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Startup News
Yourstory
8h
229
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Inflation continues to hit FMCG industry, urban growth expected to slow in H1/2025: Kantar report
- The FMCG industry's volume growth has dropped to 4.3% amid inflationary pressures, according to Kantar report.
- FMCG volume growth in August-October 2024 was lower than the year-ago period and the previous quarter.
- Urban market volume growth slowed to 4.5% from 6.9% in 2023, indicating a slowdown but not a slump.
- Rural market growth was also underperforming with just 4% growth, led by wheat flour category.
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Inc42
8h
335
Image Credit: Inc42
Announcing The D2CX Cohort 4: Enabling New-Age Brands To Achieve 10X Scale
- Indian D2C ecosystem has become a category by itself with unique dynamics.
- The market is expected to reach $300 Bn by 2030 multiplying players from diverse categories.
- Every brand has a chance to thrive and the customers’ experimentation exists.
- D2CX fourth cohort is now open and will continue the hybrid model to empower early-stage D2C founders to learn scaling up strategies from the top 1% of D2C leaders in India.
- D2CX helps startups expand their brand’s presence, scale up growth, and revenue through the right mentorship, guidance, and support from experienced founders.
- The 12-week program covers aspects of product, branding, marketing, omnichannel growth and supply chain strategies, among others.
- Being a D2C founder is like running a marathon as the competition exists, and brands have to sacrifice margins and burn cash without seeing the outcomes.
- D2CX empowers founders to learn from the strategies and success stories of Indian prominent brands, overcome challenges, and apply these learnings for their specific brands.
- Inc42’s broader vision is to establish India as one of the global leaders in the consumer brands space.
- D2CX is curated specifically to support new-age brands with at least INR 5 Lakh in monthly revenue and with an operational website.
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Startup Story
8h
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EPACK Prefab Secures $20 Million in Funding from GEF Capital Partners to Revolutionize Construction Industry
- EPACK Prefab secures $20 million in funding from GEF Capital Partners.
- The funding will be used to enhance manufacturing capabilities and drive growth.
- EPACK Prefab aims to revolutionize construction practices with innovative, sustainable solutions.
- Modular construction technologies are seen as promoting sustainable practices in the industry.
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Startup Story
8h
296
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Univest Raises $10 Million in Series A Funding Led by Bertelsmann India Investments
- Retail advisory platform Univest has raised $10 million in a Series A funding round led by Bertelsmann India Investments (BII).
- This funding milestone positions Univest for accelerated growth as it aims to democratize access to high-quality research and develop a full-stack brokerage offering.
- Univest combines human expertise with advanced algorithms to provide actionable, real-time trading recommendations.
- The platform aims to create India's first true stock market superapp for retail investors by integrating research, trading tools, and educational resources.
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Inc42
8h
173
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Anant Goel’s Sorted Rebrands To Handpickd, Aims To Sharpen Focus On Online Play
- Anant Goel’s fruits and vegetable focused startup Sorted has been rebranded to Handpickd.
- Handpickd aims to leverage AI and enhance the online shopping experience in the F&V segment.
- Sorted claims to provide quality produce directly from farms and has completed over 100,000 orders in Gurugram.
- The company raised $5M in its seed round and plans to expand to more micro-markets.
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Yourstory
8h
67
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Startup and news updates: Daily roundup (December 24, 2024)
- Delhivery has appointed Navneet Kumar and Surajit Das in business leadership positions.
- Kumar will lead the company's supply chain services division and Das will manage the company's software-as-a-service (SaaS) platform, OS1.
- NetApp has appointed Hitesh Joshi as its Director for Channels and Alliances for India and SAARC.
- The Ministry of Consumer Affairs and Gupshup are launching a virtual assistant named Jagriti to assist in complaint filing.
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Startup Story
8h
254
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Sparkl Edventure Secures $4 Million in Seed Funding from Rainmatter and Zomato’s Deepinder Goyal
- Delhi NCR-based edtech startup Sparkl Edventure has raised $4 million in a seed round.
- The funding was led by Rainmatter Foundation and Zomato's Deepinder Goyal.
- Sparkl Edventure focuses on providing online tutoring for students in grades 6 to 12, specializing in IB and Cambridge curricula.
- The funds will be used for hiring teachers, enhancing technology, and marketing efforts.
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VIE Stories
8h
788
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EPACK Prefab Raises $20Mn In Its First Funding Round
- EPACK Prefab raises $20 million in its first funding round from GEF Capital Partners.
- The funds will be used to expand manufacturing facilities and upgrade equipment.
- EPACK Prefab aims to revolutionize construction practices and focus on sustainability.
- The company set a record by building India's fastest structure in 150 hours.
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Yourstory
8h
28
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20 Golden rules to embrace for a truly fulfilling life
- Living a fulfilling life means aligning your values, actions, and dreams.
- 20 golden rules to embrace for a fulfilling life, including being true to yourself, prioritizing your health, cultivating gratitude, nurturing relationships, and continuously learning.
- Other rules include practicing kindness, living in the present, setting meaningful goals, embracing failure as growth, simplifying your life, respecting nature, and staying curious.
- Additionally, it is advised to maintain financial wisdom, practice forgiveness, pursue passion projects, protect your energy, celebrate small wins, be resilient, and leave a legacy.
