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Startupreporter

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Shams Aalam to Compete as First Swimmer with Paraplegia at 14th National Takshila Event

  • Shams Aalam, a Para swimmer with paraplegia, will participate in the 14th National Takshila Open Water Swimming Competition in Patna.
  • The event is a 12 km course along the river Ganga and promotes inclusive sports in India.
  • Shams Aalam has won multiple medals in state, national, and international competitions.
  • He is supported by CBM India, an organization dedicated to fostering an inclusive society.

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QuickVitals Named Finalist in the Australian AI Awards for AI Innovator – Healthcare

  • QuickVitals, an Indian health monitoring app, has been named a finalist in the AI Innovator – Healthcare category at the Australian AI Awards.
  • The Australian AI Awards celebrated achievements in various industries and recognized QuickVitals' commitment to innovation in the AI-driven healthcare sector.
  • QuickVitals is a mobile health monitoring application that uses facial recognition and gestures to diagnose vital health metrics.
  • Since its launch, QuickVitals has gained global recognition for its innovative approach to healthcare and revolutionizing the industry with AI technology.

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SiliconCanals

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In other news this week: Emerge secures €68M, Faber launches third fund at €60M, Entrepreneur Peter Goedvolk turns Professor, and more

  • Emerge, a London-based venture capital firm has raised £56 million for its second fund.
  • Kaizen, a provider of regulatory compliance solutions for global financial institutions, has secured £42M minority investment from Guidepost Growth Equity.
  • TCC, a provider of services related to the digital intensive care unit, secured €20M in Series A funding led by Captain Thomas Pötzsch.
  • Yazen Health, a Lund-based digital caregiver focused on weight loss management through medical treatment and lifestyle changes, has secured a €19.5M Series A funding round.
  • Lisbon-based Faber announces the launch of its new fund Faber Tech III, with a target size of €60M.
  • Borro, a Brussels-based platform developing an intelligent deposit system for reusable cups, has raised €350,000 in its initial funding round.
  • Miros, a UK-based company, that is building out the next generation of Human-Computer Interaction (HCI) has raised €6M in pre-Series A investment.
  • Plato has created an easy-to-use platform that uses AI to automate ERP processes in wholesale secured $6.5M in funding.
  • Cintoo has developed a SaaS platform — Cintoo Cloud that combines Reality Capture technology with digital twins, making as-built conditions of physical spaces available online.
  • Patchwork Health, a provider of tech-driven workforce management solutions for healthcare, announced the acquisition of L2P Enterprise Ltd.

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Startup Pedia

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Indian Man Does Virtual Nikah After Corporate Boss Denies Leave

  • A couple from Himachal Pradesh had to marry online after the groom’s boss denied permission to come to India for his wedding.
  • Family members of the couple coordinated a virtual nikah on Monday to fulfill the wishes of the bride's ailing grandfather.
  • The bride from Mandi and the groom from Turkiye exchanged vows over a video call in the presence of a qazi who oversaw the rituals.
  • Members of the groom's family made the journey to the bride's location, despite the unconventional mode of the ceremony.

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Medium

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Renting a PS5 might be the ideal option whether or not you’re an irregular leaders or just want to…

  • Renting a PS5 from Share Ripple provides an affordable and flexible option for gamers.
  • Seasonal gaming rentals allow players to enjoy the latest games during their preferred gaming season.
  • Benefits of renting include cost savings, trying out the console before purchasing, and using it for short-term gaming events.
  • Share Ripple offers affordable rental plans for gaming needs, including holiday gaming sessions.

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Inc42

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Trump 2.0: What’s In Store For The Indian Startup Ecosystem?

  • After Trump's landslide victory in US Presidential Elections, Indian Startup ecosystem is looking for relations with India's new administration.
  • In the past four years, Indian Startup ecosystem and domestic business landscape have grown exponentially.
  • Key factor behind this growth has been capital from US-based hedge funds, VCs and private equity players.
  • US Federal Reserve adopting low interest rates fiscal policy in 2021 led to several major US investors backing Indian startups.
  • Investors are optimistic about India seeing growth once again under Donald Trump's Presidency.
  • According to a report by the Associated Press, Trump will be looking to extend his 2017 tax overhaul along with changing the corporate income tax rate to 15% from the current 21%.
  • Indian markets are approaching a stage of maturity and the Indian public markets have largely been on a bull run in recent months.
  • Trump's emphasis on a US-first philosophy for the economy and moving away from Chinese imports could spur the China+1 strategy that India has been receiving investments for manufacturing.
  • Indian VCs expect more investments in manufacturing, electronics systems and chemicals industries.
  • Trump's anti-renewable energy sentiment could benefit Indian Startups prioritizing innovation in critical areas such as manufacturing, industrial technology, and infrastructure.

