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Robotics Startup Perceptyne Bags $3 Mn From Endiya Partners, Yali Capital & Others
- Robotics startup Perceptyne has raised $3 Mn in a seed funding round co-led by Endiya Partners and Yali Capital.
- The funding will be used to boost product development, customer acquisition, and drive growth.
- Perceptyne is a deeptech robotics platform developing dexterous and affordable robots for manufacturing companies.
- The startup has previously raised $724K in total funding over two rounds.
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VIE Stories
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ShakthiSAT Mission; Plans to Train 12k Girls from 108 Nations
- Space Kidz India has launched “ShakthiSAT,” a global initiative to teach over 12,000 girls in 108 countries about space technology.
- The mission aims to launch a satellite as part of ISRO’s Chandrayaan-4 mission.
- The initiative plans to involve 108 talented students from each country, providing them with the opportunity to explore and ignite their passion for space exploration.
- The mission aims to empower high school girls globally and promote international cooperation in space research.
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Inc42
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WhatsApp In Hot Soup As CCI To Act Against Its Privacy Policy Update
- The Competition Commission of India (CCI) is likely to issue an order to Meta-owned instant messaging app WhatsApp for breaching competition laws.
- CCI's order may include a penalty for WhatsApp's controversial privacy policy update that allows sharing user data with Meta.
- The director general of investigation of CCI concluded that WhatsApp and Meta violated competition law provisions against abuse of dominance.
- Indian authorities have issued over 70,000 content take-down requests across Meta platforms, highlighting regulatory scrutiny.
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Yourstory
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GIVA Jewellery closes extended Series B funding with Rs 255 Cr
- GIVA Jewellery has closed an extended Series B funding round, raising Rs 255 crore.
- The funding round included investors like Premji Invest, EPIQ Capital, Edelweiss Discover Fund, and GIVA's top management.
- The funding round had a mix of primary and secondary investments, with A91 Partners and India Quotient partially exiting.
- GIVA plans to use the funds for offline expansion, expanding its lab-grown diamond offerings, and enabling strategic investor exits.
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Inc42
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After Top Deck Rejig, Perfios Eyeing Entry Into US Market
- Fintech SaaS startup Perfios is eyeing entry into the US market as part of its expansion plan.
- The company recently made key appointments and has been discussing expansion into the US market since 2003.
- Perfios, founded in 2008, is a credit decisioning and analytics startup operating in 18 countries.
- In 2022-23, Perfios turned profitable with a consolidated net profit of INR 7.8 Cr.
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SiliconCanals
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Swedish micro-mobility startup Voi completes first-ever bond issuance; issues €50M for fleet expansion
- Swedish micro-mobility startup Voi completes first-ever bond issuance; issues €50M for fleet expansion.
- The bond offering had demand from known Nordic and international investors.
- The funds will be used to expand Voi's fleet, refinance existing debt, and support general corporate activities.
- Voi aims to improve urban living by making sustainable transportation options more accessible.
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VIE Stories
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Top Ecommerce Logistics Trends and How Pricing and Promotions Management Play a Role
- Ecommerce logistics is rapidly developing due to technological innovations and an increase in global e-shopping trends.
- One of the most significant trends is the emergence of the Gulf Cooperation Council (GCC) as a central hub for inventory and logistics management.
- Last-mile delivery innovations and real-time tracking technologies are improving delivery speeds and enhancing customer trust in online shopping.
- The global shift to online retail, accelerated by the COVID-19 pandemic, has created a need for efficient warehouse management and automated systems.
- Pricing and promotions management plays a pivotal role in driving ecommerce success, allowing businesses to adjust prices and promotional strategies instantly.
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Economic Times
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Gaming firm Jetapult acquires stake in Saudi Arabia-based UMX Studio for $4.5 million
- Bengaluru-based gaming investment company Jetapult has acquired a stake in Saudi Arabia-based game developer UMX Studio for $4.5 million.
- Jetapult will provide capital to expand UMX Studio's portfolio and increase its audience across markets.
- Jetapult aims to invest in a diverse portfolio of gaming studios in emerging markets, with a focus on high average revenue per user markets.
- This investment comes amid a surge in overseas acquisitions by gaming firms.
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Yourstory
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Nadcab Labs is leading the charge with its crypto exchange solution
- Nadcab Labs, India's leading cryptocurrency exchange development company, is at the forefront of developing user-friendly and secure solutions to meet the increasing demand for crypto exchanges.
- Aman Vaths, CEO of Nadcab Labs, highlights the importance of adapting to the new financial landscape by embracing cryptocurrency exchanges, as India witnesses a remarkable increase in crypto adoption.
- Cryptocurrency exchanges serve as crucial gateways for trading in the digital economy, and Nadcab Labs offers fully customizable and ready-to-deploy solutions, catering to the needs of small to medium-sized businesses.
- With advanced features like real-time trading, multi-currency support, and multi-layered security protocols, Nadcab Labs has successfully helped over 15 businesses launch their cryptocurrency exchanges.
