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Startup News
TechCrunch
6d
101
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Ready-made stem cell therapies for pets could be coming
- San Diego startup Gallant has secured $18 million in funding to develop the first FDA-approved ready-to-use stem cell therapy for veterinary medicine.
- The therapy aims to address conditions in pets like Feline Chronic Gingivostomatitis (FCGS) and arthritis, with promising early results showing improvements in pain and mobility.
- Gallant's approach differentiates itself by utilizing ready-to-use cells from donor animals, potentially simplifying the treatment process compared to traditional stem cell therapies.
- Investors, including Digitalis Ventures and NovaQuest Capital Management, are optimistic about Gallant's potential, recognizing its novel approach and convenience.
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Medium
6d
261
The Intricacies of VC Deals-1
- VC deals involve complex economic provisions outlined in a term sheet to simplify venture transactions for entrepreneurs.
- Ownership stake and dilution are key considerations for founders and employees when VCs invest, often mitigated by setting aside reserves for future financing rounds.
- Convertible debt and SAFE notes are common in early-stage financings, bridging financial gaps and critical for entrepreneurs to include in post-money valuation calculations.
- Critical terms like liquidation preference, anti-dilution protection, pay-to-play provisions, and pro rata rights are crucial elements of VC deals that require careful negotiation and understanding.
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Pymnts
7d
356
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BBVA to Continue Takeover Bid for Sabadell Despite Sale of TSB
- BBVA is moving forward with its efforts to acquire Banco Sabadell, despite Sabadell's decision to sell its U.K. unit, TSB.
- BBVA may make a tender offer to Sabadell's shareholders in the coming weeks, unaffected by Sabadell's sale of TSB.
- Analysts see Sabadell's sale of TSB as a strategy to boost investor dividends and defend against BBVA's takeover bid.
- BBVA has been pursuing a takeover of Sabadell for over a year, as both banks navigate the potential acquisition.
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Startup Story
7d
174
Image Credit: Startup Story
Luma Fertility Raises $4 Mn Seed Funding Led by Peak XV’s Surge To Redefine IVF and Fertility Care in India
- Mumbai-based fertility startup Luma Fertility raises $4 million in seed funding led by Peak XV Partners’ Surge, with participation from Ameera Shah and Vijay Taparia.
- Founded by Neha K Motwani, Luma Fertility aims to revolutionize India's fertility ecosystem, focusing on patient-centric care.
- The startup offers a range of fertility services in Mumbai, including IVF procedures, fertility assessments, and complementary therapies.
- With plans for expansion, Luma Fertility aims to provide tech-enabled and emotionally supportive fertility solutions to meet the growing demand in India.
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Startup Story
7d
804
Image Credit: Startup Story
GobbleCube Raises $3.5 Mn in Pre-Series A Round to Power Hyperlocal Brand Growth with AI
- Bengaluru-based AI startup GobbleCube raises $3.5 million in a Pre-Series A funding round led by InfoEdge Ventures and participated in by Kae Capital to scale its hyperlocal brand growth platform.
- GobbleCube, founded by former leaders at Blinkit, offers an AI-powered platform that helps brands identify revenue gaps and growth opportunities in hyperlocal markets, reporting 2-3x sales increases for clients.
- The funding will be used to enhance the platform's AI capabilities, expand geographic and platform coverage, and accelerate global go-to-market efforts, as brands navigate the complexities of hyperlocal and platform-specific competition.
- As retail evolves toward hyper-personalization, GobbleCube aims to empower consumer brands with actionable insights and predictive analytics to succeed in digital marketplaces.
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Hackernoon
7d
348
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10 Things to Do After Your First Win—So It’s Not Your Last
- Getting traction may lead to overconfidence, killing momentum faster than expected.
- After initial success, key actions include not losing the scrappy mindset and avoiding entitled decisions.
- Suggested steps after traction involve self-reflection, challenging ideas, and staying humble and wary.
- It is emphasized to maintain a sense of urgency and avoid complacency after initial wins.
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Hackernoon
7d
37
Image Credit: Hackernoon
You Can’t Wing It to $10M: The Brutal Truth About Startup Sales
- Startups often fail due to confusing momentum with machinery, leading to scalability issues.
- Achieving initial revenue milestones through hustle can be a trap hindering further growth.
- Building a structured revenue assembly line is crucial for sustainable scaling and success.
- Lessons on precision, experience in hires, and incentivizing for long-term success highlighted.
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TechBullion
7d
174
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Sibongile Gobile: The Legal Visionary Redefining South Africa’s Tech Frontier
- Sibongile Gobile, a legal visionary in South Africa, is redefining the country's tech frontier by emphasizing responsible innovation within ethical and regulatory frameworks.
- Gobile combines his legal background with a deep understanding of technology to advocate for the integration of legal, ethical, and cultural considerations into tech development and deployment.
