menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

Startup News

source image

Medium

4w

read

71

img
dot

Image Credit: Medium

Are you looking for a business partner ?

  • H-MEDIA Business is launching a new service called Business Partner, which combines consulting and support for entrepreneurs.
  • The service aims to help businesses reach their goals by providing the right person or team as their business partner.
  • H-MEDIA Business will utilize their skills, expertise, and industry connections to assist in areas such as marketing, management, branding, PR, and more.
  • Interested businesses can contact H-MEDIA Business via direct message on Instagram, LinkedIn, or Facebook to explore the possibility of partnering with them.

Read Full Article

like

4 Likes

source image

SiliconCanals

4w

read

244

img
dot

Image Credit: SiliconCanals

In other news this week: Nattergal raises €48M, Otoqi’s €10M Series B, Wolt acquires Tazz, Netherlands gets its first PE community, and more

  • 20VC raises $400M fund to support early-stage startups.
  • Nuclera raises €69M to fund development and commercialisation of the eProtein Discovery benchtop system.
  • Nattergal raises €48M to buy, lease or manage large areas of ecologically degraded land and seascapes across UK & Europe for nature restoration.
  • Banco Português de Fomento invested €35M in Indico Capital Partners and Oxy Capital funds.
  • The European Investment Bank (EIB) lends €34M to Vay, a German teledriving technology startup to develop its operations in Europe.
  • CorPower Ocean secures €32M funding for its wave energy technology.
  • Stoïk raises €25M for cyber insurance risk for VSEs and SMEs.
  • Shift Bioscience raises €14.7M to advance AI simulation platform for the development of technology that can safely rejuvenate cells to combat the effects of age-related illnesses.
  • Gladia secures €14.7M to develop its multilingual real-time audio transcription and analytics engine, enhancing voice-first platforms to deliver more value to their users.
  • Otoqi secures €10M for its connected services and logistics solutions for automotive professionals.
  • Constellation Technologies & Operations raises €9.3M as part of its Seed fundraising, for its mission to deploy a disruptive constellation of telecommunication satellites that will enable telecom operators to deliver high-speed, low-latency internet connectivity.
  • AviLabs bags €8M funding for Plan3, its project management software for recruitment agencies, to power collaborative hiring including RPO and MSP hiring.
  • Axyon AI secures €2.1M from Green Sands Equity and other angel investors.
  • Diamond Logistics raises a seven-figure loan from Frontier Development Capital (FDC) to expand its national network of local delivery and fulfillment partners.
  • Omnea raises $20M funding to manage the entire purchasing process.
  • Shiftmove acquires Optimum Automotive to expand into France.
  • 1s1 Energy raises $1.4M Seed funding for producing green hydrogen.
  • Vendorvue raises €1.4M in new funding led by Pitchdrive and Syndicate One.
  • Wolt acquires Tazz, a Romanian local commerce platform from eMAG.
  • Skytree opens North American HQ in Toronto, driving circular economy by transforming CO2 from waste product into a valuable resource.

Read Full Article

like

14 Likes

source image

Startup Pedia

4w

read

400

img
dot

Image Credit: Startup Pedia

Ashneer Grover Drops Oppression & Mismanagement Plea Against BharatPe

  • Ashneer Grover, co-founder of BharatPe, has withdrawn his petition against the board of the company from the NCLT.
  • The withdrawal came after Grover settled with the company on September 30, 2024.
  • The dispute between BharatPe and Grover involved accusations of oppressive conduct, mismanagement, and financial irregularities.
  • As part of the settlement, Grover will no longer be a shareholder in the company and both parties agreed not to pursue further legal actions.

Read Full Article

like

24 Likes

source image

VIE Stories

4w

read

240

img
dot

Image Credit: VIE Stories

Commercial Kitchen Appliances and Equipment List for Restaurant and Cloud Kitchen

