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Startup News
Startupreporter
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Dr. Annie Stanley Thakore- A Visionary Leader’s Journey to Success
- Dr. Annie Stanley Thakore, Group CEO of Pranaam Hospitals, is a visionary leader in the healthcare sector with extensive qualifications.
- Under her dynamic leadership, Pranaam Hospitals has flourished, expanding its services and maintaining a commitment to patient-centered care.
- She has implemented world-class healthcare practices and policies, resulting in strategic collaborations and continuous growth.
- Dr. Annie Stanley Thakore remains committed to advancing healthcare quality and shaping the future of healthcare delivery in India.
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VIE Stories
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Zerodha establishes $1-million annual open source software fund
- Zerodha, a stockbroking platform, has established a $1 million annual fund for Free/Libre and Open Source Software (FOSS/FLOSS) organizations.
- The fund aims to provide financial assistance to FOSS projects globally, with an initial commitment of $1 million.
- Zerodha has been utilizing FOSS stack for a long time to develop financial technology products and services.
- The company plans to allocate $10,000 to $100,000 to various projects and may increase the funding in the future.
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Yourstory
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Amazon, Starlink execs caution government on spectrum pricing, regulations
- The pricing of air frequencies used by satellite companies have snowballed into a full-blown battle in India, with billionaires Mukesh Ambani and Sunil Bharti Mittal on one side and Elon Musk and Jeff Bezos on the other.
- Airtel Chairperson Sunil Bharti Mittal said that satellite companies should buy spectrum in the same manner as mobile network operators if they go after the urban, well-off subscribers.
- Reliance Jio has been strongly opposing the government’s move to assign spectrum to satellite communication companies without auction while Bharti Group, has pressed for administrative allocation of satellite spectrum.
- If the government prices the airwaves used for satellite communication services higher, the satellite communication companies will be compelled to go after the urban and connected subscribers.
- On spectrum pricing, the universal model that administrations are adopting is a cost recovery model. Citing ITU data, Amazon Kuiper business head said there is a need for $488 billion to connect and bridge the digital divide.
- David Goldman, Head, Satellite Policy, SpaceX, who was one of the panelists at the IMC session, said that satellite spectrum is a shared resource, and thus it can’t be auctioned.
- Goldman cautioned the government that for satellite operators to succeed, it is important for the government and the regulator to encourage operators to coordinate spectrum usage.
- Goldman said Starlink has launched a new service, direct to cell (D2C), wherein the mobile users can connect with satellites in case they go out of mobile network coverage area.
- The company doesn’t offer direct to cell services on its own. Starlink partners with a telecom service provider to offer the service.
- As of now, the direct to cell service only allows text messaging, WhatsApp, and voice.
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Inc42
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AGNIT Semiconductors Nets $3.5 Mn Led By 3one4 Capital
- Bengaluru-based AGNIT Semiconductors has raised $3.5 Mn in a seed funding round led by 3one4 Capital and Zephyr Peacock.
- The funding will be used to promote its chips into volume production in the defence market and expand into consumer-focused use cases.
- AGNIT Semiconductors specializes in Gallium Nitride (GaN) semiconductor technology and aims to sell 100,000 chips this year.
- The Indian semiconductor sector is expected to become a $150 Bn market by 2030.
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Yourstory
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AGNIT Semiconductors bags $3.5M in seed round co-led by 3one4 Capital and Zephyr Peacock
- AGNIT Semiconductors raises $3.5 million in seed round co-led by 3one4 Capital and Zephyr Peacock.
- The funding will be used to scale production and expand into new segments.
- AGNIT aims to sell 100,000 semiconductor chips within the next 12 months.
- The company is recognized for its GaN semiconductor technology and has signed an MoU with the Ministry of Defence.
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TechCrunch
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Accel eyes stake in India’s Truemeds at $330 million valuation
- Accel is reportedly in advanced discussions to lead a funding round of $30-40 million in Indian online pharmacy, Truemeds.
- The proposed valuation for Truemeds is around $330 million.
- The deal is not yet finalized and the terms may still change.
- Truemeds aims to disrupt the supply chain of medicine by eliminating middlemen and reducing medication costs.
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VIE Stories
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[Funding News] Budy Secures $4.2 Million in funding round led by RTP Global
- California-based Budy has raised $4.2 million in funding round led by RTP Global.
- The startup plans to use the funds to accelerate the development and training of its AI capabilities.
- Participating investors include Beenext, The Neon Fund, and angel investors Abhinav Asthana, Raju Reddy, and John Hayes.
- Budy aims to simplify sales and marketing procedures for businesses while reducing operational complexity.
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StartupDaily
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Atlassian’s Scott Farquhar sold the house next door to his cofounder for $130 million
- Atlassian cofounder Scott Farquhar has sold his waterfront mansion, Elaine, next to his cofounder's house for $130 million.
- Farquhar and his wife bought Elaine for $71 million in 2017 and had plans for its redevelopment, but objections from the neighbour may have influenced the sale.
- The buyer, an unnamed local, could use previous redevelopment plans or take advantage of the site's zoning to build luxury apartments.
- The sale not only brings a handsome ROI for Farquhar but also delivers $9 million in stamp duty to the NSW government.
