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Startup News
Inc42
7d
251
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ONDC Chief T Koshy Steps Down After Three-Year Stint
- T Koshy, the managing director and CEO of ONDC, has stepped down after a three-year stint.
- The reason for his resignation has not been disclosed.
- The CEO responsibilities have been transitioned to an executive committee.
- This follows the recent exit of ONDC's chief business officer Shireesh Joshi.
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Inc42
7d
92
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Cross Border Logistics Startup Xindus Bags $10 Mn
- Cross border logistics startup Xindus has raised $10 Mn in a Series A funding round led by 3one4 Capital.
- The funding will be used to scale up operations and boost gross merchandise value to $200 Mn from $30 Mn.
- Xindus offers a full-stack platform for SMEs engaged in global trade, integrating shipping, warehousing, compliance, and financial flows.
- India's logistics sector is projected to grow significantly, with the e-commerce logistics segment expected to reach $10.4 Bn by 2033.
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Inc42
7d
275
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Revise Aadhaar Law To Align With Data Act: Ashwini Vaishnaw To UIDAI
- Union minister Ashwini Vaishnaw has asked UIDAI to align the Aadhaar law with the Digital Personal Data Protection (DPDP) Act, 2023.
- Vaishnaw highlighted the need to update the legal framework surrounding Aadhaar and make it compatible with the DPDP Act.
- He called on UIDAI to take the lead in this initiative.
- Vaishnaw recently announced a new Aadhaar app with face ID authentication, aiming to enhance privacy and prevent misuse.
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Yourstory
7d
167
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Logistics startup Xindus raises $10M in pre-Series A round led by 3one4 Capital
- Xindus, a cross-border logistics startup, has raised $10 million in a pre-Series A round.
- The funding round was led by 3one4 Capital and co-led by Orios Venture Partners.
- Xindus plans to use the funds to expand its operations, increase its customer base, and drive gross merchandise value (GMV) to $200 million.
- The startup aims to strengthen its presence in India and the US and expand market reach in the UK, Canada, Australia, Europe, and the Middle East.
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Economic Times
7d
401
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Trade-enablement startup Xindus raises $10 million funding from 3one4 Capital, others
- Trade-enablement startup Xindus has secured $10 million in funding, led by 3one4 Capital and Orios Venture Partners.
- The funds will be used to scale up operations, expand the customer base, and increase the company's gross merchandise value.
- Xindus aims to grow its customer base from 1,000 to 10,000 in the next 12 months, expand geographically, and enhance the platform's capabilities.
- The startup, which helps Indian SMEs access global markets, plans to strengthen its presence in India, the US, UK, and enter new markets.
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Medium
7d
133
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Inside Corporate VC: A Candid Look at How It Really Works
- Corporate VC involves providing cash to startups in exchange for ownership, often without added resources or assistance from the large corporation.
- Despite theoretical strategic benefits, Corporate VC often functions mainly as financial investment vehicles.
- Corporate VCs may shut down abruptly if faced with competing priorities within the corporation.
- The industry insider acknowledges the limited value most investors, including Corporate VCs, add to startups.
- Corporate VCs invested over US$100 billion in the previous year, representing a substantial portion of venture capital.
- Corporate VCs sometimes consider developing competing products or services to their portfolio companies if the opportunity is significant.
- Employees at Corporate VC funds lack personal investment and profit share, making them more flexible on negotiation terms.
- While Corporate VC offers job stability and good salaries, employees typically do not share in the profits from successful investments.
- Traditional VCs are critical of Corporate VC competition, but founders generally have positive views due to potential benefits.
- Corporate VCs face potential closure during economic downturns, as they are often considered non-essential expenses and subject to budget cuts.
- Transitioning from Corporate VC to traditional VC can be challenging, as top-tier VCs may not typically hire from Corporate VC backgrounds.
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Startup Pedia
7d
246
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This Men’s Ethnic Brand Started In 2015 Now Gets 3,000+ Orders Daily Across Own Website, And Myntra, Nykaa Fashion, Ajio
- Siraj Ali founded See Designs in 2015 to address the market gap in men's ethnic wear, starting with modest beginnings in a small room with three people.
- See Designs has become a prominent brand in affordable and high-quality men's ethnic wear, with over 3,000 daily orders across platforms like Myntra, Ajio, and Nykaa Fashion.
- Siraj Ali, without formal fashion education, learned through hands-on experience and rose to senior designer at a well-known brand before starting See Designs.
