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Inc42
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D2C Startup Arata’s Sales Jump 50% To INR 21 Cr In FY24
- D2C startup Arata's sales jumped 50% to INR 21 Cr in FY24, indicating strong demand.
- The startup managed to narrow its net loss by 54% in FY24.
- Arata primarily earns revenue by selling products on its website and marketplaces.
- The startup has over 26 SKUs across four categories and has raised over $1 Mn in funding.
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Yourstory
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SUGAR Cosmetics revenue up 20%, losses down 11% in FY24
- SUGAR Cosmetics reports a 20% increase in operating revenue for FY24 at Rs 505.10 crore.
- The company reduces losses by 11.3% to Rs 67.58 crore in FY24.
- Expenses rose by 15% to Rs 583.72 crore, impacting the bottomline.
- SUGAR Cosmetics raised $50 million in May 2022 and sells products through various channels.
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Yourstory
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6 Lessons from the book 'You Become What You Think'
- You Become What You Think is a book by Dr. Ernest Holmes that explores the profound impact that our thoughts, beliefs, and mindset have on shaping our lives, both internally and externally.
- The key takeaway from the book is that if we wish to change our lives, we must begin by changing our thinking.
- Positive thoughts lead to positive outcomes, while negative thoughts can create barriers and setbacks.
- Dr. Holmes introduces the concept of the Law of Attraction, which explains that our thoughts attract experiences that align with our mental and emotional energy.
- Another powerful lesson in the book is that self-belief is the foundation of success, and doubt and fear can only hold you back if you allow them to.
- Holmes places a significant emphasis on the power of gratitude, which can lead to profound changes in how you experience the world.
- The book reinforces the idea that we are not victims of our circumstances but the creators of our destiny.
- Take responsibility for your life. If you desire change, begin by changing your mindset.
- You Become What You Think offers practical tools you can use today to start creating the life you truly desire.
- Shift your thoughts, shift your reality. The power has always been within you.
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Yourstory
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Think like a farmer: Top leadership lessons from farming
- Leadership is like farming—nurturing growth, adapting to challenges, and fostering progress. Choose roles that match team strengths, just as farmers select crops suited to their soil.
- Be patient; growth takes time, and progress can't be rushed. Address obstacles instead of assigning blame, and provide time and mentorship for team development. Remove "weeds" like negativity or inefficiency to maintain focus.
- Support your team with resources, training, and feedback, much like fertilizing crops for better yield. Finally, prepare for ups and downs; adaptability and resilience are key. By thinking like a farmer, you cultivate a thriving, capable team ready for challenges.
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Startup Pedia
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Deepinder Goyal Offers Job to Bengaluru Manager After Reading His Feedback on Zomato's 'Food Rescue'
- Zomato's cofounder Deepinder Goyal offered a job to a Bengaluru-based product manager after reading his feedback on the 'Food Rescue' initiative.
- The product manager suggested improvements such as excluding cash-on-delivery orders and restricting cancellations when the delivery partner is within a 500-meter radius.
- Goyal responded to the feedback and mentioned that these suggestions were already incorporated into the feature.
- He expressed his interest in working together and asked the product manager about his background.
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Yourstory
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Tiger Global-backed Loadshare Networks' FY loss improves despite revenue decline
- Loadshare Networks, backed by Tiger Global, managed to reduce its annual loss despite a decline in revenue from operations.
- Revenue from operations for the year ended March 31, 2024, was Rs 340.9 crore, down 11.34% compared to the previous year's Rs 384.5 crore.
- The company cut expenses by 22.9% by reducing costs in employee benefits and other areas such as power and fuel, rent, repairs, travel, and legal fees.
- Loadshare Networks provides courier and transportation services and has expanded into rapid delivery for food, groceries, and quick commerce orders.
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Yourstory
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Design tech startup Flipspaces announces employee stock option plan
- Interior design tech startup Flipspaces announced the launch of an employee stock ownership plan (ESOP) as part of its scaling operations.
- The company is allocating 5% of its total equity to permanent employees with over 1.5 years of experience and significant contributions.
- The ESOPs have a four-year vesting period and a one-year cliff, with priority given to leadership and critical roles.
