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Startup News
Hackernoon
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Startups of The Year 2024 Interview Series: How to Get Featured on HackerNoon Tech Publication
- Startups of The Year 2024 is a celebration of startups that are still surviving and thriving in challenging times.
- HackerNoon's annual event involves 30,000+ startups from 4200+ cities and 100 industries competing to be crowned the best startup in their city.
- Nominations for the interviews are open, and startups can apply through the Startups of The Year 2024 website.
- The winners of the event will receive a free interview on HackerNoon and an Evergreen Tech Company News page.
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Pymnts
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Collaborative Finance: How SaaS and Embedded Payments Are Changing the Game
- The trend of embedded payments, especially in the software-as-a-service (SaaS) industry, is revolutionizing various sectors.
- Embedded payment options and flexible financing are improving efficiency for both businesses and customers.
- Companies like Lemon, HubSpot, Cross River Bank, and UNIPaaS are introducing innovative solutions to simplify payments within the SaaS ecosystem.
- Stripe's acquisition of Lemon Squeezy further demonstrates the shift towards software-defined financial services.
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ISN
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CCPA orders Ola to offer an option to customers to get refunds in their source bank account
- The Central Consumer Protection Authority (CCPA) has ordered Ola to provide customers with an option to choose their preferred method of refund - either to their bank account or via coupon - during the grievance redressal process.
- CCPA found that Ola's practice of providing only coupon codes for refunds without giving consumers the choice violates consumer rights.
- Ola has been instructed to issue bills or receipts for all Auto rides to ensure transparency and accountability.
- In response to ongoing consumer dissatisfaction, Ola made several consumer-centric changes in its app, including displaying contact details of grievance and nodal officers, improving cancellation policies, and providing fare breakdowns.
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Yourstory
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394
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Clensta CEO denies writing financial mismanagement post, claims LinkedIn page hack
- The LinkedIn page of Puneet Gupta, CEO of Clensta, was compromised with a post admitting to financial mismanagement.
- The post included allegations of unpaid salaries, inflated profit and loss statements, and mismanagement of cash flow.
- Gupta denied writing the post and claimed that it was unauthorized, suggesting a team member with access to LinkedIn credentials was responsible.
- Clensta, backed by Parineeti Chopra, is reportedly in talks to raise $10 million in a Series B funding round.
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ISN
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'I miss you, says i-Pill': Zepto faces backlash over insensitive notification, says 'This mistake won't happen again'
- Quick commerce giant Zepto faced backlash over an inappropriate marketing notification.
- The notification, sent to a female user, mentioned 'I miss you, says I-pill Emergency Contraceptive pill'.
- The user expressed anger on LinkedIn, stating it was inappropriate and questioned the intent.
- Zepto apologized for the message, took immediate action, and assured it won't happen again.
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Economic Times
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'India has 3,600 deep tech startups with potential to address complex societal challenges'
- Dubai, India houses over 3,600 startups in the deep tech sector which has the potential to address complex societal challenges including those related to healthcare, climate change, and cybersecurity.
- Over 100 Indian ICT (information and communications technology) companies are displaying their products and solutions at the GITEX 2024.
- India has over 3,600 deep tech startups, with over 480 being established in 2023 itself, Sagar said at the inauguration of the Indian pavilion at the GITEX 2024.
- Showcasing India's deep tech capabilities would be the focus at this year's participation, Sagar said.
- The high-tech products on display include solutions and devices relating to artificial intelligence (AI), cybersecurity, mobility, sustainable technologies, fintech, and banking solutions, among others.
- ESC's India pavilion was inaugurated by Sunjay Sudhir, Ambassador of India in Abu Dhabi, and addressed by Satish Kumar Sivan, Consul General of India, Dubai.
- ESC envisages abundant opportunity for close tie-ups on a bilateral and multilateral basis for promoting the Indian deep tech sector for developing complex solutions in multiple sectors.
- Kamal Vachani, Regional Director of ESC-Dubai, said India's participation at GITEX 2024 is showcasing its cutting-edge products and solutions.
- The Middle East region, Vachani said, is one of India's important markets for Indian ICT products and IT solutions.
