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Startup News
Medium
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Announcing LH Fund IX
- Lerer Hippeau has announced LH Fund IX, a $200M fund exclusively focused on early-stage investments.
- This fund will continue to support pre-seed and seed companies with a talent-driven and generalist investment approach.
- The raise marks 15 years since Lerer Hippeau's inception, coinciding with significant changes in New York's tech ecosystem.
- The venture capital landscape in New York has evolved from a cottage industry to a mainstream asset class over the years.
- Lerer Hippeau's origin story reflects a time of collaborative innovation and belief in New York as a major tech hub.
- Their investment strategy focuses on exceptional founders tackling evolving markets with unique insights.
- The team's ability to adapt to industry changes and invest in diverse sectors has been key to their success.
- Lerer Hippeau prioritizes partnering with founders to envision and build potentially groundbreaking businesses.
- Their experience and improved pattern recognition contribute to identifying fruitful opportunities for investment.
- The company remains committed to serving as a founder's trusted institutional partner for the long term.
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Inc42
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275
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Sarvam AI Cofounder Vivek Raghavan Bats For ‘Sovereign AI’
- India must focus on building a 'sovereign AI' ecosystem to ensure autonomy over its data, according to Sarvam AI cofounder Vivek Raghavan.
- Sarvam AI has launched India's first open-source foundational language model, Sarvam 2B, focused on Indic languages.
- Raghavan's advocacy for sovereign AI comes amid rising calls in the country to avoid 'digital colonialism' and compete with global AI market leaders.
- India is looking to build a domestic large language model (LLM) under the INR 10,370 Cr IndiaAI Mission.
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Economic Times
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Wearables brand Noise raises $20 million from Bose Corp
- Wearables brand Noise has raised $20 million in funding from Bose Corporation.
- This is the second round of funding for Noise, with Bose previously investing $10 million in 2023.
- Noise reported a net loss of Rs 20 crore in FY24, while its operating revenue remained flat at Rs 1,430 crore.
- Despite the slowdown in the wearable device market, Noise remains the market leader in the smartwatch category in India.
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Startup Pedia
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84
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Swiggy Launches In-App Feature ‘Maxxsaver’ For Savings On Bulk Orders
- Swiggy has launched a new in-app feature called Maxxsaver on its Instamart platform.
- Maxxsaver offers automatic discounts on purchases of ₹999 or more.
- Unlike Zepto's opt-in feature, Maxxsaver is embedded directly into the main app and automatically applied at checkout.
- Swiggy Instamart currently operates in 100 cities and offers a wide range of products, from groceries to electronics.
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Alleywatch
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HoneyHive Raises $7.4M to Help Companies Deploy Reliable AI Agents to Production with Piece of Mind
- HoneyHive raises $7.4M in Seed funding to help companies deploy reliable AI agents to production environments with confidence.
- The platform offers AI agent observability and evaluation, tracking decision journeys to reveal system weaknesses and enhance performance.
- Investors in the funding rounds include Insight Partners, Zero Prime Ventures, and notable angel investors like Jordan Tigani and Savin Goyal.
- HoneyHive's platform enables systematic evaluation of AI agents from development to deployment, focusing on OpenTelemetry standards for comprehensive visibility.
- The company was inspired by the gap between AI prototypes and production-ready systems, aiming to provide a DevOps stack for AI workflows.
- HoneyHive bridges the gap between development and production, offers enterprise-ready deployment options, and is built on OpenTelemetry standards.
- Targeting organizations deploying AI applications, HoneyHive caters to startups and Fortune 100 enterprises, especially those with complex AI pipelines.
- The business model includes usage-based pricing for different deployment options, focusing on delivering clear ROI for customers.
- With a focus on customer value, capital efficiency, and expanding product capabilities, HoneyHive's near-term goals include scaling the team and product.
- The company aims to help organizations bridge the gap between AI prototypes and reliable production systems, advancing evaluation and observability features.
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ISN
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397
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Shark Tank India-featured snack brand Let's Try raises $2.5 million in funding
- Snack brand Let's Try has raised $2.5 million in funding.
- The funding round was led by SWC Global and included existing backers.
- Let's Try plans to expand distribution, strengthen the supply chain, and launch new snack options.
- The brand aims to achieve a revenue of Rs 1,000 crore by 2028.
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Inc42
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Noise Bags $20 Mn Funding From Existing Investor Bose
- Audio startup Noise has secured $20 Mn in funding from existing investor Bose.
- Bose had previously invested in Noise in 2023 in a $10 Mn Series A round.
- Noise plans to use the funding to continue pushing boundaries in wearables and audio innovation.
- The startup recently expanded to the Gulf Cooperation Council region and acquired AI startup SocialBoat to enhance its wearable devices.
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Eu-Startups
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Ryft secures €6.6 million to equip acquirers & merchants with technology to rival Stripe Connect and Adyen
- London-based Ryft raises €6.6 million in a Series A round to develop technology for acquiring banks to compete with payment providers like Stripe Connect and Adyen.
- The funding round was led by EdenBase with participation from GPOS Investments, British Business Bank, Pembroke VCT, Sidebyside, and Ingenii VC.
- Ryft offers technology that enables acquiring banks to overcome challenges faced in the evolving payments industry and is actively seeking strategic partnerships.
- Over 1,500 businesses have already implemented Ryft, reporting significant cost savings compared to Stripe, and the company aims to transform the acquiring ecosystem.
