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Startup News
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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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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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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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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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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Alleywatch
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The Weekly Notable Startup Funding Report: 10/14/24
- This week, startups raised over $1.3B in funding.
- Glooko raised $100M in funding. AirLoom Energy raised $7.5M.
- ApertureData raised $5.3M and Bigeye raised $5M in funding.
- Case Status raised $19.7M and Centaur Labs raised $16M in funding.
- Claim raised $12M and Corvus Robotics raised $18M in funding.
- COVU raised $12.5M and CytoVale raised $100M in funding.
- Farther raised $72M and Holobiome raised $9M in funding.
- Imprint raised $75M and Lightdash raised $11M in funding.
- Logik.io raised $25M, Maven Clinic raised $125M, and Pinpoint Predictive raised $23M in funding.
- Relyance AI raised $32M and Scope3 raised $25M in funding.
- HUMAN raised $45M and TensorWave raised $43M in funding.
- The Jackfruit Company raised $5M and TOCA Football raised $100M in funding.
- Truthset raised $5M and Form Energy raised a massive $405M in funding.
- Suki raised $70M and EvenUp raised $135M in funding.
- VESSL AI raised $12.2M and Auger raised $100M in funding.
- CYRISMA raised $7M and Fortius Metals raised $2M in funding.
- InterVene raised $13M and Lithios raised $10M in funding.
- MOLG raised $5.5M and Noetica AI raised $22M in funding.
- RadiantGraph raised $11M in funding.
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TechRound
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12 AI Startups in the UAE Today
- The UAE has made significant moves in government, education and policy to push the region into a position of power within the AI industry.
- The startup ecosystem in the UAE is conducive to growing small businesses with tax incentives, top-notch infrastructure and plenty of accelerator programmes.
- There are currently 46 different free-trade zones (FTZs) in the UAE to promote easy access to capital, markets and a global network of partners and investors.
- The UAE is investing significant money in specialised programmes and universities for AI education, research and development.
- Top AI startups in the UAE include One.com, Derq, TruKKer, Sleek Flow, Lulu Exchange, Visage, DP World, Lyve, Nybl, Etisalat, Seez and Invixium.
- These companies function in areas like website development, predictive analytics, logistics, conversational AI, online recruitment, container services, integrated logistics, actionable intelligence and biometric and multi-factor authentication solutions.
- Technology in these companies employs machine learning, deep learning, sensor fusion, V2I communication, digital tools and blockchain technology.
- The UAE is committed to becoming a conducive environment for startups and AI-related businesses, and innovation in the AI industry by integrating AI into sectors including healthcare, transportation, education and more.
- AI is incorporated into various aspects of national governance and public utilities to improve efficiency and decision-making.
- The UAE named the first-ever Minister of Artificial Intelligence, Omar Bin Sultan Al Olama, in 2017,
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TechCrunch
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Peanut, a social network for women, adds a pregnancy tracking tool
- Peanut, a social networking app for women, is launching a new feature to help users track their pregnancies.
- The Peanut Track tool uses AI to anticipate questions women have during different stages of pregnancy.
- Peanut has been focused on community, but now aims to provide personalized guidance for individual pregnancy tracking.
- The startup plans to launch Peanut Grow next year to help women anticipate the early stages of motherhood.
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Inc42
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Purplle Hits Final Close Of Series F Round At INR 1,500 Cr
- Beauty ecommerce unicorn Purplle has concluded its Series F funding round, raising INR 1,500 Cr (about $178.5 Mn).
- Investors, including Abu Dhabi Investment Authority (ADIA), Premji Invest, and Blume Ventures, participated in the funding round.
- Purplle plans to utilize the funds to enhance its online platform, expand offline stores, and improve profitability.
- The Mumbai-based company specializes in selling beauty, personal care, skincare, and cosmetics products, primarily targeting Tier-II and III towns.
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AllTopStartups
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How to Prepare and Respond to a CRA Audit About Your Crypto Activities
- The Canada Revenue Agency (CRA) is increasing its scrutiny of cryptocurrency transactions, leading to a higher likelihood of audits for Canadian crypto enthusiasts.
- Key factors that may trigger a crypto audit include large or frequent transactions, discrepancies between reported income and lifestyle, participation in Initial Coin Offerings (ICOs) or airdrops, mining or staking activities, and failure to report crypto transactions on tax returns.
- To prepare for a potential audit, individuals should maintain detailed records, use crypto tracking software, separate personal and business activities, document their methodology, retain supporting documents, and stay informed about CRA guidelines and regulations.
- When facing a CRA inquiry or audit, it is important to remain calm and review the notice carefully. Gather relevant information, consult a Canadian Crypto Tax Lawyer, respond promptly and honestly, and consider potential outcomes such as accepting adjustments, providing additional information, or filing an objection.
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