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Startup News
Eu-Startups
2d
23
Helsinki-based Maki.vc launches a €100 million fund for deep tech and brand-driven startups
- Helsinki-based venture capital firm Maki.vc has launched a €100 million fund to support deep tech and brand-driven startups in the Nordics and Northern Europe.
- The fund aims to invest in projects that align with environmental and social objectives, marking it as an Article 8 fund under EU sustainability regulations.
- Maki.vc has already made seven investments, including companies such as Distance Technologies, QMill, and Ever Cars.
- The fund benefits from a network of experienced advisors and has a focus on consumer and enterprise startups driven by scientific advances and deep customer understanding.
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Insider
2d
371
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Morgan Stanley partners with Carta to serve startup employees after lucrative IPOs
- Morgan Stanley has partnered with cap-table firm Carta to reach founders before they get rich.
- Carta will refer clients looking to go public to Morgan Stanley at Work.
- Morgan Stanley uses workplace services to get clients in the door while they're building wealth.
- This partnership is part of Morgan Stanley's effort to reach $10 trillion in client assets.
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Inc42
2d
79
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Gardening Startup Ugaoo Bags INR 47 Cr Led By V3 Ventures
- Urban gardening startup Ugaoo has raised INR 47 Cr (around $5.6 Mn) in a Series A funding round led by V3 Ventures.
- The funding will be used to expand its presence across 10 cities and launch 80 retail stores by FY 2030.
- Ugaoo offers a wide range of plants, gardening products, and accessories for home gardeners.
- The company has witnessed significant growth, with its revenue increasing from INR 24 Cr in FY 2023 to INR 63 Cr by the end of FY 2024.
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Inc42
2d
1.6k
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CleverTap CEO Sidharth Malik Resigns
- Sidharth Malik, global CEO of customer engagement startup CleverTap, resigned in July 2024 due to personal reasons.
- Cofounder Sunil Thomas has resumed the CEO role. Malik, who joined CleverTap in November 2021, previously held leadership roles at Freshworks, IBM, Microsoft, and Salesforce, and now advises WestBridge Capital.
- Founded in 2013 by Thomas, Anand Jain, and Suresh Kondamudi, CleverTap provides user engagement tools and recently introduced Clever.AI, promising enhanced conversion rates and efficiency. The company, reportedly planning to relocate its headquarters from San Francisco to India, joins other Indian startups witnessing leadership changes, including OLX India and CaratLane.
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ISN
2d
2.3k
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'Indian tech companies need to focus on revenue, not valuation,' says Zoho CEO Vembu
- Zoho CEO Sridhar Vembu urges Indian companies to focus on revenue rather than inflated valuations.
- Vembu suggests that India should aim to build $100 billion revenue tech companies.
- He highlights the success of Chinese companies that focused on long-term vision and revenue.
- Vembu emphasizes the importance of innovation, disciplined cash management, and sustainable growth.
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Startupreporter
2d
75
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Arre Studio to bring the internationally-acclaimed survival show ‘Alone’ to India
- A+E Global Media Group and Arré Studio are partnering to bring the survival show 'Alone' to India for the first time.
- Alone is a highly acclaimed survival competition format where contestants must survive alone in the wilderness.
- The show has gained popularity worldwide and has run for eleven seasons with a twelfth season in production.
- Arré Studio aims to bring the best international formats to its audience, and this partnership with A+E marks their commitment.
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Startupreporter
2d
249
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Jogani Reinforcement’s Basalt and Brass Coated Fibers appreciated with Product of the Year at WOC India 2024
- Jogani Reinforcement's Basalt and Brass Coated Fibers received Product of the Year award at WOC India 2024.
- The recognition was given at the World of Concrete Show held in Mumbai, India.
- Jogani Reinforcement's innovative products, JOGANI Basalt Fiber and JOGANI Brass Coated Micro Steel Fibers, were highly appreciated by professionals in the concrete industry.
- These reinforced products offer advanced properties and performance in high-grade and ultra-high-performance concrete.
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Eu-Startups
2d
312
Stockholm-based Nordic Air Defence secures €1.2 million to advance their drone defence solutions
- Swedish defence technology startup, Nordic Air Defence, raises €1.2 million to advance their drone defence solutions
- The funding round, led by SNÖ Ventures, will be used for research, development, and airborne testing
- Notable private investors, including co-founder of Northzone and former Deputy CEO of Volvo Group, join the company's board
- Nordic Air Defence aims to reduce European reliance on international supply chains and expand into other defence sectors
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Psu
2d
134
Ex-Capcom Dev Hideaki Itsuno Is Now Heading Up LightSpeed Japan Studio
- Hideaki Itsuno, formerly of Capcom, is now heading up LightSpeed Japan Studio.
