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Startup News
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Neo Asset Management hits first close of second private credit fund at Rs 2,000 crore
- Neo Asset Management has announced the first close of its second flagship private credit fund, the Neo Special Credit Opportunities Fund-II (NSCOF-II), at Rs 2,000 crore.
- The registered Category II Alternative Investment Fund is targeting a total corpus of Rs 5,000 crore and focuses on providing structured credit to mid-market, EBITDA-positive companies.
- NSCOF-II's strategy involves extending credit backed by substantial hard asset collateral and regular coupon payments.
- The first close of NSCOF-II attracted family offices, ultra-high net-worth individuals, and institutional investors, demonstrating the growing interest in private credit strategies.
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Yourstory
7d
109
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Reviving the Dire Wolf: A Leap in De-Extinction Technology
- U.S.-based biotech firm, Colossal Biosciences, has revived the dire wolf, a species extinct for 12,500 years, through genetic engineering, marking the world's first true de-extinction event.
- Using ancient DNA from fossils, Colossal reconstructed the high-quality genomes of dire wolves and edited modern gray wolf DNA to include key genetic variants unique to dire wolves.
- Three dire wolf pups, Romulus, Remus, and Khaleesi, were successfully born through the cloning process, exhibiting signature traits of their ancestors.
- The implications of de-extinction include conservation potential to bolster biodiversity and restore ecosystems, as well as ethical considerations and debate about the ecological impact and funding allocation.
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Medium
7d
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Exploring the Industry-Focused Pre-Acceleration Program: Insights from Infineon
- The Industry-Focused Pre-Acceleration Program in 2024 aimed to enable deep tech startups with Infineon technology and provide business coaching through partners like Bridgio.
- Infineon technologies supplied startups with their Deepcraft™ AI Tools, offering hardware and technical support to develop innovative applications in semiconductor technologies.
- Startups were selected based on innovative application ideas and team composition, with the goal of turning ideas into prototypes within the program's three-month runtime.
- The long-term collaboration with program winners and Bridgio benefits Infineon by supporting startups in product development and market introduction.
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Inc42
7d
228
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CCI Seeks Details Of Quick Commerce Firms Market Share In FMCG Space: Report
- The Competition Commission of India (CCI) has asked for details on the market share of quick commerce players in the FMCG sector.
- The CCI is seeking additional information on the complaint against Blinkit, Zepto, and Swiggy Instamart by the All India Consumer Products Distributors Federation.
- The CCI also wants clarity on exclusive distribution agreements and evidence of tie-in-agreements and discriminatory pricing by quick commerce firms.
- The quick commerce sector is expanding, and revenue in the sector is projected to reach $9.95 billion by 2029.
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Inc42
7d
286
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D2C Snacking Brand Eat Better Bags INR 17 Cr From Prath Ventures, Others
- D2C snacking brand Eat Better has raised INR 17 Cr in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital, along with other existing investors.
- The startup plans to use the funding to expand its product line and scale up business on various quick commerce platforms.
- Founded in 2020, Eat Better sells healthy snacks such as dry fruit ladoos, namkeens, and nuts and seeds, and claims to fulfill 2 Lakh orders every month.
- The overall food and beverages market in India is set to become a $68 Bn opportunity by 2030.
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Medium
7d
141
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The Product Manager’s Pyramid
- Product managers need clarity about responsibilities to navigate politics and solve customer problems effectively.
- A shared understanding of the PM role helps in working more effectively as a team.
- Consistent access to engineers, designers, and other specialists is crucial for building momentum.
- Having a minimal framework for idea development and release is important for prioritization and success.
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Medium
7d
4
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Savvy’s Thought of the Day™: Positioning the Exit
- Building a business is mostly a "long game," focusing on developing enterprise value over time.
- Having situational awareness and positioning the startup for success is crucial.
- Example of successful positioning: Instagram's acquisition by Facebook, resulting in a massive return on investment for stakeholders.
- Advice: Build your business with intentionality and consider the long-term value of each step.
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Yourstory
7d
53
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PARÉ Innovations secures $8.5M for expansion plans
- PARÉ Innovations, a manufacturer of ceiling, wall, and facade panels, raised $8.5 million in its first funding round from Advenza Global Limited.
- The funding round gives the company a post-money valuation of Rs 540 crore and marks a significant leap forward in PARÉ's ambitious growth strategy.
- With a presence in 13 countries, the company plans to accelerate domestic and international expansions to reach over 50 countries.
- PARÉ Innovations aims to strengthen its position in India’s Tier II and III cities, focusing on deepening market penetration and eventually seeking a potential public listing.
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SiliconCanals
7d
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Dutch-based QurieGen raises €2.2M to build ‘Google Maps for cells’ and transform cancer drug discovery
- Dutch-based cellular technology company QurieGen has raised €2.2M in a pre-seed funding round, supported by investors including Tensor Ventures, Lighthouse Ventures, BSV Ventures, Moondust Ventures, and 22 Hor Invest, as well as Tim Draper of Draper Associates.
