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Startup Pedia
5d
195
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Influencer mimics Nikhil Kamath’s way of interviewing guests on WTF podcast, Zerodha boss reacts
- Influencer Rohit Raghuvendra mimicked Zerodha co-founder Nikhil Kamath's interviewing style on the WTF Podcast in a humorous video.
- Raghuvendra captured Kamath's calm persona and questioning style in his skit, asking philosophical questions similar to those on the podcast.
- The video went viral, with netizens and BharatPe founder Ashneer Grover praising Raghuvendra's portrayal, and Kamath himself reacting positively with emojis.
- The WTF Podcast, hosted by Nikhil Kamath, has garnered over 1.5 million subscribers on YouTube and features notable guests from various fields.
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ISN
5d
1.4k
Image Credit: ISN
'Rs 5,215 crore in losses, no profitable year, so why do we celebrate Kunal Shah?': Deloitte consultant
- Deloitte Senior Consultant Adarsh Samalopanan questioned the celebration of Kunal Shah's entrepreneurial journey due to continuous losses and lack of profitability over his 15-year career.
- Kunal Shah co-founded Freecharge in 2010, which incurred significant losses despite being acquired by Snapdeal for Rs 2,800 crore and later purchased by Axis Bank for Rs 370 crore, a fraction of its earlier valuation.
- Shah's current venture, CRED, has amassed Rs 5,215 crore in losses with Rs 493 crore cumulative revenue over seven years, spurring debates on the celebration of unprofitable ventures and inflated valuations.
- Reactions to Adarsh's post varied, with some defending Shah's market-changing impact in digital payments and premium credit experiences, while others questioned the valuation metrics and profitability of such ventures.
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14 Likes
Medium
5d
277
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Official Statement by Seyed Mohsen Hosseini Khorasani
- Iran issues a statement declaring its stance amidst various threats and challenges it faces.
- Iran emphasizes that it is not comparable to Japan and will not submit to external pressures.
- Iran asserts its right to self-defense against any illegal strikes on its nuclear infrastructure.
- Iran advocates for conditional de-escalation based on maintaining dignity and sovereignty.
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16 Likes
Medium
5d
36
Building with AI Feels Like Magic — Until You Hit Reality
- Building with AI requires skills and training, not just plug-and-play solutions.
- Working with AI involves orchestrating various components and designing systems rather than just writing code.
- Successful AI applications focus on context, adaptability, and scalability rather than quick fixes.
- Despite challenges like token limits, AI builders are encouraged to persevere for the ultimate magic of creating something transformative.
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2 Likes
ISN
5d
83
Image Credit: ISN
'Employees don't leave companies, they leave managers', says Ghazal Alagh
- Mamaearth co-founder Ghazal Alagh highlighted on LinkedIn that employees leave managers, not companies.
- Alagh stated that the daily interactions with managers influence whether employees remain or depart, rather than company policies.
- She listed eight types of managers high performers struggle to work with, such as micromanagers, credit takers, and the never-satisfied.
- Alagh emphasized that building trust and respect through consistent leadership is key for real retention, beyond perks or policy changes.
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4 Likes
Inc42
5d
245
Image Credit: Inc42
IPO-Bound Lenskart’s Peyush Bansal To Acquire 2% Stake From Investors
- Lenskart's CEO Peyush Bansal is looking to acquire 1.5% to 2% stake from existing investors at around $150 Mn.
- The stake is expected to be bought at a valuation of $7 Bn to $8 Bn.
- Negotiations are ongoing, and the transaction is likely to close in four to six weeks before filing draft IPO papers.
- Lenskart, founded in 2010, is an omnichannel eyewear retailer aiming for a public listing amid the IPO boom of tech companies, with recent financial growth and strategic investments.
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14 Likes
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.
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Startup Pedia
5d
380
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.
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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.
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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.
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5 Likes
Medium
5d
258
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.
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15 Likes
Pymnts
5d
352
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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.
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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.
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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.
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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.
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20 Likes
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