- ESC signed two agreements at the inauguration of the GITEX 2024 as part of its drive to engage with similar organisations abroad and to create a platform for extended trade and investment negotiations.
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Yourstory
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Raptee.HV launches EV motorcycle compatible with car charging stations
- Raptee.HV launches EV motorcycle compatible with car charging stations
- EV startup Raptee.HV has announced its new line of electric motorcycles developed with the same technology used in electric cars, making them compatible with four-wheeler charging stations.
- The bikes are priced at Rs 2.39 lakh and delivery will start in Chennai and Bengaluru from January next year, with plans to expand to other key cities.
- Raptee.HV aims to become a significant player in the EV industry and is planning to raise roughly $19 million in a Series A round to support production ramp-up and dealership expansion.
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Yourstory
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Easy Trip Planners board approves bonus share issue
- Easy Trip Planners' board approves bonus share issue.
- The board has approved issuance of bonus shares in the ratio of 1:1.
- The bonus shares will be issued from the company's available reserves as of March 31, 2024.
- This move reflects EaseMyTrip's commitment to rewarding shareholders and confidence in the company's financial health.
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9 Likes
Gritdaily
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Top 10 Elite Real Estate Moguls from New York and Maryland for 2024
- As we look ahead to 2024, New York and Maryland have become key hubs for real estate development, attracting investors and fostering innovation.
- Within these vibrant markets, some of the most influential figures in real estate continue to make their mark.
- Gregory Fanning is a distinguished Real Estate Agent with The Property Pros Team at eXp Realty in New York.
- Pam Harrison, of RE/MAX Executive in Maryland, is a seasoned Realtor with over 35 years of experience.
- Diana Washabaugh is a distinguished Realtor at KW Metro Center in Maryland.
- Chris Schumaker is a seasoned Realtor and the driving force behind Chris Schumaker & Associates at RE/MAX Executive in Maryland.
- Lauren Zaccaria, Associate Real Estate Broker at Houlihan Lawrence in New York, is a formidable force in the real estate sector.
- Jen Ball, a Licensed Associate Broker at HUNT Real Estate ERA in New York, brings a wealth of expertise and a deep-rooted connection to upstate New York to her real estate practice.
- Enas Latif, a Licensed Real Estate Associate Broker and the founder of the Enas Latif Sales Team in New York has over 22 years of experience in the real estate industry.
- Stacy Levey, Licensed Real Estate Associate Broker at William Raveis in Chappaqua, New York, exemplifies real estate expertise through her extensive experience and impressive accomplishments.
- Julia Neal is a distinguished Realtor at The W Home Group in Maryland, recognized for her unwavering commitment to delivering exceptional client experiences and unparalleled customer service since 2015.
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1 Like
Medium
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Unlocking Funding: Essential Steps for Startups Before Pitching Investors
- Investors look for benchmarks and precedents in startups and consider angel investors a good option for investing in a particular industry.
- It is important for the startups to secure a committing interest from funds before expecting an investment.
- Funds prefer to diversify their risks by investing in startups where they are not the only investor.
- Going to a fund that specializes in a particular field can be a smart move, as they may potentially invest in a startup and offer their expertise.
- Founders need to show investors that their life path led them to a startup, and the startup solves a critical problem faced by its clients.
- Culture of partnership and mutual respect works better and rude founders are not welcomed in the environment.
- After the first contact, a founder needs to be ready to withstand long negotiations to keep up the engagement of investors in their startup project.
- Constant fundraising is necessary, and founders need to play by the rules of competition to stand out from the other hundreds of projects.
- Founders should demonstrate that their project is better than the other startups applying for the same portfolio.
- It’s important to keep all the details in check, from the accounting of resources to the quality of the processes built in the team.
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SiliconCanals
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Rotterdam’s healthtech startup Kaminari Medical bags €3.8M from Graduate Entrepreneur, NLC Health Ventures, others
- Rotterdam-based medtech company Kaminari Medical has raised €3.8M in funding from Graduate Entrepreneur, NLC Health Ventures, Libertatis Ergo Holding, and Demcon Investment.
- The company plans to use the funds to accelerate the development of its photoacoustics and ultrasound imaging platform, conduct clinical trials, and prepare for market introduction.