- Flipspaces plans to expand the ESOP pool as it achieves business objectives and expands its international footprint.
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Gritdaily
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Ready to Crush Q4? Mattered’s Playbook for Ending the Year on a High Note
- Q4 is the grand finale of the sales year, so it's important to gear up and dominate.
- Sharpen your marketing moves by analyzing past performance data and adapting strategies.
- Amp up your social game with killer content and laser-focused ad targeting.
- Mobile experience is crucial, so optimize your website, ads, and emails for mobile users.
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TechCrunch
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SmartBank secures $26M for its personal finance management app
- SmartBank, a Tokyo-based startup, has secured $26 million in funding for its personal finance management app.
- The majority of the aging population in Japan still prefers using cash for transactions, with cashless transactions accounting for 39.3% of all spending in the country.
- SmartBank aims to encourage cashless transactions in Japan and offers a prepaid card and finance management app to make it easier for people to switch to cashless payments.
- The startup plans to use the funding to expand its workforce and further develop its platform, which includes new features like AI receipt reading and connecting credit cards and bank accounts.
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VIE Stories
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InsuranceDekho Strengthens Leadership, Appoints Key Leaders
- Insurtech platform InsuranceDekho has appointed new leaders in analytics, finance, and business strategy.
- Navneet Bhatt joins as Chief Business Officer to manage MGA, reinsurance, and actuarial analytics.
- Vivek Aggarwal is the new Vice President-Finance, responsible for financial operations and growth plans.
- Aman Batra, a veteran of InsuranceDekho, becomes the Chief Strategy Officer.
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Startupreporter
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Raghu Vamsi Group acquires UK-based PMC Group
- Hyderabad-based Raghu Vamsi Group has acquired UK-based PMC Group, adding to its capabilities to produce high-precision products and solutions to critical industries worldwide.
- PMC Group's expertise in precision machining, combined with Raghu Vamsi Group's state-of-the-art manufacturing facilities in India, will lead to greater synergies in product innovation and cater to a wider segment of high-precision products.
- The combined strengths of India and the UK will provide a cost-efficient and high-precision solution for customers.
- The acquisition of PMC Group was celebrated at a special event attended by key industry stakeholders, including the Deputy High Commissioner of the UK to India.
- MD of Raghu Vamsi Group, Mr. Vamsi Vikas, was thrilled with the acquisition, noting that it will grow the company's portfolio and expand its global footprint beyond traditional aerospace and defense sectors to include oil and gas sectors.
- This acquisition marks a strategic step forward in Raghu Vamsi Group's vision to expand its capabilities by moving up the value chain, providing high-precision products and solutions to critical industries worldwide.
- Raghu Vamsi Group aims to expand its portfolio to offer cutting-edge solutions that meet the highest standards of quality and precision to cater to the evolving needs of global OEMs.
- PMC Group has over 35 years of experience in critical manufacturing capabilities and supplies global oil and gas OEMs like SLB, Baker Hughes, and Halliburton.
- PMC Group's revenue is INR 180 Crore with manufacturing capabilities of complex parts and assemblies in nickel alloys up to 6 meters in length.
- This acquisition serves as a prime example of how Indian industries can expand their global footprint and compete at the highest levels, with an active support from Indian PSUs like MIDHANI and ARCI.
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Gritdaily
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Inside BatteryCheck: Michal Sastinsky’s Vision for Smart Battery Management
- BatteryCheck, founded by Michal Sastinsky, offers a simple solution to a widespread problem, giving companies real-time insights into their batteries’ health and future performance.
- In 2018, Michal saw an opportunity to buy these used batteries and build affordable energy storage systems.
- Much like Michal’s career, the company’s origin story is full of twists, pivots, and learning experiences that shaped it into the game-changing solution it is now.
- Michal’s idea was simple but powerful: give companies the tools to predict when their batteries would fail and make sure they never had to deal with unexpected downtimes.
- Michal then spent another four years at Teradata, a global leader in data analytics, where he learned how to make sense of massive amounts of data — skills that would later become essential in creating BatteryCheck.