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ISN
9h
102
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CoRover.ai partners with Persistent to deliver cutting-edge, GenAI-powered conversational solutions
- Persistent Systems has partnered with CoRover to deliver cutting-edge, GenAI-powered conversational solutions.
- The collaboration aims to address new market demands, improve client experiences, and unlock enhanced revenue prospects.
- CoRover.ai is a leader in Conversational GenAI, offering human-centric, multilingual, multi-modal, and multi-channel virtual assistants and AI agents.
- The partnership aligns with Persistent's AI-led strategy and aims to revolutionize customer engagement, streamline operations, and foster innovation.
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Startupreporter
9h
110
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Introducing Hafele’s New Range of Premium Appliances
- Hafele Premium Appliances has introduced innovative technologies and comprehensive solutions to cater to the demands of its audience since 2014. It has introduced many new technologies to India, such as the first fully-sealed hob design in India and filter-free technology for the first time in India. They launched a new product range of Enzo Touch Control Microwave with Grill and NERO Built-in Induction Hobs, which offer unmatched performance and versatility. Also, the latest introduction to Essentia Series, the Aurora 25L Built-in Microwave with Grill redefines convenience in the realm of modern cooking appliances. The company has a strong presence in synergized product categories like Home Appliances, Interior Furniture Lighting, Sanitary Solutions, and Surfaces across the country.
- Hafele's Enzo 28L Built-In Touch Control Microwave with Grill combines advanced technology, superior power, and premium aesthetics. It has a Matt Black glass exterior and intuitive Capacitive Touch Panel, offering enhanced convenience with its easy-to-use cooking modes. The newly launched NERO Built-In Induction Hobs reduce cooking time significantly and come in sleek designs that complement the modern minimalist kitchen. These hobs are crafted with high-quality materials, offering durability, and feature sleek and modern designs with minimalist aesthetics.
- The Acero 15PS Semi-Integrated Built-In Dishwasher is the perfect combination of seamless aesthetics and advanced functionality. Equipped with innovative features, this dishwasher effortlessly washes all your utensils, big and small, with utmost efficiency and hygiene. The Auto Open Door aids in faster drying, whereas the advanced filtration system ensures your utensils are sparkling clean.
- Hafele India is a wholly-owned subsidiary of Hafele Global network, which has been operating in India since 2003. It has a strong nation-wide presence through its offices and design showrooms, from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.
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Inc42
9h
849
Image Credit: Inc42
Ampere-Maker Greaves Electric Files DRHP For INR 1,000 Cr IPO
- Greaves Electric Mobility has filed its draft red herring prospectus (DRHP) with SEBI for an INR 1,000 Cr IPO.
- The IPO will consist of a fresh issue of shares worth INR 1,000 Cr and an offer for sale component of up to 18.93 Cr shares.
- Greaves Electric sells electric scooters under the brand name 'Ampere' and plans to utilize IPO funds for product development, technology enhancement, and expanding manufacturing capacity.
- The company reported a loss of INR 691.57 Cr in FY24 but generated operating revenue of INR 302.23 Cr in H1 of FY25.
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TechUniverses
9h
202
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Online Tools for Developers & Creators A Collection of Free Online Tools to Help Streamline Your Workflow
- GitHub is an effective platform for sharing code, tracking changes, and managing projects for every developer, beginner, or professional.
- Tools like CodePen and JSFiddle provide an environment for real-time testing and refining ideas without the complexity of set-up.
- Visual Studio Code provides a customizable coding experience with an extensive library of extensions to increase productivity.
- Canva is popular among designers for its user-friendly interface and template base for anything from social media posts to presentations.
- Kapwing offers a suite of browser tools for video editing and creating videos directly in the browser.
- Platforms like Figma provide ways for teams to work together in real-time to simplify the process of iterating on designs and gathering feedback.
- Trello and Asana provide intuitive interfaces for effective project management, organizing tasks, and tracking progress for teams.
- Toggl and RescueTime help in tracking time spent on various tasks, providing insights into productivity patterns, and enabling users to identify the areas for improvement.
- Coursera and Khan Academy provide free classes on everything from programming languages to design principles for continuous learning.
- Communities like Stack Overflow and Reddit support question-and-answer forums that share knowledge and connect people for learning and collaboration.
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SiliconCanals
9h
17
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Amsterdam-based Prosus to acquire Latin American travel agency Despegar for €1.6B: Know more
- Amsterdam-based Prosus is set to acquire Latin American Online Travel Agency (OTA) Despegar for €1.6B ($1.7B).
- The offer represents a 33% premium over Despegar's closing share price and a 34% premium compared to the 90-day volume weighted average price.
- The acquisition aims to create synergies with Prosus's other businesses in the Latin American market.
- The transaction requires approval from Despegar's shareholders and regulatory agencies before closing in Q2 2025.
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TechCrunch
9h
345
Image Credit: TechCrunch
Proton’s device aims to help those with kidney disease and cut heart failure risks
- Proton Intelligence, a Canada-based startup, has closed a $6.95 million seed round led by SOSV to develop a continuous potassium monitoring device.
- The small device, inserted below the skin, will monitor potassium levels and connect to a smartphone app for patients to track their levels and receive notifications if they are out of range.
- The device will provide clinicians with a view of a patient's potassium trends, helping to fine-tune therapies.
- Proton's founders claim their solution offers usability, accuracy, and clinical impact that surpasses other technologies in the market.
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