A naukri.com initiative
Startup News
Inc42
5d
298
Image Credit: Inc42
From Jumbotail To InCred Finance — Indian Startups Raised $315 Mn This Week
- Indian startups raised a total of $314.6 million this week, with Jumbotail becoming India's 124th unicorn.
- Ecommerce emerged as the most favored sector, attracting $155.6 million in investments, led by Jumbotail's $120 million funding round.
- Funding activities were diverse, with notable investments in sectors like fintech, agritech, health tech, and advanced hardware & technology.
- The week also witnessed startup IPO updates, with Curefoods filing for an IPO, Meesho and Shadowfax opting for confidential pre-filing, and Kissht and NoPaperforms transitioning into public entities.
Read Full Article
17 Likes
Startup Pedia
5d
379
Image Credit: Startup Pedia
‘Building electronics capabilities in a sustained way’: Ashwini Vaishnaw says India to hit 38% value add compared to China in 5 years
- India is working towards enhancing its electronics manufacturing capabilities to reduce reliance on China.
- The country aims to achieve a value addition of 38% within the next five years, comparable to China's levels.
- Efforts are focused on developing local skills and supply chains to 'de-risk' and strengthen the electronics ecosystem.
- Initiatives like the India Semiconductor Mission and components incentive program are supporting the growth of India's electronics sector.
Read Full Article
22 Likes
Siliconangle
5d
42
Image Credit: Siliconangle
Customer support automation startup Wonderful raises $34M
- Wonderful Ltd., a customer support automation startup, has raised $34 million in funding from a seed round led by Index Ventures and involving Bessemer Venture Partners and Vine Ventures.
- The company focuses on providing AI-powered customer support solutions for non-English markets, allowing enterprises to create custom AI agents for handling support requests through various channels like call centers, chatbots, and email.
- Wonderful's platform utilizes large language models to process customer inquiries, with plans to incorporate language-specific data points and support for more languages in the future.
- The company intends to use the funding to enhance its platform, add support for additional languages, and differentiate itself from competitors like CrescendoAI Inc. and Palona AI Inc.
Read Full Article
2 Likes
TechCrunch
5d
100
Image Credit: TechCrunch
Ready-made stem cell therapies for pets could be coming
- San Diego startup Gallant has secured $18 million in funding to develop the first FDA-approved ready-to-use stem cell therapy for veterinary medicine.
- The therapy aims to address conditions in pets like Feline Chronic Gingivostomatitis (FCGS) and arthritis, with promising early results showing improvements in pain and mobility.
- Gallant's approach differentiates itself by utilizing ready-to-use cells from donor animals, potentially simplifying the treatment process compared to traditional stem cell therapies.
- Investors, including Digitalis Ventures and NovaQuest Capital Management, are optimistic about Gallant's potential, recognizing its novel approach and convenience.
Read Full Article
5 Likes
Medium
5d
257
The Intricacies of VC Deals-1
- VC deals involve complex economic provisions outlined in a term sheet to simplify venture transactions for entrepreneurs.
- Ownership stake and dilution are key considerations for founders and employees when VCs invest, often mitigated by setting aside reserves for future financing rounds.
- Convertible debt and SAFE notes are common in early-stage financings, bridging financial gaps and critical for entrepreneurs to include in post-money valuation calculations.
- Critical terms like liquidation preference, anti-dilution protection, pay-to-play provisions, and pro rata rights are crucial elements of VC deals that require careful negotiation and understanding.
Read Full Article
15 Likes
Pymnts
5d
352
Image Credit: Pymnts
BBVA to Continue Takeover Bid for Sabadell Despite Sale of TSB
- BBVA is moving forward with its efforts to acquire Banco Sabadell, despite Sabadell's decision to sell its U.K. unit, TSB.
- BBVA may make a tender offer to Sabadell's shareholders in the coming weeks, unaffected by Sabadell's sale of TSB.
- Analysts see Sabadell's sale of TSB as a strategy to boost investor dividends and defend against BBVA's takeover bid.
- BBVA has been pursuing a takeover of Sabadell for over a year, as both banks navigate the potential acquisition.
Read Full Article
21 Likes
Startup Story
5d
172
Image Credit: Startup Story
Luma Fertility Raises $4 Mn Seed Funding Led by Peak XV’s Surge To Redefine IVF and Fertility Care in India
- Mumbai-based fertility startup Luma Fertility raises $4 million in seed funding led by Peak XV Partners’ Surge, with participation from Ameera Shah and Vijay Taparia.
- Founded by Neha K Motwani, Luma Fertility aims to revolutionize India's fertility ecosystem, focusing on patient-centric care.
- The startup offers a range of fertility services in Mumbai, including IVF procedures, fertility assessments, and complementary therapies.
- With plans for expansion, Luma Fertility aims to provide tech-enabled and emotionally supportive fertility solutions to meet the growing demand in India.
Read Full Article
10 Likes
Startup Story
5d
803
Image Credit: Startup Story
GobbleCube Raises $3.5 Mn in Pre-Series A Round to Power Hyperlocal Brand Growth with AI
- Bengaluru-based AI startup GobbleCube raises $3.5 million in a Pre-Series A funding round led by InfoEdge Ventures and participated in by Kae Capital to scale its hyperlocal brand growth platform.
