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VIE Stories
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[Funding News] Data Science Wizards Secures $1.4 Mn Seed Funding
- Data Science Wizards has secured $1.4 million in seed funding led by an angel investor.
- The funding will be used to expand and improve their deep-tech AI system, UnifyAI, and strengthen their workforce.
- Founded in 2019, Data Science Wizards aims to revolutionize industries with custom AI solutions.
- They also plan to launch industry-specific UnifyAI-based solutions for financial services, telecom, commerce, and manufacturing.
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Yourstory
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Hyundai Motor India's Rs 27,870 Cr IPO subscribed 9% so far on Day 1
- Hyundai Motor India's Rs 27,870 Cr IPO received 9% subscription on Day 1.
- The IPO received bids for 89,92,522 shares against 9,97,69,810 on offer.
- Retail Individual Investors subscribed to 15%, while non-institutional investors subscribed to 6%.
- This is the largest IPO in India, surpassing LIC's initial share sale of Rs 21,000 crore.
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Yourstory
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Making future-ready leaders: Why tech companies need storytelling and big-picture thinking
- Tech leaders need to adapt continuously in the evolving landscape of tech leadership.
- Hybrid leadership is crucial, focusing on both technological excellence and business strategy.
- Key traits for tomorrow's leaders include influence, visionary thinking, and mentorship.
- Storytelling is a powerful tool for attracting talent and building connections in leadership.
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Inc42
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Jio Emerges As World’s Fastest Growing 5G FWA Provider
- Reliance Jio claims to be the world’s fastest growing 5G fixed wireless access (FWA) provider.
- JioAirFiber has more than 2.8 Mn connections as of Q2 FY25.
- Jio aims to add over 1 Mn users every month to its 5G-based JioAirFiber and JioFiber broadband services.
- Reliance Jio saw a 7.4% YoY growth in average revenue per user (ARPU) to INR 195.1 in the September quarter.
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Inc42
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Delhi Police, Binance Join Hands To Bust Renewable Energy Scam
- Crypto exchange Binance and Delhi Police have partnered to dismantle a renewable energy scam.
- Multiple arrests were made and over 100,000 USDT in cryptocurrency assets were seized.
- The scam involved falsely claiming involvement in India's renewable energy expansion.
- The syndicate used social media, impersonation, and falsified reports to deceive investors.
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Eu-Startups
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Berlin-based Nomos raises €1.9 million to empower European businesses and consumers with dynamic electricity plans
- Berlin-based energy tech startup Nomos has raised €1.9 million in a pre-seed funding round led by Speedinvest.
- The funding will be used to grow Nomos' engineering team and expand its product offerings.
- Nomos provides an API solution for dynamic electricity plans, allowing OEMs and installers to offer comprehensive energy solutions without upfront costs.
- The company aims to disrupt the power structures in the energy sector and empower consumers and businesses with transparent and cost-effective energy products.
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Eu-Startups
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London-based investment firm 20VC raises its third fund sized at over €360 million
- London-based investment firm 20VC has closed its third fund, raising over €360 million.
- The fund is split into €114.7 million for Seed investments and $252.3 million for Series A funding.
- 20VC's unique structure includes three sub-funds: 20Sales, 20Growth, and 20Product.
- Key investors in the fund include MIT Investment Management Company, Horsley Bridge, and RIT Capital Partners.
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Yourstory
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Startup news and updates: daily roundup (October 15, 2024)
- Data Science Wizards raises $1.4M seed funding to enhance its AI platform and launch domain-specific solutions for various industries.
- D2C footwear brand Yoho secures Rs 27 Cr in pre-Series B funding for expansion and innovation.
- Traqo.io raises undisclosed pre-seed funding to scale its logistics management platform.
- IVCA to host GreenReturns Summit 2024 focusing on climate change and mobilizing capital for renewable energy.
- Aditya Birla Housing Finance partners with BharatPe to offer home loans and loans against property to BharatPe merchants.
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SiliconCanals
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France’s Engie to wind down Amsterdam’s EVBox group; this takeover bid is being considered
- French energy company Engie plans to wind down the entire EVBox group.
- EVBox, a Dutch electric vehicle charging station business, has posted losses of €800M since the acquisition by Engie.
