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Startup News
Eu-Startups
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Riding towards success: Interview with Theo Golditchuk, Co-founder at buycycle
- Buycycle, founded in Munich in 2021, provides a marketplace for buying and selling pre-owned bikes, catering to the demand for affordable and sustainable options.
- Building trust among buyers and attracting sellers were some of the biggest challenges in the early stages of the platform.
- Investors look for businesses with a clear vision and differentiation from the competition and execution that is backed up by metrics and growth potential.
- Building trust, logistics and sustainability are some of the challenges the cycling industry faces today, particularly in the pre-owned market.
- Technology is revolutionizing the cycling industry, and the pre-owned market has a crucial role to play in extending the lifecycle of bikes.
- When entering new markets, replicating the existing model while adapting to local market conditions is crucial.
- Clear and detailed product listings, authentication methods, and transparent communication about policies and fees help online marketplaces foster trust and transparency.
- Understanding the target audience, testing ideas, taking calculated risks, remaining committed to the vision, and staying adaptable as the business grows are some practical first steps for aspiring entrepreneurs.
- Staying connected to the passion, breaking big challenges into smaller, manageable tasks, and building a supportive network of friends, colleagues, and mentors can keep the entrepreneurs motivated in tough times.
- Buycycle's focus is on connecting the cycling community worldwide by offering a reliable and secure marketplace and expanding its product range later this year.
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TechUniverses
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Image Credit: TechUniverses
Online Tools To Make Sure You Aren’t Overpaying On Business Bills
- UK businesses often overpay in utilities due to fluctuating rates and complex billing structures.
- Tools like Uswitch, MoneySuperMarket, and Compare the Market help compare utility suppliers for better deals.
- Resources like UK Power, Discover Water, and Simply Switch assist in understanding appropriate payment amounts for electricity, gas, and water bills.
- Tools such as GoCardless, Xero, and QuickBooks help avoid late fees and manage funds efficiently.
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VIE Stories
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Image Credit: VIE Stories
[Funding News] Redcliffe Labs raises USD 42 million in series C funding to strengthen pan-india diagnostic network
- Redcliffe Labs, an Indian omnichannel diagnostics company, raised USD 42 million in Series C funding.
- The funding round was led by the Danish Investment Fund for Developing Countries (IFU) with USD 20 million.
- Redcliffe Labs plans to use the funds to expand its diagnostic network in Tier II and III cities.
- The company has also added key leadership members and is seeking collaborations and acquisitions for further expansion.
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AllTopStartups
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222
Image Credit: AllTopStartups
Podia Review: All The Features, Tools, Pros, Cons, Pricing and Alternatives For Online Creators
- Podia is a powerful tool for building and growing online business, simplifying online selling for creators, courses building and more.
- Podia offers a sales page that showcases courses with catchy descriptions, testimonials and offers discounts to attract customers.
- Podia supports memberships for creating a community, engaging with members and encourages interaction.
- Another perk is the email marketing tool that helps in sending updates, promotions, nurturing relationships and boosting sales.
- Podia's pricing is straightforward with no hidden fees and you can pay a monthly subscription to access all features.
- Podia handles payments, integrating with payment processors such as credit cards and PayPal, making transactions smooth for customers.
- Podia is perfect if you want an all-in-one platform that simplifies your digital business, whether you want an online business, sell digital products or earn revenues through memberships.
- Teachable, Thinkific, Kajabi, LearnDash, Gumroad, Mighty Networks and SamCart are a few of Podia's alternatives depending on needs such as a focus on courses, community engagement and maximizing sales.
- Podia is an efficient choice for a creator looking for a simple and a straightforward solution to grow their digital business.
- With all the research and Podia review, it is worthy to try it for yourself by signing up for a free 30-day Podia account.
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TechUniverses
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Can Refurbished Servers Handle Modern Data ?
- Refurbished servers, storage, and networking gear are growing in popularity due to rigorous refurbishment, recertification, and environmental considerations.
- Refurbished servers with machine-learning capabilities can handle AI workloads and data processing at a fast rate.
- Refurbished servers offer impressive cybersecurity capabilities to protect data without compromising overall capacity.
- Investing in refurbished private network servers, switches, and routers can provide secure connections for remote workers.
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ISN
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71
Image Credit: ISN
Feb.ai, which empowers entrepreneurs and the CA community, raises $2 million
- Feb.ai, a homegrown AI startup automating accounting and tax compliance, has raised $2 million in a pre-Series A funding round led by a group of investors.
- The startup was founded by CA Amit Jindal, CA Saurabh Jain, Ashu Goel, and CA Rahul Bansal.
- Feb.ai eliminates manual data entry and errors while performing accounting and verifying invoices, and provides real-time business insights for confident decision-making.
- The raised capital will be used to advance AI capabilities, ramp up customer acquisition, and expand the workforce.
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VIE Stories
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44
Image Credit: VIE Stories
How to Franchise Your Business?
- Franchising your business in India is a great way to grow if your business is easy to copy.
- In franchising, you give the franchiser permission to open new locations using your business model and trademarks.
- Franchising offers the ability to boost sales through new locations and earn royalties and other fees from franchisees.
- You'll need to train and support franchisees, ensuring compliance with franchise laws and regulations.
