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Startup News
ISN
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Deeptech space startup Astrophel Aerospace raises Rs 6.84 crore in a pre-Seed round
- Astrophel Aerospace, a deeptech space startup based in Pune, has raised Rs 6.84 crore in a pre-seed funding round led by angel investors and venture firms.
- The funding will aid the startup in developing reusable semi-cryogenic launch vehicles and missile-grade guidance systems, including their flagship engine Potentia C1U.
- Astrophel, founded in 2022 by Suyash Bafna, has achieved success in test-firing a semi-cryogenic engine with minimal budget and no prior institutional funding.
- The startup plans to utilize the capital to expand its R&D team, scale manufacturing capabilities, and collaborate with ISRO on co-development and testing campaigns.
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Inc42
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Nykaa’s Early Investor Harindarpal Banga To Sell Shares Worth Nearly INR 1,300 Cr
- Harindarpal Singh Banga, an early investor in Nykaa and founder of The Caravel Group, plans to sell shares worth nearly INR 1,300 Cr in a block deal.
- Banga holds a 4.97% stake in Nykaa as of the March quarter of 2025 and is looking to pare down his stake by 2% to 2.5% in a $150 Mn deal.
- Nykaa's shares have risen over 20% year-to-date due to its improving financial performance, including a 110% surge in net profit to INR 19.1 Cr in Q4 FY25.
- Nykaa is aiming for EBITDA break-even in its fashion vertical for the current fiscal year and has introduced 'Nykaa Now', a quick commerce service available in seven cities.
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ISN
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Deepinder Goyal-led Eternal grants 64.77 lakh stock options worth Rs 171.5 crore
- Eternal Ltd, led by Deepinder Goyal, granted over 64.77 lakh employee stock options under its stock option plans.
- The options were distributed under the Foodie Bay Employee Stock Option Plan 2014 and Zomato Employee Stock Option Plan 2021.
- The grant is valued at approximately Rs 171.5 crore based on Eternal's share opening price.
- Eternal's strategy includes using stock options for employee retention and alignment as it expands its food delivery, quick commerce, and dining-out operations.
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Inc42
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126
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Zoho Acquires Asimov Robotics Amid Deeptech Push
- Zoho has acquired the 13-year old robotics startup Asimov Robotics to bolster its R&D capabilities in robotics.
- Details of the financial aspect of the acquisition were not disclosed by Zoho.
- This marks Zoho's second investment in a robotics startup, following its stake acquisition in Genrobotics in May 2022.
- Zoho also announced a partnership with Kerala Startup Mission and intends to collaborate with various startups and organizations for R&D projects in the deeptech field.
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The Pragmatic Engineer
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How AI is changing software engineering at Shopify with Farhan Thawar
- Shopify engineers leverage AI tools like GitHub Copilot, OpenAI models for development.
- Farhan Thawar, Head of Engineering at Shopify, discusses AI integration in various departments.
- Shopify embraces AI in hiring process, including coding interviews even for directors.
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Eu-Startups
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Tallinn-based Vok Bikes raises €5 million to replace vans with next-gen electric cargo bikes
- Tallinn-based Vok Bikes raises €5 million to expand across Europe and shift away from vans in city centers with four-wheeled electric cargo bikes.
- The funding round is led by SQM Lithium Ventures and joined by existing investors, supporting Vok's vision for modern urban logistics.
- Vok Bikes offers automotive-grade electric cargo bikes designed for commercial use, showcasing innovations like the proprietary 4Drive drivetrain.
- With a focus on sustainability and efficiency, Vok aims to revolutionize urban mobility by providing environmentally friendly and cost-effective alternatives to traditional vans.
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Eu-Startups
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Roamingo partners with eSIM Go to expand travel connectivity in the Caucasus and emerging markets (Sponsored)
- Roamingo partners with eSIM Go to expand travel connectivity in the Caucasus and emerging markets.
- The partnership aims to provide affordable and dependable mobile connectivity for global travellers and businesses, leveraging Roamingo's back-end intelligence and network strength.
- Roamingo offers top-tier connectivity experiences through its travel companion app, white-label eSIM portal for businesses, API toolkit, and integrated support tools.
- The strategic alignment between Roamingo and eSIM Go enables continued growth, access to carrier networks, preferred pricing, and user-centric innovation in the travel data industry.