- Engie received two takeover bids and decided to proceed with the proposal to take over EVTronic's operations.
- EVBox's closure will affect employees and branches in the Netherlands, Germany, and the USA, with only around 30 jobs retained.
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Insider
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A boba business storm is brewing, and a 'Shang-Chi' star is in the middle of it
- Simu Liu, star of 'Shang-Chi,' called out two Quebec entrepreneurs on an episode of 'Dragons' Den' who were promoting a new, supposedly healthier boba tea.
- Liu expressed concerns about the duo profiting off Asian culture and cultural appropriation.
- He questioned the lack of acknowledgment of boba's Taiwanese origins on their product packaging.
- The exchange on the show went viral on social media, with people accusing the brand of cultural appropriation.
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TechRound
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10 Startups To Watch In Sharjah, UAE
- Arcab is a platform for fleet management.
- Storically offers personalized books for children.
- Iyris provides smart growing technology for difficult climates.
- She is Arab is a professional network for Arab women.
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Eu-Startups
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Paris-based Stoïk raises €25 million Series B to expand its cyber insurance platform in Europe
- Paris-based cyber insurance leader Stoïk has raised €25 million in a Series B funding round led by Alven and featuring participation from investors including Andreessen Horowitz, Munich Re Ventures, Opera Tech Ventures, Anthemis, Cyber Integrity Capital (CYBICA), and Tokio Marine HCC International (TMHCCI).
- Stoïk plans to use the funding to strengthen its position in the European cyber insurance market for SMEs. It will focus on scaling the distribution of its managed EDR product, Stoïk MDR, through partner brokers and expanding its European footprint. The company also intends to introduce adjacent coverages and enhance its team with technical talent.
- Stoïk aims to continue growing in France, Germany, and Europe as a whole, and expects to have 5,000 policyholders and €25 million in premiums by the end of 2024. The company has attracted over 1,000 insurance brokers across France, Germany, and Austria with its comprehensive approach to cyber risk management.
- Stoïk's success is attributed to its tailored cyber insurance product, prevention platform Stoïk Protect, and in-house incident response team Stoïk-CERT. It also offers Stoïk MDR, a managed cybersecurity service that complements its insurance product and provides SMEs with affordable access to a managed SOC.
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Startup Pedia
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Blinkit Drops 'Zero Notice Period' Policy in Fear of Losing Valuable Employees to Rivals
- Blinkit has increased the notice period for its employees, aiming to retain key talent amidst growing competition in the rapid delivery space in India.
- The decision is a strategic move to prevent talent poaching from well-funded competitors and industry giants.
- By proactively retaining top talent, Blinkit intends to stay ahead in the competitive quick commerce industry.
- The intense competition in the quick commerce space is driven by the rapid growth of the industry and the expansion plans of various players.
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The Total Entrepreneurs
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Does Your Home Inspection Company Need A Website?
- A website is vital when it comes to generating interest in the field of home inspection.
- Home inspectors are advised to have an online platform since it greatly benefits them in generating interest.
- A well-designed website with the right keywords and local SEO can reach a broad local audience
- An effective website design using Navigation, landing page, testimonials, contact information can increase conversions.
- A professional website also helps in competing with other companies in the same industry.
- The right website navigation with business description, about us page, social media integration builds trust among users.
- Strong SEO tactics can allow any individual service page to stand out in gaining organic searches.
- High-end web designers are ready to work with clients to implement all essential design features for building a strong online presence.
- With the right website, home inspectors can convert online traffic into new clients and witness a significant increase in their reach.
- An impact-full website design can act as an attractive and informative conversation starter for potential clients.
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VIE Stories
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Best AI startups in India for 2025
- India's AI startups are rapidly transforming industries like healthcare, finance, and retail with innovative solutions using Natural Language Processing (NLP), Machine Learning (ML), and Deep Learning (DL).
- Top startups include Orbo AI, enhancing imaging with AI; Models Lab, specializing in text-to-image generation and voice cloning; NI Robotics, revolutionizing farming with precision AI; and Qure.ai, making healthcare more accessible.
- Others, like Babblebots, streamline recruitment, while Unscript AI simplifies video creation. These startups are driving AI's future, solving real-world problems, and attracting global interest. Their growth positions India as a key player in the global AI landscape.
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