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Startup News
Inc42
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Paisabazaar Building Offline Distribution Channel To Fuel Secured Lending Play
- Paisabazaar, owned by PB Fintech, is building an offline distribution channel to strengthen its secured lending portfolio.
- The company has deployed a field team of 100 people in Delhi, Mumbai, and Bengaluru, targeting secured credit products like home loans and loans against property.
- Paisabazaar aims to expand the on-field team to 500 by this fiscal year and increase the secured credit share in the company to 50% from 15% last fiscal.
- This move aligns with regulatory efforts to enhance security and compliance in India's lending ecosystem.
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Eu-Startups
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192
Swiss startup Albatross bags €3 million to transform user engagement with AI-driven personalization
- Swiss startup Albatross has secured €3 million in funding in a round led by redalpine and with participation from Daphni.
- Albatross aims to transform user engagement in eCommerce, media, and online marketplaces using AI-driven personalization.
- The company's solutions address the problem of high churn due to outdated recommendations and offer real-time, dynamic user journeys.
- Albatross utilizes deep learning, multi-armed bandits, and reinforcement learning to optimize user experiences and drive conversions.
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Startus
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348
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Develop Your PoC with Iberdrola Wind Measurement for Turbine Assessment Challenge!
- Iberdrola Wind Measurement for Turbine Assessment Challenge aims to identify startups with innovative wind measurement technology.
- Iberdrola, a global renewable energy company, is inviting startups to optimize turbine performance and collect precise wind data.
- The challenge offers a fully funded pilot project, expert support, commercial opportunities, and potential investment for selected startups.
- Applicants should provide solutions that meet specific criteria related to technology, measurements, deployment, and campaign fulfillment.
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Inc42
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Amid Regulatory Tangles, Ola Taps EY India To Boost Customer Service
- Ola Electric has partnered with EY India for a service transformation to address after-sales service challenges, customer complaints, and falling sales volumes.
- EY will provide advice on streamlining business operations and improving spare parts stocking and inventory management.
- Nearly a dozen EY executives have joined Ola Electric on a three-month deputation to manage immediate challenges and set up improved processes and systems.
- The move comes after viral images of unused Ola Electric vehicles and a surge in customer complaints, leading to scrutiny and a show cause notice by the Central Consumer Protection Authority.
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Yourstory
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1.4k
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upGrad co-founder Mayank Kumar steps down to launch new venture
- Mayank Kumar, Co-founder and Managing Director of upGrad, has stepped down from his operational role as MD.
- Ronnie Screwvala, Co-founder and Chairperson of upGrad, will be taking on a more hands-on role at the edtech company.
- Kumar will remain involved in upGrad's strategic decisions while working on his new venture that focuses on helping skilled Indian blue-collar workers find career opportunities abroad.
- upGrad is nearing the completion of a $50-$60 million funding round and preparing for an IPO in the near future.
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Medium
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4
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Plaid CEO Zach Perret: Plaid’s Next Chapter in the AI Era, Fintech Spring and Keys to Fintech…
- Plaid CEO Zach Perret discusses Plaid's new chapter in the AI era and keys to fintech.
- Plaid has become ubiquitous in the fintech industry, building the connective tissue for modern fintech.
- Plaid introduces new products like Plaid Check, Plaid Beacon, and Plaid Layer.
- Zach shares insights on Plaid's hiring philosophy, growth as a founder, and advice to GenAI founders.
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Eu-Startups
4w
93
London-based Diesta gets €3.5 million to transform the way insurance companies process B2B premium payments
- London-based B2B SaaS company, Diesta, has raised €3.5 million in a seed funding round led by FinTech Collective.
- Diesta aims to revolutionize payment operations for the insurance industry.
- The company's platform brings efficiency to the fragmented and manual processes of premium payments.
- With the new funding, Diesta plans to expand its presence across the UK, Europe, and the US, and enhance its platform with AI-driven integrations.
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Startupreporter
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Diphtheria in Pediatric Populations- Understanding the Recent Outbreaks in India
- Diphtheria is a serious public health concern, particularly among children, and recent outbreaks in India have raised concerns.
- It primarily affects the throat and upper airways, producing a toxin that can cause severe complications, including damage to major organs.
- Early diagnosis and prompt treatment involving administration of diphtheria antitoxin and antibiotics are essential to reduce complications and fatalities, particularly in pediatric patients.
- The cornerstone of diphtheria prevention is vaccination, which is included in the routine immunization schedule for children in India and involves booster doses given at recommended ages.
- India experienced diphtheria outbreaks resulting from factors, such as low coverage of booster doses, decline in immunity, compromised vaccination during the COVID-19 pandemic, and antibiotic resistance.
- The government and private healthcare sector need to ensure that vaccination programs are reinforced, particularly in areas experiencing interruptions during the pandemic.
