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VIE Stories
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Top 20 Best Innovative AI startups in India in 2024
- AI startups in India are growing quickly, offering new solutions in industries like healthcare, banking, and retail.
- AgNext, an AgTech startup with rapid growth, offers agribusinesses an integrated, AI-driven SaaS platform for instantaneous, automated assessments of food quality.
- DSW is an artificial intelligence and data science startup that offers platforms, tools, and consulting services to help businesses use data as a strategy.
- Enthu.AI aids contact centres in training their agents to provide better results and faster call quality assurance.
- NextBillion.ai builds custom mapping APIs for businesses to integrate AI into their operations including maps and tackle numerous issues with location-based services and APIs.
- Synapsica Healthcare is creating a PACS and radiology workflow solution that makes use of AI to increase speed, security, and automate reporting activities.
- Myelin Foundry focuses on creating AI algorithms that can handle complicated unstructured data in real time, even on devices with limited resources.
- Spyne uses AI technology to assist companies and marketplaces in producing and updating high-quality product photos and videos at scale.
- Artivatic aims to empower insurance and healthcare businesses and developers with its full-stack insurtech platform that automates various aspects of the insurance process.
- CoRover is a human-centered conversational AI platform that delivers video, voice, and chatbot-as-a-service to assist businesses to increase revenue, reduce costs, improve customer experience, and operate more efficiently.
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StartupDaily
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7 Melbourne Uni startups share in $11.7 million in VC funding
- Seven University of Melbourne-linked startups are sharing in $11.7 million worth of early-stage venture capital from two funds.
- The investments come from the University of Melbourne Genesis Pre-Seed Fund and Tin Alley Ventures fund.
- The startups include Porous Lane, Cell Bauhaus, Remagine Labs, Proxima Bio, exteRNA, Apromore, and FlowAI.
- The funding aims to support research commercialization and translate university research into real-world applications.
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Inc42
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EaseMyTrip Board Approves 1:1 Bonus Share Issue
- EaseMyTrip's board has approved its third bonus share issue.
- The company will issue one bonus equity share for every one fully paid-up equity share.
- The bonus shares will be issued out of securities premium account and available reserves.
- The bonus shares will be credited to shareholders' demat accounts by December 12, 2024.
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VIE Stories
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Effective Back Pain Treatments in Chennai: Expert Care for Lasting Relief
- In Chennai, physiotherapy takes a more holistic approach, encouraging better health treatment for various spine-related problems.
- Back pain is not an isolated symptom; it is a result of various factors that impact normal spine physiology and daily activities.
- A physiotherapy hospital in Chennai would work with advanced imaging technologies involving MRI scans and digital X-rays.
- Manual therapy used here involves specialised techniques such as spinal manipulation and myofascial release.
- Advanced diagnostic tools are used to understand the root of your back pain.
- New treatments for back pain nowadays are based on modern technologies and techniques.
- Treating back pain effectively requires more than just addressing the immediate symptoms.
- Physiotherapy for back pain in Chennai is holistic, aiming at wide-ranging audiences.
- It requires much strengthening of the core as well as enhancing the flexibility to relieve present backaches and to prevent any future occurrences.
- Their commitment to advanced, holistic care ensures immediate relief and grooms a long-term strategy to remain moving freely and living fully.
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TechCrunch
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Table Space eyes $2.5B valuation in India IPO
- Indian managed workspace provider, Table Space, is targeting a valuation of $2.5 billion or more for an IPO planned for next year.
- Table Space leases large office spaces, transforms them into fully serviced campuses, and offers customized offices, co-working spaces, and managed meeting rooms to corporate clients.
- The company operates more than 60 centers across six urban Indian cities and aims to nearly double its real estate portfolio within three years.
- Indian market has delivered more tech IPOs this year than the U.S., with Indian firms raising over $9 billion via IPOs and FPOs.
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Economic Times
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Purplle makes final close of Rs 1,500 crore funding in round led by Abu Dhabi Investment Authority
- Omnichannel beauty retailer Purplle has closed its latest funding round at Rs 1,500 crore.
- The round was led by Abu Dhabi Investment Authority (ADIA) with participation from existing investors Premji Invest and Blume Ventures.
- New investor Sharrp Ventures also joined the funding round.
- Purplle aims to leverage technology and data capabilities to provide the best omnichannel experience to its customers.
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Yourstory
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Technology is narrowing gap between digital natives and traditional businesses
- Technology-led innovation has narrowed the gap between digital natives and traditional businesses.
- Panel discussion highlights the importance of retaining tech-driven innovation as companies scale.
- Digital natives are ahead in adopting technology while established companies need to go through a change management process.
- Startups should focus on both financial and non-financial metrics to ensure innovation and customer experience.