- He is involved in various initiatives that bridge the gap between technology and social development, promoting inclusive growth and skills development for underserved communities in areas like agriculture and property technology.
- Sibongile Gobile's work showcases the importance of clear regulatory frameworks in tech deployment and paves the way for accountable and ambitious technological advancements in Africa.
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Startup Story
7d
0
Image Credit: Startup Story
Ghaziabad Municipal Corporation Launches Impact Analysis Report on Student Learning Post ‘Swachh Mohalla Squad’ Initiative
- The Ghaziabad Municipal Corporation has launched the Impact Analysis Report of the Swachh Mohalla Squad initiative aimed at educating school students about solid waste management.
- Over 40,000 students from 100 schools in Ghaziabad participated in interactive sessions and activities to promote awareness and understanding of waste management.
- A learning assessment among 5,000 students showed positive results in knowledge acquisition and behavioral change regarding waste segregation, recycling, and composting.
- The initiative reflects the commitment to Swachh Bharat Mission (Urban) goals and community-led transformation, with recognition given to the Hon'ble Chief Minister and partners for their support.
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Inc42
7d
261
Image Credit: Inc42
Centre To Launch INR 2,000 Cr Drone Tech Incentive Scheme
- The Centre plans to launch a INR 2,000 Cr incentive scheme to boost drone manufacturing in India, spanning three years.
- The initiative under the civil aviation ministry aims to reduce reliance on imported drone components and counter Pakistan's drone program.
- The scheme targets localizing key drone component production by at least 40% in India by FY28, offering additional incentives for using domestic parts.
- The growing Indian drone tech ecosystem has shown potential in defense and civilian sectors, with startups playing a pivotal role.
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ISN
7d
314
Image Credit: ISN
IndiGo appoints ex-NITI Aayog CEO Amitabh Kant as non-executive director
- IndiGo has appointed Amitabh Kant as a non-executive director, pending regulatory and shareholder approvals.
- Amitabh Kant, a former Indian bureaucrat, is known for his role in various nation-building initiatives and sustainability projects.
- Kant's career spans over four decades, and he has led initiatives like the Green Hydrogen Mission and the Aspirational Districts Program.
- IndiGo plans to utilize Kant's expertise to enhance India's transportation sector and expand globally, with a focus on trade, tourism, and economic growth.
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Startup Story
7d
62
Image Credit: Startup Story
Ramveer Tanwar – The PondMan of India How a Small-Town Engineer Sparked a National Environmental Awakening
- Ramveer Tanwar, known as the PondMan of India, revived neglected ponds and promoted water conservation.
- Starting in his village, he organized clean-up drives, educated communities, and founded Say Earth.
- His efforts expanded to multiple states, focusing on community involvement and urban forestry projects.
- Recognized nationally, Ramveer's initiatives emphasize grassroots action and sustainable environmental restoration.
- His story showcases the impact of individual dedication in creating widespread ecological change.
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Medium
7d
45
VC Strategy and Operations-1
- A VC fund comprises a distinct legal and operational framework, with the management company (franchise) separate from the actual funds (LP entities).
- VCs face challenges similar to entrepreneurs during fundraising, needing to raise funds from LPs, who are then legally obligated to provide the funds within a set time frame.
- The compensation structure significantly influences VC behavior, with provisions such as recycling management fees to reinvest returns into meeting initial capital commitments.
- VC fund agreements establish investment parameters over time, including metrics like Multiple on Invested Capital (MOIC), Gross Internal Rate of Return (IRR), and differentiation between realised and unrealised values.
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ISN
7d
132
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Sridhar Vembu's Zoho opens new campus in Kerala, acquires Asimov Robotics
- Zoho Corporation, a Chennai-based SaaS major, has acquired robotics startup Asimov Robotics and opened a new R&D campus in Kerala.
- The new campus in Kottarakkara will focus on research in artificial intelligence and robotics, with a 250-seat capacity for these efforts.
- Zoho also announced partnerships with the Kerala Startup Mission and several other deeptech organizations to enhance research collaborations and capabilities.
- The company's internship program in the region has already led to 40 employees being onboarded through a comprehensive training pathway.
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SiliconCanals
7d
282
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AI Tool of the Week: How UK’s digiLab is building AI for the planet’s largest coral restoration project
- UK's digiLab partners with King Abdullah University of Science and Technology (KAUST) to develop a new AI digital twin platform for the world's largest coral restoration project in Saudi Arabia.
- The AI integration by digiLab aims to improve coral resilience, including factors like heat tolerance and growth, enhancing coral's ability to adapt to environmental changes.
- The partnership focuses on using advanced AI technology to fast-track reef restoration and conservation, creating a model for global coral restoration efforts.
- digiLab will assist KAUST in areas such as coral measurement, optimal sensor placement, and integrating AI technology for data-driven decision-making in the large-scale coral restoration project.
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