- The franchise disclosure document (FDD) is a legal document you need to franchise your business and sell franchises.
- You should register your trademarks since your entire franchise system will be built around them.
- Your franchise company should be legally distinct and handle selling franchises, supporting franchisees, and receiving revenue and royalties.
- Developing a franchise sales strategy and budget is crucial for attracting, training, and supporting target franchisees.
- The cost to franchise your business can range from Rs 50,000 to Rs 1 lakh.
- Franchising is a great way to expand your business if you do proper planning and investment.
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Yourstory
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209
Image Credit: Yourstory
Instant food brand Yu secures Rs 55 Cr from Ashish Kacholia, Asian Paints Promoter Group
- Instant food brand Yu Foodlabs has raised Rs 55 crore in its Series B funding round.
- The funding round was led by returning investors Ashish Kacholia and Asian Paints Promoter Group.
- The company plans to use the funding to ramp up distribution, strengthen its food portfolio, and expand its beverage range.
- Yu Foodlabs aims to grow revenues 3X over the next two years and has developed South Africa as a key market.
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Inc42
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302
Image Credit: Inc42
Ashneer Grover Withdraws Pleas Against BharatPe
- Ashneer Grover has withdrawn the oppression and management plea filed against BharatPe and its board of directors in the National Company Law Tribunal (NCLT).
- Grover also withdrew a plea from the National Company Law Appellate Tribunal (NCLAT), where he had sought his reinstatement as managing director of the company.
- He had previously sought the board of Resilient Innovations Pvt Ltd to be declared illegal.
- Following the settlement of the legal dispute, Grover will no longer have any association with BharatPe or hold any shareholding pattern in the company.
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Nonprofithub
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Image Credit: Nonprofithub
[PODCAST] Balancing Passion and Prevention: Effective Strategies for Nonprofit Leadership – Craig Dennison
- Craig Dennison, founder of Green Thumb Consulting, shares effective strategies for nonprofit leadership and balancing passion and responsibility.
- He discusses managing multiple roles within an organization without succumbing to burnout, especially during the demanding Q4 season.
- The episode highlights how to stay energized and focused, ensuring nonprofit organizations not only survive but thrive during the critical year-end giving period.
- Listeners can access free nonprofit professional development resources and connections to peers at nonprofithub.org.
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Inc42
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347
Image Credit: Inc42
FM Nirmala Sitharaman Urges Mexican Firms To Explore Tie Ups With Indian Startups
- India's finance minister, Nirmala Sitharaman, has encouraged Mexican firms to collaborate with Indian startups and academic institutions.
- Sitharaman highlighted the potential for innovative solutions and shared benefits through a partnership between India and Mexico.
- She also mentioned the success of nearshoring in Mexico, which has led to tie-ups between multinational companies and exchange of talent.
- During her visit, Sitharaman expressed interest in working together in areas such as Centers of Excellence and paid tribute to Ratan Tata.
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Yourstory
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17
Image Credit: Yourstory
Startup news and updates: Daily roundup (October 18, 2024)
- Febi.ai, an AI-driven platform specializing in automating accounting and tax compliance, raised $2 million in pre-Series A funding.
- Satyukt Analytics won the top prize at the Smart Farm Grant Challenge for their solution to improve sugarcane harvesting efficiency.
- ZEPIC launched Zenie, an AI engine, along with other features aimed at enhancing customer interactions and marketing strategies.
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1 Like
Inc42
4w
436
Image Credit: Inc42
Exclusive: Yu Foods Nets $6.5 Mn Led By Ashish Kacholia, Asian Paints Promoter Group
- Delhi NCR-based startup Yu Foods has raised INR 55 Cr ($6.5 Mn) in its Series B funding round led by Ashish Kacholia and Asian Paints Promoter Group.
- The fresh capital will be used to strengthen the distribution network and expand the product portfolio.
- Yu Foods offers a variety of instant food products and has a presence in both online and offline retail channels.
- With this funding, Yu Foods has raised around INR 100 Cr in total across multiple rounds.
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SiliconCanals
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Image Credit: SiliconCanals
Paris-based Dottxt raises €10.9M to help AI speak the language of every application; here’s how
- Paris-based Dottxt has raised $11.9M in funding for its ecosystem and platform for interacting with large language models (LLMs).
- The funding includes a $3.2M pre-seed round led by Elaia in December 2023 and an $8.7M seed round led by EQT Ventures in August 2024.
- Dottxt enhances LLMs by enabling users to request structured information, allowing seamless integration with digital ecosystems.
- The funds will be used to expand Dottxt's team, increase software engineers, and distribute the technology to enterprises and developers.
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Gritdaily
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240
Image Credit: Gritdaily
Paleontologist Steven M. Stanley Honored by Marquis Who’s Who
- Paleontologist Steven M. Stanley has been honored by Marquis Who's Who for his contributions to evolutionary biology and education.
- Dr. Stanley, a research professor at Florida State University, has made significant advancements in paleontological studies over the past five decades.
- His novel 'T. Rex, Darwin and Adventures Out West' blends scientific insight with storytelling, exploring the complexities of human relationships and the natural world.
- Dr. Stanley's textbooks and research on paleontology have earned him numerous awards and recognition, revolutionizing the field and transforming paleontology education.
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