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Startup News
VIE Stories
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236
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[Funding News] Gut wellness brand Lifechart Secures $500K in seed round
- Gut wellness brand Lifechart has secured $500K in a seed round of funding.
- $250K was donated by Prajay Advisors LLP, with the rest of the funds coming from Agility Ventures, Expert Dojo, and a group of angel investors.
- The new investment will be used to expand Lifechart's AI capabilities, introduce diagnostic tools, and build its brand in tier 1 cities.
- Lifechart aims to address gut health problems in India and plans to launch plant-based microbiome-focused products and health packages.
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Eu-Startups
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258
London-based Neuphonic raises €3.5 million to transform Voice AI with text-to-speech solution
- London-based startup Neuphonic has raised €3.5 million in pre-seed funding to revolutionize Voice AI with its fast text-to-speech technology.
- The funding round was led by Moonfire VC and saw participation from Tiny VC, Salica Oryx Fund, and Cur8 Capital.
- Neuphonic's patent-pending algorithm enables real-time, incremental speech generation with ultra-low latency of just 25 milliseconds.
- The company plans to use the funds to expand its language capabilities and voice offerings, enhance model performance, and develop on-device solutions.
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TechRound
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240
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Top Unicorns in Poland
- Poland has a thriving startup scene, with more than 3,000 startups nationwide and an ever-growing number of VC firms. Poland has the 33rd-best startup environment in the world.
- Poland experienced a growth rate of 3.7% between 2012 and 2022 as opposed to 2.5% average across the rest of Eastern Europe.
- Warsaw is both the largest city in Poland and a major tech hub. Major cities including Warsaw, Wroclaw and Kraków have emerged as important startup hubs.
- Operational costs are fairly low in Poland, including costs for office space and general expertise. Furthermore, labour is pretty cheap while still being of high quality.
- Poland is both part of the European Union (EU) and has easy and convenient access to European markets more generally.
- The Polish government provides funding programmes and grants for startups including tax breaks, innovation subsidies, and incentives for research and development. The country also benefits from EU structural funds aimed at supporting technology, innovation, and entrepreneurship.
- Docplanner based in Warsaw, Poland is the country’s one and only unicorn, having reached its $1 billion valuation in September 2021. Docplanner provides an online booking platform in the healthcare sector that allows users to make doctors’ appointments, manage patients and calendars more generally.
- Poland’s universities have produced thousands of highly qualified graduates, especially in STEM (science, technology, engineering and mathematics) fields.
- The investment climate in Poland has grown significantly in recent years, with both domestic and international investors beginning to recognise the potential of Polish startups.
- The legal framework in Poland makes it easier than in other countries for entrepreneurs to start and run businesses. The country’s laws also provide IP protection, making it a safer environment for innovators and tech startups.
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Inc42
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437
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slice Gets Board Nod To Raise INR 71.73 Cr Via Partly Paid Up Shares
- Fintech startup slice has secured approval to raise INR 71.73 Cr through partly paid-up shares.
- slice's board passed a resolution to issue 22,000 equity shares at an issue price of INR 33,606 per share.
- The shares will be issued on a preferential basis through private placement.
- slice's parent entity posted a 60% jump in its consolidated net loss in the financial year 2022-23.
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VIE Stories
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107
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[Funding News] AGNIT Semiconductors Secures $3.5 Million in seed round co-led by 3one4 Capital and Zephyr Peacock
- AGNIT Semiconductors has secured $3.5 million in a seed round led by 3one4 Capital and Zephyr Peacock.
- The funding signifies the initial investment in the Indian semiconductor industry.
- AGNIT plans to expand production and commercial activities with the additional funds.
- The company aims to sell 100,000 semiconductor chips in the upcoming 12 months.
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SiliconCanals
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290
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Paris-based Welii rebrands to Najar; bags €15M to help companies with procurement and financial operations
- Paris-based Welii, a company specialized in modular, AI-driven procurement solutions, has rebranded to Najar and raised €15M in funding.
- The funding from 13books Capital, Portage, and TOMCAT will be used to expand the platform's capabilities in procurement and financial operations.
- Najar aims to provide businesses with strong financial infrastructures that support sustainable growth by offering end-to-end control of procurement processes.
- The company's platform optimizes purchasing, reduces costs, simplifies financial processes, and provides tools for structuring financial operations and fueling growth.
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SiliconCanals
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397
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UK-based voice AI startup Neuphonic secures €3.5M to build world’s fastest text-to-speech tech
- UK-based voice AI startup Neuphonic has raised €3.5M in funding to develop fast text-to-speech technology.
- The investment round was led by Moonfire VC and included participation from Tiny VC, Salica Oryx Fund, and Cur8 Capital.
- Neuphonic's text-to-speech algorithm offers real-time speech generation with an ultra-low latency of 25 milliseconds, making it the fastest in the world.