- See Designs offers a range of ethnic wear including kurtas, Nehru jackets, and party wear, sourced from Banaras and designed in-house in Noida.
- Maintaining a focus on accessibility and quality, See Designs prices its offerings reasonably, starting from Rs 499, appealing to a wide customer base.
- The brand's emphasis on blending tradition and modernity reflects in its diverse fabric choices and range of styles, with a recent expansion into kidswear.
- See Designs has seen substantial growth, fulfilling over 3,000 daily orders, particularly during festive and wedding seasons, while witnessing a 20-25% growth in FY25.
- With a vision to cater to men's apparel needs from childhood to adulthood, See Designs focuses on providing fresh, affordable, and elegant options in ethnic wear.
- The brand aims to continue expanding its offerings, particularly in the kidswear category, to meet the diverse needs of its male audience.
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Yourstory
7d
387
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Tessell raises $60M in Series B led by WestBridge Capital
- Tessell, an enterprise cloud data startup, has raised $60 million in a Series B funding round led by WestBridge Capital.
- The funding will be used to expand market presence and develop AI-driven data management tools for enterprises.
- Tessell aims to simplify cloud database management with its multi-cloud platform, supporting operational and analytical workloads.
- The company plans to advance solutions through AI and Conversational Data Management, making data management more accessible for enterprises.
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VC Cafe
7d
45
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The future of AI tooling is Interoperable: MCP and Agent2Agent
- The future of AI is moving towards autonomous systems capable of complex tasks, leading to the challenge of interoperability among intelligent agents and existing tools.
- Anthropic’s Model Context Protocol (MCP) and Google's Agent2Agent (A2A) protocol aim to revolutionize AI tooling by providing interoperability solutions.
- MCP addresses the fragmentation problem by offering a standard way for AI models to interact with external tools, data, and services.
- MCP acts as a universal interface that allows AI agents to intelligently utilize various tools and services to achieve goals efficiently.
- The emerging MCP ecosystem includes servers and clients for diverse applications, with marketplaces facilitating discovery and sharing.
- Google’s A2A protocol focuses on enabling seamless collaboration between AI agents from different frameworks and vendors, promoting interoperability.
- A2A facilitates communication and task coordination between agents, emphasizing compatibility, security, and higher-level agent interaction.
- Both MCP and A2A play complementary roles in enhancing interoperability within the AI ecosystem, breaking down silos and fostering innovation.
- These protocols offer numerous benefits, including enabling complex automation, fostering a vibrant ecosystem, and unlocking new business models for AI-driven tools.
- For venture capitalists, investment opportunities lie in building MCP infrastructure, developing innovative MCP servers, creating user-centric MCP clients, and leveraging A2A for multi-agent systems.
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Yourstory
7d
296
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Visa Freeze Before the Holy Heat: Why Saudi Arabia Suspended Short-Term Visas for Indians Ahead of Hajj 2025
- Saudi Arabia has temporarily suspended the issuance of new short-term visas for citizens of 14 countries, including India, ahead of Hajj 2025.
- The suspension is set to commence on April 13, 2025, and will remain in effect until mid-June.
- The decision was made to prevent unregistered pilgrims from participating in the Hajj pilgrimage and to enhance crowd management and safety.
- Indian nationals must apply through the Hajj Committee of India and unauthorized pilgrimage may result in fines, imprisonment, and asset seizure.
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Inc42
1w
323
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Fuelling Bharat’s AI Ambitions, Ather To Trim IPO Size & More
- India's AI advancements were discussed at the GenAI Summit 2025, emphasizing the need for deep tech innovations to compete globally.
- Key takeaways include the importance of building a sovereign AI ecosystem, challenges for deeptech startups, and data privacy concerns among MSMEs.
- Indian companies are utilizing AI effectively, with examples like OfBusiness and TBO Tek showcasing the country's growing prowess in AI adoption.
- Ather plans to reduce its IPO size amid market volatility, while Noise secures $20 Mn funding and Zepto sees significant growth.
- BharatPe subsidiary receives RBI approval, JM Financial trims Info Edge's price target, and RBI allows UPI transaction limit revisions.
- Ola Electric partners with EY India, emphasizing regional compliance, and attention is on Indian family offices to increase investments in the private sector.
- NeoSapien's AI wearables aim to help users manage information overload and make better decisions, leveraging real-time insights and emotion analysis.
- The product, Neo 1, serves as a 'second brain' to enhance cognitive functions and improve focus, offering personalized AI assistance.
