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Startup News
ISN
7d
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Gurugram-based NoPaperForms converts into public company as it prepares for IPO
- Gurugram-based SaaS startup NoPaperForms, known for its flagship brand Meritto in the education sector, has transitioned into a public company in preparation for an IPO by the end of 2025.
- Recent filings reveal that the company's board approved the name change from NoPaperForms Solutions Private Limited to NoPaperForms Solutions Limited, a critical step for going public in India.
- NoPaperForms aims to raise around Rs 500-600 crore through its IPO, managed by investment banks IIFL Capital and SBI Capital, with an estimated valuation of Rs 2,000 crore.
- Founded in 2017 by Naveen Goyal and Suraj Sapra, NoPaperForms offers Meritto, a platform for managing the student lifecycle, and operates Collexo, a fee management system. The startup's financials have shown significant improvement, with profits in FY24 compared to a loss in FY23.
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Startup Pedia
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Zoho acquires Kochi-based Asimov Robotics, opens R&D campus in Kerala
- Zoho Corporation has acquired Kochi-based deeptech startup Asimov Robotics to step into AI and robotics research and deep-tech innovation.
- Asimov Robotics, founded in 2012, is known for developing service and industrial robots, including humanoid robots, healthcare and assistive robots, and robotic platforms for industrial automation and disaster management.
- Zoho inaugurated its R&D campus in Kerala's Kottarakkara and aims to strengthen its capabilities in AI and robotics, focusing on making India self-reliant in critical technologies.
- Zoho also partnered with Kerala Startup Mission to co-develop a 'deep-tech product studio' supporting startups and researchers, with the goal of nurturing innovation from rural India and solving high-end technology challenges.
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Inc42
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Lenskart Invests In AjnaLens To Develop AI-Powered Smart Glasses
- Lenskart has made a strategic investment in Mumbai-based deeptech startup AjnaLens to develop AI-powered smart glasses.
- The acquisition combines Lenskart's frame design expertise with AjnaLens' technological capabilities in extended reality technology.
- AjnaLens provides hardware and software solutions using XR technology for sectors like defence and enterprises.
- Lenskart aims to enhance its presence in the smart glasses category following its previous launch of audio eyewear.
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AllTopStartups
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Blurred Lines Between Work and Home Are Harming SME Productivity – Here’s How to Fix It
- The 'infinite workday' is draining productivity for small business owners and their teams, leading to burnout and diminishing creativity.
- The consequences of an always-on culture include high stress levels, diminished productivity, and a blurred line between work and home life, impacting overall wellbeing.
- To combat the negative effects, small businesses can redesign the workweek rhythm, set clear boundaries, reframe urgency, utilize smart tools, and regularly check in on workload and wellbeing.
- Small business owners have the opportunity to create a healthier and sustainable work culture by implementing clear boundaries and smart strategies to improve productivity and overall well-being.
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Medium
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Perplexity Max Just Went Live at $200/Month: Real Value or Borderline Scam?
- Perplexity AI has launched their new product, Perplexity Max, priced at $200 per month.
- The article examines how Perplexity AI focuses on minimal innovation for maximum profit, categorizing it as a middleman company that adds new features to existing technology.
- Perplexity AI is criticized for tacking on new features and rebranding existing technology, without significant underlying changes.
- The article questions whether Perplexity Max's pricing and features offer real value or if it borders on a scam.
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Eu-Startups
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212
Can Europe catch up? Why the EU is still behind in the global AI race
- Europe faces growing strain in transatlantic relations amid global AI race competition.
- US and China lead in AI innovation and investment, as EU struggles to catch up.
- EU aims to promote AI innovation with ambitious plans but lags in investment.
- Challenges include digital infrastructure, capital, talent attraction, and closing skills gap.
- EU must invest, regulate wisely, and prioritize innovation to compete in global AI.
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Eu-Startups
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Paris-based AI suite Massive Dynamic raises €3 million to automate digital marketing operations
- Paris-based AI suite Massive Dynamic raised €3 million in a pre-Seed round to enhance its product development and expand the engineering team.
- The funding was led by Seedcamp and supported by other investors like Founders Future, Tiny Supercomputer Investment Company, and more.
- Massive Dynamic aims to automate operational tasks in digital marketing, allowing marketing teams to focus on strategy and growth opportunities.
- The company provides AI solutions for managing large advertising budgets, reducing manual workload, and improving marketing performance.
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Eu-Startups
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270
Belgian contractor management platform NineID raises €3.5 million to fuel European expansion
- Belgian contractor management platform NineID has raised €3.5 million in funding led by Pitchdrive to expand across Europe.
- NineID was founded in 2020 to streamline the process of managing external contractors, helping companies verify workers' documentation efficiently.
- The platform is used by over 40 multinationals, supporting 87,000 users and conducting more than 10,000 contractor check-ins daily.
- NineID's solution automates document processing, reduces human error, ensures compliance, and saves time, making it vital for companies facing future chain liability regulations.
