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BlackBuck revs up for stock market; A tribe of twin parents

Agility Robotics has opened RoboFab, the world’s first humanoid robot factory in Oregon. The assembly plant will be able to produce 10,000 humanoid robots annually. The Nobel Prize in Physics has been awarded to Geoffrey Hinton and John Hopfield for their work on machine learning. BlackBuck revs up for stock market with SEBI approval for IPO.
Trucking marketplace BlackBuck looks to raise Rs 550 crore through a fresh issue of shares. Zinka Logistics Solutions will use Rs 200 crore towards sales and marketing and infuse Rs 75 crore for product development. With the run rate of Rs 40-50 lakh in six months, TwinsTribe isn't looking to raise funds in the near future.
Madan Padaki, Founder and CEO of 1BRIDGE, promotes entrepreneurship to galvanise the digital district economy, emphasising the gap in rural financial inclusion. PepsiCo lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales.
Hindenburg Research disclosed a short position in Roblox, alleging the gaming platform inflates metrics, including user numbers. A stock market rally in China has fizzled out as an announcement on plans to boost the country's economy has disappointed investors.

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Yourstory

185

India’s startup ecosystem is seeing a shift to sustainable, profitable businesses, VCs say

VC funding into Indian startups has shown strong signs of recovery in 2024, with a nearly 30% year-on-year increase in fund inflows during the first nine months.
Investors are increasingly optimistic about growth opportunities in sectors like AI, fintech, deep tech, and sustainability.
The focus has shifted from growth-at-all-costs to a focus on profitability and sustainable business models.
Investors are interested in teams that have a deep understanding of the domain, vertical, and technology, with a clear plan for unit economics and long-term viability.

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Yourstory

347

Navigating the ‘twinscape’: How this startup is building a tribe of twin parents

TwinsTribe, an Indian start-up, designs and sells products for twin babies, offering 44 items including twin strollers, bassinets and activity logs.
The company began as an online community for twin parents, who face increasing demands, with a spike in twin pregnancies in India.
TwinsTribe's stroller weighs 11.5 kg and is the lightest in its segment, while the company has sales via retailers HunyHuny, Leclerc, and Babyzen Yoyo, as well as about 70% of sales from its website and 25-30% from Amazon.
TwinsTribe aims to establish an experts' network for counselling on breastfeeding, nutrition, mental health and sleep training, as well as offering a line of twin pillows.
Data Bridge Market Research predicts the Indian baby care products market may rise to $15.32bn by 2031, growing at a compound annual growth rate of 3.42%.
The founders aim to continue doubling sales every month and reach a run rate of INR40-50 lakh in six months.
TwinsTribe says its market segment is often overlooked, creating a gap which its products fill due to the unique challenges faced by twin parents.
The company does not plan to raise finance in the near future.
However, fitting in parenting with a top career remains a challenge, co-founder Ruchika Agrawal said.
The company hopes to become a global enterprise over the next five years.

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StartupDaily

325

Bailador tops up volunteer management startup Rosterfy with $3 million

ASX-listed venture capital fund Bailador Technology Investments has increased its stake in people management software platform Rosterfy with an additional $3 million investment.
Rosterfy provides volunteer and workforce management software to not-for-profit organizations and mass-scale events. It has doubled its users to 3 million and expanded to 35 countries since Bailador's initial investment in April last year.
The new funding has resulted in a 14% increase in Bailador's valuation of Rosterfy to $17.1 million.
The additional funding will support Rosterfy in expanding its global go-to-market teams and accelerating its product roadmap.

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StartupDaily

Elon Musk’s microblogging site tried to avoid a $610,500 Australian government fine because its name changed – but lost in court

Elon Musk's microblogging site, previously known as Twitter, lost its attempt to avoid a $610,500 fine issued by the Australian government.
The court ruled that the name change and merger of the company did not relieve it from previous liabilities and obligations.
The eSafety Commissioner will continue its civil proceedings against the company to enforce the payment of the fine.
This legal battle arises from the company's alleged failure to provide information regarding efforts to address child abuse material on its platform.

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Economic Times

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Finance automation startup ZenStatement raises $1.6 million in seed funding

Finance automation startup ZenStatement has raised $1.62 million in seed funding.
The funding round was led by 3One4 Capital and Boldcap VC, with participation from Dynamis Ventures and Atrium Angels.
ZenStatement plans to use the funds to expand its product offerings and increase its presence in India and international markets.
The company offers an AI-powered financial analytics and cash flow management solution for enterprises.

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Economic Times

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Product design startup Figr raises $2.25 million from Kalaari Capital, others

Product design startup Figr has raised $2.25 million in a funding round led by Kalaari Capital.
The funding will be used to enhance Figr's AI models and expand its product and growth teams.
Figr enables design teams to create UI designs, build wireframes, and establish design systems.
The startup aims to achieve $1 million in annual recurring revenue (ARR) within the next year.

