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Inc42
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EaseMyTrip To Consider Bonus Issue Amid Slump In Share Price
- Travel tech startup EaseMyTrip is considering a bonus issue of shares.
- The company's shares have been on a downward spiral, hitting a 52-week low.
- Co-founder and CEO Nishant Pitti recently sold a significant number of shares.
- EaseMyTrip has made new announcements including acquisitions and entry into electric bus manufacturing.
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Insider
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Cloud API startup Kong valued at around $2 billion in a new funding round led by Tiger Global
- Cloud API startup Kong has been valued at around $2 billion in a new funding round led by Tiger Global Management.
- Kong offers a cloud-based API, which serves as the backbone of the internet.
- This latest funding round follows Kong's previous $80 million Series D funding in 2020, which valued the company at $1.4 billion.
- Tiger Global, known for its rapid investments, is making a comeback in the tech market and recently invested in OpenAI as well.
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Medium
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Why founders should leave San Francisco and go on their own Eras Tour
- Founders should leave San Francisco and explore outside their startup ecosystem.
- The robust startup community in San Francisco can become an echo chamber.
- Founders should take the approach of Taylor Swift's Eras Tour, reaching out to customers directly.
- By meeting customers, observing their problems, and sharing ideas, founders can find valuable problems to solve.
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TechCrunch
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Did that startup founder really work through his wedding?
- Casey Mackrell, co-founder of Thoughtly, was photographed working on his laptop at his own wedding reception.
- The photo went viral, sparking both awe and outrage among viewers.
- However, the actual story behind the image is that Mackrell was only on his laptop for less than a minute, addressing a coding issue.
- The incident reignited the debate around 'founder mode' and work-life balance for startup founders.
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TheStartupMag
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Worried About Your Business? Maybe You Should Be
- If you are worried about your business, we’re sure that there is a reason for that.
- The areas you should potentially be worried about include finances, security, employees, and insurance.
- Managing your finances effectively and having a dedicated person for finance management is crucial.
- Enhancing security measures, both physical and online, is essential to protect your business.
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Economic Times
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Space startups see funding growth as investors bet on capex-intensive ventures, report says
- Space startups raised $1.9 billion in the third quarter, up nearly a fifth from a year earlier, driven by investor interest in rocket launchers and satellite manufacturers.
- Investment trend in space sector shifted towards capital-intensive businesses, with nine of the top ten deals in the third quarter focused on such ventures.
- Previously, investors prioritized data analytics and satellite imagery-related startups due to quicker revenue generation.
- The United States surpassed China in space startup funding this year, indicating increased competition for dominance.
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Yourstory
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Why India’s booming streaming services need observability to succeed
- The popularity of Over-the-Top (OTT) platforms like Netflix, Disney+ Hotstar, SonyLiv, and Zee5 has grown significantly in India and caters to more than 457 million users.
- Developing OTT applications that can deliver a consistent user experience is a major challenge due to the sheer volumes of data streaming platforms must tackle.
- Ensuring optimal digital experiences is crucial to retain user interest and drive engagement on the OTT platforms.
- To avoid negative feedback, OTT platforms need to ensure user-friendly app interfaces that provide practicable solutions and easy navigation.
- Observability is crucial to keep up with increasing customer demand for OTT platforms and to prepare for high-traffic events.
- OTT providers can leverage synthetic monitoring via an all-in-one observability platform to proactively identify and fix UX issues before they impact viewers.
- Observability provides detailed insights into cloud usage, helping companies optimize their cloud spend while delivering uninterrupted high-quality streaming.
- Proper observability also enables engineering teams to identify performance issues before they impact viewers, enhancing OTT platforms' CDN performance.
- OTT platforms need to deploy the right technology and expertise to deliver content with performance, reliability, and quality to retain market share.
- Ultimately the quality of the customer's experience will set competitor platforms apart.
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VIE Stories
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Ratan Tata Famous Quotes to Inspire & Motivate
- Ratan Tata turned 86 today, known for his philanthropic activities.
- He has been awarded Padma Vibhushan and Padma Bhushan for his contributions.
- Here are some of Ratan Tata's famous quotes to inspire and motivate:
- 1. "I take decisions and then make them right."
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Hackernoon
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“Dulcedo is a people-first company and all about relationship-building.” says Karim Leduc, CEO
- Dulcedo is an integrated talent and marketing group.
- The company focuses on relationship-building and offers talent management and integrated marketing services.
- Their recent acquisition, Sundae Creative, has the potential to grow and expand Dulcedo’s reach.
- The biggest threat to the company is the changing landscape and the need for innovative approaches to foster growth.
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Yourstory
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How GitHub Copilot unleashes developer productivity
- GitHub Copilot is an AI-powered assistant designed to improve developer productivity.
- The tool acts as a 'co-pilot' and turns natural language prompts into code suggestions.
- It supports various programming languages and frameworks, streamlining the software development process.
