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TechCrunch
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Relyance lands $32M to help companies comply with data regulations
- Relyance AI, a platform that helps companies comply with data regulations, has raised $32 million in a Series B funding round.
- The platform checks if a company's data usage aligns with governance policies and monitors external vendor risks.
- Relyance's customer base, including Coinbase, Snowflake, MyFitnessPal, and Plaid, grew 30% in H1.
- The new funding will be used to expand Relyance's team and support product development and growth.
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Inc42
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Ola Electric Tanks 6% Amid Rising Scrutiny Over Customer Complaints
- Shares of Ola Electric fell by 5.8% amid increasing government scrutiny over customer complaints.
- The Ministry of Heavy Industries has requested the Automotive Research Association of India to verify the company's adherence to warranties and service center requirements.
- Ola Electric has been criticized for its aftersales service and faced a social media spat with comedian Kunal Kamra.
- The company's shares have dropped by 42.1% since August, but it is still trading 19% higher than its listing price.
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Yourstory
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Neobank Freo's revenue tops Rs 100 Cr in FY24, slashes losses by 64%
- Neobank Freo's revenue crossed Rs 100 crore in FY24, with a growth of 8.67% from the previous year.
- Total revenue, including other sources, increased by 11.68% to Rs 111.46 crore in FY24.
- Freo reduced its total expenditure by 10.14%, resulting in a net loss reduction of 64.55% compared to FY23.
- Mwyn Tech Pvt Ltd, the company behind Freo, reported a profitable year with a user base of 25 million and a positive contribution margin.
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Inc42
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OYO-Owned Innov8 Forays Into Managed Office Space Segment
- OYO-owned startup Innov8 has entered the managed office space segment.
- Innov8 plans to add 4 Mn square feet of managed office space in India in the coming three years.
- The startup will focus on building Grade A buildings with premium quality infrastructure and amenities.
- OYO turned profitable in FY24 with a profit of INR 229.5 Cr.
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VIE Stories
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Food Brands in India for 2025
- The Indian food industry, providing a wide range of products, plays a vital role in the Indian economy and has seen significant growth in recent years.
- We have selected some of the top food brands in India namely, Mother Dairy, Amul, Britannia Industries, Nestle India, KRBL Limited, Haldiram’s, MTR Foods, Parle Agro and Cadbury.
- Mother Dairy Fruits & Vegetable Private Limited is an Indian firm headquartered in Uttar Pradesh that produces and markets dairy products, edible oils, fruits, vegetables, juices, jams, pickles, and more.
- Amul, founded in 1948 in Gujarat, is the world's largest producer of milk and other dairy products, offering products such as milk, paneer, butter, ice cream, and many more.
- Britannia Industries Limited specializes in the production and marketing of biscuits, bread, cakes, and dairy products and is one of India's most popular food brands.
- Nestle, headquartered in Vevey, Switzerland, is one of the largest food brands in India, providing a wide range of baby food, breakfast cereals, coffee, tea, and other confectionery. It has more than 8 manufacturing plants.
- KRBL Limited is a leading exporter of basmati rice, exporting to various countries and generating an annual revenue of approximately $3.3 million.
- Haldiram’s, based in Nagpur, specializes in making sweets and snacks, providing more than 100 products such as frozen meals, sweets, cookies, ice creams, chips, and other snacks. It also owns a chain of restaurants across India.
- MTR Foods, based in Bangalore, provides a wide range of ready-to-eat curries, gravies, frozen food, spice mixes, pickles, and papads, and milk-based beverages. In partnership with Norwegian conglomerate Orkla, the company earned $8.9 million in 2017.
- Parle Agro is known for products such as Frooti, Appy, Bailey, and Coca-Cola, generating an annual revenue of $431 million.
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Startupreporter
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Designer NAVKIYA G Brings Vibrant Designs to Life at India Kids Fashion Week Season 11, Delhi
- Designer NAVKIYA G showcased its stunning collection at India Kids Fashion Week, Season 11 in Delhi.
- The collection featured vibrant and graceful ethnic wear for children, blending traditional Indian aesthetics with modern flair.