- GobbleCube, founded by former leaders at Blinkit, offers an AI-powered platform that helps brands identify revenue gaps and growth opportunities in hyperlocal markets, reporting 2-3x sales increases for clients.
- The funding will be used to enhance the platform's AI capabilities, expand geographic and platform coverage, and accelerate global go-to-market efforts, as brands navigate the complexities of hyperlocal and platform-specific competition.
- As retail evolves toward hyper-personalization, GobbleCube aims to empower consumer brands with actionable insights and predictive analytics to succeed in digital marketplaces.
Read Full Article
8 Likes
Hackernoon
5d
344
Image Credit: Hackernoon
10 Things to Do After Your First Win—So It’s Not Your Last
- Getting traction may lead to overconfidence, killing momentum faster than expected.
- After initial success, key actions include not losing the scrappy mindset and avoiding entitled decisions.
- Suggested steps after traction involve self-reflection, challenging ideas, and staying humble and wary.
- It is emphasized to maintain a sense of urgency and avoid complacency after initial wins.
Read Full Article
20 Likes
Hackernoon
5d
36
Image Credit: Hackernoon
You Can’t Wing It to $10M: The Brutal Truth About Startup Sales
- Startups often fail due to confusing momentum with machinery, leading to scalability issues.
- Achieving initial revenue milestones through hustle can be a trap hindering further growth.
- Building a structured revenue assembly line is crucial for sustainable scaling and success.
- Lessons on precision, experience in hires, and incentivizing for long-term success highlighted.
Read Full Article
2 Likes
TechBullion
5d
172
Image Credit: TechBullion
Sibongile Gobile: The Legal Visionary Redefining South Africa’s Tech Frontier
- Sibongile Gobile, a legal visionary in South Africa, is redefining the country's tech frontier by emphasizing responsible innovation within ethical and regulatory frameworks.
- Gobile combines his legal background with a deep understanding of technology to advocate for the integration of legal, ethical, and cultural considerations into tech development and deployment.
- He is involved in various initiatives that bridge the gap between technology and social development, promoting inclusive growth and skills development for underserved communities in areas like agriculture and property technology.
- Sibongile Gobile's work showcases the importance of clear regulatory frameworks in tech deployment and paves the way for accountable and ambitious technological advancements in Africa.
Read Full Article
10 Likes
Startup Story
5d
0
Image Credit: Startup Story
Ghaziabad Municipal Corporation Launches Impact Analysis Report on Student Learning Post ‘Swachh Mohalla Squad’ Initiative
- The Ghaziabad Municipal Corporation has launched the Impact Analysis Report of the Swachh Mohalla Squad initiative aimed at educating school students about solid waste management.
- Over 40,000 students from 100 schools in Ghaziabad participated in interactive sessions and activities to promote awareness and understanding of waste management.
- A learning assessment among 5,000 students showed positive results in knowledge acquisition and behavioral change regarding waste segregation, recycling, and composting.
- The initiative reflects the commitment to Swachh Bharat Mission (Urban) goals and community-led transformation, with recognition given to the Hon'ble Chief Minister and partners for their support.
Read Full Article
Like
Inc42
5d
258
Image Credit: Inc42
Centre To Launch INR 2,000 Cr Drone Tech Incentive Scheme
- The Centre plans to launch a INR 2,000 Cr incentive scheme to boost drone manufacturing in India, spanning three years.
- The initiative under the civil aviation ministry aims to reduce reliance on imported drone components and counter Pakistan's drone program.
- The scheme targets localizing key drone component production by at least 40% in India by FY28, offering additional incentives for using domestic parts.
- The growing Indian drone tech ecosystem has shown potential in defense and civilian sectors, with startups playing a pivotal role.
Read Full Article
15 Likes
ISN
5d
311
Image Credit: ISN
IndiGo appoints ex-NITI Aayog CEO Amitabh Kant as non-executive director
- IndiGo has appointed Amitabh Kant as a non-executive director, pending regulatory and shareholder approvals.
- Amitabh Kant, a former Indian bureaucrat, is known for his role in various nation-building initiatives and sustainability projects.
- Kant's career spans over four decades, and he has led initiatives like the Green Hydrogen Mission and the Aspirational Districts Program.
- IndiGo plans to utilize Kant's expertise to enhance India's transportation sector and expand globally, with a focus on trade, tourism, and economic growth.
Read Full Article
17 Likes
Startup Story
5d
61
Image Credit: Startup Story
Ramveer Tanwar – The PondMan of India How a Small-Town Engineer Sparked a National Environmental Awakening
- Ramveer Tanwar, known as the PondMan of India, revived neglected ponds and promoted water conservation.
- Starting in his village, he organized clean-up drives, educated communities, and founded Say Earth.
- His efforts expanded to multiple states, focusing on community involvement and urban forestry projects.
- Recognized nationally, Ramveer's initiatives emphasize grassroots action and sustainable environmental restoration.
- His story showcases the impact of individual dedication in creating widespread ecological change.
Read Full Article
3 Likes
For uninterrupted reading, download the app