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Startup Pedia

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Mumbai-based startup founder withdraws ₹22 LPA job offer over candidate's religious remarks

  • Mohammed Ahmed Bhati, founder of Mumbai-based startup Jobbie, withdrew a ₹22 lakh per annum job offer due to derogatory comments by a candidate on religious communities on LinkedIn.
  • The candidate excelled in the interview process, suggested platform improvements, and applied after seeing Jobbie's viral Reddit post of conducting 450 interviews for 12,000 applicants.
  • Bhati emphasized the importance of respect and values, stating that talent gets a foot in the door but values determine if one stays, highlighting the startup's commitment to decency.
  • Netizens had mixed reactions to the decision, with some applauding the prioritization of values over technical competence while others criticized the action as a form of 'cancel culture' in hiring.

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TechCrunch

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Why Cloudflare wants AI companies to pay for content

  • Cloudflare is launching Pay per Crawl experiment to charge AI companies when their bots scrape a site, potentially changing how content is accessed online.
  • TechCrunch's Equity podcast discusses Cloudflare's move, considering its significance after developing bot-blocking tools and the potential impact on online monetization.
  • Additional topics covered in the podcast include the viral success of ICEBlock app, Figma's S-1 filing, Grammarly's acquisition of Superhuman, and Tesla co-founder's new venture.
  • Equity podcast returns next week, and listeners are encouraged to subscribe to platforms such as Apple Podcasts, Overcast, and Spotify.

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Insider

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Anduril CEO Palmer Luckey's new digital banking startup set to be valued at $2 billion, sources say

  • Palmer Luckey, founder of Anduril Industries and Oculus, is launching a new digital bank named Erebor for startups and cryptocurrency companies.
  • Erebor is set to raise at least $225 million at a $2 billion valuation, with backing from Founders Fund and 8VC.
  • The startup, inspired by JRR Tolkien's 'The Lord of the Rings,' plans to provide services like crypto-collateralized lending.
  • The involvement of backers who have supported President Trump comes as the Trump administration shows interest in the cryptocurrency industry.

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Massivelyop

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Blue Protocol: Star Resonance interview highlights the devs’ genuine MMORPG ambitions

  • Blue Protocol: Star Resonance aims to be a core MMORPG with a PvE battle focus and casual gameplay, featuring dungeons, raids, and various life-skill activities.
  • Players will have the opportunity to engage in activities like building a house, fishing, participating in seasonal events, and more casual gameplay elements.
  • The game is set to focus on core characters rather than alts, with plans for upcoming classes, cosmetics, and a global launch later this year after the Chinese version releases.
  • The interview sheds light on the game's development, gameplay features, and the upcoming beta, making it an intriguing prospect for fans of MMORPGs.

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Medium

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The Buffalo Bills Join the Boomerang Network: A Win for Lost & Found and the Bills Mafia

  • The Buffalo Bills have joined the Boomerang Network to enhance the fan experience, including recovering lost items.
  • This move is seen as a significant step to cater to the passionate Bills Mafia, offering them a magical lost item recovery experience.
  • The Boomerang Network already includes well-known NFL venues like Empower Field at Mile High, Huntington Bank Field, and Nissan Stadium.
  • CEO of Boomerang, Skyler Logsdon, highlighted the Bills' commitment to innovation and fan satisfaction in this partnership.

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ISN

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Meesho files confidential DRHP with SEBI to raise Rs 4,250 crore in primary capital

  • Meesho, the budget-friendly e-commerce platform, has confidentially filed a DRHP with SEBI to raise Rs 4,250 crore in primary capital.
  • The total IPO size is expected to be around Rs 8,500 crore, combining fresh issuance and an offer for sale (OFS) component.
  • Meesho's confidential filing allows it to gauge investor interest and refine its offer before going public, following a reverse flip transaction and a recent name change.
  • Engaging Citi, Kotak Mahindra Capital, Morgan Stanley, and Axis Capital as bankers, Meesho reported Rs 7,615 crore in revenue for FY2024 and is the seventh Indian startup to file a confidential DRHP in 2025, joining other firms in India's startup IPO pipeline.

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ISN

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All In Capital unveils Elevator Pitch 2.0 to invest in startups from tier 2 and 3 cities

  • All In Capital launches Elevator Pitch 2.0, focusing on startups from India's tier II and III cities.
  • The program aims to identify 15 promising startups with sub-Rs 50 crore valuations, offering them direct investment, mentorship, and visibility.
  • Elevator Pitch 2.0 seeks to rebalance venture capital access by emphasizing innovation from overlooked regions and eliminating the need for elite networks.
  • The initiative, part of All In Capital's second fund deployment, reflects a shift towards supporting early-stage startups and fostering entrepreneurship beyond major tech hubs.

