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Gritdaily
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Lessons for the US in Canada’s Solar Energy Failure: A Market-Driven Approach to Sustainable Tech Adoption
- Canada's attempt to mandate the adoption of solar in the '70s offer lessons for sustainable tech adoption - market forces drive innovation, as government mandates risk being undermined by an overreliance on government intervention.
- The Canadian government initiated several ambitious programs to promote solar energy, but these were plagued by administrative confusion and cost overruns that delayed feasibility studies and other factors.
- The Canadian solar industry eventually collapsed when government funding was cut.
- Governments worldwide are concerned about standardising cleaner technologies like EVs and have offered subsidies, however, these efforts risk being undermined by an overreliance on government intervention.
- The market should determine which technologies succeed; market-driven adoption ensures technologies respond to genuine consumer demand and economic viability.
- The government should focus on creating an environment that supports market-driven adoption instead of mandating it through policies that promote innovation and reduce barriers to entry.
- The role of the government in transitioning to sustainable technologies is investing in R&D, establishing and enforcing policies that reduce barriers to entry, including government subsidies, but avoid overregulation and mandates.
- Market forces drive innovation, even in the EV market that is already driving innovation in battery technology, charging infrastructure, and vehicle design.
- Investment in infrastructure development like EV charging stations can facilitate the adoption of sustainable technologies.
- Avoid over-legislating since this creates artificial demand and risks killing the movement.
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Medium
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All You Need to Know About Gate.io App in the UAE — 2025
- Gate.io is a centralized cryptocurrency exchange that offers over 1,700 cryptocurrencies and stablecoins.
- The Gate.io app is available on multiple platforms and allows users to trade cryptocurrencies conveniently.
- Key features of the Gate.io app include easy management of digital assets and a user-friendly design.
- Users should consider factors such as security and trading fees before using the Gate.io app.
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ISN
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Neuron7.ai raises $44 million in a Series B funding round
- Neuron7.ai, a Service Resolution Intelligence startup, has raised $44 million in a Series B funding round led by Smith Point Capital.
- The funding round was oversubscribed, with participation from existing investors Nexus Venture Partners and Battery Ventures.
- Neuron7.ai plans to use the raised capital to accelerate product innovation and go-to-market growth initiatives. It aims to resolve issues in complex service environments and integrate with CRM applications and service workflows.
- The Service Council notes that Neuron7 addresses the challenge faced by complex service organizations, where knowledge is spread across various sources and employees retire or change careers.
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Yourstory
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Why more and more Japanese startups are looking at India From Japan to India: Panel debates an ecosystem of opportunities
- The Japan External Trade Organization (JETRO) is supporting Japanese startups and enterprises to expand in the Indian market or collaborate with Indian players.
- During a panel discussion at TechSparks 2024, the potential of India's startup ecosystem and the reasons why international startups should consider expanding to India were highlighted.
- The panelists discussed the opportunities offered by India's robust startup ecosystem, including the volume of relevant data generated, a wide and deep talent pool, and a large consumer base.
- While India presents immense potential, challenges such as complex regulations and administrative issues need to be navigated, and building networks and partnerships is crucial for success.
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Inc42
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ANI Vs Wikipedia: Delhi HC Asks Platform To Take Down Page On Lawsuit
- The Delhi High Court has directed Wikimedia Foundation (WMF) to take down a page on Wikipedia related to the defamation suit filed by news agency ANI against the foundation.
- The court found the page objectionable and contemptuous, as it made adverse comments against the single judge handling the case.
- The court ordered Wikimedia to take down the page within 36 hours and assured to hear their merits in the case only after compliance.
- The next hearing is scheduled for October 25 to discuss further developments on the case.
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Inc42
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RBI Bars Sachin Bansal’s Navi Finserv From Disbursing Loans
- The Reserve Bank of India (RBI) has directed Sachin Bansal’s Navi Finserv and three other non-banking financial companies (NBFCs) to immediately stop sanctioning and disbursing loans due to supervisory concerns.
- The RBI's action is in response to excessive interest rates and non-compliance with its regulations. The NBFCs were found to have pricing policies that violated RBI guidelines.
- Additionally, the NBFCs were flagged for discrepancies in assessing household incomes and ensuring appropriate loan repayment terms.
- The restrictions will remain until Navi and the other firms take corrective actions to the satisfaction of the RBI.
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Eu-Startups
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Paris-based Edgee raises €2.66 million to launch open source edge computing platform
- Paris-based Edgee has raised €2.66 million in pre-seed funding to launch an open-source edge computing platform.
- Edgee aims to transform data collection and application performance by leveraging edge computing.