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Medium
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Anti-Portfolio: Angst or Joy
- Anti-portfolio is the set of opportunities which were missed and turned out to generate high returns.
- Key learnings from reviewing an anti-portfolio include avoiding past mistakes and considering factors like team strength and market focus.
- The role of luck is acknowledged, but it is believed that luck comes consistently to those who have worked hard and are prepared for opportunities.
- By learning from experiences and refining investment strategies, investors can be better positioned for future opportunities.
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Gritdaily
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How CEEK’s Web3 Platform Is Redefining Content Monetization
- Traditional platforms are struggling to meet the evolving needs of creators, many of whom are left with shrinking revenues and limited opportunities.
- Web 2.0 platforms were designed primarily to generate revenue for themselves, not for the creators who fuel them.
- The CEEK platform is built to empower creators and how they connect with their audiences.
- Direct monetization is at the core of CEEK’s ecosystem, offering a suite of tools for creators to earn from their fanbase, expertize, and content.
- CEEK empowers creators to receive payments through mobile money and virtual currencies, ensuring they can monetize their content even in regions where PayPal or traditional payment methods are unavailable.
- CEEK distributes content across a wide range of immersive devices, including Meta Oculus, Apple Vision Pro, HTC Vive, and Smart TVs.
- CEEK goes beyond just distribution by integrating AI-powered tools that enhance content creation and personalization.
- CEEK offers a solution with its Web3-based monetization models that provide creators with direct revenue streams.
- CEEK’s innovative model shifts the digital economy toward a more creator-friendly and sustainable approach, offering creators diverse and scalable ways to monetize their content without being limited by ad revenue.
- CEEK is paving the way for the next billion users by providing creators with the tools they need to build sustainable revenue streams, expand their reach, and deliver impactful fan experiences.
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Inc42
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Tata Electronics Gets Show Cause Notice Over iPhone Plant Fire
- The Tamil Nadu government issues a show cause notice to Tata Electronics following a major fire at its iPhone manufacturing plant in Hosur.
- The notice seeks an explanation from the company within a week regarding the incident.
- The fire broke out due to the failure of the thermostat control at the anodising plant.
- Apple sent a Supplier Responsibility team to evaluate the situation at the plant.
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Yourstory
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Quick commerce to contribute $1B in GMV during festive season: Shiprocket
- Shiprocket expects quick commerce to contribute $1 billion in GMV during the festive season.
- Shiprocket projects the festive ecommerce market to grow 23% to $12 billion.
- Growth will be driven by demand in high traction categories and influence of AI-driven recommendations and social media influencers.
- 60% of online festive orders are expected to originate from non-metros this year.
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Inc42
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TRAI Calls For Structured Regulation Of OTTs
- TRAI calls for structured regulation of OTTs like WhatsApp, Telegram, and Signal following security concerns flagged by law enforcement agencies and telecom operators.
- They believe that OTT communication services should be subject to structured regulations to address regulatory issues while maintaining a fair and competitive market.
- The Department of Telecommunications and TRAI have had limited success in checking spams and online scams on OTT platforms.
- This comes after concerns were raised by industry bodies about the exclusion of OTT platforms from the proposed new service authorisation framework.
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Startus
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Raise Series A/B Funding For Your Deep Tech Solution: EIT Digital Champions 2025 Application Is Now Open!
- EIT Digital Champions 2025 is now accepting applications for deep tech scaleups.
- 50 finalists will have the chance to pitch their businesses to venture capital investors.
- Winners will receive access to a 12-month Growth Services Program and networking opportunities.
- Eligible companies must be incorporated after January 1, 2015, with scalable products and meet revenue or funding requirements.
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Inc42
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TAC Infosec CEO On The Post-Listing Acquisition Playbook, AI Opportunity
- TAC Infosec, the cybersecurity company that recently listed on the NSE Emerge, has seen its share price more than double and has doubled its customer base since going public. Founded in 2016, the Indian cybersecurity innovator provides risk-based vulnerability management and assessment solutions. Its clients include HP, Toshiba, BlackBerry, and the Bombay and National Stock Exchanges. TAC Infosec has maintained strong cash flow and remained profitable, though it has seen explosive growth since its listing. TAC founder and CEO, Trishneet Arora, has discussed the firm's goal to become the biggest vulnerability management company and its vision of reaching 10,000 customers by 2026.
- TAC's customer base doubled after the cybersecurity innovator went public on the NSE Emerge.
- Former seed investor Vijay Kedia helps TAC remain profitable and cash positive.
- Before going public, TAC had already taken on clients including HP, Toshiba, and BlackBerry.
- TAC has since acquired two companies to broaden its presence in the US and the UAE.
- Founder and CEO Trishneet Arora says the firm's ultimate goal is a Nasdaq listing.
- Arora has also discussed the threat posed by AI to cybersecurity and says AI must be utilised by cybersecurity firms to mitigate risks.
- The company's biggest market is the US, where over 50% of its customers are based.
- Despite exponential growth, Arora says TAC has been focusing on maintaining the trust of clients, partners and staff.
- TAC Infosec's goal is to onboard 10,000 customers by 2026.
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