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Startup News
Gritdaily
1w
148
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Double Exposure: Two Academic Studies Prove Gig Drivers Need Empowerment Tech More Than Ever
- Academic studies reveal algorithms exploit gig drivers by reducing earnings and increasing platform margins.
- Uber's pricing systems lead to lower earning rates for drivers, prompting a call for transparency.
- GigU emerges as an empowerment platform, offering tools for driver optimization and increased earnings.
- The convergence of academic research, legal wins, and tech solutions signals a shift towards driver empowerment.
- GigU's transparency tools provide drivers with insights to combat algorithmic exploitation and demand fair compensation.
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Inc42
1w
42
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Shadowfax Files Confidential IPO Papers With SEBI
- Logistics major Shadowfax has filed its draft red herring prospectus (DRHP) with SEBI for an IPO through the confidential pre-filing route.
- The IPO size was not disclosed, but reports suggest Shadowfax is targeting a listing worth INR 2,000–2,500 Cr, with around 50% expected to be raised via a fresh issue.
- Shadowfax joins other companies in using the confidential filing route, including Aequs, Groww, Shiprocket, boAt, and PhysicsWallah (PW).
- ICICI Securities, JM Financial, and Morgan Stanley have been appointed as the lead bankers for the IPO. Founded in 2015, Shadowfax offers last-mile delivery services to ecommerce platforms and D2C brands.
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Inc42
1w
131
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UPI Transactions See Marginal Dip To 18.40 Bn In June
- UPI transactions saw a marginal dip to 18.40 Bn in June from the previous month's all-time high of 18.68 Bn, marking a 32% increase year-on-year.
- Transactions count in June was 2.9% higher compared to April, with INR 24.04 Lakh Cr worth transactions, a 4.4% decline from the previous month.
- Average daily transaction count increased to 613 Mn in June from 602 Mn in May, with an average daily transaction value of INR 80,131 Cr.
- India leads in digital payments with over 35 Cr UPI users, accounting for 48.5% of all real-time digital payments globally. NPCI introduced new mandates to reduce response time for UPI payments.
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Gritdaily
1w
55
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Biohack Your 40s: How 21 Again Is Redefining Aging for Men
- Men in their 40s are redefining aging through optimization, using natural supplements and wellness.
- 21 Again offers Rewind, a natural testosterone booster without synthetic hormones, showing significant results.
- Created by a food scientist, 21 Again's product aims to increase vitality and stamina.
- With plant-based ingredients, 21 Again Rewind helps men regain energy and mental clarity.
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ISN
1w
374
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Automotive spare parts aggregator Garaaz raises Rs 4.55 crore in led by GVFL
- Automobile spare parts aggregator Garaaz has raised Rs 4.55 crore in a seed funding round led by GVFL.
- Garaaz plans to utilize the funds to scale operations, strengthen local distribution, partnerships, invest in R&D, hire key talent, and set up customer support infrastructure.
- The startup, founded in 2019, connects workshops to distributors of automobile spare parts through its SaaS-based platform, aiming to streamline the supply chain.
- Garaaz aims to enhance its technology, implement AI and ML solutions for automation and efficiency, improve customer experience, and address challenges in the fragmented automotive aftermarket sector.
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Getfullyfunded
1w
284
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8 Ways to Find Major Donors for Your Small Nonprofit
- Article highlights the importance of major donors for small nonprofits for transformational gifts.
- Major gifts contribute significantly to net revenue and can reduce fundraising stress.
- Tips include focusing on high-potential donors, building relationships, and personalized engagement plans.
- Ultimately, matching donor passion with organizational needs is key for successful fundraising.
- Cultivating major donors takes time, but the payoff in sustainability is significant.
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Eu-Startups
1w
169
Spanish scale-up Catalyxx secures pre-approval for €37 million for biobutanol plant in France
- The European Investment Bank (EIB) has granted Seville-based Catalyxx pre-approval for €37 million in funding to support the construction of its first full-scale industrial plant in France for the production of biobutanol and other alcohols.
- Catalyxx has raised over €18 million in the past year with the support of funds such as Axon Desarrollo Andalucía, Aether Chemical Investments, and the European Commission’s EIC Accelerator programme.
- The French plant will utilize Catalyxx’s proprietary technology to transform bioethanol into biobutanol and other renewable bioalcohols, offering sustainability, a negative carbon footprint, and cost competitiveness.
- Catalyxx's strategic focus is on producing renewable chemicals from bioethanol and aims to become a benchmark in the circular, low-carbon chemical industry with the upcoming plant in France.