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Yourstory

284

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AI product design startup Figr bags $2.25M in seed funding round led by Kalaari Capital

Figr, an AI-based product design startup, has raised $2.25 million in seed funding led by Kalaari Capital.
The funds will be used to enhance Figr's core technology for UI/UX design and expand its product and growth teams.
Figr aims to streamline the design process by automating non-creative tasks and transforming rough ideas into fully functional designs.
The startup has gained traction with 75,000 signups and over 500,000 queries processed on its platform, with 80% of users coming from outside India.

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Hackernoon

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"It's not the big eating the small; it's the fast that eat the slow." says CEO/Founder of Linearity

Linearity makes a platform for graphic and motion design software.
They provide design tools that are accessible to everyone, even non-experts.
The team excels at executing fast to compete against established players.
Their success is measured by user growth, asset creation, and customer satisfaction.

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TechCrunch

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Ashton Kutcher, Effie Epstein, and Guy Oseary are coming to TechCrunch Disrupt 2024

Ashton Kutcher, Guy Oseary, and Effie Epstein, the general partners of Sound Ventures, will be speaking at TechCrunch Disrupt 2024.
Last year, Sound Ventures announced a $265 million AI fund and has since raised more money for the same fund.
Kutcher and Oseary started their venture path in 2010 with A-Grade Investments and later founded Sound Ventures in 2014.
Effie Epstein joined Sound Ventures to complement their skill sets. She brings diverse experiences from the energy sector and investment banking.

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The Total Entrepreneurs

370

Why Franchising Could Be Your Best Expansion Strategy: A Deep Dive for Startups

Franchising is an expansion strategy in which an established organization allows another entity to utilize its trademark or trade name.
Franchising provides an attractive route for swift development and often proves more efficient and less capital-intensive.
Franchisors benefit by attracting committed franchisees who will invest their funds to set up and run new locations.
Franchisees often cover the expenses associated with launching and running new locations.
Franchising naturally spreads business hazards by having franchisees take on their operations’ responsibilities and financial challenges.
Before embarking on a business journey, assessing whether your startup is genuinely prepared for the move is crucial.
To guarantee successful hiring, emphasize the unique selling points of the franchise like profitability, brand strength and comprehensive support systems.
Ensure transparent dialogue with franchisees and provide a supportive intranet platform for sharing advice and feedback.
Advanced analytics can yield insights into customer behavior, streamline inventory management and tailor marketing strategies.
Franchising offers a dynamic path for businesses aiming to establish their market presence.

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StartupDaily

139

A new study reveals that if you really want to keep staff, forcing them back into the office isn’t going to work

A new study by consultancy firm Mercer reveals that maintaining a flexible work culture is important for employee retention.
The study found that 89% of Australian organizations still offer the option of working from home, with the average number of office days per week at around three.
Flexible work arrangements are used to attract and retain top talent, enhance employee engagement, and foster a positive workplace culture.
The research contradicts recent moves by some big businesses, such as Amazon, to mandate employees' return to the office full-time.

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Siliconangle

343

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Distributional raises $19M to enhance reliability of AI testing for enterprises

Distributional Inc. has raised $19 million in funding to enhance the reliability of AI testing for enterprises.
The company provides an enterprise platform for consistent, adaptive, and reliable AI testing.
Distributional's platform tests the consistency of AI and machine learning applications, helping AI engineering and product teams gain confidence in the reliability of their AI applications.
The platform automates AI testing, offers intelligent suggestions, and allows teams to continuously identify and mitigate AI risks.

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Gritdaily

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How FUT Set Maitham on a Path to Starting a Next-Gen Video Game Startup at 19

FIFA Ultimate Team (FUT) game mode served as a learning platform for Maitham Maitham to understand virtual economies and start his own gaming company at the age of 19.
Maitham learned about market dynamics and trading in FUT by earning in-game coins through trading instead of purchasing microtransactions.
As the Co-Founder & CEO of Material10, Maitham aims to create engaging multiplayer games with fully open economies and player-driven economies that can scale to the size of countries.
Material10 offers fresh gameplay experiences and a new business model that focuses on giving away in-game items for free and monetizing through taxing player-to-player trades.

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Medium

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Deep Climate Unicorns: What 100+ $1B Startups Have in Common?

A comprehensive, data-driven study of 100+ climate and climate-adjacent unicorns was conducted to reveal the key factors behind their success.
Startups that leverage cornered resources as their primary moat emerged as category leaders.
84% of these startups operate in existing markets, while only 16% are creating entirely new markets.
The data revealed that 65% of climate and climate-adjacent startups are hardware-focused.
51% of CEOs have prior founder experience, while only 20% of CTOs do.
78% of the startups demonstrate strong founder-product fit.
Valuation and its growth are consistently higher for horizontal companies.
80% of these startups achieved unicorn status in less than six years, with 60% reaching this milestone in under four years following their first equity round.
Key factors such as CEO’s age, previous founder experience, timing, and funding amount significantly impact the time to unicorn.
The study reveals that the funding requirements increase as the number of risks rises.

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