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Yourstory
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Physis Capital gets Rs 150 Cr commitment for Rs 400 Cr venture fund
- Physis Capital has received a commitment of Rs 150 crore for its Rs 400 crore ($50 million) venture fund.
- The fund will be used to invest in 12-15 startups, with a final close expected by early 2026.
- Physis Capital has already closed Rs 100 crore from retail investors and half of the family offices bucket.
- The firm has made two investments so far, including Rs 5 crore in CTPL which provides admission support to universities.
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Eu-Startups
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Lyon-based Agicap raises €45 milllion aiming to redefine treasury management for midmarket businesses
- Agicap, an all-in-one treasury management platform, has raised €45 million in a Series C funding round led by AVP.
- The investment will support Agicap's mission to expand its leadership across Europe and position itself as the global reference in midmarket treasury management.
- Agicap offers real-time insights into cash flow and a suite of tools that simplify cash management for SMBs and midmarket companies.
- The funding will be used to strengthen European leadership, enhance product capabilities, and expand market reach.
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Startup Pedia
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Shipyaari Changes The Festive Delivery Game - Launches Same-Day & Next-Day Delivery In 40+ Indian Cities
- Shipyaari has launched a new service called Shipyaari Sprint, offering same-day and next-day delivery in 40+ Indian cities.
- Shipyaari Sprint addresses the challenge of long delivery timelines, reducing abandoned carts and order cancellations for e-commerce brands.
- The service focuses on speed, with timely pickups, continuous monitoring, real-time data analysis, strategic routing, and dedicated teams for seamless delivery.
- Shipyaari plans to expand Sprint beyond the current cities and aims to achieve a 30-hour delivery timeline, shaping the future of e-commerce in India.
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Yourstory
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305
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Expect more tech adoption, strategic partnerships in 2025: NASSCOM Chairperson
- The year 2025 is likely to see greater appetite and adoption of technology and forging of strategic partnerships.
- NASSCOM Chairperson, Sindhu Gangadharan, believes that businesses need to embrace technology to stay relevant, irrespective of their size and scale.
- She sees AI as a transformative technology that can amplify skills and boost productivity, rather than lead to job displacement.
- Gangadharan emphasizes the importance of partnerships and collaborations in driving technological changes and challenges.
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Startup Pedia
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Ola Electric CEO Bhavish Aggarwal Says Company Is Close to Achieving Profitability
- Ola Electric CEO Bhavish Aggarwal revealed that the company is close to achieving profitability.
- Ola Electric focuses on market leadership, growth investments, and financial sustainability.
- The company plans to expand into motorbikes and three-wheelers, aiming for a market share of 30-35%.
- Despite reporting a net loss, Ola Electric's revenue surged by 39.1% year-on-year, and they anticipate turning EBITDA positive in 2025-26.
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VIE Stories
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Best Robotics Startups in India for 2025
- Robotics startups in India are revolutionizing industries by offering innovative automation solutions.
- These companies are advancing sectors like manufacturing, healthcare, agriculture, and logistics with AI, machine learning, and IoT-powered robots.
- Notable startups like Zipline, Botsync, Peer Robotics, and Nosh Robotics are making waves with autonomous systems, AI-powered machines, and collaborative robots. These advancements are not only improving productivity but also addressing labor shortages and increasing efficiency.
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ISN
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InsuranceDekho further strengthens leadership with new appointments
- InsuranceDekho has announced new leadership appointments to strengthen its team.
- Navneet Bhatt joins as Chief Business Officer for New Business, focusing on analytics and strategy.
- Vivek Aggarwal is appointed as VP and Head of Finance with expertise in process optimization and compliance.
- Aman Batra promoted to Chief Strategy Officer, contributing to the company's growth.
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Yourstory
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Tiger Global-backed CleverTap's CEO Sidharth Malik steps down
- CleverTap’s Global CEO, Sidharth Malik, stepped down in July 2024 due to personal reasons. Co-founder Sunil Thomas, who was previously the Executive Chairman, has taken over as CEO.