- GitHub Copilot also facilitates DevOps by assisting with cloud deployment, automation, and more.
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Startupreporter
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IMS UCC Ghaziabad Hosts Alumni Talk, “Essential Skills for Thriving in Competitive Business Environment”
- IMS UCC Ghaziabad (University Courses Campus) organized an Alumni Talk Session titled “Essential Skills for Thriving in a Competitive Business Environment”.
- The session featured Ms. Shivangi Pundhir, an esteemed alumna of the institute, as the guest speaker.
- Ms. Pundhir emphasized the importance of critical thinking, adaptability, and effective communication in today's business world.
- The interactive session provided practical advice and inspiration for students' future careers.
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Inc42
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Can Swiggy Replicate Zomato’s Success On The Bourses?
- Swiggy is eyeing a $15B valuation but its financials and losses are raising concern among analysts and investors, leading to cold feet.
- Swiggy has approval to increase the size of its fresh issue to INR 5,000 Cr from INR 3,750 Cr, bringing its expected total IPO size to more than INR 10,000 Cr.
- Swiggy is far behind Zomato in the market share race, with Zomato holding a 55% market share and Swiggy the rest.
- Zomato’s market performance was influenced by business-specific reasons and negative market sentiment, but Swiggy’s IPO concerns cannot be completely shaken off.
- Swiggy has yet to match Zomato’s performance in the quick commerce business despite posting GOV of INR 8,068.6 Cr in quick commerce and Zomato’s Blinkit clocking INR 12,469 Cr in FY24 GOV.
- Swiggy’s total food delivery gross order value (GOV) is INR 24,717 Cr in FY24 while Zomato’s is INR 32,224 Cr. Zomato also reported stronger growth with its GOV rising by 20% year-on-year compared to Swiggy’s 15% YoY increase.
- HSBC Global Research recently noted that Swiggy has outperformed Zomato in average order value (AOV) in food delivery over the past year, but Bernstein notes that “the debate on Zomato vs Swiggy is beyond comparing metrics.”
- Swiggy's unlisted shares are trading at INR 485-INR 515 zone in the grey market. Two months ago, its shares were trading at INR 425 apiece.
- Mehta Equities anticipates Swiggy to achieve profitability in the coming months on the back of a sustainable platform fee.
- Analysts see sufficient demand in the market for Swiggy’s IPO, but a valuation discount will only heighten interest in its public offering.
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VIE Stories
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Ratan Tata, Former Chairman of Tata Sons, Passes Away at 86
- Ratan Tata, former chairman of Tata Sons, passed away at the age of 86.
- Tata was known for his transformative leadership and impeccable integrity.
- Under his guidance, Tata Group became a global conglomerate with acquisitions like Jaguar Land Rover.
- Tata's philanthropic contributions, humble nature, and ethical business practices made him an icon.
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Economic Times
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India offers stable talent pipeline for global tech: Unisys
- India provides a stable and consistent pipeline of talent necessary for the technology industry in the world, amid the disruptions caused in supply chains facing the sector.
- US multinational technology solutions company Unisys, which has operated in India for about the last 25 years expects to open a new office in Gurugram next year, adding to its five existing offices in Bengaluru, Hyderabad, and Gurugram.
- The company has the largest share of its workforce, at 25%, in India. India provides a unique combination of scale, quality, and energy for companies operating in the country.
- Unisys logged a revenue of about $2bn in the fiscal year 2023, growing at 1.8% year-on-year. The company invests in artificial intelligence (AI) – it has 125 projects underway, and has seen about a 50% productivity boost in application development.
- The key for advancement is to marry AI with quantum computing, according to Unisys' CEO, Peter Altabef
- India's quantum computing expertise is being tapped into to build such solutions.
- Quantum annealing for post-quantum cryptography is seen as an opportunity that will enhance protection of assets.
- India's enormous energy needed to run AI programs, and competition for top talent, remain major challenges for Unisys, despite benefits from Indian expertise in AI and quantum computing.
- Unisys is committed to hiring talent from about 200 universities it has forged a relationship with over the years, further boosting the supply of talent.
- Unisys Innovation Programme has resulted in significant internship and employment opportunities for students as much as 50% submissions are AI-related.
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Gritdaily
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The Monegasque: A High-Society Magazine Like No Other
- The Monegasque is a high-society magazine that distinguishes itself through exclusive stories and features on Monaco's high-society events.
- The magazine's remarkable editorial team, curated by Luiz Costa, gathers international elites, celebrities, and royals to offer readers an unparalleled glimpse into their lives.
- Contributors include renowned figures such as Helga Piaget, His Imperial Royal Highness Archduke Carl Christian of Austria, Prince Felix of Luxembourg, Dinara Safina, and Alberto Repossi.
- The magazine's popularity is growing, with recent contributions from Prince Albert of Monaco and a reputation that rivals iconic publications like 'Vogue'.
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