- The funds will be used to expand language capabilities, improve model performance, and develop on-device solutions.
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Yourstory
4w
312
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Aditya Birla increases stake in Wrogn to 33% with an investment of Rs 75 Cr
- Aditya Birla Fashion and Retail has increased its stake in Wrogn to 33% with an investment of Rs 75 crore.
- The investment was made through Aditya Birla's subsidiary, Aditya Birla Digital Fashion Ventures Limited.
- Wrogn, backed by Virat Kohli, experienced a revenue decline of about 30% in FY24.
- Aditya Birla Group aims to make Wrogn a leading brand in men's casual and activewear category.
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Startup Pedia
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124
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Elon Musk Wins Over Mukesh Ambani on India's Satellite Spectrum Battle
- Elon Musk praises India's decision to allocate satellite communication spectrum administratively, instead of auctioning.
- Musk indirectly takes a dig at Mukesh Ambani, who advocated for an auction route.
- India's Telecom Minister confirms adoption of global trend for administrative spectrum allocation.
- Satellite broadband market in India estimated to reach USD 1.9 billion by the end of the decade.
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Yourstory
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294
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GenAI in focus at NVIDIA AI Summit India: 8 sessions you should not miss
- The NVIDIA AI Summit India will focus on various GenAI applications and their impact in transforming industries and driving innovation across the country.
- Highlighted GenAI sessions include accelerating autonomous vehicle development with AI, advanced AI-based voice and text solutions for enterprise use cases, generative AI in enterprises from PoC to production, the future of AI in media & entertainment, the India opportunity for enabling AI/ML development, Walmart's competitive edge with generative AI, enhancing software-defined vehicle development with efficient generative AI, and building generative AI for a billion voices.
- These sessions will uncover the innovations shaping the future of industries in India and provide insights on how developers and businesses can harness AI for transformative growth.
- The NVIDIA AI Summit India will also include an exclusive fireside chat with NVIDIA founder and CEO, Jensen Huang.
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VIE Stories
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258
Image Credit: VIE Stories
$10 million fund established by Tetr College of Business for student entrepreneurs
- Tetr College of Business has established a $10 million fund, 'Tetr - Under 20', to invest in student entrepreneurs.
- The fund will focus on supporting 20 breakthrough projects in areas such as AI, emerging technology, and sustainability.
- Students who receive funding can choose to focus on their company or continue their education, and will have access to Tetr's global incubation network.
- The fund is led by industry professionals and investors, and startups will have the opportunity to pitch to venture capitalists and investors.
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Eu-Startups
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365
Paris-based Mendo raises €3.5 million to accelerate adoption of GenAI in companies
- Paris-based startup Mendo has raised €3.5 million in its second fundraising round.
- The funding will help Mendo expand its solutions and initiate international expansion.
- The round was led by UK-based fund Emerge Education, with support from Tomcat Ventures and other investors.
- Mendo aims to ensure the smooth and sustainable adoption of generative AI in companies.
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Startup Pedia
4w
1.9k
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‘This Tremendous Growth of the Digital Economy in India...,’ Mastercard Global CEO Sees Huge Scope
- Mastercard's Global CEO, Michael Miebach, sees huge scope for the digital economy in India.
- Mastercard is doubling down on its commitment to India's tech ecosystem by focusing on expanding credit access, commercial payments, and cybersecurity.
- Mastercard has recently established its largest global facility in Pune as part of its expansion plans in India.
- The company is investing in innovative payment solutions, such as biometric authentication and tokenization, to enhance security and convenience in e-commerce transactions.
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Yourstory
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2.3k
Image Credit: Yourstory
Former OKX CEO Jay Hao joins Indian blockchain startup CIFDAQ as co-founder
- Former OKX CEO, Jay Hao, has joined CIFDAQ, an Indian blockchain startup, as co-founder and global COO.
- CIFDAQ plans to launch a centralised crypto exchange and a wallet next month, prioritizing robust safety measures and high cybersecurity.
- Hao emphasizes the importance of user trust and a frugal approach for long-term profitability.
- CIFDAQ's growth strategy includes acquiring licenses from various jurisdictions and integrating gaming as a key part of their blockchain ecosystem.
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Inc42
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428
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Zodius Capital Exits OfBusiness With $100Mn Secondary Share Sale
- Zodius Capital has made a full exit from OfBusiness, a B2B marketplace, through a secondary share sale worth around $100-120 million.
- Zodius secured over $100 million in returns on its initial $8 million investment in OfBusiness.
- The stake held by Zodius was mainly sold to a group of high-net-worth individuals (HNIs) and family offices.
- OfBusiness, which provides raw material procurement and financing solutions to SMEs, is planning an IPO of up to $1 billion in the second half of 2025.
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