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Medium
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The Strongest U.S. Petrol Companies: Ranked by RealRate’s Superb AI
- The top 3 Petroleum companies in order are Dorchester Minerals, L.P., Black Stone Minerals, L.P., and Mexco Energy Corp.
- Dorchester Minerals and Black Stone Minerals retain their 1st and 2nd spots, respectively, from 2023. Mexco Energy Corp. climbed 3 places into the 3rd spot.
- The U.S. petroleum industry generates significant revenue, contributing around $1.7 trillion annually to the economy.
- Major companies like ExxonMobil and Chevron reported near-record profits in 2023, despite a decline from 2022's highs.
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VIE Stories
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[Funding News] Anicut Capital Secures $11 Million via GIFT City Structure for Private Credit Fund 3
- Anicut Capital secures $11 million in investments via GIFT City Structure for Private Credit Fund 3.
- Investment structure aims to attract dollar-denominated investments into India from global investors.
- Funds will be used to bridge the funding gap for acquisitions and growth capital requirements.
- Anicut Capital strengthens its position as a leading player in the Indian private credit space.
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Inc42
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Ola Electric Shares Tumble 3% Amid Regulatory Scrutiny Over ‘BOSS’ Sale
- Shares of Ola Electric dropped 3% amid regulatory scrutiny from ARAI over pricing strategies.
- ARAI has asked Ola Electric to explain why it didn't inform about price cut for S1X 2kWh model.
- Ola Electric faces the risk of legal action and losing subsidies under the PM E-DRIVE scheme.
- The company has also faced criticism over customer complaints and violations of consumer rights.
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Startupreporter
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Smita Thackerayji & Sri Sri Tulsiji Maharaj inaugurate the International Samudra Mahaarti Foundation
- The International Samudra Mahaarti Foundation has been inaugurated in Mumbai by Ma Tulsi Pithadhishwar Sri Sri Tulsiji Maharaj and Smt. Smita Thackeray.
- The foundation aims to perform the Mahaarti in honor of Samudra Dev, the sea deity, to raise awareness about the importance of the oceans and encourage efforts for preservation.
- It also seeks to foster cultural unity by bringing people from diverse backgrounds together to participate in the rituals, promoting global harmony.
- The inauguration was attended by distinguished guests including actor Shekhar Suman and actress Roshni Walia.
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ISN
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Brown Living raises funding from strategic investors to drive India's sustainable living revolution
- Platform for sustainable living, Brown Living, has raised an undisclosed pre-seed funding round.
- Funds will be used to promote sustainable living, support artisan and SME sectors, and fight against plastic pollution.
- Brown Living is an Indian marketplace for eco-friendly products, aiming to connect artisans with conscious consumers.
- The company has witnessed significant growth and plans to scale its impact and market access for artisans.
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Eu-Startups
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Finnish startup LOUHE.ai raises €3 million to innovate solutions for cyber-physical security needs
- Finnish startup LOUHE.ai has raised €3 million in funding to accelerate its international growth.
- The funding round was led by Lifeline Ventures, along with participation from previous investors and industry professionals.
- LOUHE.ai offers technology-based solutions for cyber-physical security, using machine learning and explainable artificial intelligence.
- The company is focused on developing innovative solutions to meet various security needs, such as door magnetic data analysis and machine vision-based floor mapping.
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Economic Times
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Jewellery brand Giva raises Rs 225 crore more from Premji Invest, Epiq Capital and others
- Jewellery brand Giva raised INR 225 crore through its extended series B round of funding led by Premji Invest with the participation of Edelweiss Discover Fund, Epiq Capital, and the company’s management.
- Giva plans to use the funds to enhance its offerings of lab-grown diamonds and expand its offline presence in India.
- The company recently secured INR 200 crore as part of the same series B round of funding in July.
- Giva will continue to go ahead with its offline expansion journey and extend its lab-grown diamond offerings.
- The demand for lab-grown diamonds is rising because they are significantly cheaper while offering the same appearance as natural diamonds.
- Currently, Giva operates around 160 stores, mainly in Bengaluru and Delhi and plans to open more than a hundred stores in other cities annually.
- Approximately 45% of Giva's total sales come through its website, 40% from offline stores, and the remaining 15% from third-party platforms.
- Giva has achieved net revenue of INR 255 crore and expects a revenue of INR 480-500 crore for FY24.
- The company reported a revenue of INR 167.1 crore in FY23, nearly double of the previous year, but losses widened to INR 45.2 crore.
- Giva is targeting an IPO within the next two years.
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Yourstory
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Purplle adds additional Rs 500 Cr in Series F funding
- Purplle has raised an additional Rs 500 crore in their Series F funding round.
- The round was led by a unit of Abu Dhabi Investment Authority, with participation from existing investors Premji Invest and Blume Ventures.
- New investors, including Sharrp Ventures, also joined the funding round.
- Purplle aims to use the funding to deliver personalized and accessible beauty solutions to consumers across India.
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