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Startup News
Inc42
1w
211
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Ranjan Pai’s Claypond Capital Appoints Sekhar Garisa As New MD
- Claypond Capital, the family investment office of Manipal Group chairman Ranjan Pai, has appointed Sekhar Garisa as its new managing director.
- Garisa, a former Microsoft executive, brings nearly two decades of experience spanning sectors like FMCG, consumer internet, and consulting.
- Claypond Capital aims to be the partner of choice for India's entrepreneurs, focusing on a strong 'Entrepreneur First approach'.
- This appointment follows Claypond Capital's previous appointment of Shravan Subramanyam, former MD of Wipro-GE Healthcare, as the head of their medical technology platform.
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Medium
1w
29
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AI as a startup force multiplier: The CEO of SPRX explains how AI is showing the path to…
- Dominic's experience in corporate accounting spurred him to start SPRX, an AI-powered startup simplifying R&D tax credit studies.
- This niche market lacked innovation due to a lack of interest from software and accounting firms in addressing the issue.
- SPRX leverages AI to streamline the time-consuming tax credit process, attracting over 500 clients with its automation platform.
- The company's lean approach allowed it to start with only 2 developers and gradually scale up its workforce to 25.
- Dominic emphasizes the importance of utilizing AI as a force multiplier in building specialized solutions like SPRX's product.
- SPRX's transition to a client-focused model led to improved product-market fit and significant growth.
- The company's strategy involves hiring engineers with domain expertise in tax code, rather than a large team of generalists.
- Dominic predicts a rise in founders developing hyper-specific solutions using AI, emphasizing domain expertise over technical skills.
- He believes that founders understanding their industries well will be key in successfully creating and selling niche products.
- The changing dynamics of product development highlight the increasing viability of starting companies based on specialized industry knowledge.
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Insider
1w
84
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Beckley Psytech's investors want to put more money into the psychedelics company at a $200M valuation
- Beckley Psytech's investor, Noetic Fund, is seeking to invest up to $20 million in the biotech startup at a $200 million valuation.
- Beckley Psytech is developing a psychedelic-based nasal spray to treat depression and alcohol use disorder.
- The raise would value Beckley Psytech at $220 million after the fundraise, with the company having raised $143 million to date.
- The startup aims to publish phase 2b clinical trial data and potentially go public or pursue a strategic M&A deal within the next 12 months.
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Gritdaily
1w
71
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The Gluten-Free Evolution
- The gluten-free diet, once a medical necessity, has evolved into a global trend impacting the food industry significantly.
- The market for gluten-free products is rapidly growing, with projected global sales to reach $13.81 billion by 2032.
- Factors driving the growth include health-conscious consumers, celebrity influence, and improved availability of gluten-free options.
- Innovations in the food industry include alternative flours, gluten-free bakeries, and increased awareness of cross-contamination.
- Sweet Diplomacy, founded by Melody Hu, is a pioneer in inclusive baking, offering allergy-friendly treats with global flavors.
- The bakery has expanded nationwide, emphasizing sustainability, special-diet inclusivity, and high-quality ingredients.
- Gluten-free eating is likely to have a long-term future, with advancements in food science and accessibility to a wider audience.
- Future gluten-free innovation may include plant-based alternatives and functional foods designed to improve gut health.
- The gluten-free movement showcases the evolution of consumer preferences and the food industry's adaptability to meet changing demands.
- Overall, the future of food is becoming more inclusive, catering to diverse dietary needs without compromising on taste.
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Inc42
1w
167
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Clients In No Rush To Adopt AI Solutions: Zoho’s ManageEngine CEO
- Zoho's ManageEngine CEO, Rajesh Ganesan, stated that their clients are not rushing to adopt AI solutions.
- Ganesan mentioned that enterprise clients are more focused on having their business problems solved.
- Zoho has established separate teams to oversee regulatory compliance in the geographies they operate.
- India is one of the fastest-growing markets for ManageEngine, right behind the US and the UK.
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Inc42
1w
296
Image Credit: Inc42
IndiGo Parent, Accor To Acquire Majority Stake In Treebo Hotels
- IndiGo's parent, InterGlobe Aviation, and Accor have announced a partnership to acquire a majority stake in Treebo Hotels.
- Accor, an existing investor in Treebo, will jointly invest and become the largest shareholder in the budget hotel chain.
- The partnership aims to create India's third-largest hospitality player with over 30,000 rooms by leveraging Treebo's technology and developing Accor's Ibis and Mercure brands.
- Accor also plans to set up 300 hotels in India under various brands through its strategic collaboration with InterGlobe.
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Medium
1w
131
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Introducing Notora AI: Turning Thought Into Action
- Notora AI is a new solution that aims to bridge the gap between capturing thoughts in meetings and turning them into actionable outcomes.
- The core issue addressed by Notora AI is that modern productivity tools are passive, resulting in notes being taken but not acted upon, and tasks being assigned but not tracked effectively.
- Notora AI introduces two groundbreaking features: Thinklets, which are activated AI workflows that transform raw inputs into high-leverage outputs, and Looplets, which provide real-time AI feedback loops during meetings.
- Notora AI is designed to help users overcome the challenges of the fast-paced work environment by propelling them forward and ensuring that every meeting, note, and task contributes to meaningful progress.
