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Startup News
Inc42
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Satcom Spectrum To Be Allocated Administratively But Not Free: Telecom Minister
- Telecom minister Jyotiraditya Scindia said that satcom spectrum will be allocated administratively but will come at a cost.
- The cost of spectrum and the formula of allocation will be decided by the Telecom Regulatory Authority of India (TRAI).
- Satellite spectrum is shared spectrum and cannot be priced individually.
- Bharti Enterprises chairman Sunil Mittal urged the Centre to govern the satcom space under the same rules as the telecom sector.
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TechCrunch
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Keep’s AIOps platform helps ops teams reduce alert fatigue
- Keep is an AIOps platform that helps ops teams reduce alert fatigue.
- The platform uses AI models to deduplicate and correlate alerts, reducing notification overload.
- It aggregates data from monitoring tools, prioritizes alerts, and assists in issue diagnosis.
- Keep recently announced a $2.5 million pre-seed funding round led by Runa Capital.
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TechCrunch
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Why Gusto has stayed focused on serving small businesses
- Payroll and benefits startup Gusto has stayed focused on serving small businesses despite the challenges in the market.
- The founders of Gusto personally experienced the difficulties of payroll management in their own small businesses before starting the company.
- Gusto has actively sought customer feedback and built its product based on the needs of small businesses.
- With over 300,000 customers, Gusto remains dedicated to serving the fragmented market of small and medium-sized businesses.
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TechBullion
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Most Innovative European and British Start-ups to Take Over Dubai this October with their Largest Presence ever at Expand North Star
- Expand North Star, the world’s largest start-up event, is set to gather over 2,000 start-ups in Dubai Harbour, with 400 European and UK start-ups joining the exhibition from 13-16 Oct, 2024, for its 9th edition.
- Expand North Star is part of GITEX GLOBAL, and exhibiting start-ups will showcase their solutions and real applications, including Agritech, Artificial Intelligence, Climate Tech, Fintech, Health Tech, etc.
- 40 German start-ups will be debuting this year at the show, followed by Ireland, Poland, Latvia, Austria, and Portugal, and UK is leading with 50 start-ups on their flagship stand.
- The UK is home to over 150 unicorns and 25,000 funded start-ups, many of which are poised to scale up, making it the third most valuable start-up ecosystem globally.
- European start-ups experienced 31% growth in funding in Q2, 2024, reaching almost $16 billion.
- 50 of the UK's fastest-growing technology companies are expected to participate in the delegation. There is much interest in exploring expansion into the UAE
- More than 1,200 global investors and venture capitalists are expected to attend the event.
- The Supernova Challenge, the world’s largest pitch competition with a $200,000 cash prize is expected to be part of the event.
- Expand North Star will also connect the audience with over 65 global unicorns, including BitPanda from Austria and Climeworks in Switzerland, which are amongst some of the influential companies participating in the event.
- Expand North Star is the powerhouse start-up event inspired by GITEX GLOBAL, with together spearheading the world’s largest tech takeover in Dubai.
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TechBullion
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Expand North Star 2024: The world’s largest startup and investment event officially underway in Dubai
- Expand North Star 2024, the world’s largest startup and investment event, is officially underway in the UAE with over 1,800 exhibiting startups and more than 1,200 investors with assets under management (AUM) exceeding $1 trillion.
- This year’s edition is the largest and most international to date with over 100 countries participating, and features more than 59 leading unicorns with a combined valuation of $400 billion?
- In the opening day’s standout session, Dr. Sebastian Schäfer, CEO of House of Finance & Tech Berlin called for cross-continental collaboration between European nations, citing the vast untapped potential across the digital space.
- Another standout session of the opening day was looking at the Climate Tech Unicorns: Valuation, Volatility, and Venture Capital, where Sean O’Sullivan, Founder of US venture capital firm SOSV addressed the opportunities for startups looking to solve humanity’s existential crisis of climate change.
- Throughout the event, there will be events and speakers focused on the future of money, blockchain, creativity, and the planet.
- Tech Transfer 3.0, which converges leading research labs, visionary scientists, engineers, tech experts, and academics to demonstrate innovation from concept to real-world applications, will take place for the first time and welcom high-tech institutions including University College London, Johns Hopkins University and MIT.
- Meanwhile, Supernova Challenge 2.0 presents the best startups from Europe, Asia, and Africa and will take place as part of GITEX GLOBAL 2024, the world’s largest and best-rated tech and startup event.
- GITEX YouthX Unipreneur is a programme designed to connect the UAE’s youth with Dubai’s economic agenda.
- DWTC has hosted over 6,000 events, with an estimated economic output of AED 248 billion, attracting over 38 million business visitors to Dubai.
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Inc42
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433
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IndiGo Gets SEBI Nod To Float VC Arm To Back Startups
- IndiGo has received SEBI’s nod to float its venture capital (VC) arm IndiGo Ventures.