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Inc42

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UnifyApps Bags $20 Mn To Expand Its AI Enterprise Play

  • Software integration startup UnifyApps has raised $20 Mn in a Series A funding round led by ICONIQ Growth.
  • The funds will be used to expand UnifyApps's enterprise AI agent platform and enable deeper integration across SaaS applications.
  • Former SVP of sales at Sprinklr, Haitham ElKhatib, has joined UnifyApps as a cofounder and chief revenue officer.
  • UnifyApps competes against Zoho, Freshworks, Chargebee, and Keka in the SaaS sector.

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ISN

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Fedo.ai partners with Canara HSBC Life Insurance for AI-enabled non-invasive health assessments

  • Canara HSBC Life Insurance has partnered with Fedo.ai, an AI-enabled healthtech company, for AI-enabled non-invasive health assessments.
  • The partnership aims to streamline the underwriting process and reduce onboarding times by offering customers a quick and non-invasive health assessment scan through Fedo's facial scan technology.
  • Fedo.ai utilizes advanced AI algorithms to analyze 14 key health parameters and offers insights on potential disease risks and projected healthcare costs.
  • Fedo.ai plans to expand its solutions into healthcare, fitness, and mental health, with a focus on B2B2C and developer-centric distribution strategy.

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Yourstory

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Magenta Mobility’s FY24 revenue rises three fold, losses widen by 17.1%

  • Magenta Mobility reports a three-fold increase in FY24 revenue to Rs 35.53 crore.
  • Revenue from services rises to Rs 30.17 crore, driven by electric fleet and data analytics platform.
  • Losses widen by 17.1% to Rs 46.44 crore due to rising expenses.
  • Rise in driver costs, employee benefits, and finance costs contribute to increased expenses.

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Inc42

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Brainbees Shares Drop 5% After GST Department Launches Probe

  • Shares of Brainbees Solutions, the parent entity of kidswear retailer FirstCry, dropped over 5% following news of a probe by the Mumbai GST department.
  • The investigation is being conducted under sections 67(1) and 67(2) of the Maharashtra GST Act, 2017.
  • Brainbees Solutions confirmed cooperation with the GST authorities and stated that its operations remain unaffected.
  • Earlier this year, the company received show notices from the income tax department related to ESOP expenses.

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Yourstory

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Juspay cuts losses by 7.7% as revenue surges 49.6% in FY24

  • Payments startup Juspay Technologies narrowed its losses by 7.7% in FY24.
  • Revenue from operations surged 49.6% to Rs 319.32 crore.
  • Payment platform integration fees accounted for Rs 286.52 crore of the revenue.
  • Total expenses increased by 29.52% to Rs 443.74 crore.

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Inc42

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ED Raids Offices Of Amazon, Flipkart Sellers

  • The Enforcement Directorate (ED) has reportedly raided the offices of some sellers registered with Amazon and Flipkart.
  • The raids are part of a probe into alleged violations of the Foreign Exchange Management Act (FEMA).
  • Search operations were conducted in New Delhi, Mumbai, Bengaluru, Gurugram, and Hyderabad.
  • The ED is investigating alleged financial transactions by "preferred" vendors and sellers on the platforms.

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Economic Times

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AI software firm Thesys raises $4 million from Together Fund

  • Thesys, an AI software firm, has raised $4 million in seed funding from Together Fund and 8vc.
  • The funding will be used to enhance research and development efforts, AI engineering capabilities, and go-to-market initiatives.
  • Thesys simplifies the creation of AI agents for product owners and designers.
  • The company plans to make its product generally available in the next quarter.

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Yourstory

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BrowserStack launches AI-driven Low Code Automation tool

  • Software testing platform BrowserStack has launched Low Code Automation, a solution to simplify test automation for quality assurance teams, developers, and non-technical users.
  • The tool allows users, irrespective of their technical background, to create and manage AI-driven automated tests without writing code.
  • This solution addresses challenges faced by software teams, such as manual testing delays and complex automation frameworks.
  • By reducing technical barriers, Low Code Automation speeds up testing cycles, boosts product quality, and empowers citizen testers to actively contribute to testing efforts.

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SiliconCanals

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After Passionfruit, UNIIQ invests €350K in Dutch agtech startup Bionomic: Know more

  • UNIIQ, an investment fund focused on proof-of-concept phase, invests €350K in Dutch agtech startup Bionomic.
  • Bionomic aims to provide farmers with effective and sustainable alternatives to control harmful plant pathogens using environmentally friendly biopesticides.
  • UNIIQ's investment will help Bionomic validate its technology and scale up production capacity.
  • UNIIQ assists entrepreneurs in South Holland in bringing innovative ideas to market quickly.

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