- NAVKIYA G's designs received praise for their intricate detailing, comfort, and fashion-forward approach.
- The brand was awarded the prestigious 'Best Collection Award' at the event.
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Yourstory
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From quantum physics to urban planning: The Kido Dynamics revolution
- Kido Dynamics aims to help cities transform urban landscape with data. The data analytics space uses person mobility data, alongside GPS data, satellite images and IoT sensors, to provide a detailed image of the typical urban environment. Seeing opportunity where chaos sets in, Kido Dynamics helps decision-makers use anonymised data to deliver actionable insights and mobility guidance. Its scalable, scientifically grounded solutions also have wide-ranging applications from choosing new retail locations to refining out-of-home advertising strategies.
- Kido Dynamics was originally birthed as a team of physicists who were using algorithms to simulate the behaviour of atoms. The company has grown to operate in 22 countries, with CEO Alberto Hernando de Castro responsible for overseeing the practical potential of the firm's uniquely blended Swiss precision and cutting-edge data analytics technology.
- India appears to be a key market for Kido Dynamics, however. With a rapidly growing population and huge urbanisation plans, its technology can help Indian cities to alleviate pressure on infrastructure, reduce congestion and optimise transportation systems. Long-term ambitions include becoming a leader and the standard in data-driven urban development solutions across India.
- The move into India is being facilitated by Swissnex, which aided Kido Dynamics by providing connections to key stakeholders and providing crucial insights into how innovation and business works in the country. Eventually, Kido Dynamics aims to establish a presence in the Indian market, deploying its platform across cities as part of a partnership with one of the major local mobile phone operators.
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Inc42
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Z47 Looks To Offload Stake In Four Indian Unicorns
- Venture capital firm Z47 is looking to offload stakes in Ola, OfBusiness, Razorpay, and DailyHunt.
- Z47 has held talks with other funds for a multi-company transaction in the Indian market.
- There has been a wave of secondary deals in the first half of the year in India.
- Matrix Partners India, now known as Z47, manages assets worth over $1.5 Bn across more than 100 startups.
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VIE Stories
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[Funding News] Data Engineering Platform Datazip Secures $1 Mn Seed Funding
- Data engineering company Datazip has secured $1 million in seed funding.
- The funding round saw Equirus InnovateX Fund invest Rs 6 crore.
- The funds will be used to develop advanced data analysis and engineering products in India.
- Datazip aims to create a modular lakehouse platform to enhance the performance of data engineers.
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Inc42
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India Leads Globally In Downloads Of AI Apps Like ChatGPT, Google Gemini
- India has become the largest market for AI mobile app downloads, surpassing the US.
- India accounted for 21% of global AI app downloads, surpassing 2.2 billion downloads by August 2024.
- Top downloaded AI apps in India include ChatGPT, Microsoft Copilot, and Google Gemini.
- India accounted for 2% of in-app purchase revenue globally, with North America and Europe leading in earnings.
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ISN
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Equirus InnovateX Fund leads $1 million seed round in data engineering startup, Datazip
- Equirus InnovateX Fund leads a $1 million seed funding round in data engineering startup, Datazip.
- Datazip is co-founded by industry experts and aims to build composable lakehouse platforms that increase data engineers' productivity by 10x.
- Datazip's suite of tools addresses the evolving needs of the data ecosystem, enabling companies to optimize data workflows and gain real-time insights.
- The data lakehouse platform market is projected to grow at a CAGR of 22.9% from 2023 to 2033, and Datazip is well-positioned to capture a significant share of this market.
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AllTopStartups
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How Medical Couriers Support Rural Healthcare
- Medical couriers play a vital role in supporting rural healthcare by ensuring that essential medical supplies, lab samples, and prescriptions reach remote locations efficiently and safely.
- Rural healthcare facilities face challenges such as limited resources, long distances to urban centers, and difficulties in recruiting and retaining healthcare professionals.
- Medical couriers fill the gap by providing timely delivery of medications, safe transport of lab samples, delivering vital medical supplies, and supporting telehealth services.