- Kaminari Medical specializes in intravascular imaging technology, aiming to improve cardiovascular diagnostics and therapy guidance.
- By combining photoacoustics with ultrasound imaging, the company enables real-time qualification of plaque composition, helping physicians make informed decisions during interventional cardiovascular procedures.
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Startupreporter
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Grain Silos – The Linchpin of India’s Food Security Ecosystem
- India has looked to modernise its grain storage methods and has found grain silos to be best suited over antiquated warehouses. A joint initiative of the Department of Food & Public Distribution working alongside the Food Corporation of India has brought state-of-the-art Grain Silos via PPPs to offer an improved storage infrastructure for the nation. Grain silos also offer numerous additional benefits such as savings in costs through automation and mechanisation, smaller land footprint than warehouses do, and bulk handling capabilities that eliminate the need for costly gunny bags.
- Silos' weatherproof storage and controlled storage conditions can protect crops against environmental damage and offer longer shelf-life. Other advantages are enhanced food security and sustainability. By providing long-term preservation and distribution of staple food products, silos, particularly rice, maize, pulses, and millets, are part of the country's long-term food security. With state-of-the-art grain silos, farmers can sell their produce to agencies such as the Food Corporation of India or State Procurement Agencies easily and get paid faster.
- The government's focus on silos has primarily targeted wheat storage thus far. The true potential of this endeavor, however, lies in its ability to expand beyond wheat and include a diverse range of grains. This strategy will help the government to address fluctuations in supply, climate change, and market dynamics and help build resilience in India's food systems.
- By using PPPs, which leverage the private sector's expertise and resources, India's new approach to grain storage secures the country's food supply and positions it as a global leader in sustainable and efficient food management. The initiative's benefits are felt all across the agricultural value chain, from farmers to consumers, as India continues to make strides in this direction.
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3 Likes
Inc42
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Jio Platforms’ Q2 Profit Jumps 23% YoY To INR 6,539 Cr
- Reliance Industries Ltd’s digital giant Jio Platforms reported a 23.4% YoY increase in net profit to INR 6,539 Cr in Q2 FY25.
- Revenue from operations grew 18% YoY to INR 31,709 Cr in Q2 FY25.
- Jio Platforms saw its Average Revenue Per User (ARPU) increase 7.4% YoY to INR 195.1 per month.
- Jio's customer base stood at 47.88 Cr at the end of the September quarter, with 4 Cr new customers onboarded to its 5G network.
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Eu-Startups
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425
Strasbourg-based Aerleum raises €5.5 million to revolutionize CO₂ Capture and conversion technology
- Aerleum, a climate tech company, has raised €5.5 million in a seed round led by 360 Capital and HTGF.
- The funding will support the industrialization of Aerleum's CO₂ capture and conversion technology.
- Aerleum's solution transforms CO₂ and low-carbon hydrogen into synthetic fuels, enabling carbon-neutral production at scale.
- The company initially focuses on e-methanol for maritime and aviation sectors, with plans for global expansion.
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Medium
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Planning Machine Learning Products
- This article provides a structured approach to planning ML products, by writing a product design document.
- Start with a project kickoff. Encourage open collaboration and aim to surface the assumptions present in all cross-functional teams, ensuring alignment on product strategy and vision from day one.
- With your problem defined and why it matters, we can now document the requirements for delivering the project and set the scope.
- From a simple set of stories we can build actionable model requirements: What information is being sent to users? How will users be sent the warnings? What user-specific data can the system use?
- Thinking about users prompts us to embed ethics and privacy into our design while building products people trust.
- Once a basic dataset has been established you’ll need to understand the quality.
- Balancing business and technical metrics: Finding a “good enough” performance starts with understanding the distribution of events in the real world, and then relating this to how it impacts users (and hence the business).
- From the beginning include a plan to efficiently manage model lifecycle. The goal is to accelerate model iteration, automate deployment, and maintain robust monitoring for metrics and data drift.
- Once your prototype is ready, put it in the hands of people, no matter how embarrassed you are of it.
- As you move into development and deployment, you’ll inevitably find that requirements evolve and your experiments will throw up the unexpected. You’ll need to iterate!
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