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Startup News
Medium
6d
260
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Hola Health secures $10 million led by Woolworths Group subsidiary
- Hola Health, an Australian telehealth platform, has secured $10 million in funding led by a subsidiary of Woolworths Group.
- Since its launch in 2022, Hola Health has facilitated over 1 million telehealth consultations for nearly 600,000 Australians.
- The platform connects patients with healthcare professionals within 15 minutes, operating 24/7.
- Hola Health's partnerships include Health Engine, HotDoc, Med Advisor, Symbion, TerryWhite, UberEats, and DoorDash.
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Economic Times
6d
372
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Zepto nears $4 billion annualised GOV, halves OCF burn rate
- Zepto's CEO Aadit Palicha announced that the company's annualized gross order value (GOV) is nearing $4 billion.
- The company has achieved a ~300% year-on-year growth and ~30% growth since January.
- Zepto has successfully reduced its EBITDA and OCF burn rate by 50% in the past three months.
- The company is confident in reaching EBITDA and OCF breakeven within a few months.
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Inc42
6d
301
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SEBIđź‘ŤBlueStone & Aye Finance IPOs, Ola Electric Answers Back & More
- SEBI has approved the IPO plans of BlueStone and Aye Finance amid global market turmoil.
- BlueStone's IPO includes a fresh issue of INR 1,000 Cr shares and an OFS component, while Aye Finance's offer consists of a fresh issue of INR 885 Cr.
- BlueStone saw a 64% YoY revenue growth in FY24, with narrowed losses, while Aye Finance's net profit surged 37% YoY in the first six months of FY25.
- SEBI approval comes at a challenging time for stock markets with Indian indices down 10% since December.
- Macro headwinds may lead companies to delay filing their RHPs, reflecting caution seen in Ather Energy's case.
- Ola Electric clarified February sales data controversy, Neo Group marked first close of Fund II at INR 2,000 Cr, and Scripbox eyes $20 Mn fundraise.
- Jio Finance diversifies loan offerings, Q-Comm players under CCI scanner, Eloelo and Eat Better secure fundings, while Hypergro automates video ad creation with AI.
- Hypergro, eyeing a $3 Mn revenue target by FY26, aims to leverage AI to make a global impact in the hyper-personalised video ads space.
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Startup Pedia
6d
94
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“As of Now, It is a No to BYD”: Union Minister Piyush Goyal Restricts Market Access to the Chinese EV Giant
- The Indian government has not approved BYD's proposed $1 billion investment in the country due to security and investment concerns.
- Officials raised red flags over Chinese control of key auto tech infrastructure amid ongoing tensions between the two nations.
- In contrast, India has signalled a green light to Tesla, with policy shifts designed to attract the EV giant to set up shop domestically.
- India's aim is to increase the share of electric vehicles in total vehicle sales to 30% by 2030 and collaborations with global leaders like Tesla are seen as pivotal in achieving this target.
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Yourstory
6d
186
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The evolution of entry-level jobs; Infra.Market gears up for $700M IPO
- Hope is the fuel of progress as the global economy waits for US negotiations on tariffs, easing tension in the stock market.
- Indian benchmark indices rise amidst optimism despite trade war concerns, with startups like BlueStone and Aye Finance planning IPOs.
- Colossal Biosciences' claim of bringing back dire wolves raises debate among experts.
- Entry-level job requirements have evolved to demand AI proficiency, technical skills, and soft skills like adaptability and communication.
- Infra.Market prepares for a $700M IPO with an expected valuation target of $3-5 billion, reflecting strong growth and increasing project opportunities.
- Spinny reports a rise in online used car sales, highlighting consumer preference for transparent online purchases and financing challenges.
- Amazon introduces a new Gen AI model, Meta expands safety measures for teenagers on Instagram, and Emirates President warns about the impact of global tariffs on the aviation industry.
- The invention of Velcro was inspired by burdock burrs, observed by Swiss engineer George de Mestral.
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Yourstory
6d
78
Image Credit: Yourstory
Construction-tech company Infra.Market gears up for $700M IPO as private labels drive growth
- Infra.Market, a construction-tech company, is gearing up for a $700 million IPO with a valuation target of $3-5 billion, expected to file its draft prospectus by June.
- The company raised over $120 million in a pre-IPO funding round in January, bringing its total funding to $487 million, with private labels driving growth.
- Infra.Market manufactures and supplies building materials across 15 categories under its own brands, focusing on private labels that contribute 64% of revenue.
- Founded in 2016, it operated profitably for three years before raising capital in 2019 and has over 250 tech-integrated manufacturing plants in 55+ cities.
- The company's revenue from operations grew 23% in FY24 to Rs 14,530 crore, with plans to achieve a revenue of Rs 18,000 crore in FY25 driven by private-label manufacturing.
- Infra.Market's expansion includes acquisitions like RDC Concrete and Shalimar Paints, with a focus on automation in supply chain and manufacturing processes.
- The digital infrastructure of Infra.Market leverages AI-driven automation to ensure demand planning, quality control, pricing transparency, and supply predictability.
- As the company prepares for its IPO, it aims to build India's first multi-product, multi-channel building materials platform, emphasizing increasing wallet share from existing projects.
- Infra.Market's recent $120 million pre-IPO funding round will strengthen its balance sheet and enhance working capital, with a focus on paying off debts and business expansion.
- The company's focus on efficiency, customer value, and strategic growth opportunities showcases investor confidence and future prospects in the construction industry.