- The funding will be used to develop AI-based technology to accelerate drug development progress in oncology and enhance the drug discovery and development process.
- QurieGen's platform combines proprietary technology for cellular mapping, single-cell genomics, and advanced data science to build predictive disease biology and drug response models, reducing risks and accelerating drug discovery.
- Selected for the prestigious NATO DIANA program, QurieGen will receive funding, access to test centers, and participation in dedicated accelerators to develop dual-use technologies applicable in both civilian and defense sectors.
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Inc42
7d
263
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IndiaAI Mission In Final Leg Of Evaluating LLM Applications For Funding: Ashwini Vaishnaw
- The evaluation of AI Large Language Model (LLM) applications for funding under the IndiaAI Mission is in the final stage.
- IT minister Ashwini Vaishnaw stated that the government will soon shortlist entities for funding under the mission.
- The IndiaAI Mission aims to create an AI ecosystem by offering supercomputing capabilities and has received around 120 applications in the second round of bidding.
- India is home to over 200 AI startups that have raised more than $1.2 billion in funding between 2020 and 2024.
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Inc42
7d
120
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Jio Financial Services To Now Offer Digital Loans Against Securities
- Jio Finance Limited (JFL) has introduced loans against securities.
- Customers can leverage their investments to avail loans up to INR 1 Cr.
- The loan process is digital and the disbursal time is within 10 minutes.
- Jio Financial Services recently infused INR 1,000.24 Cr in Jio Finance Limited.
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ISN
7d
294
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CADRE ODR raises $200,000 strategic funding from Share Samadhan
- CADRE ODR, an Online Dispute Resolution (ODR) platform, has secured $200,000 strategic funding from Share Samadhan.
- The investment will fuel CADRE's global expansion plans through joint venture entity ResolvCO, with a focus on entering markets in Australia and South Africa.
- CADRE ODR provides rapid and cost-effective solutions for commercial and other disputes, using AI-driven technology to reduce resolution timelines to 45-60 days.
- The funding will be used to enhance CADRE's AI capabilities and support its market entry strategy in the new territories.
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Yourstory
7d
149
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Rajasthan Budget 2025-26: Major Announcements for Law and Order and Good Governance
- Rajasthan Deputy Chief Minister and Finance Minister Diya Kumari presented the state budget for the financial year 2025–26.
- Key announcements include the introduction of the Rajasthan Civil Security Act, strengthening of the police force, establishment of a Cybersecurity Center, and reforms in the judicial process.
- Other highlights include the expansion of police administration, establishment of cyber police stations, digital initiatives, and the allocation of funds for new district-level offices.
- These measures aim to improve law and order, promote good governance, and enhance administrative services in Rajasthan.
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Yourstory
7d
406
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Rajasthan Budget 2025-26: Rajasthan Vehicle Scrap Policy Implemented
- The Rajasthan government presented the state budget for 2025–26 with a focus on renewable energy, rural development, and infrastructure growth.
- Key sectors of the Green Budget include climate change adaptation, sustainable agriculture, green energy, and recycling & waste management.
- Under the National Natural Farming Mission, 2.5 lakh farmers will receive subsidies, and organic farming will be promoted.
- The implementation of the Rajasthan Vehicle Scrap Policy, establishment of Waste to Wealth Parks, and the promotion of circular economy are major highlights.
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Yourstory
7d
228
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Rajasthan Budget 2025-26 Analysis: Strong Focus on Green Growth, Youth Employment, and Infrastructure
- Rajasthan's Deputy Chief Minister and Finance Minister Diya Kumari presented the state's budget for 2025-26 in the Assembly, focusing on green growth, youth employment, and infrastructure.
- It is the second full budget under Chief Minister Bhajanlal Sharma's government and Rajasthan's first-ever 'Green Budget.'
- The budget speech outlined ambitious plans for environmental conservation, climate adaptation, and infrastructure development, aiming to drive Rajasthan's economic and green growth.
- Emphasizing on youth employment, environmental sustainability, and infrastructure, the budget aims to position Rajasthan as a key driver of India's economic progress.
- Key budget highlights include estimated revenue receipts of ₹2,94,536.49 crore, revenue deficit of ₹31,009.41 crore, and fiscal deficit of ₹84,643.63 crore.
- The budget focuses on environmental initiatives, such as the Green Aravalli Development Project, solar energy incentives, climate adaptation plans, and circular economy promotion.
- With a target of becoming a $350 billion economy by 2030, Rajasthan plans significant investments in infrastructure, industrial development, and green energy.
- Employment policies include the creation of government and private sector jobs, introduction of youth entrepreneurship schemes, and expansion of expressways and metro projects.
- Urban and rural development initiatives cover traffic system improvements, water and gas connections, educational infrastructure enhancements, and industrial development support.
- The budget also addresses cybersecurity, social welfare, agriculture, and farmers' welfare by allocating funds for cyber control centers, stamp duty rebates, agricultural loans, and irrigation projects.
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