- With Batch 2 launched at an accessible price, NeoSapien targets helping individuals mitigate the challenges of information overload.
- The article showcases the intersection of AI advancements, market news, and startup innovations in India's tech ecosystem.
- Overall, the landscape reflects a dynamic environment fostering growth, innovation, and adaptation to meet evolving challenges.
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Yourstory
1w
135
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Decoding OpenAI vs Indian music labels fight; Perfecting India’s AI story
- RBI has revised inflation projection for the year to 4% on account of good agricultural output and falling crude prices, leading to expected easing of home loan interest rates to 6% after a repo rate cut.
- US tariff turmoil resulted in volatile trading on Wall Street and elsewhere, with new trade barriers announced by China and the EU on US goods, prompting big companies like Walmart to retract financial guidance.
- Over 40% of global electricity in 2024 was generated without fossil fuels, but carbon dioxide emissions hit a record high due to increased electricity demand amid hot weather.
- Indian music labels, including T-Series and Saregama, have accused OpenAI of copyright infringement by using AI models to scrape music and lyrics from the internet without authorization, sparking debate on AI's impact on creative industries.
- India is striving to bridge the gap in AI innovation against the US and China, with initiatives like the IndiaAI Mission offering subsidised GPUs to researchers and startups for developing AI models and applications.
- FinRight, a Mumbai-based startup, simplifies PF withdrawals through an AI-driven platform that streamlines claims processing, reduces errors, and eliminates middlemen, offering faster and transparent services.
- The EU plans to invest €20 billion in gigafactories with supercomputers for AI model development, Apple's supplier Luxshare considers shifting production outside China to mitigate US tariffs, and Google opens up Google Maps Platform data for easier access.
- Trivia: InGen is the five-letter fictional company responsible for Jurassic Park.
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Gritdaily
1w
91
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Sanctuary Metals Helps Americans Diversify Retirement Accounts Amid Economic Volatility
- As inflation surged to 2.9% in December 2024, Rick Mason, a 62-year-old former production manager, diversified 15% of his retirement savings into physical gold through Sanctuary Metals amidst rising core inflation.
- Sanctuary Metals, founded in 2023 and BBB accredited with an A- rating, helps Americans transition to self-directed IRAs holding physical precious metals for retirement security.
- Market volatility and inflation pose significant challenges to American retirees in 2025, with traditional retirement strategies facing timing and sequence of returns risks.
- Sanctuary Metals offers gold as a stable investment, historically yielding 7.78% returns annually and outperforming the Dow Jones during economic turbulence.
- The process involves establishing an SDIRA, transferring funds, selecting IRS-approved metals, and utilizing a buyback program for liquidity, addressing concerns of precious metals investments.
- Diversification beyond stocks, bonds, and cash is increasingly recommended by financial experts, with gold's minimal correlation with equities being a risk-reducing factor.
- Global trends show countries incorporating precious metals into pension systems, with Sanctuary Metals offering a three-step process for clients to invest in gold IRAs.
- As retirement planning evolves due to extended lifespans and economic complexities, companies like Sanctuary Metals provide a tangible asset-based approach to financial security.
- The future adoption of this approach in retirement planning remains uncertain, but for individuals like Rick Mason facing economic uncertainties, gold presents a tangible solution.
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Gritdaily
1w
254
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26-Year-Old Entrepreneur’s Salaam Cola Expands to 14 Countries, Challenging Big Soda with a Humanitarian Mission
- Salaam Cola, the flagship product of Salaam Beverages Co. Limited, has expanded to 14 countries across four continents.
- The company is focused on humanitarian aid and ethical principles, committing 10% of its profits to conflict-affected communities.
- It has earned halal certification and positive consumer feedback for its quality and cause.
- Salaam Cola's swift rise has caught the attention of major cola brands, leading to strategic meetings.
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Economic Times
1w
283
Image Credit: Economic Times
Fintech firm Wise expands India presence, to hire hundreds across functions
- Fintech firm Wise is expanding its presence in India and plans to hire hundreds of employees in the country.
- Wise is setting up a technology and operations hub in Hyderabad, led by Smrithi Ravi, to serve as a center for product, engineering, and servicing teams.
- The company is introducing a new feature that allows small and medium businesses and freelancers to receive overseas payments in foreign currencies.
- Wise's India expansion is part of its broader Asia-Pacific strategy to navigate diverse regulatory and currency environments.
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