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Dev
6d
260
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Automating EC2 Shutdown with Lambda, EventBridge & SNS –
- This article discusses automating EC2 shutdown using AWS Lambda, EventBridge, and SNS for cost-efficiency and improved resource management in cloud environments.
- Automating EC2 shutdown addresses common issues like forgetting to stop instances, leaving environments running unnecessarily, and managing idle resources.
- The automation project helps in cost control, resource management, operational discipline, efficiency, security, accountability, scalability, and integration across environments.
- It is beneficial for students, dev/test teams, startups, CI/CD pipelines, freelancers, and consultants to manage AWS resources effectively.
- The tools used include EC2, IAM, AWS Lambda, EventBridge, and SNS to schedule, execute the shutdown, and receive email notifications.
- AWS Lambda is a serverless computing service that responds to events, used here to stop EC2 instances at scheduled times.
- The implementation involves creating an EC2 instance, SNS topic with email subscription, Lambda function, IAM role with necessary permissions, EventBridge rule, and Lambda trigger.
- The system offers scheduled execution, logic handling in Lambda, and email alerts via SNS, all without manual intervention and in a scalable, serverless manner.
- Additional tips include starting instances in the morning, managing multiple instance IDs, logging actions in CloudWatch, and extending automation for RDS or S3.
- Cloud server automation benefits users by saving costs, reducing errors, and simplifying cloud usage, making it a valuable portfolio project for AWS certification aspirants.
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Economic Times
6d
251
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PhysicsWallah is eyeing buys to up UPSC test-prep business
- Edtech firm PhysicsWallah is considering acquisitions to strengthen its presence in the UPSC test preparation segment.
- PhysicsWallah is currently focused on the JEE and NEET segments but is looking to expand into UPSC and chartered accountancy.
- The company has raised significant funding and is evaluating assets, including Chaitanya Academy, Drishti IAS, and Rau’s IAS Study Circle, for potential acquisition.
- PhysicsWallah has previously made acquisitions in the entrance exam preparation and upskilling segments.
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Killerstartups
6d
70
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Walmart offering smartwatch for just $22
- Walmart is offering a smart watch for just $22, a massive 86% discount from its original price of $160.
- The smart watch comes in three colors: Black, Pink, and White.
- The watch features a 1.96-inch high-definition full screen display, is IP68 waterproof, and offers multiple sports modes.
- With over 700 reviews and an average rating of 4.4 out of 5 stars, customers appreciate its health tracking features, phone synchronization, and the convenience of caller ID on the watch face.
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Siliconangle
6d
33
Image Credit: Siliconangle
Portnox raises $37.5M to scale cloud-native zero trust access control
- Network security startup Portnox has raised $37.5 million in new funding to expand its zero-trust access control solutions.
- Portnox's cloud-native platform provides enterprise-grade security, eliminating the need for on-premises hardware.
- Their solutions include Network Access Control, Conditional Access for Applications, cloud-native RADIUS authentication services, and TACACS+ solution for administrative access.
- With nearly 1,000 global customers, Portnox has raised a total of $59.5 million to date.
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Siliconangle
6d
405
Image Credit: Siliconangle
Deep Cogito releases open-source language models that outperform Llama
- Startup Deep Cogito Inc. launched with language models that claim to outperform open-source alternatives.
- The Cogito v1 series models are available in sizes ranging from 3 billion to 70 billion parameters.
- Deep Cogito uses a hybrid architecture combining large language models and reasoning models.
- The company's IDA training method improves the models' performance by distilling knowledge from the generated answers.
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24 Likes
Siliconangle
6d
351
Image Credit: Siliconangle
Hawk secures $56 million to expand financial crime detection platform
- Hawk AI has raised $56 million in new funding to expand its financial crime detection platform.
- The company's platform offers a suite of products designed to enhance risk coverage and operational efficiency.
- Hawk's AI Overlay solution augments existing AML systems, reducing false positives and improving risk detection accuracy.
- One Peak Partners led the funding round, joining existing investors in supporting Hawk's mission.
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21 Likes
Killerstartups
6d
194
Image Credit: Killerstartups
Automation in startups: AI-driven efficiency surges
- Many startups are rapidly advancing coding automation to improve efficiency.
- Startups aim to achieve automation levels between 40% and 85% by 2025.
- Coding automation is driven by the adoption of generative AI tools.
- Automation allows developers to focus on higher-value innovation and problem-solving.
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11 Likes
TechCrunch
6d
144
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A 25-year-old police drone founder just raised $75M led by Index
- Seattle-based startup Brinc Drones, founded by 25-year-old Blake Resnick, has raised $75 million in funding led by Index Ventures.
- The funding brings Brinc's total funding to $157.2 million, with an 'up-round' valuation compared to the previous round.
- Brinc sells drone systems to police and public safety agencies, aiming to compete with Chinese players in the commercial drone industry.
- A strategic alliance with Motorola Solutions will integrate Brinc drones into 911 call centers for dispatch during emergency calls.
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Siliconangle
6d
239
Image Credit: Siliconangle
Networking startup Tailscale raises $160M at $1.5B valuation
- Networking startup Tailscale has raised $160 million in funding, valuing the company at $1.5 billion.
- Tailscale develops a virtual private network (VPN) platform that allows customers to establish secure encrypted connections between remote systems.
- The company's approach eliminates the need for a VPN gateway, resulting in lower latency and improved network performance.
- Tailscale plans to use the funding to expand its engineering and product teams and invest in the free version of its platform.
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