- Through the expertise and commitment of medical couriers, rural healthcare providers can maintain continuity of care and ensure that every patient has access to the medical care and supplies they need.
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AllTopStartups
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How to Properly Destroy Your Old Devices
- To ensure your data is secure and your old gadgets are disposed of responsibly, it’s important to destroy them properly. Here’s a step-by-step guide on how to safely and effectively destroy your old devices.
- Before you even think about destroying your device, make sure you’ve backed up all important data.
- A factory reset will erase all the data on your device, returning it to its original state.
- SIM cards and SD cards can store a lot of personal information, including contacts, messages, and media files. Before destroying your device, remove these cards and either keep them in a safe place or destroy them separately.
- For devices like laptops or desktops, the hard drive is where all your data is stored. To ensure your information is completely unrecoverable, you need to physically destroy the hard drive.
- While a factory reset removes most data, it might not be enough for those concerned about data recovery.
- Once your devices are safely destroyed, don’t just throw them in the trash.
- If you have multiple devices or just want peace of mind, consider using a professional data destruction service.
- If your old devices contain CDs, DVDs, or printed documents with sensitive information, these should also be properly destroyed.
- Finally, it’s a good idea to document the destruction process, especially for businesses or when dealing with highly sensitive data.
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Startupreporter
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Ali Akbar Sultan Ahmed & Malika’s Grand Wedding Reception: A Celebration of Love and Legacy
- The wedding reception of Ali Akbar Rizvi and Malika, son of renowned filmmaker Sultan Ahmed, was a grand celebration.
- Prominent Bollywood celebrities and distinguished guests attended the glittering event.
- The reception was a perfect blend of elegance, tradition, and camaraderie.
- The lovely couple now begin their new journey with the blessings of loved ones and influential figures.
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Inc42
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How GenAI is Rewriting Business Strategies Across Sectors
- OpenAI launched its GenAI (generative AI) application, ChatGPT, in 2022 and now the markets are flooded with GenAI tools offering enterprise-level solutions that transform businesses by improving processes, enhancing customer experiences and redefining decision-making. According to a recent McKinsey Global Survey, 65% of respondents said their organisations regularly use GenAI, nearly double the percentage from the previous survey conducted less than a year ago.
- However, enterprises must craft a well-balanced AI strategy to reduce costs, create value and increase trust in organisations by mitigating risks like data breaches, deepfakes and biases.
- The Inc42 and Oracle hosted a roundtable bringing together 10 tech leaders from diverse sectors who to deep-dived into Unlocking Data & AI Potential: Charting a Path to Innovation and Growth. Leaders discussed GenAI adoptions across industries and how deeply it would be embedded into modern businesses.
- CTO of Absolute discusses how AI transformed the platform's on-ground advisory services for farmers, resulting in speedy reach and significant cost-cutting. When it comes to agritech, time-sensitive information is critical and AI applications are now extensively used in various areas of farming.
- Gaurav Bagga of Pristyn Care (a startup specialising in elective surgery) discussed how modern healthcare providers can leverage GenAI to improve patient experience. The data gathered allows prioritisation of action items so that care coordinators can make informed decisions.
- To confidently adopt AI-GenAI, balancing growth and efficiency with security concerns like data breaches, hallucinations and biases. Oracle's Retrieval-Augmented Generation (RAG) technology enhances accuracy and effectiveness of GenAI apps by integrating retrieval and knowledge augmentation in a unified system. This mechanism helps mitigate risks like hallucination, misinformation and bias that cannot reference knowledge sources outside training.
- It will take time to gain trust in third-party systems, but cloud providers are stepping up data security, while businesses will increasingly depend on high-quality and customised data for enterprise usage.
- Until we get closer to creating artificial general intelligence that can function on a par with a human's cognitive capabilities, the new technology will continue to complement human capabilities but will also redefine the future of jobs.
- In essence, the future of work will be driven by the three A's – AI, analytics and automation. So, enterprises and individuals must strategise and develop skills to meet the requirements of a new epoch.
- According to industry experts, the GenAI boom will transform all businesses by improving processes, enhancing customer experiences and redefining decision-making.
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