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Startup Pedia
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“I was back home in 2.5 hrs of the fall”– Radhika Gupta praises India’s healthcare
- Radhika Gupta, CEO of Edelweiss Mutual Fund, experienced a bad fall and was hospitalized with a head injury.
- Despite the severity of the accident, she was discharged from the hospital in just 2.5 hours after receiving all necessary medical tests and stitches.
- Gupta praised the efficiency of the healthcare system in India, highlighting that in developed countries, medical services often respond slower and have higher medical insurance costs.
- She expressed her gratitude to the medical team at Jaslok Hospital for their excellent care and quick treatment.
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Medium
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Did Venture Capitals Stop Investing in Crypto?
- Venture capitals invest in many different projects and do not risk putting all their money into one project.
- Deal counts for crypto start-up investments have declined considerably compared to early 2022, indicating less interest from venture capitals.
- Crypto venture capitals have invested significantly lower capital into later stage start-ups after mid-2022.
- Venture capitalists are selective about investing, focusing on stable and established assets like Bitcoin and Ethereum.
- Many venture capitals are choosing to invest in sectors with utility and long-term growth potential, such as AI-related crypto projects and infrastructure.
- Challenges impacting venture capitalist investment in early-stage crypto projects include regulatory uncertainty and market volatility.
- However, innovative blockchain technologies across various industries promise to make the future of the crypto industry highly promising.
- Blockchain technology has the potential to revolutionize the security and scalability of various technological fields, including cybersecurity and supply chain management.
- AI-related crypto projects, rendering decentralized computing and data management, are gaining ground.
- Decentralized identification systems offer personal identity security and individual autonomy.
- NFT-based blockchain games and monetised virtual worlds are revolutionising gaming ecosystems.
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Yourstory
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Microsoft-backed UAE firm G42 has three-pronged AI plan for India
- G42, the UAE headquartered AI firm, aims to position India as a major AI superpower.
- The company plans to pursue this goal with three key initiatives.
- The first of these is building an 8 exaFLOP machine, India’s largest supercomputer, designed to handle advanced AI workloads.
- Second, it will establish data centres for AI workloads to double the country’s current capacity.
- The third initiative includes developing AI models, particularly an Indic large language model (LLM), named NANDA.
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Inc42
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CCPA Orders Ola To Offer Refund Choices, Auto Ride Invoice
- The Central Consumer Protection Authority (CCPA) has directed Ola to offer refund options and provide receipts for auto rides.
- Ola's no-questions-asked refund policy, which only offered coupon codes for future rides, was found to violate consumer rights.
- CCPA instructed Ola to give consumers a clear choice between bank account refund or coupon and provide invoices for all auto rides to ensure transparency.
- Over 2,000 complaints against Ola have been lodged on the national consumer helpline, including issues of higher fares and non-refund of amounts.
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Inc42
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In The Age Of AI, Can SketchBubble Redefine The Art Of Presentations?
- SketchBubble is a presentation design startup that offers a wide range of templates suitable for various domains, including technology, finance, healthcare, e-learning, projects & industries and organizational excellence compatible with Google, Apple and Microsoft platforms.
- SketchBubble aims to develop designs that surpass AI production, and the human touch will be required to maintain creativity and uniqueness.
- SketchBubble currently has 200,000+ customisable slides (subscription-based offerings) and 1,000+ free templates, as well as diagrams/charts, maps, icons and other design elements, and almost half a million subscribers, including 20,000+ paid users.
- Individuals can use free templates or subscribe to a monthly ($49), quarterly ($99), or annual ($199) plan. Enterprises can only opt for a yearly plan.
- SketchBubble feels the best AI-generated slides require significant human intervention, adding time and effort to the process, and is working to innovate and enhance its presentation templates to stay ahead of AI.
- Several challenges faced by SketchBubble include a lack of skilled designers, GenAI posing a mounting challenge, and a limited budget for marketing.
- To broaden its reach and stay updated with current trends, the SketchBubble founders have adopted search engine optimization (SEO) as a core strategy, and its team creates the slides in Microsoft PowerPoint and makes them compatible with Google Slides and Apple Keynote.
- In the global presentation software market, SketchBubble and its ilk are keen to integrate human creativity in a tech-driven landscape now increasingly dominated by intelligent, generative AI.
- The power of weaving a great narrative, the art of creating emotional resonance and the skill to improvise in real-time are said to be essential for successfully connecting with the audience, and SketchBubble's founders believe missing the human link may not serve the industry's purpose.
- Finally, the success of AI and creativity will depend on finding the right balance using both humans and technology effectively.
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Inc42
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Drug Maker Novo Nordisk Working With 10 Indian AI Startups
- Danish drug maker Novo Nordisk has partnered with 10 Indian artificial intelligence (AI) startups to streamline its operations.
- The company is leveraging tools built by these AI startups for tasks such as document summarization, insights extraction, and editing error checks.
- Novo Nordisk's medical writers are using AI to reduce quality check time on regulatory documents from 40 hours to 40 minutes per document.
- The drug maker plans to increase its headcount in India by 16% next year and expects its Bengaluru centre to become a data handling hub for research and development.
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