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Startup Pedia

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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

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'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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Medium

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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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Medium

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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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ISN

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'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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Inc42

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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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Inc42

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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

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‘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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Siliconangle

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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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TechCrunch

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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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Medium

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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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Pymnts

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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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Startup Story

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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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Startup Story

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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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Hackernoon

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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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