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ISN
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208
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Mentored by late Ratan Tata, This founder is distributing sanitary pads for free across rural India
- Arjun Deshpande, founder of Generic Aadhaar, has launched the 'Stree Shakti – A No-Profit Initiative' to provide free sanitary pads in rural Maharashtra.
- The initiative aims to address menstrual health disparities in underserved districts and targets areas with low sanitary napkin usage due to affordability and cultural barriers.
- Inspired by Ratan Tata's vision, the project offers low-cost sanitary pads and involves door-to-door campaigns for direct distribution to women and girls.
- The initiative, dubbed as the 'Real Padman of India,' plans to expand to other states and collaborate with local NGOs to promote menstrual hygiene awareness.
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SiliconCanals
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Winners of Gerard & Anton Award 2025: Meet the 10 most promising startups from Brainport
- The 10 new winners of Gerard & Anton Award 2025 were announced in Eindhoven.
- Focused on Brainport startups, the awards mark the 11th year, celebrating innovation.
- Highlighted startups include AVOXT, ARTIC Technologies, EYEO Imaging, Fastmicro, and more.
- Innovation ranging from hydrogen technology, cancer diagnostics, to ultra-fast diagnostics system.
- Startups aim for global impact with support from Brainport ecosystem and international funding.
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Startup Story
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408
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FINAC by AKSSAI ProjExel Partners with AU Small Finance Bank to Offer Exclusive Business Plans to its Business Account Holders
- FINAC by AKSSAI ProjExel partners with AU Small Finance Bank to offer exclusive benefits to the bank's business account holders.
- AU SFB customers can now access FINAC's services at reduced rates through two limited period offers, valid until June 30, 2026.
- The first offer allows AU SFB customers to subscribe to FINAC's Advance Plan at a 73% discount, while the second offer provides complimentary access to the Basic Plan.
- The strategic collaboration aims to help small and medium businesses manage their financial operations effectively, with FINAC's tailored services addressing challenges related to compliance, bookkeeping, and financial record management.
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Eu-Startups
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Swiss ClimateTech startup Crosstown raises €2.5 million to run gas turbines on renewable fuels
- Swiss ClimateTech startup Crosstown H2R AG secured €2.5 million in Seed funding to accelerate the deployment of its H2R Burner technology that enables gas turbines to run on 100% renewable fuels like hydrogen.
- Investors in this funding round included 2100 Ventures, Climate Insiders, and Unruly Capital and SDAC, along with existing backers like CiRi, Voyagers, and the Swiss Federal Office of Energy (SFoE).
- Crosstown's key product, a proprietary burner technology, can reportedly eliminate over 300,000+ tons of CO₂ emissions annually by enabling gas turbines to operate on zero-carbon fuels, with the capability to reduce NOx emissions by up to 85%.
- The funding will also support Crosstown in expanding its technology to different turbine types, forging sales partnerships, and contributing towards decarbonizing gas turbines globally, aligning with Europe's push to reduce fossil fuel dependence.
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Eu-Startups
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Swiss ClimateTech startup Crosstown raises €3.2 million to run gas turbines on renewable fuels
- Swiss ClimateTech startup Crosstown H2R AG has raised €3.2 million in seed funding to accelerate the deployment of its H2R Burner technology.
- The technology allows gas turbines to operate on 100% renewable fuels like hydrogen, aiding in decarbonisation efforts in the gas turbine sector.
- The funding will support the expansion of Crosstown's product portfolio to be applicable for thousands of turbines globally, aiming to reduce CO₂ emissions and enhance energy sovereignty.
- Crosstown's burner technology enables gas turbines to run on zero-carbon operation, reducing NOx emissions by up to 85% and potentially eliminating 100% of CO₂ emissions.
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Startup Pedia
7d
102
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139‑YO canned-food brand Del Monte Foods files for bankruptcy, seeking buyer
- 139-year-old canned fruit company Del Monte Foods filed for Chapter 11 bankruptcy in New Jersey. The company listed liabilities between $1 billion and $10 billion.
- The decision to file for bankruptcy was made after careful consideration. A court-supervised sale process is seen as a way to accelerate their turnaround.
- Del Monte Foods secured $912.5 million in new funding to continue operations. The company aims for an improved capital structure and financial position with new ownership.
- The shift in consumer preferences away from canned food has impacted Del Monte Foods. The company, once a market leader, faces challenges amidst changing consumer demands.
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Inc42
7d
120
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BlackBuck Subsidiary Gets PPI Licence From RBI
- BlackBuck's parent company Zinka Logistics' subsidiary secures a PPI licence from RBI.
- The licence was granted to TZF Logistics Solutions Pvt Ltd, BlackBuck's wholly owned subsidiary.
- PPIs enable purchase of goods/services, financial services, remittance facilities, etc., using stored value.
- The licence will allow TZF Logistics Solutions to set up and operate a payment system for prepaid payment instruments.
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