- The studio will focus on AAA action titles and aims to build a global team.
- Itsuno has a wealth of experience directing games like Devil May Cry 5 and Dragon’s Dogma 2.
- He announced his departure from Capcom in August after over 30 years with the company.
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Yourstory
2d
340
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Rajeev Misra to step down as co-CEO of SoftBank Vision Fund
- Misra will focus on running his own fund, One Investment Management
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SiliconCanals
2d
391
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Finnish VC firm Maki.vc launches €100M third fund; already made 7 investments
- Helsinki-based venture capital firm Maki.vc has launched its third fund of €100M to invest in pre-seed and seed-stage startups across the Nordics and Northern Europe.
- The fund is focused on startups that promote environmental and social objectives, with investments aimed at pre-seed and seed-stage companies.
- Backed by over 50 limited partners, including leaders from Skype, Wise, RELEX Solutions, and Supercell, the fund aims to draw on their experience in scaling tech companies.
- Maki.vc has already made seven investments, including Distance Technologies, QMill, and Ever Cars.
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Inc42
2d
387
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Can Crepdog Crew Be The Torchbearer For India’s Street Fashion Movement?
- Crepdog Crew is a streetwear aggregation and sneaker reselling platform, started in 2020, with 50 homegrown streetwear brands on board.
- The platform wants to cater to the niche 5% of the Western wear market, creating a platform for emerging Indian designers.
- Crepddog Crew reported a revenue of INR 69 Cr in FY24 and aims for INR 150 Cr in revenue by FY25.
- Since its inception, CDC has raised INR 14 Cr from investors, including Harminder Sahni, Masaba Gupta, and more.
- Originally rooted in the West, streetwear in India started gaining prominence in the early 2000s and is today characterised by a blend of comfort, individuality and cultural expression.
- However, the founders realised that while the sneaker market in India was vast and growing, streetwear was still tough to sell online.
- To bridge the gap between the online experience and the in-store touch and feel, CDC launched its first flagship store in South Delhi, featuring a basketball court and a café for customers to relax.
- CDC reported a revenue of INR 25 Cr in FY23 and INR 69 Cr in FY24 with streetwear figuring prominently.
- By January 2025, CDC has plans to open stores in major cities across India before expanding globally, particularly in markets where designer and western wear are sold at a much higher price.
- With the increasing interest of people in sneakers and streetwear, CDC will need to differentiate itself going ahead.
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Eu-Startups
2d
15
Ghent-based Zymofix secures €2 million to expand microbial solutions for sustainable agriculture
- Zymofix, a company focused on industrial biotechnology, has secured €2 million in funding for its fermentation technology.
- The funding will support Zymofix's efforts to scale its solid-state fermentation process, which converts biomass residues into microorganisms for agricultural and industrial applications.
- Zymofix aims to produce beneficial microorganisms that improve soil health, support crop productivity, and reduce environmental impact.
- The funding will also be used to develop commercial partnerships, expand the team, and drive positive impact on planetary health.
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VIE Stories
2d
217
Image Credit: VIE Stories
Ugaoo Secures INR 47 cr Series A Funding From V3 Ventures
- Ugaoo, an urban gardening startup, has secured INR 47 crore in Series A funding led by V3 Ventures, DSG Consumer Partners, and RPG Ventures.
- The funding will be used to increase production to 5 lakh plants per month and expand manufacturing capacity to 100 acres over the next two years.
- Ugaoo provides online and physical client service through its website, app, and nine locations in Bengaluru, Mumbai, and Pune. It also sells its products on e-commerce sites like Zepto, Swiggy, and Blinkit, as well as Amazon and Flipkart.
- Ugaoo aims to expand its product range by collaborating with foreign plant suppliers and strengthening its web presence. The company previously raised $2 million in its pre-Series A financing.
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Inc42
2d
102
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[Update] Infibeam’s Revenue Jumps 29.1% In Q2, PAT Up 16.7%
- Infibeam Avenues, a payments infrastructure company, reported a 29.1% increase in revenue and a 16.7% increase in profit after tax (PAT) for Q2 FY25.
- The company's revenue from operations grew by 29.1% to INR 1,016.6 Cr compared to the previous year, while PAT increased to INR 47.4 Cr.
- Total expenses rose by 30.4% to INR 957.1 Cr, and the company aims for international growth to contribute 12-15% of net revenue in the next two years.
- Infibeam plans to develop new AI products and enter the fintech space by launching RediffOne, a suite for enterprise solutions.
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