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TechCrunch
1w
139
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Anthropic rolls out a $200-per-month Claude subscription
- Anthropic has launched a new, expensive AI chatbot subscription plan called Claude Max.
- Claude Max offers higher usage limits than the Claude Pro subscription.
- There are two options for Claude Max, priced at $100 and $200 per month respectively.
- Anthropic is exploring new revenue channels, including Claude for Education, to support the development of frontier AI models.
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Pymnts
1w
152
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Fashion Retail Platform Lyst Sold to Japan’s Zozo for $154 Million
- Fashion shopping platform Lyst is set to be acquired by Japanese eCommerce firm Zozo for $154 million.
- Lyst will become a wholly owned subsidiary of Zozo, aiming to build a better future for fashion discovery online.
- Lyst connects 160 million shoppers annually with 27,000 premium and luxury brands and retailers.
- Zozo will invest in accelerating the development of Lyst's AI-driven discovery experience.
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ISN
1w
347
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India Accelerator leads seed round in Grest to strengthen its focus in re-commerce industry
- India Accelerator, a fund-led accelerator, has invested in Grest, a premium refurbished iPhone store in India.
- Grest aims to be a Hi-tech re-commerce company and plans to expand its operations nationwide.
- IA's investment will support Grest's growth and allow it to establish a presence in remote areas of India.
- Grest will enhance its technology infrastructure, drive revenue-focused initiatives, and improve customer engagement.
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Inc42
1w
46
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Glance Working On Rolling Out AI-Led Personalised Commerce Offering
- InMobi-owned Glance is developing an AI-led commerce offering to create a personalized shopping and styling space on devices like phones or TVs.
- Users can upload a selfie and the AI model will generate images of the user wearing different clothes, which will be displayed on the lock screen.
- The offering aims to trigger aspiration by showing users looking great in unexpected outfits, and is expected to be launched globally in the coming weeks.
- Glance, with 250 million users in Asia, is expanding into the US and is building the future of commerce where every user becomes the model, muse, and buyer.
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The Pragmatic Engineer
1w
165
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The Philosophy of Software Design – with John Ousterhout
- Stanford professor John Ousterhout discusses the importance of software design amidst advancing AI tools like Cursor, Windsurf, and Copilot in auto-completion and test generation.
- Ousterhout argues that while AI is improving coding speed, software design will remain crucial as AI may not replace high-level design needs.
- Key takeaways include the essential nature of software design as a decomposition process, the counter-productivity of Test-Driven Development (TDD), and the value of deep modules for managing complexity.
- The episode delves into the differences between academia and industry, the impact of AI on software engineering, and the nuances of software design principles like error handling and empathy.
- John Ousterhout's criticisms of TDD, the single-responsibility principle, and his preference for well-written comments are highlighted, along with his active contribution to the Linux kernel project.
- Moreover, the episode covers John's teaching methodologies at Stanford, emphasizing feedback, revision, and substantial coding projects for students to enhance their software design skills.
- Overall, the conversation focuses on the evolving role of software design in the context of advancing AI tools and emphasizes the ongoing importance of thoughtful design principles for successful software development.
- For more in-depth insights, listeners are encouraged to explore John Ousterhout's book 'A Philosophy of Software Design', which delves into critical aspects of effective software design practices.
- The episode also addresses John's disagreements with certain coding practices advocated by industry figures and his real-world engagement in contributing to the Linux kernel, showcasing the practical application of software design concepts.
- John Ousterhout's approach to software design, his perspectives on error handling, empathy in design, and the value of upfront design considerations provide valuable insights into the intricacies and importance of robust software design practices.
- From the impact of AI on software engineering to the practicality of design reviews and whiteboarding techniques, the episode offers diverse perspectives on enhancing software design skills and navigating complex codebases effectively.
- Listeners are encouraged to explore the episode for a comprehensive understanding of the evolving landscape of software design, informed by John Ousterhout's wealth of experience and insights in the field.
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8 Likes
Medium
1w
122
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The Valuation Mirage: Why Most Startups Get It Wrong Before They Even Raise?
- Confusing valuation with vision is a common mistake made by many startup founders.
- Over 50% of unicorn valuations are inflated due to investor-favored terms, not real business metrics.
- Founders need to focus on investor-ready models that speak the language of forecasts, assumptions, and margin trajectories.
- Overvaluation can have severe consequences and lead to the collapse of a company, as seen in the case of Byju's.
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7 Likes
Inc42
1w
338
Image Credit: Inc42
AI-Powered Photo Tool Has Doubled Food Tracking Engagement: Healthify CTO
- Healthify, a health and fitness app operator, has doubled user engagement in food tracking through its AI-powered photo recognition system.
- The AI-powered feature allows users to track their meal intake more efficiently by recognizing Indian food from images and logging calorie intake.
- By switching to tracking using photos, users engage in food tracking twice as much as those who track manually, resulting in better health outcomes.
- Healthify plans to expand its voice-to-text feature to simplify medical record creation for doctors.
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Eu-Startups
1w
152
TransFICC secures €22.5 million for low-latency connectivity and workflow services in etrading
- TransFICC raises €22.5 million in Series B investment for low-latency connectivity and workflow services in e-trading.
- The funding round was led by Citadel Securities and BlackFin Tech.
- TransFICC has raised a total of €45.2 million to date.
- The company provides trading technology for Fixed Income and Derivatives markets, offering unified API to streamline electronic trading.
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9 Likes
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