- Awareness campaigns about the importance of timely vaccinations are critical in rural areas, where immunization rates tend to be lower, and misinformation about vaccines can spread.
- Communities play a vital role in preventing diphtheria outbreaks, ensure children receive recommended vaccinations on time, practice good hygiene during outbreaks, and seek early medical attention.
- Healthcare providers such as pediatricians and family doctors have a responsibility to ensure children receive scheduled doses vaccines and conduct early diagnosis and report suspected cases promptly.
- Preventing further outbreaks and protecting children from diphtheria requires coordinated efforts between the government, healthcare providers, and communities.
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TechCrunch
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263
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Support automation firm Capacity grows with new cash and acquisitions
- Support automation firm Capacity has raised an additional $21 million, bringing its Series D funding round to $26 million.
- Capacity has also acquired three companies: Lucy, Linc, and Envision, to further expand its offerings in customer service automation.
- Capacity's platform utilizes AI to automate support tasks and provide a seamless customer experience.
- The funding will be used to grow Capacity's team and enhance its product portfolio, with a focus on becoming a leading provider of AI-powered solutions.
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Siliconcanals
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35
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UK-based Diesta secures €3.4M to streamline B2B premium payment processing for insurance companies
- London-based Diesta secures €3.4M in Seed funding round.
- Funding round led by FinTech Collective (FTC), with participation from Commerce Ventures, Restive Ventures, and SixThirty.
- Diesta aims to streamline premium payment processing for insurance companies and tackle inefficiencies in the industry.
- The funds will be used to expand across the UK, Europe, and the US and enhance the platform with AI-driven integrations.
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Startup Pedia
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RBI Governor Shaktikanta Das Praises Growth of Indian Startups
- RBI Governor Shaktikanta Das praises the growth of Indian startups.
- He highlights India's world-class digital public infrastructure as a key enabler.
- India currently ranks as the world's third most vibrant startup ecosystem with over 140,000 recognized startups.
- Das warns about financial stability risks posed by heavy reliance on AI and ML.
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Medium
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232
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About Ivory Towers
- Building HR initiatives should involve principles of product discovery and iteration, requiring employee research and a clear understanding of the problem at hand.
- People teams ought to validate the problem they wish to solve before building anything, using tools such as interviews, surveys and journey mapping.
- Defining success metrics and brainstorming solutions with employees from various departments and levels are two other important steps.
- Prototyping initiatives gives people teams the ability to test multiple ideas before implementing them on a large scale.
- Most people initiatives are living documents and should evolve over time to stay relevant and grounded in reality.
- By using a product design and product management approach to HR initiatives, people teams can ensure their resources are not wasted on useless endeavors.
- The focus should be on shipping what is truly needed as opposed to blindly following 'table stakes' and 'best practices' without validating their necessity first.
- Failing to understand the problem can lead to wasted resources and a product that doesn't resonate with the organization or its employees.
- Product Managers should manage for product risks, which include product viability.
- To avoid getting stuck in an ivory tower, people teams should focus on delivering People Experiences and Products with clear problem statements and carefully measured impact.
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Yourstory
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111
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India's 377M Gen Zs add $860B to country's overall consumer expenditure: Report
- India's Gen Z population, with 377 million people, has a collective spending power of $860 billion, accounting for 43% of India's total consumer expenditure.
- Gen Z's spending power is projected to reach $2 trillion by 2035.
- Direct spending currently stands at $200 billion, with 1 out of every 4 Gen Zs in the workforce, and is projected to reach $1.8 trillion by 2035.
- While 45% of businesses acknowledge Gen Z's potential, only 15% have actively leveraged these insights, presenting brands with an opportunity to engage with this generation shaping India's consumer future.
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Startupreporter
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Sushma Bengani’s Journey: From Passionate Artist to Renowned Art and Furniture Curator
- Sushma Bengani's brand, IQONIQE Art, specializes in curated art collections, furniture, and customized artistic solutions.
- Sushma started as a canvas artist and evolved into creating bespoke furniture, blending creativity with functionality.
- IQONIQE Art stands out with its personalized approach, willingness to experiment, and commitment to excellence.
- The brand's name signifies the blend of intelligence and creativity, offering unique and unparalleled art pieces.
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Yourstory
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31
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Senior care startup Primus raises $20M in seed round from General Catalyst, Nikhil Kamath, and Gruhas
- Senior care startup Primus has raised $20 million in a seed funding round led by General Catalyst.
- The funding will be used to develop a comprehensive eldercare platform that offers healthcare, wellness, lifestyle, and social engagement services.
- Primus aims to enable elders to age with dignity and maintain a high quality of life in their own homes.
- The company is also building intergenerational communities to foster meaningful relationships and cater to evolving needs of seniors.
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