- The platform addresses challenges in data processing and application performance, ensuring accurate data capture while maintaining privacy compliance.
- Edgee plans to expand its platform, engage with the developer community, and foster innovation in edge-powered applications.
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Yourstory
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Mastering Cloud Costs: FinOps Strategies for Startup Growth
- A masterclass on ‘Leveraging FinOps for Success: A Guide for Startups and VCs’ was conducted at TechSparks 2024 in Bengaluru.
- The session highlighted the importance of managing cloud costs effectively for startups.
- Common pitfalls for startups in cloud cost management include hidden costs, data transfer costs, storage costs, and vendor lock-in.
- Strategies for success include integrating FinOps responsibilities into existing teams, creating a cost-aware culture, using cost optimization tools, and leveraging cloud provider benefits.
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Yourstory
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Zomato to consider fresh capital raise via QIP amid rival Swiggy's IPO plans
- Zomato plans to raise fresh capital through a Qualified Institutions Placement (QIP).
- The company will hold a board meeting on October 22, 2024, to discuss the fundraise and release its unaudited financial results.
- This move comes as Zomato's rival, Swiggy, prepares for a significant IPO, raising approximately Rs 10,414 crore to Rs 11,664 crore ($1.25–1.4 billion).
- Meanwhile, Zepto, another quick commerce competitor, is reportedly close to securing $100 million in new funding at a $5 billion post-money valuation.
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Medium
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The Future of Cold Emailing: AI-Driven Automation for Continuous Optimization
- AI-Driven Automation is reshaping the landscape of cold emailing.
- AI-driven automation uses machine learning algorithms to analyze recipient behaviour, adapt email content, and optimize follow up timing.
- Personalizing cold emails at scale is no more a daunting task as AI can incorporate real-time data.
- Continuous optimization leads to higher conversion rates as the AI refines the email content and sequencing based on real-time feedback.
- To fully leverage AI-driven cold emailing, integrate these tools with your existing CRM and marketing stack by all available customer information.
- For smaller businesses with limited budgets, some tools offer basic AI features.
- It’s possible to over-automate cold emailing, which can result in emails that feel robotic or impersonal.
- AI-driven automation does not exempt marketers from following regulations like GDPR and CAN-SPAM.
- Tools like Smartlead, Mailshake, and Salesloft offer AI-powered features for automating email sequences, personalization, and performance analysis.
- Follow regulations such as GDPR, CAN-SPAM, and other email marketing laws by including opt-out options and respecting recipients’ data privacy.
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Medium
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Now that you’ve identified a promising niche for your business or start-up, what’s next?
- Having investors can be beneficial as long as you maintain control of your business.
- You are the capital your team needs; focus on generating income with available resources.
- Utilize services and platforms to create brand awareness and gain customers.
- Investments can speed up growth, but investing in yourself and customers is crucial.
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Yourstory
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India poised to be third largest global economy by 2030, rising population presents challenges: S&P
- India is poised to be the third largest global economy by 2030, according to S&P Global Ratings.
- India aims to become a $30 trillion economy by 2047.
- Emerging markets, including India, will play a crucial role in shaping the global economy and contribute about 65% of global economic growth by 2035.
- However, India faces challenges due to its rising population, which requires improvements in basic service coverage and increased investment needs for productivity.
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Medium
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Launch Your Crypto MLM Business in Just 5 Days!
- Crypto MLM platforms combine network marketing with blockchain technology, providing transparency, security, and quick transactions.
- Plurance offers customizable plans and smart contracts for automated payouts and increased efficiency within the MLM ecosystem.
- Their ready-made cryptocurrency MLM software allows entrepreneurs to launch their platforms within five days.
- Plurance prioritizes security with features like multi-factor authentication and encrypted wallets.
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Insider
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Inshur provides embedded insurance to ride-hailing companies like Uber. Check out the 16-slide pitch deck used to secure $19 million.
- Insurtech startup Inshur has secured $19 million in Series B funding.
- The startup offers AI-enhanced vehicle insurance for clients like Uber and Amazon Flex.
- The funding will be used to scale the team in the US and develop product offerings.
- Inshur has embedded insurance into apps, making it accessible for on-demand drivers.
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Yourstory
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Image Credit: Yourstory
India's fast growing economy, large population to drive carbon-intensive product demand: Moody's
- Moody's Ratings expects India's fast-growing economy and expanding population to drive up carbon-intensive product demand.
- India's share of global greenhouse gas emissions has increased to 7.5% in 2022.
- The government's ability to attract private investment and address negative spillovers from decarbonization will determine India's credit exposure to carbon transition and social risks.
- India has expanded its renewable energy capacity, but decarbonization in transportation and the wider economy has been slower.
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