  • This article offers a comprehensive list of important kitchen tools for any restaurant, like commercial ovens, ranges and ventilation, food processors, mixers, commercial dishwasher, gas or electric grill, microwave, refrigerators and freezers, and sinks cooking equipment.
  • When choosing an oven, it’s important to consider key factors like size of the oven, the function, and the quality. Additionally, Brick ovens and conveyor ovens are visible options depending on the restaurant’s specific needs.
  • With the ovens sorted, the next critical piece of equipment is your cooking range,along with the associated ventilation system to ensure that the kitchen environment remains comfortable for your kitchen staff.
  • Food processors are highly versatile kitchen tools in a restaurant, including various tasks such as chopping, slicing, dicing, and pureeing.
  • For mixing ingredients, a commercial mixture is necessary for establishments which frequently work with dough mixtures. Investing in sturdy prep counters and cutting boards is also essential for chopping ingredients in a commercial kitchen.
  • Regardless of whether you hire a dishwasher or not, a commercial dishwasher is essential for creating plates, glasses, and other serveware, letting your staff focus on washing pots and pans by hand while the dishwasher performs a cycle for other items.
  • A grill is essential for cooking meats, while a microwave is useful for tasks like reheating, defrosting, and steam cooking.
  • No restaurant can keep fresh ingredients for long without refrigeration units and freezers, which are of right size and type you need. Sinks play an important role in a restaurant kitchen for dishwashing, food preparation, and hand washing.
  • Various other cooking equipment items, like tongs, baking pans, mixing bowls, towels, spatulas, ladles, rags, sheets, and roasting pans, pots and pans of varying sizes with lids, and spoons for mixing and tasting.
  • A good and high-quality appliance is important for good food preparation, and each appliance plays an important role in running your restaurant kitchen.

Read Full Article

like

14 Likes

source image

Startup Pedia

4w

read

351

img
dot

Image Credit: Startup Pedia

How Boult Built A Rs 700 Cr Revenue Brand Without Any External Funding

  • Despite having no external funding, Boult Audio has scaled to an impressive Rs 700 crore in revenue, making it one of India's most successful and profitable D2C brands.
  • In the Indian audio market, Truly Wireless Stereo (TWS) accounts for 55% of the total market share, making it the largest category.
  • According to Varun Gupta, Boult holds a 12% share within the TWS segment.
  • Varun Gupta, the co-founder of Boult, revealed that Boult Audio is his fourth startup and he saw a market gap in the audio segment in 2017.
  • Boult now sources all its raw materials domestically and reinforces its commitment to the Make in India initiative.
  • Boult became #1 rated audiowear brand in India with its laser focus that remained unwavering on certain key metrics and limited set of categories.
  • Varun Gupta tackled a common myth of D2C sales model which is believed to have the highest profit margins. He said, “D2C is the least margin-offering platform”.
  • As Boult inches towards the Rs 1,000 crore revenue mark, it has become one of the fastest-growing audiowear brands in the country.

Read Full Article

like

21 Likes

source image

Startup Pedia

4w

read

346

img
dot

Image Credit: Startup Pedia

Zepto Backlashed by Netizens for Calling Woman “Cutie”

  • Zepto faced backlash from netizens after addressing a woman as 'cutie' in an unsolicited message.
  • The woman expressed her disappointment on LinkedIn, stating that it reminded her of the instances of harassment that teenage girls face.
  • Another incident involved Zepto sending an unsolicited promotional message for a contraceptive pill to a customer, causing further backlash.
  • Netizens criticized Zepto's actions, highlighting the need for ethical standards when communicating with customers.

Read Full Article

like

20 Likes

source image

Inc42

4w

read

231

img
dot

Image Credit: Inc42

Dubai Court Upholds AED 25.07 Mn Ruling Against Honasa In Distributorship Dispute

  • The Dubai court rejected appeals from both Honasa Consumer and its former distributor RSM General Trading.
  • The court upheld the initial judgment ordering Honasa to pay AED 25.07 Mn in damages to RSM.
  • Honasa clarified that it does not own any assets in the UAE.
  • Honasa plans to file an appeal against the Dubai Court's judgement.

Read Full Article

like

13 Likes

source image

TechCrunch

4w

read

869

img
dot

Image Credit: TechCrunch

With $11.9 million in funding, Dottxt tells AI models how to answer

  • U.S.-based startup Dottxt aims to make AI models speak computer by providing a structured generation approach.
  • The company, led by the team behind the open-source project Outlines, guides LLMs (large language models) in delivering valid JSON and helps developers get what they need from generative AI models.
  • Dottxt is building a model-agnostic structured generation solution that offers more features and better performance than its open-source predecessor.
  • The startup has raised $11.9 million in funding and plans to accelerate adoption of structured generation tools, primarily targeting enterprise clients.

