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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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120
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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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Medium
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156
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What goes on the “Traction” slide in the pitch deck of an early-stage startup?
- The 'Traction' slide in the pitch deck of an early-stage startup should show how the company is progressing.
- Highlight the milestones achieved towards product-market fit (PMF) and demonstrate the go-to-market (GTM) strategy in action.
- Emphasize the value that the product is already delivering by putting data in context.
- Measure PMF by reaching a significant ARR dollar value, typically around A$1 million, and evaluate lead conversion and retention.
- Measure GTM fit by generating high-quality leads from a primary and scalable channel, and ensuring a predictable and filled pipeline with the right prospects and decision makers.
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Insider
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Security threats to AI models are giving rise to a new crop of startups
- Startups like Opaque Systems, Hidden Layer, Credo AI, and Zendata are addressing security threats to AI models.
- AI models trained on massive datasets can pose security and privacy risks, particularly for companies in regulated industries like finance and healthcare.
- These startups offer solutions such as confidential computing platforms, AI governance, data leakage prevention, and continuous monitoring of AI systems.
- Adversarial attacks and prompt injections are among the growing concerns being addressed through AI red-teaming and continuous evaluation.
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Inc42
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383
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Over 10K Entities Whitelist 2.75 Lakh URLs After TRAI Directives
- Over 10,000 business entities have whitelisted more than 2.75 Lakh URLs in compliance with TRAI directives.
- TRAI's August 20 directives mandated telecom operators to stop transmitting unwhitelisted URLs, APKs, and OTT links.
- TRAI has taken actions such as blacklisting entities and mobile numbers to enforce whitelisting compliance.
- TRAI has collaborated with agencies like RBI, SEBI, and IRDAI to tighten control over commercial communications.
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Yourstory
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379
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Navigating India’s evolving fintech regulatory framework
- India's fintech market is projected to touch $150 billion by 2025 and total addressable fintech market by 2025 is anticipated to reach $1.5 trillion.
- The RBI, SEBI, NPCI, and IRDAI are responsible for overseeing diverse areas of the fintech world and have created a comprehensive set of regulations and guidelines.
- The governing bodies are crucial in ensuring regulatory compliance, collaboration, and interoperability.
- KYC (know your customer) and CKYC (central KYC) rules are imperative for fintech companies to comply with to prevent money laundering, terror financing, and allied financial crimes.
- The Ministry of Electronics and Information Technology has a vital role in overseeing the digital aspects of fintech firms in India.
- PMLA requires fintech players to prevent any money laundering activities by ensuring compliance with AML (anti-money laundering) norms.
- Regulatory compliance with statutory fintech laws remains indispensable for nurturing trust, transparency, and integrity in the Indian fintech universe.
- RBI is empowered to regulate and oversee payment systems in India and mandates compliance with standards covering consumer protection, security, and systemic stability.
- The Digital Personal Data Protection Bill mandates certain obligations that fintechs must follow while collecting, storing, and processing any personal data to ensure user consent and data security.
- PMLA requires fintech players to report suspicious transactions that may potentially be linked either to terrorist financing or money laundering.
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Yourstory
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740
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Zoomcar announces debt restructuring with focus on financial stability
- Zoomcar, the self-drive car sharing platform, is undergoing debt restructuring to reduce its outstanding debt of approximately $31 million.
- The company has negotiated with lenders and vendors to reduce 75% of their immediately payable debt, either allowing a deferred payment schedule of up to 24 months or reducing payouts by up to half in the short term.
- The debt restructuring aims to decrease cash outflow and invest in strategic initiatives for long-term sustainability and value for all stakeholders. Zoomcar plans to finish the exercise by November 2024.
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Yourstory
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685
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Ericsson to expand R&D base in India, focuses on AI, 6G development
- Swedish telecom gear maker Ericsson plans to expand its R&D base in India, focusing on AI and 6G development.
- India is a key market for Ericsson, and the company has been manufacturing in India since 1994.
- The R&D teams in Chennai, Bengaluru, and Gurugram will work on programmable/API capabilities for advanced use cases and more secure network interfaces.
- India is one of the front runners in 5G technology, with significant infrastructure development and network performance improvements.
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Inc42
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804
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Optimized Electrotech Bags INR 25 Cr Grant From Centre
- Defence tech startup Optimized Electrotech has received a grant of INR 25 Cr from the Indian government.
- The grant was awarded as part of the ADITI 1.0 iDEX-DIO Challenge, initiated by the Defence Space Administration under the iDEX programme.
- Optimized Electrotech plans to use the grant to develop defence solutions aligned with India's modernization goals.
- The startup offers AI-infused surveillance solutions that enable applications such as smart city surveillance and border security.
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Inc42
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968
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Urban Company Forms JV To Fuel Saudi’s Home Service Business
- Urban Company has partnered with SMASCO to establish a joint venture called Waed Khadmat Al-Munzal for Marketing Co. to launch a new home services platform in Saudi Arabia.
- The JV aims to enhance the domestic service landscape in Saudi Arabia by combining Urban Company's technology expertise with SMASCO's manpower resources.
- SMASCO is a technology marketplace for home services, offering over 765 professional services in more than 55 cities and provinces.
- Urban Company recently reported a 70% reduction in losses in FY24 and secured funding from Prosus and Dharana Capital.
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Inc42
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827
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Primus Senior Living Nets $20 Mn Led By General Catalyst
- Eldercare startup Primus Senior Living raises $20 Mn in seed funding round led by General Catalyst.
- The funding will be used to build a comprehensive eldercare platform catering to healthcare, wellness, lifestyle, and social engagement.
- Primus aims to create a vibrant ecosystem for seniors, providing care, connection, and purpose.
- The Indian elderly care market is projected to reach $72 Bn by 2030, presenting a significant entrepreneurial opportunity.
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Yourstory
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877
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Licious pares FY24 losses by 44%; revenue slides 8% to Rs 685 Cr
- Omnichannel meat and seafood retailer Licious narrowed its FY24 losses by 44% to Rs 293.77 crore.
- The company reported a revenue of Rs 685.05 crore in FY24, an 8% decline from the previous year.
- Closure of distribution channels and deprioritizing exposure to modern trade and local stores contributed to the revenue decline.
- Licious plans to focus on owned channels for distribution and aims to achieve EBITDA breakeven by the end of this year.
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ISN
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Aditya Birla Housing Finance partners with BharatPe to revolutionize secured lending
- Aditya Birla Housing Finance partners with BharatPe to revolutionize secured lending
- ABHFL partners with BharatPe to offer streamlined access to secured lending through digital solutions
- Collaboration aims to reach merchants in Tier 2 and Tier 3 markets
- Merchants can access loan products through the BharatPe app, leading to a user-friendly and efficient experience
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ISN
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1.3k
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BharatPe's revenue rises 39% rise to Rs 1,426 crore in FY24; losses decline by 50%
- New Delhi-based fintech firm BharatPe reports a 39% rise in operating revenue for FY24, reaching Rs 1,426 crore.
- Losses decline by 50%, with consolidated loss before taxes dropping to Rs 474 crore in FY24.
- BharatPe expands its product offerings, rebrands PostPe app, ventures into secured lending.
- Future focus on scaling lending vertical, introducing new services, and expanding credit offerings to SMEs and the consumer market.
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