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Startup News
Pymnts
1w
25
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Tapi Acquires Some Operations of Arcus in Mexico From Mastercard
- Tapi has acquired several operations of Arcus in Mexico from Mastercard.
- The acquisition includes Arcus' utility payments, mobile top-ups, gift cards, and cash in/out operations.
- Mastercard will retain the Arcus brand and its payment processing, while Tapi aims to expand its payment network across Mexico and Latin America.
- This news highlights Tapi's strategic move to enhance its presence in Mexico's growing digital payment market.
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Inc42
1w
165
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Sri Mandir Parent AppsForBharat Bags INR 175 Cr
- AppsForBharat, the startup behind spiritual tech platform Sri Mandir, raised INR 175 Cr ($20 Mn) in its Series C funding round led by Susquehanna Asia VC.
- The funds will be used to expand operations across temple towns, set up logistics centers, strengthen services, commerce verticals, and create AI features for better user experience.
- AppsForBharat's Sri Mandir app has over 4 Cr downloads, enabling devotees to book online poojas, make offerings, and access devotional content.
- The faith tech ecosystem in India is thriving with over 900 startups offering services like e-darshans, e-poojas, and prasad deliveries; notable players include Astrotalk, Temple Connect, VAMA, and Phool.
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TechCrunch
1w
297
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Legal software company Clio drops $1B on law data giant vLex
- Clio, a Canadian legal software company, has acquired vLex, a legal data intelligence platform, in a $1 billion cash-and-stock deal.
- vLex, largely bootstrapped until purchased by Oakley Capital in 2022, is valued for its legal document database enhancing AI models for lawyers.
- The acquisition allows Clio, known for law firm management tools, to step into the practice of law with access to vLex's AI capabilities.
- Clio also announced reaching $300 million in annual recurring revenue (ARR) alongside the acquisition of vLex.
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Gritdaily
1w
80
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Empathy at Scale: How Sober Sidekick Is Reimagining Addiction Recovery Through Peer Support
- Sober Sidekick is reimagining addiction recovery through peer support, emphasizing the value of empathy in fostering engagement and meaningful connections.
- The platform, founded by Chris Thompson, operates on a peer-powered model of mutual support, where users provide and receive support, enhancing their own recovery and that of others.
- Sober Sidekick's impact is highlighted by its measurable outcomes, showing a clear relationship between giving support and reduced relapse rates, with regular peer engagement significantly lowering relapse rates.
- The platform's success, ethical decisions, and emphasis on empathy as a scalable and measurable resource challenge societal norms and highlight the potential for empathy to drive positive change.
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Gritdaily
1w
296
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OMNIUX Featured by Thomson Reuters for Transformative Use of Legal AI
- OMNIUX has been recognized by Thomson Reuters for its transformative use of legal AI in reducing costs and improving efficiency.
- The company implemented CoCounsel, an AI-powered legal assistant, leading to significant increases in productivity and monthly savings in legal fees.
- The recognition underscores OMNIUX's commitment to innovation, agility, and strategic execution, positioning it as a trusted growth partner across various sectors.
- OMNIUX's adoption of AI aims to empower its team, streamline legal workflows, and drive growth through intelligent and efficient solutions.
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Gritdaily
1w
80
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Radical Love for the Ocean: Regeneration in Action in Tulum
- In Tulum, ocean is heart of a movement, not just backdrop.
- World Ocean Day celebrated at Delek Tulum, focused on regeneration.
- Speakers highlighted marine conservation, regenerative finance, and waste management initiatives in Tulum.
- Monthly series Radical Ocean Love combines action, education, and ceremony by the ocean.
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Inc42
1w
356
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Morgan Stanley Offloads PB Fintech Shares Worth INR 19.1 Cr
- Morgan Stanley Asia (Singapore) Pte sold 99,994 shares of PB Fintech in a block deal worth INR 18.19 Cr at INR 1,819 apiece, a small discount.
- BNP Paribas Financial Markets purchased the shares at the same price for INR 18.19 Cr.
- This block deal follows cofounders Yashish Dahiya and Alok Bansal's selling off a significant share for INR 619.6 Cr and INR 300.6 Cr via bulk and block deals.
- PB Fintech's share prices have seen volatility recently due to market factors and concerns raised by Trudence Capital, despite strong financial performance.
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Gritdaily
1w
395
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Sam Adetunji: The Visionary Behind Veri MedTech, the Healthcare Platform Serving Over One Million Patients Across the U.S.
- Veri MedTech, led by Sam Adetunji, connects patients with licensed medical professionals digitally.
- The platform aims to increase access to judgment-free medical conversations nationwide.
- Founded without external funding, Veri MedTech now serves over a million patients.
- Sam Adetunji's vision focuses on empathy, access, and dignity in healthcare services.
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TechCrunch
1w
323
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Next-gen procurement platform Levelpath nabs $55M
- Levelpath, a procurement software startup founded by the creators of Scout RFP, has secured $55 million in Series B funding led by Battery Ventures with participation from existing investors like Benchmark and Redpoint.
