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Startup News
Eu-Startups
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Investment firm Northern Gritstone secures €58 million for life sciences and DeepTech
- Manchester-based Northern Gritstone secures €58 million in funding for life sciences and DeepTech.
- The latest funding brings the total permanent capital to €422 million.
- €40 million is contributed by Northern LGPS, with an additional €17 million from new investors Fulcrum Asset Management and Aviva.
- Northern Gritstone focuses on supporting university spin-outs in deep tech and life sciences.
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Yourstory
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13
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IndiGo Briefly Emerges as World's Most Valuable Airline
- IndiGo, India’s largest low-cost carrier, briefly became the world’s most valuable airline by market capitalization.
- With a valuation of $23.24 billion, IndiGo surpassed industry giants like Delta Air Lines and Ryanair.
- IndiGo's robust stock performance and operational expansion contribute to its growth.
- While facing challenges, IndiGo's strategic fleet expansion and focus on international operations position it strongly in the market.
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Inc42
1w
260
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Eternal Initiates Liquidation Of Zomato Netherlands
- Zomato's parent company, Eternal, has announced the initiation of the liquidation process of its subsidiary, Zomato Netherlands.
- The liquidation of Zomato Netherlands is not expected to impact the revenue of the company as it does not have any active business operations.
- Zomato has previously shut down several international subsidiaries, including the USA, Singapore, UK, Lebanon, South Africa, Qatar, UAE, Netherlands, Philippines, Ireland, Jordan, Australia, Indonesia, Portugal, Czech Republic, Chile, Vietnam, Poland, and Slovakia.
- Zomato's focus on its business in India has proven successful, with the company reporting its first profitable year in FY24 and achieving profitability in multiple quarters of FY25.
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Medium
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390
Who is an Insights Manager?
- An Insights Manager is responsible for drawing second-order insights from information, identifying patterns, and synthesizing complex signals into actionable understanding.
- The role bridges gaps, surfaces patterns, and creates clarity from complexity in an organization.
- An effective Insights Manager possesses curiosity, pattern recognition, comfort with ambiguity, and the habit of documenting overlooked information.
- Organizations can benefit from hiring or empowering an Insights Manager to make smarter decisions and address messy and nonlinear problems.
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ISN
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297
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Bower School of Entrepreneurship raises Rs 11.5 crore in funding to replace outdated education models
- Bower School of Entrepreneurship raises Rs 11.5 crore in seed funding round.
- Bower aims to replace outdated education models with hands-on, real-world learning.
- The institution offers entrepreneurship programs from grade three through postgraduate levels.
- Funds will be used to expand partnerships and set up physical campuses across different regions.
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Yourstory
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20
Image Credit: Yourstory
Startup news and updates: Daily roundup (April 10, 2025)
- Indian music labels like T-Series and Saregama are suing OpenAI for copyright infringement, raising concerns about AI and creativity.
- ONDC's Chief Thampy Koshy steps down after three years with a transition plan for the position.
- Eloelo secures $13.5M in Series B funding led by Play Ventures for GenAI use cases and international expansion.
- Australian cricketer Glenn Maxwell invests in India's Drive Fitt, focusing on sports and technology integration.
- Lumikai leads a $1.2M seed round in AI-driven spiritual-tech startup AskMyGuru for immersive spiritual experiences.
- Arihant Academy acquires Carmel Classes and Tuitions for $1.2M, expanding its network and course offerings in education.
- Hyderabad-based Bower School of Entrepreneurship raises Rs 11.5 Cr seed funding for application-based learning expansion.
- Kazam partners with Yuma for battery swapping at EV charging hubs, enhancing energy solutions for EV users in India.
- Atlys appoints Ananth Iyer as CFO to support global expansion with his financial expertise across various sectors.
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ISN
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153
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Xindus, a trade enablement startup empowering Indian SMEs, raises $10 million in funding
- Gurugram-based trade enablement startup Xindus has raised $10 million in a Series A funding round led by 3one4 Capital and co-led by Orios Venture Partners.
- The company plans to use the funding to scale operations, onboard 10,000 customers, and drive GMV to $200 million.
- Xindus aims to strengthen its presence in the India-US corridor and expand market reach in the UK, Canada, Australia, Europe, and the Middle East.
- The startup simplifies cross-border trade through its integrated platform, XindusOne, which streamlines order fulfillment, worldwide shipping, trade compliance, and financial flows.
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TechBullion
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83
Image Credit: TechBullion
Study finds that only 31% of fintech platforms meet basic web accessibility requirements
- A study found that only 31% of fintech platforms meet basic web accessibility requirements.
- 51% of surveyed fintechs partially meet the requirements, while 18% could not be analyzed.
- The European Accessibility Act will come into force on June 28, 2025, and many fintech companies are unprepared.
- Online experiences for people with disabilities are being marginalized, contributing to a widening tech accessibility gap.
