. Inspired by her marathon journey, she launched the business in 2019 with an investment of ₹50,000.
- Despite initial challenges, including the COVID-19 pandemic, she grew Hachi into a thriving Mumbai-based startup, offering natural, preservative-free granola and cakes. Today, Hachi With Love clocks ₹80 lakh annually and partners with corporate clients.
- Dheep’s focus remains on scaling sustainably and expanding into international markets, while staying true to her brand's values of quality and health.
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TheStartupMag
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Entrepreneurs: Unlock New Opportunities with a Business Degree
- A solid educational background is crucial for professional success in today's fast-paced and competitive world.
- A business degree offers diverse opportunities and a broad range of skills, including finance, marketing, and operations management.
- Degrees in technology, health, and environmental studies are also valuable in today's economy.
- Investing in a degree provides young professionals and entrepreneurs with the skills, knowledge, and confidence to thrive in their chosen field.
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ISN
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Ashish Kacholia, Asian Paints Promoter Group invests Rs 55 crore in consumer foods brand Yu
- Ashish Kacholia and Asian Paints Promoter Group invest Rs 55 crore in consumer foods brand Yu.
- Yu is an omni-channel consumer brand offering instant food and beverage products using natural ingredients.
- Funding will be used to expand distribution, strengthen food portfolio, and launch 100% fruit juices.
- Yu aims to grow revenues 3x over the next two years and has achieved significant market presence with offline and online channels.
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Inc42
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607
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IndiaMART’s Profit Nearly Doubles To INR 135 Cr In Q2
- IndiaMART InterMESH nearly doubled its net profit to INR 135.1 Cr in Q2 FY25, compared to INR 69.4 Cr in Q2 FY24, driven by strong revenue growth and reduced expenses.
- Revenue rose 18% YoY to INR 347.6 Cr, while EBITDA surged 68% YoY to INR 135 Cr. Customer collections increased 6% YoY to INR 356 Cr. IndiaMART registered 28 Mn unique business inquiries and saw a 14% YoY growth in annualised revenue per paying supplier.
- Total expenses slightly declined, with a notable 27% reduction in finance costs. The company plans to focus on expanding its SME network and investing in fintech and SaaS solutions.
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ISN
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Weaver services acquires Capital India Home Loans for Rs 267 crore
- Weaver Services has acquired Capital India Home Loans for Rs 267 crore ($31.7 million).
- The acquisition aims to strengthen Weaver's presence in the affordable housing finance sector, particularly in underserved markets.
- Weaver Services plans to introduce innovative financial products, targeting self-employed individuals and those in the unorganized sector, especially in Tier 2 and Tier 3 towns.
- The company aims to enhance financial inclusion, particularly for women borrowers, by offering affordable and accessible home loan solutions.
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Startup Pedia
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793
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Zuckerberg’s Meta Launches AI Model to Check Other AI Models' Accuracy
- Meta Platforms, under Mark Zuckerberg's company Meta, has released new AI models developed by its research division FAIR.
- The models include a 'Self-Taught Evaluator' that can validate other AI models' accuracy without human intervention.
- Meta's models aim to achieve advanced machine intelligence while incorporating open science and reproducibility.
- One of the models, called Meta Spirit LM, focuses on generating natural-sounding speech and learning new tasks across speech processing.
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ISN
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785
Image Credit: ISN
Packaged food brand iD Fresh's revenue rises 16% to Rs 558 crore in FY24; turns profitable
- Bengaluru-based packaged food startup iD Fresh has achieved profitability in FY24, reporting a net profit of Rs 4.56 crore.
- iD Fresh's operating revenue in FY24 was Rs 557.84 crore, indicating a growth of 16.3% compared to the previous fiscal year.
- The company's ready-to-cook batters segment witnessed a 24% YoY growth in sales, reaching Rs 237 crore.
- iD Fresh recently entered the spices market and plans to strengthen its presence in northern India.
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Startup Pedia
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Zerodha Founder Buys House After Advocating People to Stay on Rent
- Zerodha founder Nikhil Kamath has purchased a house after advocating for renting for years.
- In a podcast with real estate experts, Kamath admitted the disadvantage of renting is the lack of foresight in moving out.
- However, he expressed frustration with real estate investments due to their illiquid nature and arbitrary pricing.
- Kamath compared real estate with the stock market, highlighting the stable pricing dynamics in the latter.
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