- Malik, appointed in 2021, previously served as Chief Revenue Officer at Freshworks and held roles at Akamai, IBM, Microsoft, and Salesforce. Under Thomas' leadership, CleverTap continues to focus on customer engagement and retention, helping brands maximize user lifetime value through personalized experiences and analytics.
- Founded in 2013, the company raised $105 million in Series D funding in 2022, with backers like CDPQ and Tiger Global.
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Yourstory
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817
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Jupiter parent's net loss shrinks in FY24 amid surge in operating revenue
- Amica Financial Technologies, the parent company of Jupiter, reported a narrowed net loss for FY24.
- Revenue from operations surged nearly five-fold, reaching Rs 35.85 crore.
- Total expenses were reduced by 7%, but employee benefit expenses rose by 22.9%.
- Jupiter received approval to issue prepaid payment instruments and is in discussions to acquire a stake in SBM Bank India.
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VIE Stories
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India IVF Raises $1.25 Mn in Pre-Series A Funding from Tomorrow Capital
- India IVF, a fertility platform, has raised $1.25 million in pre-Series A funding from Tomorrow Capital.
- The funding will be used to expand India IVF's presence throughout North India and improve accessibility to fertility care.
- India IVF aims to leverage technology and innovation to provide quality and affordable fertility care to a larger population.
- The partnership with Tomorrow Capital will enable India IVF to grow and become a trusted national brand.
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Eu-Startups
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Saarbrücken-based MONA AI secures €2 million aiming to revolutionise recruitment
- MONA AI, a German AI-driven recruitment automation startup, has raised €2 million in seed funding.
- The funding will be used to advance product development, enhance market traction, and expand the team.
- Strategic collaborations with industry leaders will strengthen MONA AI's presence in Europe.
- MONA AI is committed to responsible AI practices, data security, and compliance with the EU AI Act.
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Yourstory
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194
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LambdaTest net profit soars 62% to Rs 18 Cr in FY24
- Cloud-based testing platform LambdaTest has reported a net profit of Rs 18.04 crore in FY24, a 62% increase from the previous year.
- The company's operating revenue rose by 53.6% to Rs 175.44 crore in FY24.
- Total revenue grew by 54% to reach Rs 177 crore in FY24.
- LambdaTest offers an omnichannel software quality assurance platform and recently launched KaneAI, an end-to-end AI test agent.
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TechCrunch
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Agicap secures $48 million for its cash flow management platform
- Agicap, a cash flow management platform, has raised $48 million in a Series C funding round led by AVP.
- Agicap's software helps CFOs centralize cash-related data and forecast future cash positions.
- The company focuses on treasury management software, catering to the needs of CFOs and financial departments.
- Agicap plans to use the funding to launch new features and expand its services in credit management and foreign exchange risk management.
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VIE Stories
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Ex-Skechers Executive Sumit Maloo Joins Neeman's as CFO
- Neeman's, a sustainable footwear brand, has appointed Sumit Maloo as its Chief Financial Officer.
- Sumit will lead Neeman's ambitious plan to open 100 outlets across India in the next two years.
- Sumit brings extensive finance experience, including his previous role at Skechers South Asia.
- Neeman's aims to combine profitability with sustainable growth and expand its retail presence in India.
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SiliconCanals
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UK-based fintech startup Ooodles raises €2.5M to launch its AI-driven IT procurement platform in Ireland
- London-based fintech startup Ooodles raises €2.5M in funding for its AI-driven IT procurement platform.
- Ooodles expands internationally with a launch in Ireland, targeting over 309,000 Irish SMEs.
- The funding comes from āltitude VC, with participation from existing investors and Traditum.
- Ooodles aims to triple its customer numbers in Europe and reshape IT procurement for SMEs.
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