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Startup Pedia
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Swiggy launches ‘99 Store’ for single-serve budget-friendly meals in 175 cities
- Swiggy has launched the '99 Store' offering single-serve meals at a flat price of Rs 99 in 175+ cities in India.
- The service aims to cater to price-conscious Gen Z consumers with affordable meal options.
- Curated dishes from various cuisines are available with free delivery under the 'Eco Saver' mode.
- Swiggy's CEO mentions that the initiative is a promise to make everyday meals affordable without compromising on quality.
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Gritdaily
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Why Top Talent is Walking and What Leaders Must Do Now
- People are leaving jobs at a rapid pace, driven by burnout and disconnection.
- Key solution: mentorship, often overlooked, boosts retention and career fulfillment.
- Dr. Deborah Heiser advocates for true mentorship relationships for all professionals.
- Importance of 'reverse' and 'lateral' mentorship emphasized for personal growth.
- Core message: Mentorship is vital for culture, retention, and innovation in organizations.
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Pymnts
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412
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Yaspa Raises $12 Million to Expand Pay-by-Bank Solution in US
- Yaspa raised $12 million in funding to expand its pay-by-bank solution in the United States.
- The company, operating in the UK and Europe, is expanding to the US, focusing on sectors like regulated gambling operators.
- The funding round was led by Discerning Capital, aiming to capitalize on the appeal of account-to-account payments in the gaming industry.
- Yaspa's pay-by-bank solution offers lower costs, fewer chargebacks, and seamless integration of player protections.
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Medium
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Introduction to Venture Capital-1
- Venture capital finances tech startups and involves more than just providing funding.
- The US has a strong history in venture capital, fostering economic growth.
- Key players in VC include VCs, Principals, VPs, Entrepreneurs in Residence, and administrative teams.
- The VC life cycle includes fund establishment, investment period, value creation, exit strategy, and fund dissolution.
- Success in VC involves strategic guidance, network leveraging, and exit strategies for returns.
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Inc42
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Foxconn Recalls Chinese Engineers From Indian iPhone Plants
- Foxconn has recalled over 300 Chinese engineers and technicians from its Indian iPhone production facilities, leaving mostly support staff from Taiwan.
- The withdrawal of Chinese employees is unlikely to hamper production in India but might affect assembly line efficiency.
- This move comes amidst global trade tensions, particularly between the US and China, with implications on manufacturing strategies.
- Foxconn's recall occurs as it plans to increase India iPhone production to 25-30 million units by 2025, reflecting a shift in manufacturing strategies.
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ISN
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101
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Indian deeptech startup CIMware raises $2.3 million in a pre-Series A funding round
- Indian deeptech startup CIMware, focusing on data center architecture, secures $2.3 million in pre-Series A funding led by Transition VC for scaling operations globally.
- Founded in 2022 by Rajiv Ganth, CIMware develops a Composable Infrastructure Module (CIM) unit that integrates compute, storage, and networking for efficient data center deployment, targeting AI and machine learning workloads.
- The CIMware technology significantly reduces total cost of ownership and carbon footprint, offering modular upgrades suitable for various cloud environments, departing from traditional server-centric architecture.
- The investment will aid CIMware's team expansion, enhance product deployment, and put 20 CIM units in customer sites by December 2025, with plans to scale production for wider deployment and revenue growth targets by 2026-27 and a potential IPO in the next five to six years.
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Eu-Startups
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Polish startup Proteine Resources raises €9.5 million to build autonomous insect protein factory and launch beef alternative for pets
- Polish startup Proteine Resources has secured €9.5 million in funding from the EIC Accelerator to develop functional proteins from insects.
- The company aims to create high-performance proteins for pets, focusing on health, digestibility, and sustainability.
- Proteine will build an autonomous insect protein factory, launch a beef alternative for pets, and reduce operational costs through AI-based controls.
- Their solution helps turn waste materials into profit centers, reduces greenhouse gas emissions, and provides sustainable protein ingredients.
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The Robot Report
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363
Luminous gets funding to bring LUMI solar construction robot to Australia
- Luminous Robotics receives funding from the Australian government for LUMI solar construction robot.
- LUMI automates solar panel installation process, assists existing workforces, and improves productivity and safety.
- The project aims to reduce solar farm costs and drive global adoption of LUMI technology.
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