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Startup Pedia
1w
1.6k
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SHOCKING NEWS! 55-YO Mumbai techie lived alone in trash-filled flat for 3 years; survived on online food orders
- Anup Kumar Nair, a 55-year-old former techie from Mumbai, lived alone in a trash-filled flat for three years, surviving on online food orders.
- Nair's tragic isolation stemmed from the loss of both parents and an elder brother, leading to unemployment and poor health conditions, contributing to his prolonged depression.
- Social workers from SEAL discovered Nair's dire living conditions after a call from a concerned individual, finding him in a filthy apartment where he slept on a chair.
- Now safe at SEAL Ashram, Nair expressed his loneliness, stating he has no friends, and with his parents and brother deceased, coupled with his health challenges, he struggles to find employment.
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SiliconCanals
1w
199
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Prague’s TopK raises €4.6M to build a search engine for the AI era
- Prague-based TopK has raised nearly €4.66 million in seed funding to advance its AI-native search platform that unifies structured and unstructured data.
- The funding round included investments from Earlybird, KAYA, Irregular Expressions, and angel investors.
- TopK plans to use the funds to expand its team and develop enterprise offerings for large-scale search applications.
- The search engine built by TopK aims to cater to modern AI applications by merging vector search, filtering, and ranking in a single system.
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Inc42
1w
8
Image Credit: Inc42
Meta Mandates SEBI Verification For Investment Ads In India
- Meta Platforms has mandated SEBI registration verification for all securities and investment-related ads on Facebook, Instagram, and WhatsApp in India by July 31.
- Advertisers can opt for alternate verification if SEBI registration is not required, with disclosures of verified information in the ads.
- This mandate covers ads for financial products or services, while exemptions apply for certain types of ads like educational content about financial services.
- The verification process is immediate for SEBI-registered advertisers and takes about two working days for non-registered individuals or organizations; the move is expected to impact social media influencers.
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Medium
1w
25
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Who’s Actually Making Money in Web3 Infrastructure?
- Protocols in the web3 space are burning over $2.7 billion in token emissions, subsidizing fake usage.
- Chainlink aims to become the Bloomberg terminal of crypto, charging builders who use its services.
- Hivemapper and Helium are examples of web3 projects successfully converting token speculation into infrastructure yield.
- The focus in the web3 space is shifting towards sustainable business models based on generating actual revenue, such as through infrastructure yield.
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Inc42
1w
182
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Telangana Govt To Launch Digital Public Infra For AI
- Telangana government, in partnership with JICA, to launch India's first state-led digital public infrastructure (DPI) for artificial intelligence.
- The platform named Telangana Data Exchange (TGDeX) will go live on July 2, aiming to develop cross-domain AI solutions through collaboration with industry, research institutions, and startups.
- The project targets to build 2,000 AI-ready datasets within five years with support from Telangana AI Mission, T-Hub, IIT Hyderabad, and others.
- Government efforts to promote AI adoption include the IndiaAI Mission and the initiation of indigenous AI foundational models, along with partnerships with tech giants for AI compute infrastructure.
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Inc42
1w
199
Image Credit: Inc42
Ultrahuman’s Ring Under Fire, A New Unicorn & More
- Indian healthtech startup Ultrahuman faces patent battle with Oura over smart ring.
- Ultrahuman may be banned from US market if patent infringement claims are upheld.
- The startup plans to combat ban with operationalising its Texas factory and product expansion.
- Jumbotail turns unicorn, Curefoods files for IPO, and other startup news highlights.
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Medium
1w
298
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Joyce Shen’s picks: musings and readings in AI/ML, June 30, 2025
- Mayo Clinic has developed an AI tool capable of identifying 9 dementia types, including Alzheimer's, with a single scan.
- OpenAI is utilizing Google's AI chips to power its products, as per inside sources.
- China's humanoid robots are generating more soccer excitement compared to their human counterparts.
- Various AI companies have secured significant financing rounds for their AI-powered platforms and services.
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Gritdaily
1w
178
Image Credit: Gritdaily
Designing From Within: The Transformational Journey of Pei Chan and Inmispace
- Pei Chan, founder of Inmispace, embodies the power of inner transformation and aims to reconnect individuals with their inner wisdom and authenticity.
- Pei Chan's journey began in Singapore with early influences from her family's entrepreneurial background, leading to the development of resilience after facing challenges.
- After a successful finance career in London, a layoff prompted Pei to prioritize her inner world through breathwork, which ultimately led to the launch of Inmispace.
- Inmispace focuses on making breathwork accessible and affordable to help individuals reconnect with themselves, with initiatives like 'My Breath Journal' aiming to cultivate self-awareness.
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