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Startup Pedia
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335
Image Credit: Startup Pedia
'I Am The Fire That Will Shatter GLAS’: Byju Raveendran files FIR Against 'Conspirators'
- Byju Raveendran, founder of Byju's, has filed a FIR against Pankaj Srivastava, the former resolution professional (RP) of Think & Learn, Glas Trust, and some EY employees.
- The FIR is in response to allegations of a criminal conspiracy against Byju's, with Raveendran claiming that the insolvency process was illegally handed over to EY agents of GLAS.
- Byju's is currently facing financial struggles and legal disputes, including mounting debts and concerns over the ruling by National Company Law Tribunal (NCLT) in favor of lenders controlling the company's financial decisions.
- Glas Trust has denied the allegations, calling them baseless and fabricated, and accusing Raveendran of deflecting responsibility.
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SiliconCanals
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406
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Fox Crypto acquisition raises Dutch concerns over sovereignty and cryptographic control: Govt asks Invest-NL to acquire priority share
- NCC Group has completed the sale of Fox Crypto to CR Group Nordic AB, as part of its strategy to streamline operations and focus on core cybersecurity services.
- The Dutch government has raised concerns over the sale, specifically regarding digital sovereignty and the protection of national security interests.
- To address these concerns, the Dutch Ministry of Defence, along with the Ministries of Economic Affairs and the Interior, has requested Invest-NL to acquire a priority share in Fox Crypto BV.
- NCC Group is a global cybersecurity specialist, with a strong presence in North America, Europe, and the UK, and a growing footprint in the Asia-Pacific region.
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Inc42
1w
365
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Mosaic Wellness Nets $20 Mn From Think Investments
- Health and wellness startup Mosaic Wellness has raised over $20 Mn from Think Investments.
- The funding will be utilized for the company's growth and future plans.
- Mosaic Wellness operates digital health platforms providing products and services for men, women, and children.
- The startup has shown significant revenue growth and has raised a total funding of $35.25 Mn to date.
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Inc42
1w
297
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The AI Rush In SaaS: How Indian VCs Are Reinventing Their Thesis
- In mid-2024, AI became a foundational pillar for Indian SaaS startups, with AI-based ventures receiving significant funding.
- Investors now focus on the depth of AI integration, seeking businesses built with AI at the foundational level for defensibility.
- Indian SaaS is evolving around AI, reshaping investor priorities and funding decisions in the process.
- The shift from cloud-first to AI-native SaaS has fundamentally changed how intelligence is built into applications.
- AI-native startups exhibit a higher level of AI integration, using proprietary data to create defensible tech moats.
- Investors evaluate startups based on factors like data quality, data flywheel, and technical rigor in AI-native offerings.
- AI's impact on SaaS investments is prompting a shift towards evaluating AI-driven metrics and AI modeling choices.
- India's SaaS edge lies in frugal innovation, a large tech workforce, and digital adoption, but challenges with talent and infrastructure persist.
- The future of SaaS investing revolves around proprietary data, AI-native architecture, execution speed, and features like multimodal AI.
- SaaS startups must prioritize responsible AI implementation as digital footprints grow and the need for trust and security increases.
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Inc42
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373
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BYJU’S Alpha Sues Byju Raveendran Over Alleged ‘Misappropriation’ Of $533 Mn
- BYJU’S Alpha, the US-based special purpose finance vehicle of BYJU’S, has sued the edtech startup’s founder Byju Raveendran, his wife and cofounder Divya Gokulnath and advisor Anita Kishore for allegedly ‘misappropriating’ $533 Mn in funds.
- The lawsuit alleged that the three orchestrated and executed a lawless scheme to conceal and steal $533 Mn of loan proceeds.
- This comes after the US bankruptcy Delaware court ruled in favour of the lenders of BYJU’S for fraudulent transfer of $533 Mn out of the $1.2 Bn term loan B extended to the startup.
- The Lenders of BYJU’s Alpha’s Term Loans stated that Byju, Divya, and Anita deliberately hid the assets of BYJU’s Alpha and repeatedly were deceptive about the location of the money to steal funds rightfully owed to the Lenders.
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Yourstory
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290
Image Credit: Yourstory
Eloelo secures $13.5M in Series B funding, plans global expansion in Indian diaspora markets
- Eloelo, a live social entertainment platform, has secured $13.5 million in Series B funding.
- The funding round was led by Play Ventures, with participation from other investors including Kalaari Capital and Griffin Gaming Partners.
- Eloelo plans to expand its GenAI use cases and target Indian diaspora markets for global expansion.
- The platform enables creators to host interactive livestreams in multiple languages and aims to build a large media and entertainment powerhouse.
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Insider
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37
Image Credit: Insider
Now there's an AI that can write and assemble visa applications for immigration lawyers
- Parley, a legal tech startup, uses AI to streamline visa applications for immigration lawyers and paralegals.
- The platform helps lawyers draft and submit applications faster, saving time and reducing the workload.
- Parley's platform allows attorneys to upload documents and automatically draft attorney letters confirming eligibility for work visas.
- The startup has gained traction among law firms and aims to release a product to address government-issued requests for evidence.
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