- The founders, Stan Garber and Alex Yakubovich, identified procurement challenges during their time at Workday, leading to the creation of Levelpath, which integrates AI capabilities and serves customers like Ace Hardware and Amgen.
- The investment in Levelpath highlights its potential to disrupt the procurement software market dominated by legacy vendors, indicating confidence in the startup's growth trajectory in a market valued at $7.3 billion annually.
- With backing from experienced investors like Battery Ventures and a strong focus on user-friendly technology, Levelpath aims to enhance the procurement experience for customers and generate significant cost savings for businesses.
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Medium
1w
261
How VCs Can Truly Add Value to Portfolio Companies: A Founder’s Perspective
- Value creation by VCs involves more than just providing capital; it includes accelerating growth, derisking the business, and positioning it for long-term success.
- VCs assess market opportunity, team composition, unit economics, and readiness for change before investing in a company.
- Working closely with the management team, VCs help in identifying key levers for value creation, focusing on composition, readiness for change, and execution.
- VCs assist in short-term cash generation, prioritizing opportunities, setting targets, maximizing value creation levers, preparing for exit, and building a roadmap for success.
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Inc42
1w
63
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Karnataka Bike Taxi Ban: Impacted Drivers On Hunger Protest
- Members of the Bike Taxi Welfare Association staged a hunger protest across several cities in Karnataka against the ban on bike taxis, urging the authorities to implement an inclusive policy framework.
- The protesting drivers highlighted the hardships faced due to the ban, with some resorting to begging to feed their families, and emphasized that bike taxis offer flexible work opportunities to various segments of the society.
- The bike taxi members questioned the government's decision, pointing out the inconsistency of allowing two-wheelers for parcel delivery but penalizing them for passenger transport, both falling under the gig economy and Motor Vehicles Act.
- This protest follows a ban on bike taxis in Karnataka by the High Court, which led to ride-hailing platforms suspending operations. The drivers have faced consequences for protesting, including arrests and clashes with authorities.
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Siliconangle
1w
42
Image Credit: Siliconangle
Cato Networks raises $359M in funding for its SASE platform
- Cato Networks has secured $359 million in late-stage investment led by Vitruvian Partners and ION Crossover Partners, with participation from existing investors, valuing the company at $4.8 billion.
- The company provides a SASE platform for over 3,500 organizations offering cloud-based network infrastructure to connect remote locations and secure data traffic between them.
- Cato's platform includes features to block unnecessary connections within a company's infrastructure to prevent malware spread and uses AI models to scan for threats.
- The funding will be used to expand networking capabilities, enhance cybersecurity tools, grow customer-facing teams, and partnerships, as the CEO plans further evolution of network security.
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Inc42
1w
340
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Zoomcar Posts $26 Mn Loss On $9 Mn Revenue In FY25
- Zoomcar managed to reduce its loss by 25% to $25.6 Mn in FY25 despite a decrease in revenue, which fell to $9.1 Mn.
- The company's adjusted EBITDA loss shrank by 44% to $9.9 Mn in FY25 compared to the previous fiscal year.
- Zoomcar reported a contribution profit of $4.3 Mn in FY25, a significant improvement from a contribution loss of $980K in FY24.
- The company remains burdened by debt, recording a loss of $1.2 Mn in troubled debt restructuring, raising doubts about its ability to continue as a going concern.
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TechCrunch
1w
42
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At TechCrunch All Stage: VC red flags, founder signals, and pre-seed traps — Charles Hudson will tell you what investors really see
- Charles Hudson, managing partner of Precursor Ventures, will shed light on how VCs evaluate companies at the pre-seed stage at TechCrunch All Stage 2025 in Boston on July 15.
- Hudson will uncover the crucial signals that matter when data is limited and emphasize the significance of seemingly small decisions for founders pitching at an early stage.
- The session will delve into red flags that can deter investors, such as co-founder dynamics and outreach quality, and how these subtleties can impact funding opportunities.
- TechCrunch All Stage offers a valuable opportunity for startup founders to gain expert insights and practical advice to shape their entrepreneurial journey. Register now for discounted tickets before the offer expires.
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Medium
1w
250
*“How to Mend a Broken ❤️ Startup: A VC’s Battle-Tested Playbook for Founders & Investors”
- A venture capitalist shares a playbook for founders and investors on how to save failing startups by addressing common root causes.
- The triage framework includes diagnosing issues like burn rate, cohort NRR, and cap table health, followed by taking immediate actions to stop the bleeding.
- Recommendations for founders include renegotiating contracts, launching retention campaigns, and installing interim executives, with a focus on founder coachability for turnaround success.
- Decision-making involves pivoting if the market shrinks, doubling down on successful products, or seeking bridge rounds if metrics are strong but cash is low, ultimately aiming for graceful exits rather than letting startups linger.
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