Read Full Article

like

12 Likes

source image

ISN

4w

read

1k

img
dot

Image Credit: ISN

Mamaearth becomes India's 3rd largest skincare brand, says Euromonitor International

  • Mamaearth, the flagship brand of Honasa Consumer Ltd., has become India's third largest skincare brand, according to Euromonitor International.
  • The ranking reflects Mamaearth's significant market presence in India's beauty and personal care industry.
  • The success of Mamaearth and other Honasa Consumer brands highlights the growing dominance of direct-to-consumer (D2C) brands in the Indian beauty market.
  • Honasa Consumer reported strong financial performance, with a significant increase in profit and revenue for the first quarter of 2024.

Read Full Article

like

23 Likes

source image

TechCrunch

4w

read

725

img
dot

Image Credit: TechCrunch

UK digital ‘end-of-life’ services startup Farewill acquired for $16.8M

  • U.K. end-of-life services provider Farewill has been acquired by funeral service provider Dignity in a $16.8 million deal.
  • The acquisition aims to help Dignity expand its presence in the growing death care services market.
  • Farewill, founded in 2015, is a part of the emerging 'death tech' category.
  • The acquisition is subject to regulatory approval and expected to close by January 1, 2025.

Read Full Article

like

6 Likes

source image

Yourstory

4w

read

765

img
dot

Image Credit: Yourstory

Simplismart bags $7M in Series A funding round led by Accel

  • Simplismart, a cloud-based MLOps workflow orchestration platform, has raised $7 million in a Series A funding round led by Accel.
  • The funding round also saw participation from Shastra VC, Titan Capital, and high-profile angels.
  • The company plans to utilize the capital to fuel its R&D efforts and support its enterprise-focused platform.
  • Simplismart has developed the world's fastest inference engine, enabling organizations to execute machine learning models at speed while reducing costs.

Read Full Article

like

8 Likes

source image

Pymnts

4w

read

892

img
dot

Image Credit: Pymnts

AI Boom Drives Record Revenues and Funding Across Tech Sector

  • Artificial intelligence (AI) is driving record revenues and funding across the tech sector.
  • Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 54% increase in quarterly profits, fueled by strong demand for AI chips.
  • AI security firm AITX saw a massive 348% surge in revenue, reflecting the growing demand for automated security solutions.
  • Relyance AI, a startup focused on AI governance, secured $32.1 million in funding to help enterprises navigate AI implementation and data protection.

Read Full Article

like

10 Likes

source image

Inc42

4w

read

1.1k

img
dot

Image Credit: Inc42

Zomato To Seek Board Approval To Raise INR 8,500 Cr

  • Zomato's board will review and approve a proposal to raise INR 8,500 Cr at its meeting on October 22.
  • The company may seek approval from RBI to restrict foreign institutional investors' shareholding to 49%.
  • If approved, the proposal would enable Zomato to increase domestic shareholding above 50%.
  • The fundraising plan comes amid competition in the quick commerce market and Zomato's plans to scale its going out business.

Read Full Article

like

14 Likes

source image

Yourstory

4w

read

1.1k

img
dot

Image Credit: Yourstory

Reliance forms joint venture with Mothercare

  • Reliance Retail Ventures, India's leading retailer, is forming a joint venture with Mothercare.
  • Reliance Brands Holding UK will hold a 51% stake in the joint venture, while Mothercare will retain 49%.
  • The joint venture will act as the franchisor of the Mothercare brand in South Asian regions.
  • Reliance Brands first acquired the rights to the Mothercare brand in 2018 and currently operates 87 stores across India.

Read Full Article

like

4 Likes

source image

TechCrunch

4w

read

1.3k

img
dot

Image Credit: TechCrunch

Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’

  • Byju Raveendran, the founder of edtech group Byju’s, admits that his startup, once valued at $22 billion, is now effectively worth 'zero'.
  • The aggressive acquisition of startups to expand into new markets proved fatal for Byju’s when financing dried up in 2022.
  • Many investors urged for aggressive expansion, but backed out after global markets tumbled due to Russia’s invasion of Ukraine.
  • Departure of key backers and governance issues led Byju’s into insolvency proceedings, making it impossible to raise additional funds.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app