- His co-founder and CTO, Rastislav Struhar, plays a crucial role in the company’s success.
- Together, they’ve assembled a team of experts, including data scientists and industry advisors, who understand the deep complexities of battery chemistry, energy, data, and analytics and already have two patents.
- According to Michal, the goal is simple: make battery monitoring as easy and accessible as possible.
- His vision is for BatteryCheck to become the go-to solution for companies that need to understand their batteries but don’t have the in-house expertise to do it themselves.
- BatteryCheck is poised to become the go-to solution that helps businesses keep their batteries healthy and operational.
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SiliconCanals
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Lyon-based Agicap raises €45M: Co-founder & CEO Sébastien Beyet on helping SMBs and midmarket companies with treasury management
- Agicap, a treasury management platform, has raised €45m in a Series C funding round led by AVP.
- The funds will be used to continue investing in the platform's products, people, and growth initiatives.
- The company aims to expand its sales and customer success teams and accelerate partnerships and indirect channels in other countries.
- The company will also focus on improving its go-to-market strategy through expanding indirect channels and improving its software and organisation.
- Agicap provides C-suite executives and finance teams easy access to real-time cash flow data as well as a full range of treasury management tools.
- The company supports more than 8,000 companies by simplifying the consolidation of cash flow data through unique and direct bank connectivity, via local protocols, an extensive network of real-time APIs, and Swift.
- According to the company's recent survey of 500 European CFOs, mid-market companies lose, on average, €40,000 due to overdraft fees from poor cash balancing and around €400,000 in missed financial investment opportunities because idle cash is not utilised productively.
- 80% of midmarket firms still rely on Excel-based processes to manage and forecast their cash positions.
- AVP, a global venture capital firm, led the funding round and has invested in more than 60 technology companies in the Venture and Growth stages in the US and Europe.
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StartupDaily
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Startup platform Scalare Partners raises $4.3 million for its ASX listing
- Scalare Partners, a startup advisory and investment business, has raised $4.3 million as part of its backdoor listing on the ASX.
- The public offer issued 17.2044 million fully paid ordinary shares at $0.25 cents per share, valuing the business at $23.7 million.
- Scalare is a tech accelerator that offers fractional services to startups and has acquired the Tech Ready Women academy.
- The raised funds will be used for investments in new and existing portfolio startups, working capital, and launching a US office.
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Gritdaily
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Staying Fit Beyond Summer: Cam Byrnes’ Proven Tips for Keeping in Shape as the Holidays Approach
- Top Australian personal fitness expert and coach, Cameron Byrnes, says anyone can stay fit consistently throughout the year. Despite the seasonal drop by 15% of gym attendance in Q4, people can maintain and thrive through the colder months. By prioritizing consistency over intensity, such as 20 minutes of moderate exercise, exercisers will improve cardiovascular health, energy levels, and mood. A focus on strength training, staying hydrated, mindful eating, and balanced indulgences of calorie-dense foods during festivals are other tips given.
- According to research, resistance training using body weight or dumbbells instead of cardio alone, can combat loss of muscle mass common with age and inactivity. For those getting less sunlight, depleted vitamin D levels and subsequent tiredness can lead to a lack of motivation. Therefore, scheduling and completing an early morning exercise routine can regulate your body clock, and improve sleep and energy levels.
- For a time-efficient, full body workout at home, Byrnes recommends a series of kitchen workouts without needing any equipment—countertop push-ups, chair or counter squats for abs, hips, glutes, core, and arms, stovetop leg raises, and towel slides. Each should be repeated for at least 12-15 reps, closing with calf raises.
- Byrnes' focus is on injury recovery and wellness, having consistently trained high-profile clients such as Mel B. He is also an author and wellness coach. His online transformation programs adopt personalized goals and routines for everyone around the world irrespective of age, lifestyle and limitations.
- Furthermore, Byrnes has successfully recovered from a severe injury. As a result, his injury inspired him to reshape and prioritize his approach to fitness. His approach is now a holistic understanding that cares about improving resilience and creating a healthy body image instead of just looks. Byrnes believes that fitting in a quick workout every day can give an individual the necessary mental refreshment required to handle everyday life.
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