- IndiGo Ventures aims to invest in startups in the aviation and allied industries.
- The VC firm will provide startups with market insights, regulations, and technology besides investment.
- Indian startups raised $8.7 Bn across 766 deals in the first nine months of this year.
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Medium
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Coen Jonker (TymeBank) on building a multi-country emerging markets digital bank from South Africa…
- Coen Jonker, Co-Founder and Executive Chairman of TymeBank, discusses their scale-up journey from South Africa into the Philippines to build a multi-country digital bank for emerging markets.
- TymeBank initially focused on serving the unbanked and underserved populations of South Africa but later expanded to cater to all customer segments.
- The company aims to provide true financial inclusion by offering customers the products they need at the right time, empowering them to achieve their economic potential.
- TymeBank's future plans include expansion into Indonesia, Vietnam, and other emerging markets, showcasing the present reality of a digital-first approach to banking.
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Inc42
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Tally Solutions Partners Kerala Startup Mission To Enhance Technology Adoption Among Startups
- Tally Solutions has partnered with Kerala Startup Mission (KSUM) to enhance technology adoption among startups.
- The collaboration aims to offer business management solutions and learning sessions on topics like customer retention, competition analysis, and growth strategies.
- The partnership also focuses on technology training for emerging businesses and aims to foster a robust ecosystem for innovation.
- KSUM, Kerala's nodal agency for startups, provides resources and support for the startup ecosystem.
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Inc42
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After Job Cuts, Aakash Shuts Digital Classroom Programme
- Coaching chain Aakash Educational Services Limited (AESL) has shut down its digital classroom programme.
- The company integrated its employees from the Aakash Digital Classroom Program (AD-CRP) with its sales system.
- More than 750 employees joined Aakash's digital classroom programme from BYJU'S.
- Aakash has been facing layoffs, with retrenchments impacting associates, senior managers, and managers.
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Inc42
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WhatsApp Blocked 84.5 Lakh+ Indian Accounts In August 2024
- WhatsApp banned over 84.58 Lakh Indian accounts in August 2024.
- Bans were due to violations of terms of service, user grievances, and orders from the grievance appellate committee.
- 16.61 Lakh accounts were proactively removed using machine learning tools.
- WhatsApp received 10,707 user complaints, taking action on 93 cases.
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Yourstory
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Heavy rain disrupts food delivery and hyperlocal services in Bengaluru
- Heavy rain in Bengaluru disrupts food delivery and hyperlocal services.
- Cloud kitchen platform FreshMenu witnesses 30% de-growth.
- Dine-in options experience a 50% decrease in foot traffic.
- Quick commerce platforms like Swiggy and Blinkit partially disrupted.
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Geek Wire
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Seattle startup raises $1.25M for electric bike used on golf courses
- Seattle startup Fairway Bikes has raised $1.25 million in seed funding to develop its electric bike designed for golfers.
- The 3-wheeled golf e-bike aims to speed up the pace of play and provide exercise for golfers on the course.
- Fairway Bikes has partnerships with three golf courses in Washington state and has interest from over 50 courses.
- The funding will be used to ramp up production, and the company has added Rad Power Bikes co-founder Ty Collins as an advisor.
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Cloudblog
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Founders share five takeaways from the Google Cloud Startup Summit
- The Google Cloud Startup Summit showcased AI startups leveraging Google Cloud and their transition from experimentation to production.
- Google Cloud CEO Thomas Kurian emphasized commitment to helping startups grow and providing infrastructure and AI advances.
- Founders highlighted the impact of using Google Cloud and NVIDIA technologies, the value of a diverse array of models in Vertex AI, and the acceleration of development with Vertex AI.
- Startups can leverage Google Cloud's advanced security measures and benefit from AI education and collaboration programs.
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ISN
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US-based IBM acquires Bengaluru-based SaaS startup Prescinto; Here's why
- US-based IBM has acquired Bengaluru-based SaaS startup Prescinto, which provides asset performance management software-as-a-service (SaaS) for renewables.
- Prescinto's AI-driven solutions address the challenges of managing complex renewable energy systems by offering real-time tracking, monitoring, and identification of issues.
- The acquisition enhances IBM's Maximo Application Suite (MAS) and strengthens its position in the energy and utility industry.
- Prescinto, with operations in 14 countries and 16 gigawatts of energy assets under management, provides robust data capture, real-time monitoring, AI-driven analysis, and actionable recommendations for renewable energy projects.
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Hackernoon
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Startups of The Year: Melbourne Startup Interview
- Melbourne startup interview for HackerNoon's Startups of The Year 2024 awards.
- Nominee seeks votes and shares voting links for different categories.
- Startup highlights its unique qualities and impact on Melbourne.
- Plans for future growth and participation in HackerNoon's Startups of The Year awards explained.
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