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Npengage
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5 Ways Funders Can Address Nonprofit Burnout
- Nonprofits face burnout and stress due to chronic challenges like insufficient resources and trauma, providing an opportunity for funders to prioritize well-being for sustainable impact.
- To address nonprofit burnout, funders can simplify application processes, streamline timelines, reduce reporting burdens, and proactively communicate with grantees.
- Cultivating trust through human-centered approaches, seeking feedback, and enhancing grantee partnerships can foster impactful relationships.
- Focusing on available resources, supporting low-resource high-impact initiatives, and advocating for grantees are ways funders can make a difference.
- Being responsive to current needs, increasing funding flow, and directly funding well-being initiatives are proactive steps funders can take to support grantees.
- Directly funding well-being initiatives such as mini-grants, sabbaticals, and comprehensive staff support can help nonprofits thrive sustainably.
- Making well-being a priority in the nonprofit sector is crucial for sustainable social change, emphasizing the importance of supporting leaders and staff.
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ISN
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Australian investor, others invests $1 million in Indian spirituality startup Bhagva
- Australian investor Pradeep Nain led a pre-Series A funding round, raising $1 million for Indian spirituality startup Bhagva.
- The funding will be used to enhance the technological infrastructure and streamline operations for a seamless spiritual experience.
- Bhagva is a digital platform offering online and offline pooja services, pandit bookings, horoscope guidance, and jaap services.
- The startup focuses on inclusivity by empowering women and underrepresented communities in its supply chain and vocational training.
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Inc42
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9
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JM Financial Cuts Info Edge’s Price Target On Zomato, PB Fintech Stock Correction
- Brokerage firm JM Financial has reduced the price target of Info Edge, parent company of Naukri.com and Zomato, to INR 7,800 from INR 8,750.
- JM Financial maintains a 'Buy' rating for Info Edge, with a near 17% upside potential.
- The revision in price target is due to the recent correction in the stock prices of Zomato and PB Fintech, in which Info Edge has investments.
- Info Edge reported a 19% YoY increase in standalone billings in Q4 FY25, with positive billing trends across recruitment, real estate, and matrimonial segments.
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Cloudblog
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110
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34 gen AI success stories with customers and ISVs
- AI is transforming software development, business processes, and more at a rapid pace.
- Google Cloud partners showcase 34 AI use cases driving innovation and production usage.
- Examples include AI agents for audits, fraud detection, personalized conversations, and AI coding acceleration.
- Companies like AES, Airwallex, Allegro, and more leverage AI with tools like Vertex AI and Google Cloud.
- Applications range from sustainable energy, insurance superapps, to customer data platforms and cybersecurity.
- Partners like Gemini, NVIDIA, and SAP are instrumental in deploying generative AI solutions.
- Use cases span industries like finance, travel, e-commerce, media, and customer insights.
- Companies like Wayfair, Quora, Vodafone, and more are enhancing customer experiences using AI.
- These advancements in generative AI models are accelerating software development and innovation.
- Explore more success stories at Google Cloud Next ‘25 highlighting the impact of AI across various sectors.
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Yourstory
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46
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Google to bring Ironwood TPU, Gemini 2.5 Flash, and more cutting-edge AI innovations
- Google has introduced its seventh-generation TPU called Ironwood, aimed at supporting generative AI and its computational demands.
- Announcement made at Google Cloud Next ‘25, emphasizing cloud computing, AI, and emerging technologies.
- TPUs are specialized circuits by Google to accelerate machine learning tasks.
- Ironwood is Google's most powerful TPU yet, featuring over 9,000 chips per pod delivering 42.5 exaflops of compute per pod.
- Ironwood is the first TPU designed for inference to empower thinking AI models like Gemini 2.5.
- Google also unveiled Gemini 2.5 Flash optimized for low latency and cost efficiency on Vertex AI.
- Gemini 2.5 Pro, part of the Gemini AI model family, is now available for public preview on Vertex AI.
- Google Cloud launched Agent2Agent, an open protocol aiding secure communication among diverse AI agents.
- Over 50 partners are contributing to the development of the open Agent2Agent protocol for multi-agent ecosystems.
- Google Distributed Cloud (GDC) is expanding by bringing Google models to on-premises environments in collaboration with NVIDIA and Dell.
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Siliconcanals
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8
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DEME acquires Norwegian offshore wind company Havfram in €900M deal: Know more
- Belgium-based DEME has acquired Norwegian offshore wind infrastructure company Havfram in a €900M deal.
- Havfram, established in 2021 by Sandbrook Capital and PSP Investments, is a top-tier operator of Wind Turbine Installation Vessels (WTIVs).
- DEME is a global leader in offshore energy and marine engineering, with involvement in offshore wind, marine infrastructure, green hydrogen, and deep-sea mineral harvesting.
- The transaction is expected to be completed by the end of April 2025, subject to customary closing conditions.
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Inc42
1w
406
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Google, Other Tech Majors Express Interest In India’s AI Compute Infrastructure
- Tech and telecom majors, including Google, Airtel, TCS, and Infosys, have expressed their interest in India's AI compute infrastructure under the IndiaAI Mission.
- The IndiaAI Mission aims to create an AI ecosystem with supercomputing capabilities and offers initiatives like IndiaAI Compute Capacity, IndiaAI Innovation Centre, IndiaAI Datasets Platform, and more.
- Around 120 applications were received in the second round of bidding for the IndiaAI Mission, and the evaluation of AI LLM applications is in the final leg.
- Reliance Jio and CtrlS are set to get AI workloads by the second week of April as the lowest price bidders in the GPU tender for the IndiaAI Mission.
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