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Inc42

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Swiggy Block Deal: BNP Paribas Acquires Shares Worth INR 122 Cr

  • BNP Paribas Financial Markets acquired around 3,20,421 shares of Swiggy at INR 381 per share in a block deal worth approximately INR 122.08 Cr.
  • The deal represented a discount of 1.3% per share from the closing price of Swiggy's shares on the day, which resulted in a market capitalization of INR 96,267.24 Cr for Swiggy.
  • Swiggy recently closed down struggling non-core initiatives like Swiggy Minis and Swiggy Genie, while facing a drop in revenue and increased losses in the platform innovations segment.
  • IIFL Capital's 'buy' rating and price target of INR 535 per share led to a 10% stock increase, but noted Swiggy lagging behind Eternal in food delivery and quick commerce.

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ISN

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Hotmail founder criticises Bengaluru traffic, says, 'How do people tolerate this every day?'

  • Hotmail co-founder Sabeer Bhatia criticizes Bengaluru's traffic congestion, questioning how people tolerate it daily.
  • Bengaluru's traffic has worsened over the years, ranking as the world's third slowest city for traffic with significant increases in average travel time.
  • Bhatia's remarks resonated with many frustrated commuters and entrepreneurs, sparking discussions about potential solutions like boycotting the city and urging corporate responsibility.

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Andrew Chen

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Lies per Second, Meetings per Decision Ratio, and other important biz metrics

  • Exploring unique business metrics like Lies per Second and Meetings per Decision Ratio.
  • Discussing interesting measurements such as micromorts, CPHP, Complaints per Hour, and more.
  • Introducing new business metrics like Time to First Excuse, Numbers vs Text Ratio, and others.

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TechCrunch

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Pinwheel introduces a smartwatch for kids that includes an AI chatbot

  • Pinwheel introduces a $160 smartwatch for kids aged 7 to 14.
  • The watch includes GPS tracking, camera, and AI chatbot feature.
  • Parents have full visibility of interactions and can set controls.
  • The AI chatbot safeguards against inappropriate or sensitive topics.
  • Pinwheel aims to compete in the smart wearable market strategically.

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Eu-Startups

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Swiss robotics company Nautica Technologies raise €3.4 million for its underwater robots

  • Swiss robotics startup Nautica Technologies raises €3.4 million to commercialize its underwater hull maintenance technology.
  • Funding round led by b2venture with participation from angel investors and partners to support commercial deployments.
  • Nautica's autonomous underwater robots aim to reduce fuel consumption, combat biofouling, and improve vessel efficiency.
  • The company's technology offers proactive hull maintenance, potentially leading to significant fuel savings and environmental impact reduction in the maritime industry.

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TechCrunch

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Castelion is raising a $350M Series B to scale hypersonic missile business

  • Startup Castelion is raising a $350 million Series B, led by Lightspeed Venture Partners and Altimeter Capital.
  • The company, founded by former SpaceX executives, aims to transform the production of hypersonic missile systems, a crucial national security technology.
  • The U.S. government is concerned about China's advancements in hypersonic weapons, prompting interest in Castelion's approach to quickly build and test low-cost hypersonic missiles.
  • Castelion has secured grants from DoD offices and won a contract in the Army's fiscal year 2026 budget request for its Blackbeard Ground Launch hypersonic weapon.

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TechRound

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Canvas Events: A David and Goliath Story

  • Canvas Events was launched without venture capital, focusing on making the venue-finding process more efficient and personal.
  • The bootstrapped platform became one of London's top venue-finding platforms by prioritizing deep understanding of client needs.
  • Limited resources led to strategic growth, thoughtful scaling, and intentional product development, avoiding investor-driven decisions.
  • Canvas focuses on removing friction in the venue discovery and booking process, with curated venues and direct communication, incorporating real user feedback for feature development.

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TechCrunch

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Tighten up your cap table with Fidelity, Cimulate, and DepositLink at TechCrunch All Stage 2025

  • Founders attending TechCrunch All Stage 2025 will gain valuable insights on cap table management during the roundtable session 'Preparing to Raise: Cap Table Best Practices to Help You Close Fast'.
  • Experts from Fidelity, DepositLink, and Cimulate will provide advice on legal readiness, equity clarity, and investor expectations to facilitate successful fundraising.
  • Key discussion points will cover maintaining a clean cap table, essential documents for diligence, minimizing legal costs, and early preparation strategies for founders.
  • Attendees can expect practical advice on raising capital efficiently and ensuring startup readiness for potential investment opportunities.

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